CIMA Certificate Paper C1 - Fundamentals Of Management Accounting - Study Text.pdf - CIMA - Fundamentals - C1-C2-C3-C4-C5 (Suitable for Exams in 2010 & 2011) - sir_luksik

Certificate Paper C1

FUNDAMENTALS OF

MANAGEMENT ACCOUNTING

For assessments in 2010 and 2011

Study Text

In this February 2010 new edition

•

Auser-friendly format for easy navigation

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Regularfast forward summaries emphasising the key points in each chapter

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Assessment focus points showing you what the assessor will want you to do

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Questions and quick quizzes to test your understanding

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Question bank containing objective test questions with answers

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A full index

BPP Learning Media's i-Pass product also supports this paper.

FOR ASSESSMENTS IN 2010 and 2011

This text has been fully updated for IAS 1 (revised). However the latest

information from CIMA is that this will not be assessed until Autumn

2010. At this level the main changes are in terminology. Therefore

students taking their Computer Based Assessments before Autumn 2010

should refer to the list of terms on page xx.

First edition June 2006

Third edition February 2010

A note about copyright

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reproduce past examination questions. The suggested

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2010

Contents

Page

Introduction

The BPP Learning Media Study Text – The BPP Learning Media Effective Study Package – Help yourself

study for your CIMA assessment – Learning outcomes and Syllabus – The assessment – Tackling multiple

choice questions – Tackling objective test questions – International terminology

Part A Cost determination and behaviour

Introduction to management accounting and costing.................................................................................................................. 3

Cost behaviour.......................................................................................................................................................................... 33

Overhead costs – absorption costing........................................................................................................................................ 49

Marginal costing and pricing decisions .................................................................................................................................... 83

Inventory valuation.................................................................................................................................................................. 103

Breakeven analysis and limiting factor analysis ...................................................................................................................... 119

Part B Standard costing

Standard costing..................................................................................................................................................................... 149

Variance analysis .................................................................................................................................................................... 169

Part C Financial planning and control

9 Budget preparation.................................................................................................................................................................. 199

10 Flexible budgeting .................................................................................................................................................................. 225

Part D Costing and accounting systems

11 Cost bookkeeping ................................................................................................................................................................... 239

12 Process costing ...................................................................................................................................................................... 263

13 Job, batch and contract costing .............................................................................................................................................. 299

14 Service costing ...................................................................................................................................................................... 331

Question bank (computer-based assessment) .................................................................................................... 349

Answer bank (computer-based assessment) ........................................................................................................ 373

Index ............................................................................................................................................................................................. 399

Review form and free prize draw

iii

The BPP Learning Media Study Text

Aims of this Study Text

To provide you with the knowledge and understanding, skills and application techniques that you need if you are

to be successful in your exams

This Study Text has been written around the Fundamentals of Management Accounting syllabus.

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It is comprehensive . It covers the syllabus content. No more, no less.

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It is written at the right level . Each chapter is written with CIMA's precise learning outcomes in mind.

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It is targeted to the assessment . We have taken account of guidance CIMA has given and the assessment

methodology.

You may be studying at home on your own until the date of the exam, or you may be attending a full-time course. You

may like to (and have time to) read every word, or you may prefer to (or only have time to) skim-read and devote the

remainder of your time to question practice. Wherever you fall in the spectrum, you will find the BPP Learning Media

Study Text meets your needs in designing and following your personal Study Plan.

To tie in with t he other components of th e BPP Learning Media Ef fective Study Package t o ensure you have t he

best possible chance of passing the exam (see page (v) )

Learning to Learn Accountancy

BPP Learning Media's ground-breaking Learning to Learn Accountancy book is designed to be used both at the outset of

your CIMA studies and throughout the process of learning accountancy. It challenges you to consider how you study and

gives you helpful hints about how to approach the various types of paper which you will encounter. It can help you focus

your studies on the subject and exam , enabling you to acquire knowledge , practise and revise efficiently and

effectively .

Introduction

To allow you to study in the way that best suits your learning style and the time you have available, by following

your personal Study Plan (see page (vii) )

CIMA Certificate Paper C1 - Fundamentals Of Management Accounting - Study Text.pdf

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