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This unit specifies the competencies required to facilitate the training of cost accounting. It involves gathering costing data, performing cost classification, preparing marginal and absorption costing and applying costing methods.

This standard applies in the Technical and Vocational Education and Training sector

This unit specifies the competencies required to apply principles of management accounting. It
involves gathering costing data, performing cost classification, analyzing costing data, managing
accounting costs, consolidating financial and cost accounting systems, applying costing methods,
preparing marginal and absorption costing and managing budgets and budgetary controls.


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