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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting for Decision and Control | 30% | - Absorption and marginal costing - Costing concepts and terminology - Standard costing and variance analysis - Throughput, target and lifecycle costing - Activity-based costing (ABC) |
| Topic 2: Budgeting and Budgetary Control | 25% | - Purpose and types of budgets - Flexible budgets and budget variances - Budget preparation techniques - Beyond budgeting and modern approaches |
| Topic 3: Dealing with Uncertainty in the Short Term | 15% | - Decision trees and decision criteria - Expected value and probability analysis - Sensitivity and scenario analysis - Risk and uncertainty concepts |
| Topic 4: Short-Term Commercial Decision Making | 30% | - Make-or-buy and outsourcing decisions - Limiting factor decisions - Relevant costing principles - Cost-volume-profit analysis - Pricing decisions |
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