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Chapter 1 - Costing
10 Lessons-
Start1. What is Management Accounting
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Start2. Role of Management Accountant
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Start3. Costing Definitions
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Start4. Cost classification and graphs
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Start5. High-Low Method
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Start6. Other Types of Costing Systems
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Start7. CGMA Cost Transformation Model
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Start8. Revision of Chapter 1
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StartComplete Study Notes
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StartQuiz - Costing
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Chapter 2 - Full cost techniques
17 Lessons-
Start1. How to Calculate Cost of a Unit
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Start2. The Logics of Absorbtion costing
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Start2.1. OAR Basic Example
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Start2.2. Value of Closing Inventory
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Start2.3. Different OAR Rates
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Start3. Absorbtion. Reapportionment
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Start4. Absorption Costing. Overview
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Start5. Absorbtion Costing. Under- and Over-apsorption
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Start6. Advantages and Disadvantages of Absorbtion Costing
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Start7. ABC vs Absorbtion costing example
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Start8. ABC Theory
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Start9. Cost pools and cost drivers
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Start10. ABC Benefits and drawbacks
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Start11. Revision Chapter 2. part 1
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Start12. Revision Chapter 2. part 2
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StartComplete Study Notes
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StartQuiz - Full Cost Techniques
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Chapter 3 - Marginal cost techniques
26 Lessons-
Start1. Marginal costing. Example
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Start2. Marginal Costing PnL
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Start3. Marginal Costing. Important definitions
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Start4. Marginal Costing vs Absorbtion and ABC
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Start4.1. Absorption Costing PL
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Start4.2. Marginal Costing PL
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Start5. Full Cost Pricing
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Start5.1. Question Practice Full Cost Pricing
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Start6. Marginal Cost Pricing
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Start6.1. Marginal cost plus pricing
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Start7. Profit margin vs Mark-up
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Start8. Bottleneck logics
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Start9. Throughput definitions
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Start9.1. Question Practice Throughput Profit p1
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Start9.2. Question Practice Throughput Profit p2
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Start9.3. Question Practice Throughput Profit p3
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Start10. The Logics of Throughput
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Start11. Dealing with Constraints
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Start11.1. Question Practice Bottleneck
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Start11.2. Question Practice Maximising throughput
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Start12. Measures in Throughput Accounting
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Start13. Decisions Based on Throughput
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Start13.1. Question Practice Decisions Based on Throughput
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Start14. Revision Chapter 3
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StartComplete Study Notes
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StartQuiz - Marginal Cost Techniques
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Chapter 4 - Rationale for budgets
11 Lessons-
Start1. Rationale for Budgeting
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Start2. Advantages and Disadvantages of Budgeting
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Start3. Incremental Budgeting
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Start4. ZBB
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Start5. ZBB Advantages and Disadvantages
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Start6. Rolling Budgets
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Start7. ABB
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Start8. Beyond Budgeting
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StartComplete Study Notes
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Start8. Revision Chapter 4
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StartQuiz - Rationale for Budgets
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Chapter 5 - Budgeting concepts
25 Lessons-
Start1. Budgeting Concepts. Main definitions
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Start2. Master Budget and Operational Budgets
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Start3. Impact of Inventory
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Start4. Cash Budget
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Start4.1. Question Practice Cash Budget - Receipts
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Start4.2. Question Practice Cash Budget - Payments
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Start5. Forecasting. High-Low Method
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Start6. Forecasting. Linear Regression
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Start7. Types of Correlation
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Start8. Coefficient of Correlation, Coefficient of Determination
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Start9. Limitations of Linear Regression
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Start10. Time Series Analysis
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Start11. Advantages and Disadvantages of Time Series Analysis
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Start12. Forecasting Problems
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Start13. How to Improve Budgeting
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Start13.1. Question Practice. How to Improve Budgeting. Sensitivity
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Start13.2. Question Practice. How to Improve Budgeting. Stress Testing
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Start14. Big Data
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Start14.1. Big Data Example
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Start15. The Use of Big Data
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Start16.1 Revision Chapter 5, p1
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Start16.2 Revision Chapter 5, p2
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Start16.3 Revision Chapter 5, p3
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StartComplete Study Notes
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StartQuiz - Budgeting Concepts
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Chapter 6 - Short - term decision making
21 Lessons-
Start1. Absorption vs Marginal Costing in Decision Making
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Start2. Relevant Costs
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Start3. Non-Relevant Costs
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Start4. Relevant Cost of Inventory
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Start5. Relevant Cost of Labour
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Start6. Relevant Cost of Machinery
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Start7. Relevant Cost of Overheads
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Start8. Accounting Principles and Decision Making
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Start9. Accept vs Reject and Minimum Price
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Start10. Make vs Buy
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Start11. Make vs Buy - Other Factors
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Start12. Cost to Discontinue
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Start12.1. Cost to Discontinue p1
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Start12.2. Cost to Discontinue p2
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Start13. Further Processing Decisions
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Start14. Short-Term Decisions. Other Factors
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Start15.1 Revision Chapter 6 p1
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Start15.2 Revision Chapter 6 p2
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Start15.3 Revision Chapter 6 p3
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StartComplete Study Notes
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StartQuiz - Short Term Decision Making
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Chapter 7 - Models for decision making
11 Lessons-
Start1. CVP Cost Volume Profit Analysis (9:33)
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Start2. Level of Activity Required (5:44)
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Start3. Breakeven chart (8:09)
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Start4. Multiproduct Breakeven (6:57)
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Start5. Multiproduct Breakeven Chart (6:56)
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Start6. Limitations of Breakeven Analysis (5:00)
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Start7. The Use of Data and Technology (9:25)
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Start8.1 Revision Chapter 7 p1
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Start8.2 Revision Chapter 7 p2
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StartComplete Study Notes
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StartQuiz - Models for decision making
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Chapter 8 - Limiting factor analysis
12 Lessons-
Start1. Limiting Factor Analysis (16:28)
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Start2. Shadow Price (3:44)
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Start3. Throughput vs Limiting (13:37)
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Start4. The Need for Linear Programming (7:09)
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Start5. Graphs in Linear Programming (14:49)
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Start6. Simultaneous Equations (5:30)
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Start7. Sumaltaneous Equations and Shadow Price (9:29)
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Start8. Assumptions and Limitations of Linear Programming (6:21)
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Start9.1 Revision Chapter 8 p1
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Start9.2 Revision Chapter 8 p2
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StartComplete Study Notes
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StartQuiz - Limiting factor analysis
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Chapter 9 - Risk and uncertainty in decision making
15 Lessons-
Start1. Risk and Uncertainty (16:16)
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Start2. Types of Decision Makers (4:41)
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Start3. Minimax Regret Rule (7:16)
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Start4. Why Variability is Important (4:45)
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Start5. Standard Deviation (3:50)
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Start6. Coefficient of Variation (4:38)
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Start7. Perfect Information (7:55)
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Start8. Joint Probabilities (7:01)
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Start9. Decision Trees (17:30)
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Start10. Sensitivity Analysis Example (11:08)
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Start11. Sensitivity Analysis Theory (3:46)
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Start12. Sensitivity Analysis. Further Examples (15:29)
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Start13. Other Techniques to Deal with Uncertainty (3:03)
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StartComplete Study Notes
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StartQuiz - Risk and uncertainty in decision making
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Chapter 10 - Budgetary control
9 Lessons-
Start1. Fixed vs Flexible vs Flexed Budgets (8:06)
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Start2. Responsibility Accounting (11:25)
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Start3. Controllable Costs (8:19)
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Start4. Feedback Control (5:07)
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Start5. Feedforward Control (3:51)
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Start6. Behavioral Problems of Control - P1 (8:03)
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Start7. Behavioral Problems of Control - P2 (13:11)
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StartComplete Study Notes
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StartQuiz - Chapter 10 - Budgetary control
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Chapter 11 - Standard costing and variance analysis
30 Lessons-
Start1. About Variance Analysis
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Start2. Definitions
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Start3. Standards
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Start4. Impact of Inflation
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Start5. Standards at NFPO and Serivce Companies
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Start6. Important Notes on Variances
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Start7. Material Variances (5:37)
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Start8.1 Question Practice Material Variances - P1
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Start8.2 Question Practice Material Variances - P2 (5:22)
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Start9. Labour Rate Variance (10:05)
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Start10. Labour Efficiency and Capacity Variance (11:44)
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Start11. Variable OHD Variances (10:06)
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Start12. Fixed OHD Variances (5:07)
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Start13. Question Practice. Fixed OHD Variances (17:22)
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Start14. Sales Variances (5:43)
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Start15. Question Practice. Sales Variances (9:15)
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Start16.1. Question Practice. Budget and Flexed Budget - P1 (13:38)
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Start16.2. Question Practice. Actual and Variances - P2 (7:48)
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Start16.3. Question Practice. Materials and Labour Variances - P3 (9:57)
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Start16.4. Question Practice. Fixed and Variable OHD Variances - P4 (4:41)
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Start16.5. Question Practice. Sales Variances and Overall Result - P5
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Start17. Marginal Costing Operating Statement (6:23)
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Start18.1. Question Practice. Fixed OHD Variances - P1 (13:45)
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Start18.2. Question Practice. Sales Variances and Overall Result - P2 (6:05)
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Start19. Absorption Costing Operating Statement (3:39)
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Start20. Working Backwards (4:56)
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Start21. Causes of the Variances
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Start22. When to Investigate Variances
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StartComplete Study Notes
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StartQuiz - Standard costing and variance analysis
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Chapter 12 - Further variance analysis
12 Lessons-
Start1. Sales Volume Variance Analysis (6:57)
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Start2. Sales Mix. Individual Units Method (7:26)
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Start3. Sales Mix, Weighted Average Method (9:39)
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Start4. Methods Comparison (4:53)
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Start5. Sales Quantity Variance (7:57)
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Start6. Sales Quantity Variance - Different Method (4:36)
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Start7. Benefits of Sales Mix and Quantity Variances (8:32)
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Start8. Planning Variances (5:02)
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Start9. Planning Variances and Several Changes (6:41)
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Start10. Benefits and Drawbacks of Planning Variances (3:57)
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StartComplete Study Notes
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StartQuiz - Further variance analysis
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