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