Process Costing - what is in the exam?

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September
September Registered Posts: 29 Regular contributor ⭐
in Management Accounting: Costing
How can I find out if CWIP and OWIP is in the AAT syllabus. My text books says it is unclear what is needed?

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  • Sunflower1o2
    Sunflower1o2 Registered, Tutor Posts: 9
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    Hello,
    If by CWIP and OWIP you mean closing work in progress and opening work in progress then yes these do come into your studies. They are treated as types of inventory items in the manufacturing account, which is introduced at AAT level 2.
    This knowledge would be expected at higher levels.
  • September
    September Registered Posts: 29 Regular contributor ⭐
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    Thanks Sunflower1o2.
    The note is a reference in a Kaplan text book at Level 3 which does not make it clear which aspects of process costing are examined. It is a really heavy chapter. It is blowing my mind.
  • dumutroba
    dumutroba Registered Posts: 262
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    I never got that at the exam, all the studying was in vain.
    You can read the examiner report, there it says what is being examined
    AAT Level 2. 2018 Distinction
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    AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
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  • September
    September Registered Posts: 29 Regular contributor ⭐
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    Thanks dumutroba. I will have a look.

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