cost accounting slide

Tài liệu Cost accounting (Reading 48-50) docx

Ngày tải lên : 25/01/2014, 14:20

... cost of making the product or of providing the service. This is the purpose of cost accounting. For manufacturing, where raw materials are assembled into a final product, job-order cost accounting ... determines the cost of an individual item or a batch of identical goods. The accountant must first determine the direct cost of the product. This includes the material and labor costs. These costs ... Reading 48/50 COST ACCOUNTING HẠCH TOÁN CHI PHÍ One of these main objectives of industry is to determine the selling price of the products or the cost of services that are provided...

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Tài liệu Biyani''''s Think Tank Concept based notes Cost Accounting doc

Ngày tải lên : 18/02/2014, 01:20

... http://www.gurukpo.com (2) Costing include determination of cost. Cost accounting include recording expenditure and income. (3) Costing means technique for determination of cost whereas cost accounting means ... difference between cost of goods sold and cost of production. Ans. Cost of production means prime cost + works overhead + office overheard while cost of goods sold means cost of production ... of cost whereas cost accounting means adoption of accounting system of cost. Q.11 Give two items which are not include in cost. Ans. Non cost items are profit on sale of fixed asset, goodwill...

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COST ACCOUNTING doc

Ngày tải lên : 06/03/2014, 15:20

... FINANCIAL ACCOUNTING AND COST ACCOUNTING Cost accounting is very closely-related to financial accounting. Some authorities on the subject consider cost accounting to be the branch of financial accounting. ... purview of cost accountancy : (1) Costing, (2) Cost Accounting, (3) Cost Control Techniques, (4) Budgeting and (5) Cost Audit. 1. Costing The terminology of ICMA, London, defines costing as “the ... Job costing, contract costing, etc. Finally, for achieving the last step costing has developed important techniques such as Absorption Costing, Marginal Costing and Standard Costing. 9 4. Cost accounting...

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8-000 Cost Accounting Standards ppt

Ngày tải lên : 06/03/2014, 21:20

... in the measurement of costs, the assignment of costs to cost accounting periods, or the allocation of costs to cost objectives should be considered to be changes in cost accounting practice requiring ... Plans, Accounting and Cost Prin- ciples (PAC): No. Subject 76-2 Administration of Cost Accounting Standards 76-3 Policy for Application of CAS to Subcontracts 76-4 Determining Increased Costs ... Results 829 8-400 Section 4 Cost Accounting Standards 8-400 Introduction 830 8-401 Cost Accounting Standard 401 Consistency in Estimating, Accumulating and Reporting Costs 830 8-401.1 Consistency...

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cost accounting and product's price calculation for ba ding printing company - ministry of public security

Ngày tải lên : 13/03/2014, 14:20

... organization. Cost Accounting is accounting for cost aimed at providing cost data, statement and reports for the purpose of managerial decision making. In this thesis, my research focuses on the cost accounting ... of cost accounting system applied in the selected company. As I mentioned in chapter 2, there are 3 cost accounting methods I selected, which are activity base costing method, variable costing ... Objectives of cost accounting in a company There is a direct relationship among information need of management, cost accounting objectives, and techniques and tools used for analyses in cost accounting. ...

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ESSENTIALS OF COST ACCOUNTING FOR HEALTH CARE ORGANIZATIONS doc

Ngày tải lên : 15/03/2014, 15:20

... facilities—Costs Accounting. 2. Hospitals Cost of operation Accounting. 3. Cost accounting. I. Ward, David M. (David Marc), 1964- II. Baker, Judith J. III. Title. [DNLM: 1. Costs and Cost Analysis. ... COST ACCOUNTING FOR THE FUTURE . . . . . . . . . . . . .361 C HAPTER 17 New Approaches to Cost Accounting . . . . . . . . . . . . . . . . . . . .363 Is There a Problem with Traditional Cost Accounting? ... .xvii PART I COST ACCOUNTING FOUNDATIONS . . . . . . . . . . . . . . . . . . .1 C HAPTER 1 Introduction to Cost Accounting . . . . . . . . . . . . . . . . . . . . . . . . . .3 The Purpose of Cost Accounting...

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ANNALS OF THE NEW YORK ACADEMY OF SCIENCES - Full cost accounting for the life cycle of coal potx

Ngày tải lên : 23/03/2014, 00:20

... plants. Using the social cost of carbon, this resulted in a total cost of $61.7 billion, or 3.06 ¢/kWh. Using the low and high es- timates of the social cost of carbon results in cost of $20.56 billion ... Ahern, Samir K. Doshi, and Leslie Glustrom. 2011. Full cost accounting for the life cycle of coal in “Ecological Economics Reviews.” Robert Costanza, Karin Limburg & Ida Kubiszewski, Eds. Ann. ... comparative analyses of life cycle costs of all electricity generation Ann. N.Y. Acad. Sci. 1219 (2011) 73–98 c  2011 New York Academy of Sciences. 93 Full cost accounting for the life cycle of...

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FEDERAL GOVERNMENT MANAGERIAL COST ACCOUNTING ppt

Ngày tải lên : 29/03/2014, 14:20

... Managerial Cost Accounting Definition In the CFO Council/JFMIP Cost Accounting Implementation Guide, the following definition for managerial cost accounting is provided: “Managerial cost accounting ... complete and accurate cost data. What is Managerial Cost Accounting With the need for improved managerial cost accounting information established, it is important to define cost accounting, including ... Funding 6 What is Managerial Cost Accounting 7 Managerial Cost Accounting Definition 7 Managerial Cost Accounting Methods 7 Use Case - Working Capital Fund 9 Cost Management Implementation...

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Solutions Manual for COST ACCOUNTING Creating Value for Management docx

Ngày tải lên : 29/03/2014, 20:20

... Contents Chapter 1 Cost Accounting: How Managers User Cost Accounting Information Chapter 2 Cost Concepts and Behaviour Chapter 3 Cost System Design: An Overview Chapter 4 Job Costing Chapter 5 Process Costing Chapter ... flow. Direct costs 10. Costs that can be directly related to a cost object. Expense 3. The cost charged against revenue in a particular accounting period. Cost 2. A sacrifice of resources. Variable costs ... Inc., 1997 16 Cost Accounting, 5/e 2–16. (15 min.) Basic concepts. Concept Definition Period costs 5. Costs that can be more easily attributed to time intervals. Indirect costs 9. Costs that cannot...

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BASICS OF COST ACCOUNTING doc

Ngày tải lên : 29/03/2014, 20:20

... relevant costs (e.g. marginal cost, additional fixed cost, incremental cost, opportunity cost) and irrelevant costs (e.g. sunk cost, committed costs, etc.) (For detail refer Cost Accounting ... level. Absorption costing is termed as total costing, since total costs are ultimately allotted to cost units. It is also termed as historical or traditional costing. However, since costs are ascertained ... reporting off cost information, it does not help to exercise cost control. B. Marginal costing : It refers to a principle whereby variable costs are charged to cost units and the fixed costs attributable...

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Cost accounting chapter 3

Ngày tải lên : 26/06/2014, 00:03

... products  Compute the total costs of the products Cost hierarchies  A cost hierarchies categories indirect cost into different cost pools on the basis of the different types of cost drivers, or cost allocation ... companies  Costs are divided into homogenous cost pools and classified as output unit level costs, batch level costs, product sustaining costs, or facility sustaining costs  The cost pools ... total cost of the products by adding all direct and indirect costs assigned to the products Fundamental cost objects Assignment of other cost objects activities  Costs of activities  Cost...

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Barfield Raiborn Kinney - Cost Accounting Traditions And Innovations docx

Ngày tải lên : 28/06/2014, 09:20

... financial accounting information is useful to managers in performing their daily functions. Cost accounting creates an overlap between financial accounting and management accounting. Cost accounting ... Financial and Management Accounting to Cost Accounting Cost accounting is defined as “a technique or method for determining the cost of a project, process, or thing. . . . This cost is determined ... development of cost and management accounting standards and Chapter 1 Introduction to Cost and Management Accounting in a Global Business Environment 7 3 Robert B. Hubbard, “Return of the Cost Accounting...

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Cost Accounting Traditions And Innovations - Chapter 1 ppt

Ngày tải lên : 02/07/2014, 22:21

... Financial and Management Accounting to Cost Accounting Cost accounting is defined as “a technique or method for determining the cost of a project, process, or thing. . . . This cost is determined ... financial accounting information is useful to managers in performing their daily functions. Cost accounting creates an overlap between financial accounting and management accounting. Cost accounting ... financial accounting. Explain why the focus of these two accounting systems differs. 3. Is cost accounting a subset of management accounting or is management accounting a subset of cost accounting? ...

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Cost Accounting Traditions And Innovations - Chapter 2 ppt

Ngày tải lên : 02/07/2014, 22:21

... life-cycle costing. The cost management implications of this shift in cost structure are significant. Most importantly, because most technology costs are not susceptible to short-run control, cost ... Improvement and Strategic Costing,” Management Accounting (September 1998), pp. 12–13. EXHIBIT 2–4 Dual Focus of Cost Management System DEFINING A COST MANAGEMENT SYSTEM A cost management system ... performance. Techniques such as relevant costing, quality cost management, job order and process costing, and cost- volume-profit analysis, discussed in later chapters, relate to the role of cost information in decision...

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Cost Accounting Traditions And Innovations - Chapter 3 potx

Ngày tải lên : 02/07/2014, 22:21

... Budgeted cost 1. An expense or loss b. Direct cost 2. A cost that remains constant on a c. Distribution cost per-unit basis d. Expired cost 3. A cost associated with a specific cost e. Fixed cost ... the most likely cost behavior for each of these costs and show what type of cost behavior is in- dicated by each cost. 34. (Total cost determination with mixed cost) Heathcliff Accounting Services ... cost object f. Inventoriable cost 4. Direct material, direct labor, and g. Period cost manufacturing overhead h. Product cost 5. Product cost i. Variable cost 6. A cost that varies inversely on...