Indicative Content |
Introduction to Marginal Costing
Cost behaviour.
High-low linear regression technique.
Breakeven analysis including break-even point, margin of safety, contribution margin, profit-volume analysis.
Graphical CVP analysis.
Limiting factor decisions.
Limitations of CVP analysis.
Practical excel application.
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Marginal and Absorption Costing Systems
Stock valuation and preparation of profit statements using both systems.
Comparison and reconciliation of profits under both systems.
Both systems compared.
Practical excel application.
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Budgeting
Role and purposes of budgeting.
Conflicting role of budgets.
Budgeting administration and procedures.
Preparation of functional, cash and financial position budget statements.
Criticisms of budgeting.
Practical excel application.
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Budgetary Control
Flexible budgeting.
Flexible budgeting variance analysis and interpretation.
Standard costing.
Standard costing variance analysis and interpretation.
Performance reports.
Practical excel application.
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SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Resources
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Recommended Book Resources |
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Colin Drury and Mike Tayles. (2021), Management and Cost Accounting, 11th Ed. 26, Cengage Learning, [ISBN: 9781473773615].
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Supplementary Book Resources |
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Gail Sheppard. (2011), Management Accounting, A Practical Approach, 1st Ed. 12, Gill Education, p.300, [ISBN: 9780717149964].
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Peter Clarke. (2016), Managerial Accounting: Costing, Decision-Making and Control, 3rd Ed. 16, Chartered Accountants Ireland, [ISBN: 9781910374672].
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This module does not have any article/paper resources |
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Other Resources |
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, Colin Drury. Student Resources,
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, CIMA. Research and Insight,
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