COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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Mayor Simulation Memo Lauren Pander HIS/301 January 16‚ 2015 Joshua Bearden Mayor Simulation Memo To: City Council Staff From: Mayor‚ Pander‚ Lauren Date: January 16‚ 2015 Subject: Memorandum for Record Re: Civil Rights Upon careful review of Court Calendar Notebook decisions regarding the state’s civil rights issues have been reached. Below are my final decisions‚ as well as justifications for each. 1. Construction Lawsuits: In order to avoid construction lawsuits the recommendation is as follows:
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A review of capital structure theories 1.0 Introduction One of the most contentious financial issues that have provoked intense academic research during the last decades is the theory of capital structure. Capital structure can be defined as a ’Mix of different securities issued by a firm’ (Brealey and Myers‚ 2003). Simply speaking‚ capital structure mainly contains two elements‚ debt and equity. In 1958‚ through combining tax and debt factors in a simple model to price the value of a company‚
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PR Communication Memo COM/530 PR Communication Memo Press Release: Pride Enterprises CFO Resigns November 23‚ 2013 – Pride Enterprises‚ Inc. (Prison Rehabilitative Industries and Diversified Enterprises‚ Inc.) a company that is “nationally recognized in inmate training operating general manufacturing and services facilities throughout the state of Florida” (Pride Enterprises‚ Inc.‚ 2013). Today Pride is announcing the resignation for Bob Thompson‚ Chief Financial Officer effective immediately
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Capital Budgeting Introduction Capital budgeting decisions are the most important investment decisions made by management. The objective of these decisions is to select investments in real assets that will increase the value of the firm. (Kidwell and Parrino‚ 2009) Project Classification Types * Replacement projects are expenditures necessary to replace worn-out or damaged equipment. * Cost reduction projects include expenditures to replace serviceable but obsolete plant and equipment
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Corporate Finance Capital Budgeting Course Outline CAPITAL BUDGETING Course outline Key Principles in Capital Budgeting: Criteria for Investment Projects Net Pesent Value Internal Rate of Return Payback Profitability Index Finding Cash Flows Maria Ruiz 1 Financial Management Financial management is largely concerned with financing‚ dividend and investment decisions of the firm with some overall goal in mind. Corporate finance theory has developed around the goal of shareholder
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What long-term investments should the firm undertake (capital budgeting) and how will investment and finance decisions affect the firm ’s value (valuation)? How can cash be raised for the required investments? This is known as the financing decision ’ (cost of capital‚ capital structure and leasing). How will the firm manage its day-to-day cash and financial affairs (short-term financing and net working capital)? The Capital Budgeting Mini Case presents a financial decision of acquiring
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CONTEXT–AUDIENCE–PURPOSE PLANNING SHEET | CONTEXT ANALYSIS | What is the background for this MESSAGE? Catalysts and triggers? | A significant variance in average grades of students‚ in relevance to their field of study‚ has led me to believe that the program entrance prerequisites for Math 12‚ of business and marketing students should be increased‚ to match that of the accounting program. | AUDIENCE ANALYSIS | IDENTITY | Who is my PRIMARY audience? (Internal/External; Name/position) | The chairs
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leasing deal that Aberlyn proposed to RhoMed is an innovative way for RhoMed‚ a start-up firm‚ to acquire financing without diluting its equity value and raising debt in the market. Management believes that the firm is more valuable than venture capital firms would believe‚ and debt financing would be extremely costly since RhoMed doesn’t currently have positive cash flow. For Aberlyn‚ the main benefits of the transaction are the interest payments paid on the lease and potential to sell the patent
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Capital One Financial Corporation 1. How is Capital One’s use of IT different from other mass customization strategies? Capital One uses IT through its information-based strategy (IBS) to “record‚ organize‚ and analyze data on the characteristics and behaviors of their customers‚” as stated by CEO Richard Fairbank. Their philosophy was to exploit information by constructing scientific models that could be used to both assess the creditworthiness of potential cardholders through
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