There are no pre-requisites for this module to be added

Comparison of management and financial accountingCost classification and cost behaviourStock accounting - LIFO, FIFO, weighted average - and stock control: issues, re-order quantity, re-order level, maximum stock, minimum stockLabour: accounting and controlCosting: marginal costing, absorption costing, comparison of marginal and absorption costingCosting systems: job costing, process costing, contract costingStandard costing: theory, direct variances, sales price and volume variances, fixed overhead variances, profit reconciliationRelevant costs for decision-makingCVP analysis: single product break-even, multi-product breakeven, what-if analysis

Upon completion of this module you will be able to

LO1: Compare and contrast management and financial accounting.

LO2: Apply and discuss and accounting and control procedures for materials and labour.

LO3: Apply and discuss marginal, absorption, job, process and contract costing.

LO4: Apply and discuss standard costing and integrated accounting.

LO5: Apply and discuss relevant costs for decision-making.

LO6: Apply and discuss CVP analysis.