Cost Accounting (SQA HN Unit F7JR 34)

This Unit is designed to introduce candidates to costing techniques that may be utilised within a cost accounting environment. The objective of the Unit is to enable candidates to maintain a working accounting system for classifying and recording cost accounting information for purposes such as stock valuations, job costing and profit measurement.
This Unit is primarily intended for candidates who expect to take up a career or further study in cost or management accounting. It is also relevant to those with appropriate work experience who wish either to formalise their qualifications or progress in their accounting career.

On completion of the Unit the candidate should be able to:

1. Account for material costs
2. Account for labour costs
3. Apportion and allocate overhead costs
4. Account for product costs
5. Record transactions in a cost accounting system

Credit points and level: 2 HN credits at SCQF level 7: (16 SCQF credit points at SCQF level 7)

For further information on this course, please visit the SQA website.

HOW WILL I BE ASSESSED?

This Unit is assessed using five separate assessments which all take the form of case studies which are taken under exam conditions.

In order to complete this Unit successfully, you will be required to achieve a satisfactory level of performance in all assessed work.

ENTRY REQUIREMENTS

Candidates would normally be expected to be competent in numeracy and communication at SCQF level 5 or have similar qualifications or experience.