Full List of Management Accounting for Decision Makers 13 doc

... non-financial information CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 24 ‘ Management decisions requiring management accounting information Figure 1.9 Management accounting information is required ... role of management accounting. A useful start- ing point for our discussion is to acknowledge the general role of accounting, which is to help people make informed b...

Ngày tải lên: 21/06/2014, 10:20

... thought of additional points. Activity 2.7 continued JB Limited is a small specialist manufacturer of electronic components. Makers of aircraft, for both civil and military purposes, use much of its ... COSTS FOR DECISION MAKING 42 A business is considering making a bid to undertake a contract. Fulfilment of the con- tract will require the use of two types of raw materia...

Ngày tải lên: 21/06/2014, 10:20

... standard profit mark-up of 25 per cent of full cost. Management is concerned by the lack of profit. Full cost for one unit of a product is calculated by charging overheads to each type of product ... is very helpful for those involved with pricing decisions to have some feel for the elasticity of demand of the commodity that will be the subject of a decision. The...

Ngày tải lên: 21/06/2014, 10:20

... must pick up, therefore, is the loss of profit arising from the loss of sales of 100 units of the product. CHAPTER 7 ACCOUNTING FOR CONTROL 222 ‘ What will be the loss of profit arising from the ... Fuel Miser consists of one of each component. The planned sales for the first seven months of the forthcoming accounting period, by channels of distribution and in terms...

Ngày tải lên: 21/06/2014, 10:20

... The software has a life of two years and will then become obsolete. The cost of producing the software was £10,000. The client has agreed to pay a licence fee of £8,000 a year for the software ... £000 Immediately Cost of machine (100) 1 year’s time Operating profit before depreciation 20 2 years’ time Operating profit before depreciation 40 3 years’ time Operating profit before dep...

Ngày tải lên: 21/06/2014, 10:20

... Conventional management accounting has been criticised, however, for failing to address fully the strategic aspects of managing a business. This criticism does not mean that the management accounting ... it is to retain a high degree of relevance for decision makers. Strategic management accounting is still a fairly new topic and there is no generally agreed set of c...

Ngày tải lên: 21/06/2014, 10:20

... the office. Senior management views Enterprise as a confederation of small businesses and the role of head office is that of a ‘switching station’ for the best ideas. Source: Based on information ... (4.5) Operating profit 8.1 Income from investments 0.4 8.5 Interest payable (0.5) Ordinary profit before taxation 8.0 Restructuring costs (2.0) Profit before taxation 6.0 Tax (1.8) Prof...

Ngày tải lên: 21/06/2014, 10:20

... of risky courses of action. – Excessive management ‘perks’. – Costly duplication of facilities and other losses of economies of scale. – Divisions competing with each other to the detriment of ... performance requires some basis for comparison. A particular division can be compared with that for: – Other divisions of the same business. – Previous performance of the same...

Ngày tải lên: 21/06/2014, 10:20

... costing (ABC) 136 –48 as alternative approach to full costing 137 –8 benefits 139 cost drivers 138 , 140, 141, 454 cost pools 138 –9, 140, 141, 454 criticisms 144–5 meaning of term 138 , 452 service ... 425 full (absorption) cost information, using 121–3 market information 369 non-financial information 24–5 quality 30 range 30 standards setting 245 see also management accounting...

Ngày tải lên: 21/06/2014, 10:20

... non-financial information CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 24 ‘ Management decisions requiring management accounting information Figure 1.9 Management accounting information is required ... and the value of providing additional management accounting information Figure 1.6 The benefits of management accounting information eventually decline. The cost...

Ngày tải lên: 20/06/2014, 23:20