This class was created by Brainscape user Mia Discenza. Visit their profile to learn more about the creator.

Decks in this class (18)

1 - Introduction to management accounting
Management accounting definition,
What are the 5 main areas managem...,
What are the four global manageme...
32  cards
2 - Costing
What is a cost object,
What is a cost unit,
What is a cost centre
33  cards
3 - Cost behaviour
What is cost behaviour,
Why is cost behaviour necessary,
How is level of activity or outpu...
18  cards
4 - Absorption costing
What is absorption costing,
What is a production service cost...,
What is allocation apportionment
19  cards
5 - Marginal costing and pricing decisions
What is marginal costing,
What is contribution,
What does the change in inventory...
12  cards
6 - Breakeven analysis
What is breakeven point,
Breakeven analysis,
Bep formula
18  cards
7 - Limiting factor analysis
What is a limiting factor scarce ...,
Possible limiting factors,
What is an optimal production plan
6  cards
8 - Standard costing
Standard cost definition,
Management by exception,
What is standard full production ...
9  cards
9 - Flexible budgeting
What is a fixed budget,
What is a flexible budget,
Flexed budget
12  cards
10 - Budget preparation
What are budgets,
Formal definition of a budget,
Purpose of a budget
28  cards
11 - Variance analysis
Budgeted contribution formula,
Budgeted contribution from actual...,
Actual sales minus the standard v...
13  cards
12 - Job and batch costing
What is job costing and its features,
How are unexpected costs treated ...,
What is the full production cost ...
12  cards
13 - Performance measures and service costing
Gross profit margin formula,
Net profit margin formula,
Roce formula
19  cards
14 - Cost bookkeeping
What is an integrated system,
What is an interlocking system
2  cards
15 - Risk and probability
What is risk vs uncertainty,
What is probability,
What are the types of probability
24  cards
16 - Averages and the normal distribution
Grouped data definition,
Ungrouped data definition,
How to find mode from grouped dat...
25  cards
17 - Investment appraisal
Simple interest formula,
Aer formula,
What is discounting
22  cards
mocks wrong qs
Qualities of good info,
Predetermined oar qualities,
Expected values qualities
16  cards

More about
2. BA2 CIMA

  • Class purpose General learning

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