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Our flash cards can act as an on the go study tool, designed to assist you with Management Accounting (MA).
This set of flash cards touches on the main topics within the Elements of Costing unit at Foundation Certificate level. We outline the basic definitions of:
- fixed costs
- variable costs
- semi-variable costs
- cost behaviour
- overhead absorption
Download your Elements of Costing (ELCO) flash cards here.
Read more study tips for the AAT Foundation Certificate in Accounting:
- Valuation of raw materials – part 1
- Percentages, proportions, ratios & fractions made easy
- Applying the Foundation Certificate in Accounting to a business scenario
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