Page 5 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Chapter 1

Traditional costing

Outcome

By the end of this session you should be able to:

 apply marginal and absorption techniques in order to calculate profit or value
inventory

 reconcile the total profit between these costing systems

 compare and contrast the systems

 determine and evaluate pricing decisions which are based on cost

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 1 of your Study Text

1