AAT Level 2 – Principles of Costing – Study Book

Description

This unit will introduce you to basic costing and it will help you build a solid foundation in the knowledge and skills for more complex costing and management accounting.

You will see how the costing system can be used to allow management to plan, make decisions and control costs. You should understand the differences from a business perspective between costing and financial accounting.

Learning outcomes

• Understand the cost recording system within an organisation
• Use cost recording techniques
• Provide information on actual and budgeted costs and income
• Use tools and techniques to support cost calculations