This course has been designed for students studying Managerial Accounting at the under-graduate or post-graduate level.The topics covered are - Variable, Absorption and Activity Based Costing systems.
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About this course
The fundamental application of variable and fixed costs under variable and absorption costing
Increasing and decreasing closing stock levels under variable and absorption costing. Effect of changing stock levels to the Income statement and the Balance sheet
How to apply pre-determined recovery rates under absorption and variable costing systems
How to reconcile absorption profit to absorption profit over two periods as well as variable to variable and absorption to variable profit
Activity Based costing methodology and the application of manufacturing costs to cost drivers and to cost pools. Comparison of ABC profit to variable and absorption profit
How to read and answer examination questions. I will take you through several ABC questions with increased difficulty, teaching you how to integrate other managerial accounting topics into ABC, variable costing and absorption costing
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This centre's achievements
2021
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 6 years
Subjects
Balance Sheet
Teaching
Production
Course programme
Variable and Absorption costing
5 lectures02:07:55Foundational example for variable and absorption costing. This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costingChange in closing stock levels and effect on the Income statement. Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.
Pre-determined recovery rates under Absorption costing. Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.
Analysis of different valuation methods for closing stock. Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.
Reconciliation methods for Variable and Absorption costing Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.
Variable and Absorption costing
5 lectures02:07:55Foundational example for variable and absorption costing. This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costingChange in closing stock levels and effect on the Income statement. Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.
Pre-determined recovery rates under Absorption costing. Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.
Analysis of different valuation methods for closing stock. Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.
Reconciliation methods for Variable and Absorption costing Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.Foundational example for variable and absorption costing. This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costing
Foundational example for variable and absorption costing. This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costing
Foundational example for variable and absorption costing. This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costing
Foundational example for variable and absorption costing. This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costing
This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costing
This first video will teach you the fundamental application of variable and fixed costs under variable and absorption costing
Change in closing stock levels and effect on the Income statement. Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.Change in closing stock levels and effect on the Income statement. Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.Change in closing stock levels and effect on the Income statement. Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.Change in closing stock levels and effect on the Income statement. Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.Video 2 will teach you how to deal with increasing and decreasing closing stock levels under both variable and absorption costing. You will also learn how to address the effect on the Income statement and the Balance sheet to changes in stock levels.Pre-determined recovery rates under Absorption costing. Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.Pre-determined recovery rates under Absorption costing. Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.Pre-determined recovery rates under Absorption costing. Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.Pre-determined recovery rates under Absorption costing. Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.Video 3 is on pre-determined recovery rates. You will learn how to apply fixed costs to production and how to adjust the income statement by the under or over recovery of fixed costs.Analysis of different valuation methods for closing stock. Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.Analysis of different valuation methods for closing stock. Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.Analysis of different valuation methods for closing stock. Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.Analysis of different valuation methods for closing stock. Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.Video 4 is on the allocation of fixed cost to the closing stock using actual, pre-determined and standard costing. We will also compare the variable income statement to the absorption costing income statement.Reconciliation methods for Variable and Absorption costing Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.Reconciliation methods for Variable and Absorption costing Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.Reconciliation methods for Variable and Absorption costing Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.Reconciliation methods for Variable and Absorption costing Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.Video 5 will teach you how to reconcile absorption profit to absorption profit over 2 periods as well as variable to variable and absorption to variable profit. Finally you will learn how variable costing relates to CVP.
Activity Based Costing
3 lectures01:33:14Developing the ABC model. Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.
ABC principles illustrated. Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.
Illustrative examples Video 8 is about complexity. You will learn how to deal with and answer tutorial / examination questions that carry a higher degree of difficulty and integrate other topics.
Activity Based Costing.
3 lectures01:33:14Developing the ABC model. Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.
ABC principles illustrated. Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.
Illustrative examples Video 8 is about complexity. You will learn how to deal with and answer tutorial / examination questions that carry a higher degree of difficulty and integrate other topics.Developing the ABC model. Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.Developing the ABC model. Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.Developing the ABC model. Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.Developing the ABC model. Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.Video 6 - Activity Based costing. I will teach you the ABC methodology and take you through a detailed example teaching you how apply cost drivers to cost pools and thereafter allocate to the products. We will also compare ABC profit to variable and absorption profit.ABC principles illustrated. Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.ABC principles illustrated. Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.ABC principles illustrated. Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.ABC principles illustrated. Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.Video 7 will take you through two examples to illustrate and apply ABC principles. One of the examples is a CIMA past question.Illustrative examples Video 8 is about complexity. You will learn how to deal with and answer tutorial / examination questions that carry a higher degree of difficulty and integrate other topics.Illustrative examples Video 8 is about complexity
Additional information
You need to have basic Financial Accounting knowledge at the first year level