TAILIEUCHUNG - Lecture College accounting (13/e): Chapter 25 - Price, Haddock, Farina

Chapter 25 - Departmentalized profit and cost centers. After reading this chapter, you should be able to: Explain profit centers and cost centers, prepare the gross profit section of a departmental income statement, explain and identify direct and indirect choose the basis for allocation of indirect expenses and compute the amounts to be allocated to each department,. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Departmentalized Profit and Cost Centers Section 1: Profit and Cost Centers and Departmental Accounting Chapter 25 Section Objectives Explain profit centers and cost centers. Prepare the Gross Profit section of a departmental income statement. Explain and identify direct and indirect departmental expenses. Choose the basis for allocation of indirect expenses and compute the amounts to be allocated to each department. Managerial Accounting Provides financial information about business segments, activities, or products. Supplies information on profitability of a specific department or order. Provides data for making decisions. Cost centers do not directly earn revenue. Cost centers often provide services to other business segments: Accounting department Information systems department Purchasing department Cost Centers Profit Centers Accounting data is gathered and analyzed separately for .

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Departmentalized profit
• Cost centers
• Job order cost accounting
• Accounting for sales
• Accounts receivable
• Accounting for purchases
• Accounts payable
• Closing procedures
• Accounting cycle
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• General ledger
• General journal
• The worksheet
• Trial balance
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll computations
• Payroll laws
• Payroll taxes
• Employee income tax
• Recording adjustments
• Uncollectible accounts
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions