Glossary

The JCPSG have published two tables of technical words and phrases:

1. The JCPSG Standard definitions for Costing and Pricing (which gives the standard CIMA general definition alongside the HE-specific interpretation);
2. Specific terms used by Universities and Colleges.

http://www.jcpsg.ac.uk/costing/definitions.htm

1. The JCPSG Standard definitions for Costing and Pricing

Activity based costing (ABC)
Activity cost pool
Allocation
Apportionment
Break-even point
Contract cost
Contribution
Cost centre
Cost driver
Direct cost
Indirect cost
Marginal cost
Timesheet
Transfer price
Uniform costing

2. Specific terms used by Universities and Colleges

Auditability
Cost adjustment
Cost-based pricing
Department
Department type
Direct staff cost
Double charging/ Double counting
Full economic cost
Indirect cost rate
Knock for knock arrangement
Market-based pricing
Materiality
Non-public sponsor
Public sponsor
Rate abatement
Strategic pricing policy
Support cost
Time allocation schedule
Transparent approach to costing