Cost
Accounting
Understand how businesses classify, measure and manage costs. This module develops your ability to apply costing methods, analyse cost behaviour and use cost information to support business decision-making — essential skills for any finance professional.
What this module covers
Cost Accounting is the second module of ATQ Level 1. It equips you with the tools to understand how costs behave, how they are recorded, and how cost data drives strategic decisions in any business environment.
Learning Outcomes
Classify costs by nature, function and behaviour
Apply job costing, batch costing and process costing to practical scenarios
Distinguish between marginal and absorption costing approaches
Perform cost-volume-profit analysis to support business decisions
Prepare functional budgets and analyse variances against standard costs
Module at a glance
Your learning path
6 units · 15 chapters · 82 study notes — structured as a progressive course from cost foundations to variance analysis.
Unit 1 — Introduction to Cost Accounting
2 lessons
Unit 2 — Materials, Labour and Overheads
3 lessons
Unit 3 — Costing Methods
3 lessons
Unit 4 — Marginal Costing and CVP Analysis
3 lessons
Unit 5 — Budgeting
2 lessons
Unit 6 — Standard Costing and Variance Analysis
2 lessons
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