This AS Cost and Management Accounting section focuses on using financial and other information as a decision-making tool. The subsequent A Level sections add further material on preparing financial statements for different types of organisations and identifying the ethical and accounting standards underpinning financial data, as well as providing more emphasis on the use of accounting and financial data as a planning and control tool within an organization. Outline The AS Level topics covered in this section are: • costing for materials and labor • traditional costing methods – absorption costing • traditional costing methods – marginal costing • traditional costing methods – cost-volume-profit analysis • the application of accounting to business planning.

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