CIMA P1 - Management accounting

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

Decks in this class (13)

Chapter 1 - Rationales for costing
What is management accounting,
What is cost accounting,
What is cost accounting useful for
27  cards
Chapter 2 - Traditional costing
What is a period cost,
What is included as part of perio...,
What is a period cost
36  cards
Chapter 3 - Activity based costing
What impact has modern production...,
What are the issues with absorpti...,
What are the issues with marginal...
20  cards
Chapter 4 - Other costing techniques
What are the 2 main types of cost...,
What is job costing,
What is batch costing
32  cards
Chapter 5 - Variance analysis
What are the 4 types of standard,
What is a variance,
What are the 3 main groups of var...
42  cards
Chapter 6 - Further variance analysis
What is the standard mix,
What is actual total sales in units,
How are the mix and quantity vari...
27  cards
Chapter 7 - Preparing budgets
What are the purposes of budgets,
What are some advantages of budge...,
What are some disadvantages of bu...
61  cards
Chapter 8 - Forecasting techniques
Why are forecasts important,
What may forecasts be prepared for,
What is the equation of a straigh...
17  cards
Chapter 9 - Budgetary control
What is budgetary control,
What is the control system,
What does the control system focu...
21  cards
Chapter 10 - Relevant costs and decision making
What are relevant costs and revenues,
What features do relevant costs a...,
What categories do non relevant c...
25  cards
Chapter 11 - Breakeven analysis
What is cost profit volume analys...,
What does cvp assess,
How is contribution calculated
18  cards
Chapter 12 - Linear programming
When are linear programming techn...,
What does linear programming involve,
What are the steps of linear prog...
18  cards
Chapter 13 - Short-term risk and uncertainty
What is the difference between ri...,
What do risk neutral decision mak...,
What are the advantages of expect...
25  cards

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CIMA P1 - Management accounting

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