Process Costing

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi guys<BR><BR>I've been hearing rumours that AAT now include process costing in the syllabus at intermediate level. If this is true does anyone have any examples of questions or an idiots guide?<BR><BR>Cheers<BR>C

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Process Costing

    The Osborne book explains the whole subject really well. <BR><BR>I haven't come across any questions in past exam papers or skills tests so I'm not sure what form exam questions will take. <BR><BR>However, process costing is definitely part of the new syllabus and it wouldn't surprise me if it comes up in the forthcoming June exams so I for one will be revising this area just in case!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Process Costing

    Hi<BR><BR>Thanks for that. I've actually already completed the AAT but I'm having a go at CIMA and process costing appears to be quite an imprtant part of the syllabus. Not very helpful when I didn't cover it at all at AAT. We spent 1/2 hour on it in a lesson and it seems we're now expected to be experts!<BR><BR>Clare
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Process Costing

    P1 Performance Management will expect you to understand about Process Accounts which include opening and closing work in progress (AVCO or FIFO) and normal and abnormal losses and abnormal gains<BR><BR>This goes beyond the AAT ECR syllabus

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