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CIMA P1 - Management accounting

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

By: Sam Chamberlain
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Decks in this class (14)

Chapter 1 - Rationales for costing
What is management accounting,
What is cost accounting,
What is cost accounting useful for
29  cards
Chapter 2 - Traditional costing
What is a period cost,
What is included as part of perio...,
What is a period cost
38  cards
Chapter 3 - Activity based costing
What impact has modern production...,
What are the issues with absorpti...,
What are the issues with marginal...
22  cards
Chapter 4 - Other costing techniques
What are the 2 main types of cost...,
What is job costing,
What is batch costing
34  cards
Chapter 5 - Variance analysis
What are the 4 types of standard,
What is a variance,
What are the 3 main groups of var...
48  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...
28  cards
Chapter 7 - Preparing budgets
What are the purposes of budgets,
What are some advantages of budge...,
What are some disadvantages of bu...
65  cards
Chapter 8 - Forecasting techniques
Why are forecasts important,
What may forecasts be prepared for,
What is the equation of a straigh...
18  cards
Chapter 9 - Budgetary control
What is budgetary control,
What is the control system,
What does the control system focu...
24  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...
28  cards
Chapter 11 - Breakeven analysis
What is cost profit volume analys...,
What does cvp assess,
How is contribution calculated
19  cards
Chapter 12 - Linear programming
When are linear programming techn...,
What does linear programming involve,
What are the steps of linear prog...
24  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
Mock exam mistakes
How is production budget calculated,
What is goal congruence,
How is labour
33  cards

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CIMA P1 - Management accounting

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