a I/A Accounting Management Accounting 1. Management accounting – Its nature‚ purposes‚ place in general accounting theory‚ role in general and strategic decision making process of management‚ comparisons with other areas of accounting 2. Definitions of cost‚ cost classification‚ cost behaviour 3. Costing issues – Cost accumulation; cost allocation‚ apportionment‚ absorption; overheads‚ overhead absorption rates‚ under and over-recovery of overheads‚ normal and actual costing 4. Absorption
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FACULTY OF BUSINESS & MANAGEMENT SEMESTER: MEI 2013 BBAP 2103 COURSE: BACHELOR (HONS) MANAGEMENT (BIM) (A7470) COURSE TITLE: MANAGEMENT ACCOUNTING MATRICULATION NO : RF179118001 IDENTITY CARD NO : RF179118 TELEPHONE NO : 0167386906 E-MAIL : vnod_86@yahoo.com LEARNING CENTRE : SEAMEO RECSAM LEARNING CENTRE Table of Contents 1.0 Introduction of the company 2.0 Explanation on the purposes of product cost information is
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Explain the following: (a) Financial accounting Is concerned with the provision of information to external parties outside the organization and also concerned with the classification and recording of financial transaction in monetary terms in accordance with the established concepts‚ principles‚ accounting standards and legal requirements and presents the effects of the transactions on the performance and financial position of the business. (b) Cost accounting Is concerned with the ascertainment
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STRATEGIC MANAGEMENT ASSIGNMENT QUESTION. TAKING INTO CONSIDERATION AN INTERNATIONAL OR DOMESTIC ORGANISATION THAT YOU BELIEVE HAS ACHIEVED SUPERIOR PERFORMANCE IN THE PAST YEAR‚ USE RELEVANT FRAMEWORKS AND MODELS TO APPRAISE CRITICALLY THE THIS COMPANY. TABLE OF CONTENTS. INTRODUCTION (COMPANY BACKGROUND) 1. DEFINITION OF TERMS 1.1 VISION AND MISION STATEMENT 1.1.1. STRATEGY 2. PART 1: ENVIRONMENTAL INDUSTRY STRUCTURE‚ OPPORTUNITIES AND THREATS
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Chapter 4 Systems Design: Process Costing Solutions to Questions 4-1 A process costing system should be used in situations where a homogeneous product is produced on a continuous basis. ished goods) during the period plus the equivalent units in the department’s ending work in process inventory. 4-2 1. Job-order costing and process costing have the same basic purposes—to assign materials‚ labor‚ and overhead cost to products and to provide a mechanism for computing unit product costs. 2. Both systems
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Retrieved from AIU Online Virtual Campus. Managerial Accounting: ACCT310-1103B-04 website Job order costing and processing compared. (2010-2011). Retrieved from http://worldacademyonline.com/article/13/271/job_order_costing_and_process_costing_c ompared.html Internal Accounting Engineering: System Requirements‚ Job Order System. (n.d). Retrieved from http://www.internalaccounting.com/jobcost. Wild‚ J.J. & Shaw‚ K.W. (2012). Managerial Accounting. (3rd ed.). New York‚ NY: McGraw Hill Irwin
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Financial Management-Unit 101 Exam Questions 1. What is the role of management accounting? What are the primary difference between management accounting and financial accounting? Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations‚ to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. According to the
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Management Accounting Absorption vs Marginal Costing Report 20813287 Absorption vs. Marginal Costing (Atmospheric Ltd) Contents Page No Memorandum 3 Marginal (Variable) Costing 4 Absorption
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and whether to expand or close manufacturing facilities. 11 Decision Making and Relevant Information C h a p t e r Working Working with managers to make decisions is one of the main functions of the management accountant and an important thrust of this book. The use of accounting information for decision making has been a consistent theme in earlier chapters. In this chapter‚ we focus on specific and common decisions such as accepting or rejecting a one-time-only special order‚ insourcing
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Bibliography: * Fundamentals of Cost and Management Accounting. Niemand‚ AA et al. 5th Edition. LexisNexis Butterworth‚ Durban 2004. * Advanced Cost Accounting. Directorate of Distance Education. Maharshi Dayanand University. 2004. * Managerial Finance. 2nd Edition. 2002. * ACCA Study Texts and Handouts. Kaplan Business Analysis. 2008 – 2010. * The
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