P1 Textbook Syllabus
SearchSyllabus A
Cost Accounting For Decision And Control
A1Different Rationales For Costing
Purpose and role
Financial vs Management accounting
Strategic, Tactical and Operational planning
Cost Transformation And Management
Cost, profit, investment and revenue centres
A2Costing Concepts
Cost Classification
Types Of Cost Behaviour
Production Costs And Non-Production Costs
Different Elements Of Production Cost
Different Elements Of Non Production Costs
Costing in Different Organisations
Costing Digital Products
A3Costing Methods
Absorption Costing
Absorption and Marginal Costings
The Concept Of Contribution
Profit or Loss
Reconcile The Profits Or Losses
Calculating and Interpreting a TPAR
By-Products & Joint Products
Accounting By-Products & Joint Products
Value By-Products & Joint Products
Activity Based Costing (ABC)
A3Standard Costing
Standard Costs
Methods Used To Derive Standard Costs
Materials Total, Price And Usage Variances
Labour Total, Rate And Efficiency Variance
Variable Overhead Total, Expenditure And Efficiency Variance
Fixed Overhead Total, Expenditure, Volume, Capacity And Efficiency Variance
Sales Price And Volume Variance
Sales Mix and Quantity Variances
Planning and Operational Variances for sales
Planning and Operational Variances for material & labour
Backwards Variances
Investigating variances
Syllabus B
Budgeting
B1Different Rationales For Budgeting
Why Organisations Use Budgeting
Advantages And Disadvantages Of Implementing Budgets
Planning And Control Cycle
Stages In The Budgeting Process
Motivation In Performance Management
Impact of External Factors on Budgeting
1:09
B2Prepare Budgets
Types of Budgetary Systems
Principal budget factor
Sales & Functional budgets
Master budgets
Cash Budgets
Syllabus C
Short-term Decision Making
C1Product Mix Decisions
Limiting factor
Optimal Production Plan - ranking
1:25
Linear programming
Shadow Prices
Slack
C2Relevant Costing
Concept of Relevant Costing
Relevant Cost of Materials
Relevant Cost of Labour
Relevant Cost Of Machinery
Syllabus D
Dealing With Risk And Uncertainty