super tough! Management Accounting and Advanced Financial Accounting. Taxation and Law shouldn't be a problem. Why the two units tough? Cause forgotten what are the treatments for the respective topic. Basically first class was about refreshing your previous knowledge, even that, I can't remember what is what. Die!!!

PRIME COSTS = Direct Material + Direct Labour + Direct Expenses

Production Overheads = Variable O/heads + Fixed O/heads which consist of Indirect Material, Indirect Labour and Indirect Expenses

Both PRIME COSTS + PRODUCTION OVERHEADS = PRODUCTION COSTS + NON PRODUCTION COSTS = TOTAL COST

What are the functions of costing?

Stock valuation, Cost & Pricing, Decision making, Control and Performance measurement

Apa ini semua? Sudah LUPA!!!