Edexcel A-Level Accounting A2 2.5.1 Purpose of Standard Costing Topic Practice

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Pearson Edexcel IAL Accounting

Unit 2: Corporate and Management Accounting

Topic 2.1 - Limited companies

Topic 2.2 - Investment ratios

Topic 2.3 - Statement of cash flows

Topic 2.4 - Budgeting

Topic 2.5 - Standard costing

2.5.1 - Purpose of standard costing

2.5.2 - Establishing a standard costing system

2.5.3 - Variances

2.5.4 - Reasons for variances

2.5.5 - Interrelationships between variances

2.5.6 - Management by exception

Topic 2.6 - Project appraisal

Topic 2.7 - Break-even analysis

Topic 2.8 - Marginal costing and absorption costing

Topic 2.9 - Information and communication technology (ICT) in accounting

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