Download or read book Costing Methods for Decision Making written by Tacis Technical Dissemination Project and published by . This book was released on 1997 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Analysis for Decision Making and Control written by Darshana Lakmal and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - Management requires adequate, systematic and useful cost data and reports to manage a business enterprise and to achieve its business objectives. The useful information provided by cost records and reports in cost accounting assist management in making their decisions. Therefore, Management Accounting may be defined as the application of accounting techniques for providing information designed to aid all levels of management in planning and controlling the activities of the business enterprise in decision making. Marginal costing is a costing technique in which only variable manufacturing cost are considered and used while valuing inventories and determining the cost of goods sold. That is, only variable manufacturing costs are considered product cost and are allocated to products manufactured. Absorption cost also known as full costing is a costing technique in which all manufacturing costs, variable and fixed are considered as cost of production and are used in determining the cost of goods manufactured and inventories. All manufacturing costs are fully absorbed in to finished goods. Traditional absorption costing systems have long been subject to criticism. Two long-standing issues have been the choice of appropriate overhead recovery rates and secondly the controversy about the need to allocate overheads at all. During the last two decades the problems of traditional absorption costing and marginal costing were again brought under the spotlight. The paper extends the previous research and literature review that investigate marginal and absorption costing methods whose obviously each have their supporters and arguments both in favor of and against each method.
Download or read book TACIS written by and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Direct Standard Costs for Decision Making and Control written by Wilmer Wright and published by . This book was released on 1962 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Decision Making Using Cost Data written by Daniel Marburger and published by Business Expert Press. This book was released on 2013-08-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: A firm maximizes profits if each decision adds more to the firm’s revenue than to its costs. Although the concept sounds rather simple, it is difficult to do in practice. To ease this difficulty, the authors are giving you the inside knowledge to “economic theory.” This book will help you understand economic theory and much more to accurately infer changes in revenues that may be associated with a decision. And since economic theory suggests that the costs reported by accountants rarely reflect the true cost associated with the decision, this book will help you understand how to assess the changes in revenues and costs. Demand and price sensitivity analysis allow you to infer revenue changes, and this book helps you reconcile the economic theory of cost with common accounting practices so the differences can be reconciled and better decisions can be made.
Download or read book Accounting for Managerial Decision Making written by Don T. DeCoster and published by John Wiley & Sons. This book was released on 1978 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Accounting written by Ralph S. Polimeni and published by . This book was released on 1991 with total page 1156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Comparison of Costing Techniques for Decision Making written by Nilesh Dattatray Kulkarni and published by . This book was released on 2006 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measure Costs Right written by Robin Cooper and published by . This book was released on 1988 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Management written by Ronald W. Hilton and published by . This book was released on 2000 with total page 1016 pages. Available in PDF, EPUB and Kindle. Book excerpt: The disc gives students the tools they need to succeed in the course. It contains tutorial software to reinforce concepts and applications in the textbook, spreadsheet templates using Excel to solve selected problems from the text and PowerPoint slides to help students review.
Download or read book Cost Accounting for Managerial Planning Decision Making and Control written by Woody Liao and published by Cognella Academic Publishing. This book was released on 2013-01-03 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text emphasizes the analysis and evaluation of cost accounting information for managerial planning, control, and decision-making.
Download or read book Accounting for Decision Making and Control written by Jerold L. Zimmerman and published by McGraw-Hill/Irwin. This book was released on 1997 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Accounting written by Ralph S. Polimeni and published by McGraw-Hill College. This book was released on 1991 with total page 1136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text examines the fundamental concepts and techniques of cost accounting in concise, straightforward language with comprehensive coverage of process costing and standard costing.
Download or read book Activity Based Costing written by Patrick Zeuner and published by GRIN Verlag. This book was released on 2012-06 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Business economics - Controlling, grade: 1,3, University of Applied Sciences Wildau (WIT Wildau), course: Managerial Accounting, 18 entries in the bibliography, language: English, abstract: Activity-based costing first gained publicity in the early 1980s. It was developed as a logical alternative to traditional cost management systems that tended to produce insufficient results when it came to allocating costs. Harvard Business School Professor Robert S. Kaplan was an early advocate of the ABC system. Due to a changing business world and strong competition, the cost structure in many companies changed, while facing an increased price pressure. When profit margins are decreasing, companies are focusing not only on external but also internal opportunities to improve their cost structures and to make hidden costs transparent. This lead to the introduction of Activity-based costing (ABC) as a new approach of process thinking to make the internal organization more flexible to react to changes in the production process and allocation of costs as well as to deal with overcapacities. This paper will focus on the ABC tool, which is aiming at transparency, efficiency increase and improvement of the given cost calculation systems. The ABC method enables management to optimize the enterprise with detailed information for a thorough decision making process. ABC is a method for developing cost estimates, based on the activities used within the production process per cost object. To develop a cost estimate the most important activities within the production cycle - the cost drivers - need to be identified. The activity must be definable and measured in units, e.g. number of man hours. After all activities for producing the product are known, a cost estimate is prepared for each activity. These individual cost estimates contain all labour, materials and equipment costs, including overhead, for each activity. Each complete individual e
Download or read book Principles of Accounting Volume 2 Managerial Accounting written by Mitchell Franklin and published by . This book was released on 2019-02-14 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Download or read book Managerial Accounting written by Jerry J. Weygandt and published by John Wiley & Sons. This book was released on 2020-11-16 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover a concise yet comprehensive overview of the foundations of management accounting in Canada from three leading voices in their field The newly revised Sixth Canadian Edition of Managerial Accounting: Tools for Business Decision-Making delivers a thoroughly revised exploration of the foundations and fundamentals of management accounting in a uniquely Canadian context. Along with this series’ hallmark features, including DO IT! Exercises, chapter review and practice sections, educational infographics, real-world Business Insight sections, Decision Tools, and a suite of Digital Tools, this new edition includes a fresh treatment of data analytics in the real world. The book analyzes the impact of data analytics on decision-making and shows readers how to put data analytics into practice in real-world situations. Each chapter also contains brand-new changes, like new highlighted applications of standard costing and new case studies. Online solution walkthrough videos, interactive tutorials, adaptive practice exercises, and comprehensive Excel-based homework material round out the book’s fulsome and educational package. Readers will also benefit from the inclusion of: A thorough introduction to cost concepts for decision makers, including job-order cost accounting, process cost accounting, and activity-based costing An exploration of decision-making concepts, including incremental analysis and alternative inventory costing methods Discussions of planning and control concepts, including budgetary planning, budgetary control and responsibility accounting, and standard costs and the Balanced Scorecard A suite of digital tools, including real-world company videos Perfect for undergraduate students about to begin an accounting program, Managerial Accounting: Tools for Business Decision-Making will also earn a place in the libraries of undergraduate business and MBA students seeking a one-stop reference to the basic principles of management accounting.
Download or read book Critical Analysis of Literature on Traditional and Activity based Costing Methods and Its Impact on Managerial Decision making written by Michelle Rosario Rodríguez and published by . This book was released on 1999 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
