Track 7 · Intermediate
Cost and Managerial Accounting
Cost behaviour, product costing, cost-volume-profit analysis, relevant costs, standard costing and variances.
- Lessons
- 10
- Exercises
- 64
- Time
- 4 h 45 min
Module 1
Costs and costing systems
- 01
Classifying costs
Classify costs as fixed or variable, direct or indirect, product or period.
Worksheets · Calculations · Classification · Concept checks
Members25 min - 02
Job-order costing
Accumulate job costs and apply overhead with a predetermined rate.
Journal entries · Worksheets · Calculations · Simulator
Members30 min - 03
Process costing
Compute equivalent units and cost per unit in a process.
Journal entries · Worksheets · Calculations · Concept checks · Simulator
Members30 min - 04
Activity-based costing
Allocate overhead with activity drivers and compare with a single rate.
Worksheets · Calculations · Classification · Concept checks · Simulator
Members30 min
Module 2
Decisions
- 01
Cost-volume-profit analysis
Use contribution margin to analyse how volume, price and cost changes affect profit.
Worksheets · Calculations · Concept checks · Simulator
Members25 min - 02
Break-even and target profit
Compute break-even and target-profit volumes and the margin of safety.
Worksheets · Calculations · Concept checks · Simulator
Members30 min - 03
Relevant costs and make-or-buy decisions
Identify relevant costs and decide whether to make, buy, keep or drop.
Worksheets · Calculations · Classification · Concept checks
Members30 min - 04
Transfer pricing fundamentals
Explain the effect of transfer prices on divisional results and set a sensible range.
Worksheets · Calculations · Concept checks
Members20 min
Module 3
Standard costing
- 01
Standard costs
Build a standard cost card for a product.
Worksheets · Calculations · Concept checks
Members30 min - 02
Variance analysis
Compute price, usage, rate and efficiency variances and suggest causes.
Journal entries · Worksheets · Calculations · Classification · Concept checks · Simulator
Members35 min