What you will learn:
This course covers the following costing topics;
- NATURE, CLASSIFICATION AND ALLOCATION OF COST
- Nature and classification of cost
- Variable and absorption costing
- Activity-based costing (ABC)
- PRODUCT COSTING SYSTEMS
- Job costing
- Process costing
- Joint and by-product costing
- PLANNING, BUDGETING AND CONTROL
- Budgeting and management control systems
- Other cost management techniques/principles
- Cost-volume-profit analysis
- STANDARD COSTING
- Variance analysis
- Reconciliation of budget to actual
- Variance analysis for controlling purposes
- Pro-rating of variances and compliance with the relevant accounting standard
- PERFORMANCE MEASUREMENT
- Divisional financial performance measures
- Transfer pricing in divisional companies
- INFORMATION APPLICATION TO DECISIONS
- Relevant costs and revenues for decision-making
- Pricing decisions and profitability analysis
- INFORMATION FOR DECISION-MAKING
- Decision-making under conditions of risk and uncertainty
Who is this for?
These study resources are designed to provide support to all students preparing for CTA and SAICA ITC examinations.
No Assignment Guides
No Study Notes
Break Even Point
Duration: 27 minutes
This session is suitable for CTA level 1 & CTA level 2. In this session you will learn how to:
- Calculate and interpret the break-even point and margin of safety of a business under different scenarios and advise management based on your calculations.
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R35
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