• • • • • • • • • • • • A.M. Introduction Costing Definitions Cost Behaviour Job Costing Material Costing Labour Costing Overhead Analysis Total Absorption Costing Total Absorption Costing Activity Based Costing Variable (Marginal) Costing CVP Analysis CVP Analysis Relevant Costing for decision-making Budgeting Budgetary Control Budgetary Control Exam • P.M. Worked examples 02.08.2011 03.08.2011 04.08.2011 05.08.2011 08.08.2011 09.08.2011 10.08.2011 11.08.2011 12.08.2011 • • • • • • • Worked
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| |Managerial accounting | | |Cost concepts | | |Product costing systems | | |Activities-based costing | | |Cost, volume, and profit analysis | | |Budgeting (except capital budgeting covered | | |under finance) | | |Standard costing | | |Non-routine decision-making
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enable people to evolve with their jobs and adapt to workplace change. These essential skills are literacy, numeracy and ICT. Comms is to ensure people can read write, Application of Number is to enable people to have the skills to manage cash and budgeting. ICT is a skill used in almost every workplace, therefore learners need to have the ability to be able to use it within a working environment. These are the minimum skills expected of an adult in a working environment. 2.3 Possible outcomes
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management Saurabh Marwah, Dingnang, Boyang Asia Pacific International College Research Topic: The impact of total supply chain management on organization performance? Literature review 2 Introduction Operations management is an important part for all the organizations to run themselves successfully or in a professional manner. It refers to decisions and responsibilities of managing the resources dedicated to the production and service delivery. Managers are the people who are responsible
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Accounting FOR DUMmIES 4TH ‰ EDITION By John A. Tracy, CPA Accounting For Dummies®, 4th Edition Published by Wiley Publishing, Inc. 111 River St. Hoboken, NJ 07030-5774 www.wiley.com Copyright © 2008 by Wiley Publishing, Inc., Indianapolis, Indiana Published by Wiley Publishing, Inc., Indianapolis, Indiana Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical
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Fourth Edition Financial & Managerial Accounting for MBAs Peter D. Easton Robert F. Halsey Mary Lea McAnally Al L. Hartgraves Wayne J. Morse Cambridge Business Publishers To my daughters, Joanne and Stacey —PDE To my wife Ellie and children, Grace and Christian —RFH To my husband Brittan and my children Loic, Cindy, Maclean, Quinn and Kay. —MLM To my wife Aline. —ALH To my family and students. —WJM Cambridge Business Publishers FINANCIAL & MANAGERIAL ACCOUNTING
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Introduction Activity-based costing (ABC) is a methodology of costing that recognizes activities in an organization as a whole and then allocates the cost of each activity or transaction with resources to all services and products in accordance to the actual consumption by each of the cost. This model assigns more indirect costs into the direct costs when it is being compared to conventional or traditional costing. According to CIMA (Chartered Institute of Management Accountants), ABC is a medium
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enabled by lean thinking and lean production methods. And lean accounting not only needs lean manufacturing, it also facilitates lean manufacturing.1 That’s why lean accounting is always related to, but not necessarily have to be associated with lean manufacturing. Here are some specific positive reasons that lean accounting is important. 1. Reduces time, cost, and waste by eliminating wasteful transactions and systems. 2. A better way to understand costs, product costs and value stream
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Hum/ 260 Dq 1 and 2 The statement of activities is basically an accounting of all agency revenues and expenses for the fiscal year. In standard business (and in some sense, to non-profit agencies as well), this statement is called a profit and loss statement. It shows how much profit is left over after all expenses have been taken out. While non-profits do not make a profit in the traditional sense, they can take a portion of revenues and expand the program or purchase new equipment for use within
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The ABCs of ERP Compiled from reports by Christopher Koch, Derek Slater and E. Baatz (From CIO on December 22,1999) What is ERP? Enterprise resource planning software, or ERP, doesn’t live up to its acronym. Forget about planning it doesn’t do that and forget about resource, a throwaway term. But remember the enterprise part. This is ERP's true ambition. It attempts to integrate all departments and functions across a company onto a single computer system that can serve all those different departments’
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