P1 covers cost accounting for decision and control, budgeting and budgetary control, short-term commercial decision-making, risk and uncertainty in the short term. You will learn why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.

Syllabus areas:

Cost Accounting for Decision and Control
Budgeting and Budgetary Control
Short-Term Commercial Decision Making
Dealing with Uncertainty in the Short-Term