Applied Management Accounting
Course Overview
This comprehensive AAT Level 4 Professional Diploma course covers the complex techniques required for management accounting decision-making. From cost allocation to long-term planning, master the skills needed to drive business performance.
Course Modules
Activity Based Costing (ABC)
Understand overhead costs, cost drivers, and how ABC differs from traditional absorption costing.
Start Module →Target & Life Cycle Costing
Master market-driven pricing (Target Costing) and managing costs throughout a product's entire life cycle.
Start Module →Limiting Factor Analysis
Learn to maximise contribution when resources (labour, materials) are scarce. Master the 5-step approach.
Start Module →Linear Programming
Solve problems with multiple limiting factors using the graphical method, iso-contribution lines, and simultaneous equations.
Start Module →Short Term Decision Making
Understand relevant costs for Make or Buy, Discontinuation, and Further Processing decisions.
Start Module →Calculating Forecasts
Analyze time series, calculate moving averages, seasonal variations, and linear regression (y = a + bx).
Start Module →Budgeting Frameworks
Understanding the purpose of budgets, types of budgets, and behavioral aspects.
LockedPreparing Budgets
Production budgets, material budgets, labour budgets, and master budgets.
LockedStandard Costing
Setting standards for materials, labour, and overheads.
LockedVariance Analysis I
Material, Labour, and Variable Overhead variances.
LockedVariance Analysis II
Fixed Overhead variances and operating statements.
LockedPerformance Measurement
Financial ratios, ROI, RI, and non-financial performance indicators.
LockedBalanced Scorecard
Strategic performance management and divisional performance.
LockedExam Preparation
Mock exams, revision strategies, and synoptic assessment tips.
LockedRequired Study Text
AAT Applied Management Accounting
Official Study Text (Level 4)
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