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Level 6 Diploma in Accounting and Business

Target Costing and Life-Cycle Costing

AB602 · Business Performance Measurement — Week 7 of 16

CourseAB602
Week7 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Target Costing and Life-Cycle Costing

  1. Target cost gap derivation
  2. Value engineering
  3. Whole-life asset management
  4. Cradle-to-grave cost allocation
  5. CIMA P2 Target costing
  6. Life cycle costing (part 1) - ACCA Performance Management (PM)
  7. Life cycle costing (part 2) - ACCA Performance Management (PM)

What you will be able to do

  • 3.2 Assess how target costing and life-cycle costing are used by business organisations.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: assess how target costing and life-cycle costing are used by business organisations.

Study materials

Videos

  • CIMA P2 Target costing · YouTube · OpenTuition · 28 min · for registered students
  • Life cycle costing (part 1) - ACCA Performance Management (PM) · YouTube · OpenTuition · 8 min · for registered students
  • Life cycle costing (part 2) - ACCA Performance Management (PM) · YouTube · OpenTuition · 14 min · for registered students

Further resources

  • Should Cost Modelling guidance note (UK Government Commercial Function) · PDF · GOV.UK, guidance; 24 pages · for registered students
  • The Sourcing Playbook (UK Government Commercial Function) · PDF · GOV.UK, guidance; 78 pages · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 6Midterm
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Foundations of Performance Measurement
  • Week 2: Data Infrastructure and External Influences
  • Week 3: Performance Analysis in For-Profit Organisations
  • Week 4: Not-for-Profit and Public Sector Performance
  • Week 5: Divisional Performance Measurement
  • Week 6: Activity-Based Costing and Management
  • Week 7: Target Costing and Life-Cycle Costing
  • Midterm: Midterm evaluation
  • Week 9: Throughput and Environmental Management Accounting
  • Week 10: Transfer Pricing in Divisionalised Organisations
  • Week 11: Performance Reporting and Stakeholder Communication
  • Week 12: Applying Business Performance Measurement in practice: case…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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