Life Cycle Costing | ACCA F5 Lecture by CA Nitin Guru 📊

#acca​ #lifecyclecosting #performancemanagement

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Hi Guys! In this first video of ACCA Performance Management Concept Capsule series we will discuss the concept of Life Cycle Costing.

The aim of ACCA Performance management (PM) (F5) is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision- making, performance evaluation, and control.

The ACCA Performance management (PM) Syllabus 2021 includes:
A) Information, technologies and systems for organisational performance
B) Specialist cost and management accounting techniques
C) Decision-making techniques
D) Budgeting and control
E) Performance measurement and control

Target costing is part of Section B of ACCA Performance Management syllabus that is Specialist Cost And Management Accounting Techniques.

Under Life Cycle Costing following two concepts are covered:
1. Identifying the Costs at different stages of the Life Cycle
2. Benefits of Life Cycle Costing

Watch this free lecture of Life Cycle Costing till the end to understand this concept in detail.

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