Preview

Cost Accounting Study Guide

Powerful Essays
Open Document
Open Document
4767 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cost Accounting Study Guide
Study guide
ACG24
Management Accounting

This module has been developed using material with the acknowledgement and permission of Horngren, C.T., Datar, S., Foster, G., Rajan, M., Ittner, C., Wynder, M., Maguire, W. and Tan R. (2010), Cost Accounting; a Managerial Emphasis (1st Australian Edition), Prentice Hall International, Englewood Cliffs, New Jersey. We greatly appreciate the support of Leanne Lavelle of Pearson/Prentice-Hall Australia throughout the process.

The University of South Australia is grateful to the publishers, agents and authors who have allowed use of their work in this study guide. While every care has been taken to establish and acknowledge copyright, we tender apologies for any accidental infringement. We are pleased to suitably address any case.

Introduction to ACG24 Study Guide
This study guide provides a complement to the ACG24 text book by Horngren et al. Revised Edition (2011). The Horngren text book is the main source of information on any particular topic for the course, where this study guide integrates with and reinforces the concepts covered in the text book. The contents of this study guide point out learning objectives, introduce topics and provide fundamentals only it is not a replacement for the textbook. We suggest you adopt a pattern of study as follows:

* Read the textbook chapter/s to gain an introduction to and knowledge of the topic. * Read the textbook chapter a second time followed by working the activities listed at the end of the Study Guide topic. Below is an example of the format used for providing activities to work for a topic: | Work the end of chapter Problem for Self StudyActivities from your text bookQuestions: 15-1, 15-3, 15-10Exercises: 15-16, 15-20, 15-21MyAccountingLab Chapter 15 |

Following completion of the activities, compare your solutions posted on the unit web page at the end of each week and review the study guide material. To round out your study, access the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Principles of Accounting II Cost Accounting Accounting is the accumulation and aggregation of info for decision makers including administrators, traders, authorities, loan providers, as well as the general public. Accounting systems impact behavior and administration and have effects across divisions, companies, and even nations. This report will provide the reader a knowledge regarding cost accounting. This report will talk about: Why is cost accounting so essential to the achievement of the company; what are the different ways of cost accounting and how are they utilized; how does an operating budget work in order to control a firms administration; what are the factors of a financial budget; how are financial budgets developed; what is variance analysis and the way its utilized. Cost accounting can be defined as the procedure of gathering, computing, assessing, interpreting as well as reporting cost info which is both helpful and related to the internal and external stakeholders of a business. Among the many advantages of cost accounting is that it converts data into info, knowledge and wisdom regarding a business entitys functions which is helpful for: gauging efficiency, decreasing or controlling expenses, deciding the charges or rates for services and goods, determining to approve, change or stop a plan or activity. One more advantage is that info on the costs programs as well as activities can be used as a foundation in order to approximate future expenses in organizing as well as analyzing budget requests. As soon as budgets are authorized as well as executed, cost info serves as a helpful comment on efficiency. In addition to that, costs might be compared to known or supposed advantages in order to identify value-added and non-value added actions.…

    • 673 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    PSY 202 Week 1 DQs

    • 732 Words
    • 3 Pages

    Week One Exercises. Complete the following exercises from Chapter 10 11 and submit them to the instructor by the end of Day 3. This assignment will be graded as a completion only. The instructor will post the answers to these exercises by the end of Day 5 for you to check your accuracy and comprehension of the subject matter. Exercises: 10-1, 10-3, 10-6, 11-1, 11-6, 11-15.…

    • 732 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Accounting Study Guide

    • 1698 Words
    • 14 Pages

    1. The reason economists and accountants have problems using cost analysis in the real world is that…

    • 1698 Words
    • 14 Pages
    Good Essays
  • Powerful Essays

    BSC 215

    • 1809 Words
    • 7 Pages

    We will cover key topics of the chapter that will follow with your required reading. I will provide notes online before each class so that you can follow along and take your own notes. Try to use this time to grasp terms and concepts from the examples that I give. We will also have several clicker activities to reinforce topics.…

    • 1809 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Study Guide

    • 2167 Words
    • 9 Pages

    No study is more valuable that careful reading of your textbook. Questions are often made straight from the words of the text. If there are sections from Chapters 1 through 8 that you did not read, go back and read it. - Bareford, Brink, Wrasman…

    • 2167 Words
    • 9 Pages
    Satisfactory Essays
  • Better Essays

    Study Guide

    • 3183 Words
    • 13 Pages

    Warning: The lecture summaries are an overview of the material. They are not a substitute for…

    • 3183 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    study guide

    • 1989 Words
    • 8 Pages

    Methods and Activities: The course requires reading and studying the text. In addition, a topical/lecture outline is provided for each chapter. Additional material will include Internet links, news articles, and interactive tools.…

    • 1989 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    physical assessment

    • 302 Words
    • 2 Pages

    Refer to the module readings and chapter readings for concepts that help support your main points.…

    • 302 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Risks of High Protein Diets

    • 7834 Words
    • 32 Pages

    Teaching Role Name Telephone Email Room Consultation Times Coordinator, Lecturer and Tutor Dr Les Kirchmajer (02) 42214042 lesk@uow.edu.au 40.G07 Monday 14:30 - 16:30 Wednesday 14:30 - 16:30 Lecturer and Tutor Ms Pauline Ross T.B.A. T.B.A. T.B.A. T.B.A.…

    • 7834 Words
    • 32 Pages
    Satisfactory Essays
  • Good Essays

    References: Horngren, C., Sundem, G., Stratton, W., Burgstahler, D., and Schatzberg, J. (2008). Introduction to Management Accounting; Chapters 1-17, Fourteenth Edition. Upper Saddle River, NJ: Pearson/Prentice Hall…

    • 553 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    All the information needed is in the textbook and in your personal experience; use both to your full advantage.…

    • 944 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    How To Succeed In College

    • 292 Words
    • 2 Pages

    Use the text and images together, most of the study guides are tied to images…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Management Science

    • 9749 Words
    • 39 Pages

    The Solutions Manual furnishes assistance by identifying learning objectives and providing detailed solutions for all exercises in the text.…

    • 9749 Words
    • 39 Pages
    Satisfactory Essays
  • Good Essays

    Gögn

    • 943 Words
    • 4 Pages

    The Board of Dumbellow Ltd are meeting on the 23rd January to discuss the draft budget for 2000/1, some two months before the start of that year. The company produces three industrial valves which are incorporated into equipment used in the Oil and Gas industry. The draft income statement is as follows: Product X £k Sales 100k units at £15 80k units at £25 120k units at £10 Materials Labour Overheads Profit/(Loss) 300 700 225 1225 275 400 800 360 1560 440 1500 2000 1200 480 750 330 1560 (360) 4700 1180 2250 915 4345 355 Product Y £k Product Z £k Total £k…

    • 943 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Tesol

    • 284 Words
    • 2 Pages

    Each chapter contains opportunities for self-assessment and it offers multiple formats for it, and the online testing by using Edge e-Assessment, results are immediately come out in class, school, and…

    • 284 Words
    • 2 Pages
    Satisfactory Essays