(BQ) Chapter 1 - Cost accounting: Information for decision making. After studying this chapter you should be able to: First, describe the way managers use accounting information to create value in organizations. Second, distinguish between the uses and users of cost accounting and financial accounting information. Third, explain how cost accounting information is used for decision making and performance evaluation in organizations.
(BQ) Chapter 18: Performance measurement to support business strategy. As we noted at the beginning of chapter 1, the goal of cost accounting is to help managers maximize value creation in organizations. In this chapter, we introduce methods and measures links performance measures to business strategy.
After reading this chapter, you should be able to answer the following questions: What is the role of cost accounting as it relates to financial and managerial accounting? How does cost management play a strategic role in the organization’s value chain? What is the difference between direct and indirect costs, and how do they relate to a product or activity?...
Chapter 13 - Cost accounting and reporting systems. After completing this unit, you should be able to: Explain the role of cost accounting as it relates to financial and management accounting, explain the strategic role cost management plays in the organisation’s value chain, explain the difference between direct and indirect costs,...
(BQ) Part 1 book "Principles of cost accounting" has contents: Introduction to cost accounting, accounting for materials, accounting for labor, accounting for factory overhead, process cost accounting—general procedures.
(BQ) Part 2 book "Principles of cost accounting" has contents: Cost analysis for management decision making, cost accounting for service businesses and the balanced scorecard, the master budget and flexible budgeting,...and other contents.
(BQ) Part 1 book "Management and cost accounting" has contents: Introduction to management accounting, an introduction to cost terms and concepts, cost assignment, accounting entries for a job costing system, process costing, capital investment decisions - appraisal methods,...and other contents.
(BQ) Part 2 book "Management and cost accounting" has contents: The budgeting process, management control systems, divisional financial performance measures, transfer pricing in divisionalized companies, strategic cost management,...and other contents.
(BQ) Part 2 book "Cost accounting - Foundations and evolutions" has contents: Introduction to cost management systems; responsibility accounting, support department cost allocations, and transfer pricing; managing costs and uncertainty; implementing quality concepts; inventory and production management,...and other contents.
(BQ) Part 1 book "Cost accounting - Foundations and evolutions" has contents: Introduction to cost accounting, cost terminology and cost behaviors, predetermined overhead rates, flexible budgets, and absorption variable costing, job order costing, process costing, standard costing and variance analysis,...and other contents.
(BQ) Part 1 book "Fundamentals of cost accounting" has contents: Cost accounting - information for decision making; cost concepts and behavior; fundamentals of cost volume profit analysis; fundamentals of cost analysis for decision making; cost estimation; fundamentals of product and service costing.
(BQ) Part 1 book "Fundamentals of cost accounting" has contents: Activity-Based costing, fundamentals of cost management, service department and joint cost allocation, fundamentals of management control systems, planning and budgeting, fundamentals of variance analysis, transfer pricing,...and other contents.
(BQ) Chapter 2: Cost concepts and behavior. Chapter 2 covers cost concepts and behavior. You want to be certain that you have a thorough understanding of these concepts before going forward. Understanding of the concepts in Chapter 2 is critical for success in this course.
(BQ) Chapter 3: Fundamentals of cost-volume-profit analysis. In order to be a well prepared leader and manager, one must have a systematic method of analyzing the ever changing environment. Chapter 3 focuses on how decision-makers analyze changes in the volume of sales.
(BQ) Chapter 4: Fundamentals of cost analysis for decision making. Now that you are comfortable with CVP analysis and the impact of fixed versus variable costs, we can extend the concepts and apply the theories to a multitude of business conditions.
(BQ) Chapter 5: Cost estimation. When managers make decisions they need to compare the costs (and benefits) among alternative actions. In this chapter, we discuss how to estimate the costs required for decision making.
(BQ) Chapter 6: Fundamentals of product and service costing. This chapter provides an overview of alternative cost systems for product and service costing. Details and extensions to the basic models described here are presented in the following three chapters.
(BQ) Chapter 7: Job costing. After studying this chapter you should be able to explain what job and job shop mean. Assign costs in a job cost system. Account for overhead using predetermined rates. Apply job costing methods in service organizations. Understand the ethical issues in job costing, and describe the difference between jobs and projects.
(BQ) Chapter 8: Process costing. We continue our discussion of the details of a product costing system in Chapter 8 by developing a process costing system. As we discussed in Chapter 6, the difference between job order and process costing is the level at which costs are aggregated before they are assigned to the individual units of product. Process costing assumes that all units are homogeneous and follow the same path through the production process.
(BQ) Chapter 9: Activity-based costing. Chapters 7 and 8 described product costing systems. In the last 15 years or so, many companies have experimented with and implemented costing systems based on production processes rather than accounting systems. One such system is activity-based costing, or ABC, which aids managers in the decision making process. Chapter 9 describes activity-based costing.