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Lucy Bishop
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Decks in this class (14)
1. Marginal and Absorption Costing
What is cost accounting,
What two things does the valuatio...,
What are the 6 elements of the cg...
15
cards
2. Activity Based Costing
Why is activity based costing use...,
What is activity based costing,
What is a cost driver
13
cards
3. The Modern Environment
What are the three significant de...,
What are the principle changes re...,
What is the cost of quality
32
cards
4. Introduction to Budgeting
What are the 5 benefits of budgeting,
What are the three methods of for...,
What are the 4 components used in...
13
cards
5. Budget Preparation
What does the master budget consi...,
What is the first step in the bud...,
What is the principle budget factor
5
cards
6. Budgets: Control and Performance
What is incremental budgeting,
What are the advantages of increm...,
What are the disadvantages of inc...
29
cards
7. Standard Costing and Variances
What are the 4 uses of standard c...,
How can we identify the standard ...,
How can we identify the standard ...
36
cards
8. Other Variances
When is it useful to break volume...,
What is the equation for sales mi...,
What is the equation for sales qu...
12
cards
9. Relevant Costing
What are relevant costs,
What types of cost are not relevant,
What is the deprival value of a n...
6
cards
10. Short-term decision making
What is the minimum price for a o...,
What costs should an organisation...,
What costs should an organisation...
10
cards
11. Uncertainty and Risk
What is uncertainty,
What is risk,
What methods can be used to deal ...
21
cards
12. Pricing Decisions
What are the 4 types of cost that...,
What are the pros and cons of usi...,
What are the benefits of using re...
10
cards
13. Breakeven Analysis
What is the equation for the numb...,
What is the equation for revenue ...,
What is the margin of satefy
15
cards
14. Limiting Factors
What is a limiting factor,
What are the 4 steps in identifyi...,
What technique is used when there...
11
cards
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CIMA - P1
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