P2 Exam Dumps : Advanced Management Accounting

sunk or opportunity costs

fixed or variable costs

controllable or uncontrollable costs

relevant or non-relevant costs

Customer profitability analysis to identify key strategic customers

Customer information harvested from social media to target products

Production cycle time analysis to improve production efficiency

Real-time inventory management information shared with producers to influence their production plans

A five year history of a company's aged debtor list to assess the long-run effectiveness of credit control

Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.

Value engineering is a fundamental rethinking and radical redesign of an organization's existing processes.

Target costing is continuously setting new stretch targets while the product is in production.

Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality.

Kaizen costing is seeking to make cost savings by continuously making small incremental cost reductions while the product is in production.