0) Overview P1

Question 1

Name the 4 syllabus areas

Answer 1

1) Cost accounting for decision and control

2) Budgeting and budgetary control

3) Short-term commercial decision making

4) Risk and uncertainty in the short-term

Question 2

Cost accounting for decision and control syllabus area - name the 6 chapters

Answer 2

1) Rationales for costing

2) Traditional costing

3) Activity-based costing (ABC)

4) Other costing techniques

5) Variance analysis

6) Further variance analysis

Question 3

Budgeting and budgetary control syllabus area - name the 3 chapters

Answer 3

1) Preparing budgets

2) Forecasting techniques

3) Budgetary control

Question 4

Short-term commercial decision making syllabus area - name the 3 chapters

Answer 4

1) Relevant costs and decision making

2) Breakeven analysis

3) Linear programming