Costs and Revenues

In this unit, learners explore various cost classifications, including fixed, variable, direct, and indirect costs, and their implications on financial decision-making. The course also covers budgeting techniques, standard costing, and variance analysis, providing tools to manage and control financial performance effectively.

Additionally, the unit addresses revenue recognition principles, ensuring that learners understand the criteria for recognising revenue in financial statements. It also examines the impact of different pricing strategies on revenue generation and profitability.