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Level 4 AAT - Applied Management Accounting

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

By: Oliver Webb
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Decks in this class (7)

management accounting – the basics
 Revision of costing  Classifying costs  Classifying costs by nature  Classifying costs by function  Classifying costs by behaviour  Capital versus revenue expenditure  Cost units and cost centres  Other types of responsibility centres
26  cards
introduction to budgeting
 Budgeting  The budgeting process  The budget cycle  Impact of budgets  Participation in the budgetary process  Types of budgeting systems
53  cards
Identifying budget data
 Budgetary data  Sources of data  Forecasting
7  cards
preparing budgets
 Standard costs  The standard cost card  Setting and using standards  Functional budgets  Preparing functional budgets  Proforma layouts for functional budgets  Cash budgets  Capital budgets  Some further budgeting questions:  Adjusting budgets  Changing budgetary assumptions  Explaining budgets  Operating statement budget
27  cards
forecasting - statistical techniques
 Improving budgets  Time series analysis  Finding the trend line – method of least squares  Expected values and sensitivity  Index numbers  Uncertainty in forecasts  The product life cycle  Reliability of forecasts
30  cards
financial performance indicators
 Financial performance  Profitability ratios  Revenue ratios  Cost ratios  Liquidity ratios  Using ratio figures
19  cards
Causes of Variance (AAT module)
material price variance bullet material usage variance bullet labour rate variance bullet labour efficiency variance bullet fixed overhead expenditure variance bullet fixed overhead volume variance.
17  cards

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Level 4 AAT - Applied Management Accounting

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