B7AF104 COST MANAGEMENT Assessment Cost Management Assignment (Shopping Limited) Prepared by: Name ID Number DBS150718739 Nur Iza Carmilla Bt Mohd Diah Section 2.4 10333550 NurKarimah Bt Abd Halim DBS150718748 2.4 10333562 Fitriah Bt Sulaiman DBS150719759 10333514 Prepared for: Mr Syed Azlan Aljaffree Bin Syed Khadzil No of words: 1675 words 1 2.4 CONTENTS PAGE 1.0 EXECUTIVE SUMMARY 3 2.0 QUESTION 1 4 3.0 QUESTION 2 5
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entity. “ Thus, only direct costs must be accrued in the end of 2010: the lease termination fee $1.3 mln and the exit package for the terminated employees $3 mln. Cost of dismantling the old equipment should not be accrued as a restructuring cost because there is no legal liability to do so, and it was not the practice of Pharma Co to dismantle the old equipment when abandoning plant before. Therefore, this is not a cost necessary entailed by the restructuring. The costs of moving and retraining the
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Incremental Cost Analysis – understanding of the change that a company experiences within its balance sheet due to one additional unit of production. • Return on Investment – how much revenue is earned from the investment PTC has made into the data company • Opportunity cost – what else could PTC could be doing with the resources being consumed, and would these be used to make a positive return to the company • Fixed and variable costs – the relationship between revenue earning activities and costs, and
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ILM Level 5 Award in Leadership and Management Unit 502 Making A Financial Case Assignment Assignment This cover sheet must preface every assessment submission; it is a regulatory requirement that every assessment is authenticated as the work of the named learner. Any submission without this sheet being completed will not be marked or verified. Centre Name | Dove Nest Group | Centre Number | 042814 | Learner Name | | Unit Covered in this Submission | 502 – Making A Financial Case
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DEPARTMENT OF FINANCE AND ACCOUNTING BACHELOR OF BUSINESS ADMINISTRATION (BBA) COST AND MANAGEMENT ACCOUNTING (BBA 314) COURSE WORK SEMESTER ONE: 2012/2013 Henry Egyeyu 07/U/456/BAK/PS Tel: +256774366667/+256714366667 Question: Accounting theory and practices have identified financial management, financial accounting and management accounting as distinct entities and granted them independent status. Unfortunately, cost accounting which also appears to many users of accounting data and information
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strong and sound concept. Costing can be defined as “The technique and process of ascertaining costs.” Standard costing is a technique, which uses standards for cost and revenue for the purpose of control through variance analysis. We can say standard costing is a technique of costing, which also established control over costing. Standard cost can be defined “As a pre-determined cost which is calculated from management’s standard of efficient operation and relevant necessary expenditure
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(IFC) All these Certificates there preparation and tests were via Eaac group for training and consultancy. ▪ Cost and managerial accounting: 1) Cost and managerial accounting via Arab academy for science and technology which approved from American university (AUC). 2) Cost accounting and comparison course about how to reduce industry's costs Via El Sahn office for consultancy. (official and approved accounting and auditing office deals with multinational
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12:29 PM Page 335 Issue 3: Cost Flow Assumptions 335 EXHIBIT 7.3 Comparison of Cost Flow Assumptions, Historical Cost Basis Assumed Data Beginning Inventory: TV Set 1 Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchases: TV Set 2 Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TV Set 3 Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cost of Goods Available for Sale .
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Slides Notes Managerial Accounting: process of identifying, measuring, analyzing, interpreting and communicating info. Major activities of managers: planning, controlling, directing and motivating, decision making. PLANNING: Identify alternatives-----select best-----develop budgets Directing and Motivation * Employee work assignments * Routine problem solving * Conflict resolution * Effective communication * Controlling: * -ensure that plans are being followed.
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accounting SOLUTIONS TO EXERCISES EXERCISE 18-1 (15-20 minutes) (a) Huish could recognize revenue at the point of sale based upon the time of shipment because the books are sold f.o.b. shipping point. Because of the return policy one might argue in favor of the cash collection basis. Because the returns can be estimated, one could argue for shipping point less estimated returns. (b) Based on the available information and lack of any information indicating that any of the criteria in FASB
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