Modern costing methods
Activity based costing, target costing and lifecycle costing, and when each gives a better answer than absorption costing.
Included with membership
Mai Studies Original · Accounting & Finance
ACCA Study Support: Performance Management (PM)
A Mai Studies study-support programme written for learners preparing for the ACCA Applied Skills paper Performance Management. Every module contains original written notes with worked numerical examples, a tutor-voice classroom transcript, a practical activity with a worked solution, a mock test with explained answers and a marked written assignment. Mai Studies is an independent provider: it is not ACCA, is not an ACCA Approved Learning Partner, and this programme carries no exam credit or exemption.
10 weeks 60 guided hours Intermediate
No account needed to buy. Pay with your card and we create your student account from the email you enter, with this programme ready inside it for twelve months.
What you will achieve
- Apply activity based, target and lifecycle costing to a product decision
- Identify relevant costs and use them in short-term decisions
- Apply cost volume profit analysis and limiting factor analysis
- Prepare and interpret budgets, including flexed budgets
- Calculate and interpret sales, material, labour and overhead variances
- Evaluate divisional and non-financial performance measures
Entry guidance
- — Comfortable with basic costing and arithmetic
- — Access to a spreadsheet
- — Around six study hours each week
Original Mai Studies learning material. This is a professional completion programme, not a regulated qualification or university accreditation.
Programme syllabus
6 applied modules
4h
Relevant costing and short-term decisions
Which costs matter for a decision, and applying them to make or buy, accept or reject and shutdown questions.
Cost volume profit and limiting factors
Breakeven, margin of safety, multi-product analysis and ranking products by contribution per unit of scarce resource.
Pricing decisions
Cost plus, market based and strategic pricing, elasticity, and pricing over the life of a product.
Budgeting and budgetary control
Budget types and behaviour, flexed budgets, and using variances from a flexed budget to control operations.
Variance analysis and performance measurement
Calculating and interpreting variances, then measuring divisional and non-financial performance without distorting behaviour.
What students say
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