UNIT DESCRIPTION
This paper is intended to equip the candidate with knowledge, skills and attitudes that will
enable him/her to apply the principles of cost estimation and cost and management accounting
techniques and methods for decision making.
LEARNING OUTCOMES
A candidate who passes this paper should be able to:
 Estimate the cost of goods and services
 Analyse product costs for manufacturing and non-manufacturing activities
 Prepare marginal and absorption cost statements
 Analyse an organisation’s activities through budgetary control process
 Analyse variances for decision making