Raising Funds and Cost of Capital
1. What are the three primary roles of financial markets? Explain.
Financial markets serve three major functions.
• Channel funds. Financial markets help channel funds from suppliers to demanders. Within an economy, some have a surplus of funds while others
Basic Cost Concepts
• To understand the meaning of different costing terms to understand different costing methods
• To have a basic idea of different costing techniques
• To understand the meaning of cost sheet
In order to determine and take a
Study Material Prepared By
INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA
Junior Accounts Officer(Civil) Examination
CONTROLLER GENERAL OF ACCOUNTS
BASICS OF COST ACCOUNTING
1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 E
Basis for planning and control
For management future planning their day-by-day control activities, financial, cost and economic data gathers by controller, chief executive and accounts departments.
They must have good communication with party’s concern government agencies a
Cost & Management Accounting (MGT-402) VU
(C) Copyright Virtual University of Pakistan 1
COST CLASSIFICATION AND COST BEHAVIOR
Cost Accounting is an expanded phase of financial accounting which provides management
promptly with the cost of producing and/
Cost Accounting : An Introduction
MODULE - 6B
Elementary Cost Accounting
COST ACCOUNTING : AN INTRODUCTION
After passing your senior secondary examination, if you set up a small manufacturing unit, say manufacturing of packing boxes, a problem will arise what price of each box you should
a s t r a t e g i c e m p h a s i s
Blocher | Stout | Cokins
A Strategic Emphasis
A Strategic Emphasis
Edward J. Blocher
University of North Carolina at Chapel Hill Kenan-Flagler Business School
Introduction to Cost and Management
Accounting in a Global Business Environment
After completing this chapter, you should be able to answer the following questions:
How do financial and management accounting relate to each other?
Information for Decision-Making and Strategy Execution
Anthony A. Atkinson
University of Waterloo
Robert S. Kaplan
Ella Mae Matsumura
University of Wisconsin–Madison
S. Mark Young
University of Southern California
ACCOUNTING FOR BUSINESS II
Meaning And Scope of Cost Accountancy
The term cost accountancy is wider than the term cost accounting. According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management Accountants, Lo
Cost Terms, Concepts, and Classifications
LO1. Identify and give examples of each of the three basic manufacturing cost categories.
LO2. Distinguish between product costs and period costs and give examples of each.
Experience Cost Accounting in the Real World with
No additional cost when packaged with a new book!
Developed by Dan Heitger of Miami University, new videos in the Experience Accounting Video Series showcase Accounting success! Get an inside look into the unique decision-making
1. Define cost object and give three examples
Cost object is defined as “Anything for which a separate measurement of cost is desired”. The term cost object and cost objective is synonymous. Cost object may refer...
Cost Management Systems and Activity-Based
The focus of this chapter is on how costs are classified, accumulated, and assigned to products, services,
and periods. A key concept to learn from this chapter is that...
COST CLASSIFICATION ASSIGNMENT
To classify the various costs would first of all require a definition between the two types of accounting that practically all businesses have to face and a number of key terms which are equally important. These are management accounting and financial accounting.
TASK 1: Cost Classification and Ethics
The Sorrel Pharmaceuticals Corporation manufactures a variety of drugs that are marketed internationally. Inventories on May 31 and June 30 were as follows:
May 31 June 30
Materials Inventory $354,100 $327,400
Work in Process Inventory 112,600 116,400