A 1hr 30 minute exam with 10 minute reading time covering all learning outcomes.

Profitability, cost behavior analysis, fixed and semi-fixed variable costs, the high-low method, cost forecasting, variable costing, margin on variable costs, differential cost in accounting, determining the profitability threshold, calculating the break-even point, margin of safety, marginal cost, margin analysis, calculating marginal cost, relationship between average cost and marginal cost, technical and economic optimum, company performance, flexible budgets and predetermined overhead rates, objectives and applications, structuring, direct costs analysis, relationship between marginal cost and average cost.

1) analyse the behaviour of variable, fixed and semi-variable costs.
Analysis

2) calculate the profitability threshold and develop a flexible budget.
Knowledge & Understanding

3) measure the performance of a company and analyse the differences between forecasted revenues and direct costs.
Problem Solving

The module content will be delivered over 40 hours consisting of 28 hours of lectures and 12 hours of tutorials.

A non-programmable scientific calculator

• CIMA CO1 Fundamentals of Management Accounting Study Text, Kaplan Publishing, 2015, 978-1784152819
• CIMA P1 Performance Operations Study Text, Kaplan Publishing, 2013, 978-0857329752
• CIMA P2 Advanced Management Accounting: Exam Practice Kit, BPP Learning Media, 2017, 978-1509715800
• Seal, W., Rohde, C., Garrison, R, and Noreen, E., Management Accounting, McGraw-Hill, 2015, 978-0077157500
• Weetman, P., Management Accounting, Prentice Hall, 2010, 978-0273718451
• Drury, C., Management Accounting for Business., Cengage Learning EMEA, 2016, 978-1408093818