P1 Management Accounting

Learning Outcomes

• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.

• How budgets are prepared and implemented across the organization, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools
  • Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.
  • How budgets are prepared and implemented across the organization, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.

Syllabus Structure

The syllabus comprises the following topics and weightings:
30%
25%
30%
15%
Cost Accounting for decision and control
Budgeting and budgetary control
Short term commercial decision making
Risk and uncertainty in the short term
30%

25%

30%

15%

Cost Accounting for decision and control
Budgeting and budgetary control
Short term commercial decision making
Risk and uncertainty in the short term
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P1 Lecturer

Devni Wickramasinghe

ACMA CGMA, MBA (UWL), BSc First Class

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