10 Unit Credit Values

• Costing Information: costing information from various sources; purpose and structure of financial reporting systems; external environment related costs; income and expenditure within different business departments; cost; profit and investment centres; material, labour and expenses; fixed, variable, semi-variable and stepped costs; income and expenditure reconciliation; inter-departmental transactions
• Standard Costing and Performance: standard costing inputs and outputs; standard, marginal and absorption costing; calculating variances; comparing costs
• Techniques Used to Measure Performance and Manage Costs: how to monitor financial performance; key business indicators; calculating performance indicators; cost management techniques; capital investment projects
• Estimation Techniques: analysing and comparing trends; interpreting results; financial reports; exception reports; performance reports

The above is the unit content for the Finance Management unit found in the Level 5 qualification. To view more units, click here and select the “Units” tab.