Cambridge AS and A Level Accounting Notes: 9706

Financial Accounting

  1. The Accounting Cycle

Your Content Goes Here

Your Content Goes Here

Cost and Management Accounting (AS Level)

  1. Cost accounting and management accounting vs Financial Accounting
    1. Differences between Financial Accounting and Cost and Management Accounting
    2. Basic terms in Cost Accounting
    3. Cost Behaviour: Variable, Fixed and Semi-Variable Costs
    4. Types of Costs: Period, Opportunity, Sunk and Relevant costs
  2. Direct materials, indirect materials and labour
  3. Inventory valuation: Introduction
    1. IAS 2: Inventories
    2. Period-end vs Continuous inventory records
    3. Inventory valuation methods and the need for them
    4. FIFO: First In First Out
      1. FIFO: Example Question
      2. FIFO: Solution to Example Question
    5. LIFO: Last In First Out
      1. LIFO: Example Question
      2. LIFO: Solution to Example Question
    6. AVCO: Weighted Average Cost
      1. AVCO: Example Question
      2. AVCO: Solution to the Example Question
    7. Effects of different valuation methods on profit
  4. Costing for Labour
    1. Different Remuneration methods

  1. Costing for Overheads: Introduction
  2. Absorption Costing: Introduction
    1. Overhead apportionment, allocation and allotment
    2. Overhead Absorption and Overhead Absorption Rates
    3. Absorption Example: One Product and One Department
    4. Absorption Example: More than one product one department worked example
    5. Absorption of Overheads: More than one department and more than one product example
    6. Absorption of Overheads: Overhead Analysis Sheet Example
    7. Absorption of Overheads: Reapportionment of service costs with no interwork
    8. Absorption of Overheads: Question: Reapportionment of service costs where there is interwork
    9. Absorption of Overheads: Solution to Reapportionment of service costs question
    10. Under and Over Absorption
    11. Absorption Costing: Statement of Profit Format
    12. Statement of Profit Example
    13. Statements of Profit Example with Over and Under Absorption
    14. Uses and Limitations of Absorption Costing
  3. Marginal Costing: Introduction
    1. Marginal Costing: Statement of Profit or Loss
    2. Marginal Costing: Statement of Profit or Loss Worked Example
    3. Differences between marginal costing and absorption costing
    4. Uses and limitations of marginal costing

Financial Accounting (A Level)