This week’s topics
Strategic Cost Management and Systems Design
- Activity-based costing (ABC)
- Target costing and life-cycle costing
- Cost behaviour and allocation models
- Strategic alignment of costing infrastructure
- CIMA P2 Activity Based Costing & Activity Based Management
- CIMA P2 Target costing
- Marginal and relevant costing; ABC - ACCA Strategic Business Leader (SBL)
What you will be able to do
- 1.1 Critically analyse the concepts, features and importance of cost accounting in an organisation.
- 1.2 Apply tools of costing design and costing systems to an organisation.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: critically analyse the concepts, features and importance of cost accounting in an organisation.
Study materials
Videos
- CIMA P2 Activity Based Costing & Activity Based Management · YouTube · OpenTuition · 40 min · for registered students
- CIMA P2 Target costing · YouTube · OpenTuition · 28 min · for registered students
- Marginal and relevant costing; ABC - ACCA Strategic Business Leader (SBL) · YouTube · OpenTuition · 26 min · for registered students
Further resources
- An Empirical Study of Activity-Based Systems in Ireland · PDF · Reading, article · for registered students
- Principles of Accounting, Volume 2: Managerial Accounting, ch. 6: Activity-Based, Variable, and Absorption Costing · PDF · OpenStax, textbook chapter; pp. 279–326 · for registered students
- Managerial Accounting, ch. 5: How Do Organizations Identify Cost Behavior Patterns? · PDF · Saylor Academy, textbook chapter; pp. 246–312 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
