Overview
Our free ACCA MA Cost Accounting Techniques notes cover everything you need to know for this module. From materials and inventory control, labour costing and recording, overheads and absorption, absorption vs marginal costing, costing methods, to alternative costing principles, we've got you covered. Whether you're intensively reviewing or looking to solidify specific concepts, these notes provide added peace of mind, knowing that you have a comprehensive resource to help consolidate and revise effectively for ACCA MA. Think something could be better? Give us a shout on our contact page, and we'll take a look.
We've created detailed study guides for all ACCA MA topics. Check out our other free notes below:
- Nature, source, and purpose of management information
- Data analysis and statistical techniques
- Cost accounting techniques
- Budgeting
- Standard costing and variance analysis
- Performance measurement and control
1. Materials and inventory control
- EOQ, reorder levels, and buffer inventory
- Inventory valuation (FIFO, LIFO, AVCO)
- Just-in-time and stock control procedures
2. Labour costing and recording
- Time, piecework, and incentive schemes
- Labour efficiency, capacity, and production volume ratios
- Journal and ledger entries for labour costs
3. Overheads and absorption
- Allocation, apportionment, and reapportionment
- Overhead absorption rates and absorption
- Under- and over-absorption of overheads
4. Absorption vs marginal costing
- Contribution format vs absorption profit statements
- Profit reconciliation between methods
- Advantages and disadvantages of each method
5. Costing methods
- Job and batch costing records
- Process costing, losses, and joint/by-products
- Service/operation costing and unit measures