Registered Cost Accounting - Budgeting for planning and control

Identify and apply techniques for forecasting revenue and expenditures
 Prepare operational, cash, and capital expenditure budgets.
 Explain the differences between fixed budgets, flexible budgets and reforecast
 Calculate variances and identify their cases
 Explain and illustrate the concept of zero-based budgeting
 Explain the uses and limitations of standard costing
 Identify and determine different standards; basic, ideal, attainable and current standards