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Standard Coasting
Standard Costing -
Adverse + Favourable
Advantages of standard costing
Disadvantages of Standard Costing
What is the definition of a budget?
What are 2 characteristics of budgets?
What is an income budget?
What is an expenditure budget?
What is a profit budget?
What are two advantages of budgets?
What are two disadvantages of budgets?
Summarise how budgets are put
together?
What are two reasons
why a firm budgets?
What is a benefit of having a
fixed budget?
What information is needed to
prepare an income budget?
What information is needed to
prepare an expenditure budget?
What is a zero budget?
Why can budgets be hard
to sick to?
Variances
Favourable Variances
Internal causes of Variance
External causes of variances
Qualitative Factors in Investment
Appraisal 1
Qualitative Factors in Investment
Appraisal 2
Net Present Value
Advantages of Net
Present Value
Disadvantages of Net
Present Value
Disadvantages of Payback
Advantages of Payback
