CIMA C1Fundamentals of Management Accounting

CIMA C1Weekly Quiz

Week 1

What are the main 4 reasons a company will calculate a cost value for its products?

Write down 4 major differences between Financial accounting & Management accounting

Managers in a business carry out 3 main activities, what are they?

Draw a diagram to illustrate the 3 main Levels of Management in a typical Company

Quiz

Draw a ‘typical’ Company organisation chart showing a range of different functions or disciplines

What is a Cost Unit? There are 3 main Cost Classifications, What

are they? With examples, describe the Direct &

Indirect Cost Classifications With examples, describe Production & Non-

Production Cost categories

Quiz

Last week we looked at a ‘cost structure/classification’ chart, draw it out

In Cost behaviour studies, there are often said to be 4 types of cost behaviour pattern, what are they? & sketch the appropriate graph for each.

What is the ‘Level of Activity’ a measure of? Give some examples of Semi-Variable Costs

Quiz