TAILIEUCHUNG - Lecture Accounting: What the numbers mean (2/e) - Chapter 13: Cost accounting and reporting systems

Chapter 13 - Cost accounting and reporting systems. After completing this unit, you should be able to: Explain the role of cost accounting as it relates to financial and management accounting, explain the strategic role cost management plays in the organisation’s value chain, explain the difference between direct and indirect costs,. | CHAPTER 13 Cost Accounting and Reporting Systems 13- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Learning Objectives Explain the role of cost accounting as it relates to financial and management accounting. Explain the strategic role cost management plays in the organisation’s value chain. Explain the difference between direct and indirect costs. Explain the difference between product and period costs. Explain the general operation of a product costing system. Calculate predetermined overhead application rates. Present a statement of cost of goods manufactured. Explain the difference between absorption and direct costing. Apply activity-based costing. 13- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Overview Cost accounting is a subset of management accounting. It relies on the accumulation and determination of product, process or service costs for the purposes of assigning these costs to a cost object. Accurate cost information is necessary to help managers make pricing decisions and evaluate productivity and efficiency. 13- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Cost Accounting Financial accounting - focus on external reporting Cost accounting - focus on cost accumulation and assignment Management accounting - focus on internal reporting 13- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Strategic, operational, and financial Planning Planning and control cycle Data collection and performance feedback Implement plans Revisit plans Performance analysis: Plans vs actual results (Controlling) .

• Kế toán - Kiểm toán
• Lecture Accounting
• Accounting information
• Accounting standards
• Cost accounting
• Reporting systems
• Value chain functions
• Financial accounting
• Lecture Financial accounting
• Management accounting
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Managerial accounting
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions