AAT - Basic Costing

Introduction

Studying for the AAT Basic Costing exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the content here is not necessarily pitched at the right level of difficulty for your exam - in particular, in some areas, it may go beyond what you need,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles and other official guidance are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

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• a quick answer to a quick question - if you have a  query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.
• assumed knowledge - you can revise assumed knowledge from lower papers by searching for the relevant topics and reading around the subjects.

The AAT Basic Costing syllabus

A good page to start on if you are unclear where to begin would be the overview Management Accounting page and, within this, the one on Costing. .

Other useful starting points for exploration are linked to syllabus areas below.

The syllabus for Basic Costing is split into 3 main learning outcomes (LOs):

LO1 Understand the cost recording system within an organization

The best page to start with here is the one on Costing.

LO2 Be able to use the cost recording system to record or extract data

The best place to start is again with the Costing page, followed by the ones relating to Materials costs, Labour costs, Overheads and Cost Behaviour.

LO3 Be able to use spreadsheets to provide information on actual and budgeted income and expenditure

The knowledgebank does not contain currently content relating to the use of spreadsheet packages.

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Tags:	AAT;Basic Costing;BCST