Book Description

CIMA C1 - Fundamentals of Management Accounting: Paper C1, Fundamentals of management accounting, introduces the knowledge and skills needed in the application of management accounting. Students will need to have knowledge of management accounting techniques and have an understanding of when and when not to use them. C1 is examined via a computer-based assessment containing fifty objective test questions.The syllabus has five sections: * Cost determination * Cost behavior and breakeven analysis * Standard costing * Costing and accounting systems * Financial planning and controlThe C1 Study Text contains all you need to know for C1, featuring step-by-step guides to management accounting techniques such as process costing, which many students find tricky. All areas of the syllabus are explained fully and no prior knowledge is assumed. Key terms are identified throughout as grasping terminology is vital for both C1 and for future studies.