Chapter 1: Managerial accounting and cost concepts. In this chapter we explain how managers need to rely on different cost classifications for different purposes. The four main purposes emphasized in this chapter include preparing external financial reports, predicting cost behavior, assigning costs to cost objects, and decision making.
Chapter 1 - Introduction to managerial accounting and cost concepts. After studying Chapter 1, you should be able to: Identify and give examples of each of the three basic manufacturing cost categories, distinguish between product costs and period costs and give examples of each, prepare an income statement including calculation of the cost of goods sold,...
Adhesives have played and will continue to play an important role in the efficient utilization of wood resources. Early Egyptians used adhesives to attach rare veneers to wood furniture. Today, adhesives play a vital role in allowing almost all types and sizes of wood to be converted to functional products. For centuries, wood was bonded using biobased adhesives. In the 20th century, synthetic adhesives gradually took over because they were typically more effective and cost less.
Chapter 3 - Recording transactions. Recording transactions related to the purchase and sale of merchandize inventory was introduced and discussed in Chapter 5. This chapter reviews how the cost of goods sold is calculated using various inventory cost flow assumptions. Additionally, issues related to merchandize inventory that remains on hand at the end of an accounting period are also explored.
Chapter 6 - Inventory issues. The main contents of this chapter include all of the following: Issues in counting inventory, ownership of inventory rules, inventory errors, 4 cost flow assumptions, special rule for inventory costing,...
Chapter 9 - Long lived assets. In this chapter, you will learn to: Describe how the cost principle applies to plant assets; explain the concept of depreciation; compute periodic depreciation using the straight-line method, and contrast its expense pattern with those of other methods; describe the procedure for revising periodic depreciation;...
CHAPTER 1 Introduction to Cost and Management Accounting in a Global Business Environment
After completing this chapter, you should be able to answer the following questions:
How do financial and management accounting relate to each other? How does cost accounting relate to financial and management accounting?
This text offers the perfect introduction to social benefit-cost analysis. The book closely integrates the theory and practice of benefit-cost analysis using a spreadsheet framework. The spreadsheet model is constructed in a truly original way which contributes to transparency, provides a check on the accuracy of the analysis, and facilitates sensitivity, risk and alternative scenario assessment. A case study inco
CHAPTER 2 Introduction to Cost Management Systems
After completing this chapter, you should be able to answer the following questions: Why do organizations have management control systems? What is a cost management system and what are its primary goals?
Planning involves selecting a course of action and specifying how the action will be implemented. The first step in planning is to identify the various alternatives. Next, the alternative that does the best job of furthering the organization’s objectives is selected. Management’s plans are usually expressed in budgets. Typically, budgets are prepared annually under the direction of the controller, who is the manager of the accounting department.
Project Gutenberg’s Introduction to Infinitesimal Analysis by Oswald Veblen and N. J. Lennes This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.net
Title: Introduction to Infinitesimal Analysis Functions of one real variable Author: Oswald Veblen and N. J. Lennes Release Date: July 2, 2006
The Project Gutenberg EBook of An Introduction to Nonassociative Algebras, by R. D. Schafer This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org
Title: An Introduction to Nonassociative Algebras Author: R. D. Schafer Release Date: April 24, 2008
History of FEA, brief introduction to difference numerical method, design process, advantages of CAE, is FEA a replacement for costly & time consuming testing,... As the main contents of the lecture "Fundamentals of FEA analysis: Introduction". Each of your content and references for additional lectures will serve the needs of learning and research.
Chapter 2: Job-order costing. Managers need to assign costs to products to facilitate external financial reporting and internal decision making. This chapter illustrates an absorption costing approach to calculating product costs known as job-order costing.
Chapter 3: Activity-based costing. Overhead costs cannot be easily traced to products. Using a plantwide predetermined overhead rate as described in Chapter 2 is simple but using such a rate may inaccurately assign costs to products. Activity-based costing is an alternative that attempts to accurately assign overhead costs to products for financial reporting and other purposes.
Chapter 4: Process costing. Managers need to assign costs to products to facilitate external financial reporting and internal decision making. This chapter illustrates an absorption costing approach to calculating product costs known as process costing.
Chapter 5 - Cost-volume-profit relationships. After studying this chapter, you should be able to: Explain how changes in activity affect contribution margin and net operating income, prepare and interpret a cost-volume-profit (CVP) graph and a profit graph, use the contribution margin ratio (CM ratio) to compute changes in contribution margin and net operating income resulting from changes in sales volume,...
Chapter 6 - Variable costing and segment reporting: tools for management. After studying chapter 6, you should be able to: Explain how variable costing differs from absorption costing and compute unit product costs under each method, prepare income statements using both variable and absorption costing, reconcile variable costing and absorption costing net operating incomes and explain why the two amounts differ, prepare a segmented income statement that differentiates traceable fixed costs from common fixed costs and use it to make decisions.