P1 Management AccountingP1 covers cost accounting for decision and control, budgeting and budgetary control, short term commercial decision making, risk and uncertainty in the short term. You will learn why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used. You will also learn how budgets are prepared and implemented across the organisation, the impact these budgets have, and how techniques

optimise their use of working capital and allocate resources to long-term investment projects

Understand the principles of contract law

F The impact of changes and potential changes in accounting regulation

negligence

The Case Study exam challenges you to provide solutions to the type of problems that you would encounter in the workplace for the job role matched to the level of the professional qualification

governance and sustainability

Use tools and techniques to support cost calculations

Principles of Costing

Present the components of a modern external audit from acceptance of a new client to drafting the audit opinion

management and assurance

Management Accounting Techniques

It requires you to demonstrate that you can take the skills and learning from those papers and (i) relate different areas of learning to another one and (ii) apply that learning in an integrated way to a case designed to reflect more fully the complexities encountered in the context of real-life situations that arise in practice