Pearson Education Management Accounting for Decision Makers 14 ppt

... to explore how management accounting information can be used within a business to improve the quality of managers’ decisions. We also identify the characteristics that management accounting information ... 5 Introduction to management accounting LEARNING OUTCOMES Welcome to the world of management accounting! In this introductory chapter, we examine the role of management...

Ngày tải lên: 20/06/2014, 20:20

... non-financial information CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 24 ‘ Management decisions requiring management accounting information Figure 1.9 Management accounting information is required ... features is set out in Figure 1.8. Management accounting as an information system MANAGEMENT ACCOUNTING AS AN INFORMATION SYSTEM 21 ‘ The management accounting inf...

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... safety): Number of baskets 250 71 Percentage of estimated volume of sales 50% 14% Margin of safety 14 − 7 14 14 − 12 14 Contribution Sales revenue MARGIN OF SAFETY 67 ‘ ‘ What advice would you ... contracts such that if they do not work for any rea- son, they are not paid. The baskets are sold to a wholesaler for 14 each. What is the BEP for basket making for the business? So...

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... cost for Buccaneers Ltd for next year is expected to be made up as follows: £000 Direct materials: Forming department 450 Machining department 100 Finishing department 50 Direct labour: Forming ... cost information may be used for four main purposes. Now that we have seen how full cost is deduced, let us consider in more detail how this information may be used. l Pricing and output deci...

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... theoretical aspects of the subject before going on to look at some more practical issues, particu- larly the role of management accounting information in pricing decisions. Pricing CHAPTER 5 COSTING ... of machine for which facilities exist to produce a maximum of 10 machines each week. To assist management in a decision on the price to charge for the new machine, two pieces of in...

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... cater for a range of products and no single product decision will cause the business to amend it. Required: (a) Prepare a summary of information that would help with the pricing decision for the ... current man- agement performance is compared with some yardstick. What is wrong with compar- ing actual performance with past performance, or the performance of others, in an effort to exe...

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... a manager is informed that the performance in May was below the budgeted level, it is quite likely that the performance for June will be below target as well. Reports on the performance in May ... event. Activity 7 .14 ‘ M07_ATRI3622_06_SE_C07.QXD 5/29/09 10:38 AM Page 233 Labour variances Direct labour variances are similar in form to those for direct materials. The total direct labou...

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... undertaking a position analysis or when we are formulating plans for the future. Management What is strategic management accounting? CHAPTER 9 STRATEGIC MANAGEMENT ACCOUNTING 318 LEARNING OUTCOMES When ... strategic management accounting. l Explain how management accounting information can help a business gain a better understanding of its competitors and customers. l Des...

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... the maximum extent. p. 179 Management accounting The measuring and reporting of accounting information for the managers of a business. p. 15 Management accounting information system The system ... of accounting information to influence decisions. Relevance is regarded as a key characteristic of useful accounting information. p. 17 Relevant cost A cost that is relevant to a part...

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... for 20 performances: (£16,400 × 50% × 20) £164,000 Touring company ticket sales: Total revenue for each performance for a full house: £ 200 @ £22 = 4,400 500 @ 14 = 7,000 300 @ £10 = 3,000 14, 400 £ Ticket ... relevant to reporting the productive effort for a period. This measure of effort may have only a tenuous relationship to cash flows for a period. The conventions of account...

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