Costs and Revenues

Date Received:

Student name:

Tutor name:

AAT units completed (circle): ACPR FSTP ITAX SDST PETH

Special considerations:

Class Dates:

Eve 1 / Exam date
Eve 2
Eve 3
Eve 4
Eve 5
Eve 6
Eve 7
Eve 8
Eve 9 / Resit date if required:
Eve 10

Learning Outcomes of the unit:

  1. Understand the nature and role of costing systems within an organisation
  2. Record and analyse cost information
  3. Apportion costs according to organisational requirements
  4. Analyse deviations from budget and report these to management
  5. Be able to use information gathered from costing systems to assist decision-making

During the course you will also learn and practice:

  • Commercial awareness
  • Decision making
  • Problem solving
  • Time management
Session / Location / Overview and learning outcomes / Est.time / Test score
Evening 1 / In Class / Overview of the course: CSTR
Purpose of Management Accounting.
Learning Outcome: 1, 2
Cost classification.
Learning outcome: 1, 2, 5
Cost classification calculations.
Learning Outcome: 1, 2, 5 / N/A
Before Evening 2 / Homework / Material documentation:
E-learning via MyKaplan (and textbook) / 30 min
Reflection / Topics to focus on:
Evening 2 / In Class / Materials – Inventory control
Learning Outcome: 2
Case Study: Task 1 from email. / N/A
Before Evening 3 / Homework / Progress Test 1 / 30-60 min
Reflection / Topics to focus on:
Evening 3 / In Class / Materials – Inventory record cards.
Learning Outcome: 2
Materials – Inventory bookkeeping.
Learning Outcome: 2
Case study: Task 2 from email. / N/A
Before Evening 4 / Homework / Expenses:
E-learning via MyKaplan (and textbook) plus TQB Q19 and Q20 / Approx.
30 min
Reflection / Topics to focus on:
Evening 4 / In Class / Labour.
Learning Outcome: 2
Case study: Task 3 from email.
Basic variance analysis.
Learning Outcome: 4
Case Study: Task 4 from email. / N/A
Before Evening 5 / Homework / Progress Test 2 / Approx.
1 hour
Reflection / Topics to focus on:
Evening 5 / In Class / Overheads.Learning Outcome: 1, 3
Case Study: tasks 5 and 6 from email. / N/A
Before Evening 6 / Homework / Job, batch and service costing:
E-learning via MyKaplan (and textbook) plus TQB Q26, Q27 and Q28 / Approx.
30 min
Reflection / Topics to focus on:
Evening 6 / In Class / Process costing: Normal loss, abnormal loss, abnormal gain.Learning Outcome: 2
Case study: Task 1 – First email
Process costing: Equivalent units/CWIP.
Learning Outcome: 2
Case study: Task 2 – Second email
Process costing: OWIP using AVCO and FIFO.
Learning Outcome: 2 / N/A
Before Evening 7 / Homework / Progress Test 3 / Approx.
1 hour
Reflection / Topics to focus on
Evening 7 / In Class / Marginal costing.Learning Outcome: 1
Case study: Task 3 – Third email.
Short-term decision making.Learning Outcome: 4, 5
Case study: Task 4 – Fourth email. / N/A
Before Evening 8 / Homework / TQB Q25 and Q28 / Approx.
30 min
Reflection / Areas to focus on:
Evening 8 / In Class / Short-term decision making.
Learning Outcome: 4, 5
Case study: Task 5 – Fifth email.
Long-term decision making.
Learning Outcome: 4, 5
Case study: Task 6 – Sixth email. / N/A
Before Evening 9 / Homework / Progress Test 4 / Approx.
30 min
Reflection / Areas to focus on:
Evening 9 / In Class / Tutor led revision
Learning Outcome: 1, 2, 3, 4, 5 / N/A
Evening 10 / In Class / Tutor led revision
Learning Outcome: 1, 2, 3, 4, 5 / N/A
Before exam / Homework / Mock exam 1
If you score less than 70%, please contact your tutor for additional practice before sitting the real exam / Tutor will inform of the deadline

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