Using budgets for planning and control:
Preparing a budget.
Different types of budgets (e.g. capital and operating).
Alternative methods of budgeting.
Behavioural implications of budgets.
How do competitors determine their prices?
Supply and demand considerations.
Common costing systems:
Actual costing, normal costing and standard costing systems.
How cost systems differ depending on the costing activity: job costing, process costing, batch costing and contract costing.