CIMA Official Learning System Relevant for Computer-Based Assessment
C1— Fundamentals of Management Accounting CIMA Certificate in Business Accounting Janet Walker
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Contents The CIMA Learning System How to use your CIMA Learning System Guide to the Icons used within this text Study technique Computer-Based Assessment Fundamentals of Management Accounting and Computer-Based Assessment Learning Outcomes and Indicative Syllabus Content
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Basic Aspects of Cost Accounting Learning Outcomes Introduction Why organisations need costing systems What is meant by ‘cost’? Cost units 1.4.1 Composite cost units 1.5 Cost centres 1.6 Cost objects 1.7 Classification of costs 1.7.1 Classification of costs according to their nature 1.7.2 Classification of costs according to their purpose: direct costs and indirect costs 1.8 Elements of cost 1.9 Cost behaviour 1.9.1 Fixed cost 1.9.2 Variable cost 1.9.3 Semi-variable cost 1.9.4 Analysing semi-variable costs 1.9.5 Using historical data 1.9.6 The importance of time scale in analysing cost behaviour 1.10 Summary 1.1 1.2 1.3 1.4
Revision Questions Solutions to Revision Questions
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Accounting for the Value of Inventories 2.1 2.2 2.3 2.4 2.5
Learning Outcomes Introduction Valuing inventory at cost First in, first out (FIFO) Last in, first out (LIFO) Cumulative weighted average (AVCO) iii
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