This class was created by Brainscape user Oliver Palmer. Visit their profile to learn more about the creator.

Decks in this class (12)

8) Forecasting techniques
Linear regression equation to fin...,
Equation of a line and define var...,
Adjust for inflation use cost ind...
6  cards
11) Breakeven analysis
Calculate breakeven revenue when ...,
On a break even chart the interse...,
In what order are products drawn ...
3  cards
13) Risk and uncertainty in the short-term
Minimax regret rule what does is ...,
Maximax rule what does is find wh...,
Maximin rule what does is find ho...
12  cards
10) Relevant costs and decision making
Relevant cost of labour,
What 2 assumptions are made when ...,
How do you decide whether to make...
4  cards
4) Other costing techniques
Define throughput contribution,
Rank in what order products shoul...,
Cost per factory hour calculate
10  cards
1) Rationales for costing
High low method to separate semi ...,
When valuing inventory for financ...
2  cards
11) Breakeven analysis
Revenue required to reach target ...
1  cards
2) Traditional costing
Over under absorption of fixed ov...,
Overhead absorption rate oar calc...,
Reconcile absorption vs marginal ...
3  cards
6) Further variance analysis
Labour rate operational variance ...
1  cards
7) Preparing budgets
Value purchases of material made ...,
What type of budget provides a fi...
2  cards
0) Overview P1
Name the 4 syllabus areas,
Cost accounting for decision and ...,
Budgeting and budgetary control s...
4  cards
5) Variance analysis
Fixed overhead efficiency varianc...,
Fixed overhead capacity variance ...,
Labour rate variance did should p...
10  cards

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CIMA P1

  • Class purpose General learning

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CIMA P1 Notes
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