In a highly competitive corporate environment, more managers and business owners are seeking to streamline processes and optimise the use of resources. Those working in cost and management accounting roles are responsible for providing information that can guide economical decision-making, and play an important part in maximising profit by controlling financial wastage. We introduce you to the core principles of this function and will cover a range of central concepts, such as job costing, process costing, absorption costing, and variable costing. You’ll discover how to use costings to make informed management decisions, and learn to perform a cost-volume-profit (CVP) or Break-even Point (BEP) analysis. MAC 1A - Application of break-even analysis to make operation decisions MAC 2B - Application of relevant costing techniques to make operating and business decisions CAC 1A - Preparing product/service costing reports or quotations CAC 1B - Maintaining and updating manufacturing accounts CAC 1C - Determining and accounting for manufacturing losses CAC 1D - Preparing manufacturing reports CAC 2A - Maintain and update the manufacturing accounts for the product costs for joint and by-products CAC 2B - Preparation of joint and by-product reports CAC 3A - Preparing break-even analysis reports CAC 3B - Preparing production schedules using break-even analysis CAC 3C - Preparing break-even analysis sensitivity reports CAC 3D - Using break-even analysis to make business decisions