'Period costs' diaporamas de présentation

CHAPTER 18

CHAPTER 18. M ANAGERIAL A CCOUNTING C ONCEPTS /J OB C OSTING. Compare Managerial and Financial Accounting. Financial accounting provides information for external use. Managerial accounting provides information for internal use. Creditors and investors. Managers. Financial Accounting

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Cost Terms, Concepts, and Classifications 2/09/04

Chapter 2 Cost Terms, Concepts, and Classifications 2/09/04 Transition Work of management involves planning (set goals) and control (measurement) Managers need information about the organization to perform these tasks Most of this information relates to the costs of the organization

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An Introduction to Cost Terms and Purposes

An Introduction to Cost Terms and Purposes. Chapter 2. Define and illustrate a cost object. Learning Objective 1. Cost and Cost Terminology. Cost is a resource sacrificed or forgone to achieve a specific objective. An actual cost is the cost incurred (a historical cost)

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Learning Objective 1

Define and illustrate a cost object. Chapter 2 - An Introduction to Cost Terms and Purposes. Learning Objective 1. Cost and Cost Terminology. Cost is a resource sacrificed or forgone to achieve a specific objective. An actual cost is the cost incurred (a historical cost)

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Chapter 5--Learning Objectives

Chapter 5--Learning Objectives. 1. Explain the relationship between expense recognition and revenue recognition. Expenses.

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Chapter 4

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Cost Accounting

Cost Accounting. AGEC 489-689 Spring 2010. Managerial Cost Concepts. Direct materials : raw materials physically associated with the final product Direct labor : employees physically and directly associated with the final product Overhead : costs indirectly associated with the final product.

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Stock Valuation

Chapter 14. Stock Valuation. Applying the Historical cost principle means that stock should be valued at its original purchase price, as this is verifiable by reference to a source document. In turn, this ensures Reliability in our reports, because our valuation will be free from bias.

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Chapter 1

Chapter 1. Introduction to Managerial Accounting. Learning Objective 1-1. Describe the key differences between financial accounting and managerial accounting. Role of Managerial Accounting in Organizations. Decision-Making Orientation.

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Managerial Accounting and the Business Environment

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Chapter 2

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Chapter 4

Chapter 4. Cost Management Systems and Activity-Based Costing. Distinguish among direct, indirect, and unallocated costs. Learning Objective 3. Cost. A cost may be defined as a sacrifice or giving up of resources for a particular purpose.

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Chapter 1

Chapter 1. Introduction to Managerial Accounting. Learning Objective 1-1. Describe the key differences between financial accounting and managerial accounting. Role of Managerial Accounting in Organizations. Decision-Making Orientation.

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Manufacturing Accounting

Manufacturing Accounting. Manufacturing Accounting. Recall: Assets are measured at full absorption cost Includes all costs of acquiring asset and putting in place Expenses are measured at the carrying value of the asset sacrificed Issue: How do we measure all the costs?. Cost Allocation.

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Prepared by Diane Tanner University of North Florida

Chapter 29. Manufacturing Costs. Prepared by Diane Tanner University of North Florida. Buy products Sell products. Buy materials Use labor to produce products Sell products. Manufacturing vs. Merchandising Differences. Merchandising Companies. Manufacturing Companies.

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Overview of Job Order Costing

Materials Inventory. Direct Labor. Direct Labor. Work in Process Inventory. Cost of goods manufactured. Factory Overhead. Factory Overhead. Finished Goods Inventory. Overview of Job Order Costing. Costs & Expenses. Product Costs. Balance Sheet. Materials Purchases. Materials

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Entrepreneurial strategy

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Principles of Managerial Accounting

Principles of Managerial Accounting. Chapter 7. Absorption Costing. Treats ALL costs of production as product costs, regardless of whether they are variable or fixed.

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Basic Managerial Accounting Concepts

Basic Managerial Accounting Concepts. Costs: provide future benefits Become expenses when used up Accumulating costs: linking costs to cost object Cost object: cheeseburger flying passenger to Tampa Building a Walgreens Rural King store in Paris. Basic Managerial Accounting Concepts.

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Management Accounting A Value Added Discipline

Management Accounting A Value Added Discipline. Financial and Managerial Accounting Distinguished. Objectives of Chapter 1. Comparison of Financial Accounting with Managerial Accounting Distinguish Product Costs From Period Costs

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