Functions, scope, and limitations of management accounting, as well as cost accounting, break-even analysis, marginal costing, activity-based costing, budgeting, standard costing, responsibility centers, and current issues in management accounting.

21 views • 22 slides

Leverage in financial management refers to using assets or funds with fixed costs to analyze the impact of debt and equity mix on shareholder returns and risk. Operating leverage focuses on leveraging fixed operating costs to amplify profit changes with sales variations, measured by the degree of op

1 views • 6 slides

Presented by Bram Lerat, Khrystyna Orobets, and Ronda Ziakris for the Assembly of First Nations, this presentation discusses tools available for First Nations education costing studies, including inclusive education and transportation cost models. The session covers key elements of cost studies and

1 views • 26 slides

Costing out approaches and studies have been developed to ensure schools and districts have adequate resources to meet state education standards. Implementing these approaches involves professional judgment, evidence-based benchmarks, and data requirements. Using multiple approaches allows for trian

0 views • 12 slides

Lifecycle costing involves tracking cost records of assets throughout their entire lives, optimizing asset usage at minimal cost. Product lifecycle costing accumulates a product's costs from inception to disposal, with stages like Introduction, Growth, Maturity, and Decline. It helps assess profitab

4 views • 19 slides

An operating system is a crucial program that manages all other programs on a computer. It handles tasks like input recognition, file management, and device control. There are different types of operating systems such as single-user, single-task systems, multi-user, multi-task systems, real-time ope

6 views • 11 slides

In the field of estimation and costing, four main methods of specifying are used: Descriptive, Performance, Reference Standard, and Proprietary. Descriptive specifications provide detailed descriptions without using proprietary names, allowing for tight control over specified work. Performance speci

1 views • 9 slides

This guidance outlines the development of an Annual Operating Plan and Target Operating Model (TOM) to enhance collaboration and improve outcomes for young people. It emphasizes aligning planning activities, co-designing learner experiences, and maximizing collective resources through strategic part

1 views • 9 slides

An operating table system comprises three components - the table column, table top, and transporter, each available in different versions for various surgical disciplines. Stationary tables are anchored to the floor, offering flexibility to adapt to patient needs. Mobile tables provide maneuverabili

0 views • 12 slides

Operating costing is a method utilized by service-oriented businesses to ascertain the costs of providing services. Industries such as transportation services, welfare services, utility suppliers, and municipal services find operating costing beneficial. The method involves classifying costs into th

0 views • 6 slides

An operating system is essential software that manages a computer's hardware and software, allowing users to interact with the computer. Learn about the functions of an operating system, its importance, types available such as Microsoft Windows and macOS, and how they impact different devices. Disco

1 views • 11 slides

The National Aeronautics and Space Administration (NASA) discusses platform layer updates for the CAELUM (7.0) release of the Core Flight System in the 2021 Flight Software Workshop. The platform layer consists of the Operating System Abstraction Layer (OSAL) and Platform Support Package (PSP), whic

1 views • 20 slides

Operating costing involves ascertaining costs for providing standardized services, aiding in efficiency, cost control, pricing decisions, and equipment maintenance. The objectives, unit of cost, and cost classifications are crucial components of this costing method.

1 views • 5 slides

Process costing is a widely used method in mass production industries like steel and chemicals. It involves accumulating costs process-wise for standardized products resulting from sequential operations. Essential characteristics include continuous production, standardized products, and handling nor

1 views • 18 slides

Project cost estimation involves valuing all monetary aspects necessary for planning, implementing, and monitoring a project. This includes various entrants such as preliminary investigation costs, design fees, construction expenses, and more. The purpose of cost estimation is to determine work volu

1 views • 44 slides

An operating system plays a crucial role in managing computer hardware and facilitating user-computer interactions. It serves as an intermediary between users and hardware components, ensuring efficient resource allocation and control. The operating system coordinates the use of hardware resources b

5 views • 16 slides

Absorption costing is a method that includes direct costs and a fair share of production overhead costs in the cost of a product. Overhead absorption rate (OAR) is calculated using budgeted figures and can lead to over/under-absorption. Over-absorption occurs when absorbed overhead is more than actu

1 views • 23 slides

Activity-Based Costing (ABC) is a strategic costing method that allocates overhead costs to products based on activities. It offers benefits such as accurate cost allocation and identifying cost drivers but also has challenges due to increased complexity and customization. ABC differs from tradition

1 views • 15 slides

Absorption costing, also known as full costing, encompasses all costs including fixed and variable related to production. It aids in determining income by considering direct costs and fixed factory overheads. Meanwhile, marginal costing focuses on only variable manufacturing costs and treats fixed f

0 views • 14 slides

Unit costing is a method based on production units and is used in industries with continuous and uniform production of a single product or similar grades. The cost per unit is calculated by dividing the total cost incurred by the number of units produced. Various industries like collieries, quarries

2 views • 18 slides

Marginal Costing is a cost analysis technique that helps management control costs and make informed decisions. It involves dividing total costs into fixed and variable components, with fixed costs remaining constant and variable costs changing per unit of output. In Marginal Costing, only variable c

1 views • 7 slides

Process costing is a crucial aspect of advanced cost management accounting, involving the allocation of costs in manufacturing. This process collects and processes costs incurred in different stages of production, distinguishing between normal and abnormal losses. It addresses wastage, cost allocati

0 views • 11 slides

This covers topics such as modern manufacturing, costing techniques, continuous quality management, optimizing throughput, externally-focused management approaches, forecasting techniques, pricing decisions, project management, and more. Specific discussions include differences between cost accounti

0 views • 11 slides

Contract costing in management accounting refers to a specific type of job costing applied to long-term projects like construction. Contracts serve as cost centers executed under customer specifications, involving materials, wages, direct charges, sub-contracts, and completion certificates. Contract

0 views • 14 slides

The content discusses various scenarios related to costing and variance analysis in manufacturing processes. It addresses topics such as direct materials usage variance, direct labor mix and yield variances, total direct labor efficiency variance, and standard costing system variances. The examples

0 views • 8 slides

Explore the different costing techniques such as Job Order Costing, Process Costing, and Operation Costing, as outlined by Martina Dal Molin for the Management Principles course. The Job Order Costing method focuses on allocating costs based on individual jobs or batches of products, emphasizing dir

3 views • 20 slides

Explore the application of Activity-Based Costing (ABC) in International Management, focusing on methods of assigning overheads, cost drivers, product and period costs, and value chain analysis. Dive into topics such as budgetary control systems, standard costing, flexible budgets, variance analysis

0 views • 48 slides

Activity-Based Costing (ABC) is a method used to allocate costs accurately by identifying activities that drive costs. It involves assigning costs to products based on the activities required to produce them. This approach provides a more precise reflection of the resources consumed by each product,

1 views • 8 slides

Job costing in manufacturing involves assigning manufacturing costs to work in process through debits to work in process inventory and credits to raw materials inventory, factory labor, and manufacturing overhead. Job cost sheets are used to record costs chargeable to specific jobs, acting as a subs

2 views • 44 slides

Explore the fundamentals of industrial costing, including different cost types and accounting systems such as actual cost accounting, normal cost accounting, and standard cost accounting. Learn about cost data control, tasks of cost accounting, and the integration of cost type accounting in cost and

1 views • 24 slides

Costing is a crucial technique for businesses to ascertain their costs, regardless of being in manufacturing, merchandizing, or service provision. This article explores various methods of costing such as job order costing, batch costing, contract costing, process costing, and service costing. Job or

0 views • 53 slides

Explore the comprehensive study of costing including cost classification, composition of selling price, cost sheet format, prime cost, factory overheads, office and administrative overheads, cost of production, distribution overheads, and more in TYBCOM Sem V with the expert guidance of Faculty Dr.

0 views • 13 slides

Exploring the process of costing and pricing road works, including factors to consider, building up rates, and the importance of accurate cost estimation. Contractors cost road works to estimate resources, set competitive prices, and ensure profitability. Various approaches to costing works and key

0 views • 24 slides

Explore the intricacies of cost management in food product development, including factors affecting costing, ways to reduce cost prices, and the impact on profit margins. Learn about key components of costing such as raw materials, testing, packaging, transportation, and marketing. Discover the diff

0 views • 12 slides

UNIX is a versatile operating system that enables multi-user access, multitasking, and portability across various computing environments. It serves as the foundation for many modern operating systems and has influenced concepts incorporated in Microsoft Windows and DOS. The UNIX system comprises dis

0 views • 51 slides

Explore the fundamentals of cost accounting through the 14th edition by Carter. Learn about cost concepts, production costing, job order costing, process costing, activity-based accounting, joint costing, and standard costing. Dive into assessments, activities, and classifications of costs related t

0 views • 28 slides

Operating costing, also known as service costing, is a method of determining costs for standardized services provided by organizations. It focuses on service provision rather than manufacturing goods. Key features include uniform service delivery, classification of costs into fixed and variable, and

0 views • 6 slides

An operating system is a crucial program that manages computer hardware and serves as an intermediary between users and hardware. This chapter explores the role of operating systems in a computer system, covering components like hardware, application programs, and users. It delves into how operating

0 views • 16 slides

Job and Batch Costing are methods used in industries to ascertain the cost of specific jobs or batches separately. Job Costing is ideal for dissimilar or non-repetitive industries, while Batch Costing treats each batch as a cost unit. Both methods help in cost analysis, profitability assessment, and

0 views • 7 slides

Full costing in higher education involves accounting for both direct and indirect costs related to activities, projects, or cost units. It is important for efficient resource allocation, strategic decision-making, benchmarking, and transparency. By revealing the total costs involved, it provides val

0 views • 29 slides