Overview

This module encompasses marginal costing techniques; absorption costing techniques; the comparison of marginal and absorption costing profit statements; and cash budgets.

This module encompasses marginal analysis; full costing; marginal and costing profit statements; and cash budgets.

Assessment Strategy

-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

-good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

-excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

Learning Outcomes

• Be able to classify, estimate and allocate costs and overheads.

• Be able to prepare a cash budget and be able to understand how they are used for planning and control.

• Be able to solve management accounting problems by using quantitative analysis techniques such as Linear Programming.

• Communicate ideas clearly and confidently.

• Understand the difference between Marginal and Absorption Costing and be able to prepare their Profit Statements.

• Understand the relationships between cost, volume and profit.