PPT-MATERIAL FLOW COST ACCOUNTING (MFCA)

By NATIONAL PRODUCTIVITY COUNCIL ABOUT MFCA MFCA is an environmental management accounting tool developed in Germany in the late 1990s MFCA can help boost an companys economic and environmental performance. Material Consumed 2 Direct Wages and Salaries 3 Direct Expenses 4 Works Overheads 5 Quality Control Cost 6 Research Development Cost 7 Administrative Overheads relating to production activity 8 Total 1 to 7 9 Add Opening stock of Work in Progress COST MANAGEMENT BASICS. 1. Agenda. Accounting Overview. Financial Accounting. Budgetary Accounting. Management Accounting. Output Costs. Transfer Pricing. 2. Accounting Overview. 3. “is the production of financial records about an organization. Accountancy generally produces financial statements that show in money terms the economic resources under the control of management; selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.. . Cost Accounting: . Foundations & Evolutions, . 9e. . Kinney and . Raiborn. Learning Objectives. What are the relationships among financial, management, and cost accounting?. What are . the sources . COST MANAGEMENT BASICS. 1. Agenda. Accounting Overview. Financial Accounting. Budgetary Accounting. Management Accounting. Output Costs. Transfer Pricing. 2. Accounting Overview. 3. “is the production of financial records about an organization. Accountancy generally produces financial statements that show in money terms the economic resources under the control of management; selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.. Flow. . Cost . Accounting. （ＭＦＣＡ）. March, . 2013. Yoshikuni. 　. Furukawa. Secretary of ISO/TC207 WG8. NITTO DENKO CORPORATION. . Contents:. 1. Introduction. 2. Significance and Characteristics of . MONEY. METHOD -OLOGY. MAN. POWER. MATERIAL. MACHINE. R. First M-Money. Poor understanding of financial discipline.. Unscheduled expenses.. Unplanned expenses.. Cash flow management.. Interruptions in cash flow cycle.. Cost Accounting Principles, 9e. Raiborn. . ● . Kinney. Learning Objectives. What are the relationships among financial, management, and cost accounting?. What are . the sources . of authoritative pronouncements for the practice of cost accounting?. Principles – Accounting Constraints, Concepts, Assumptions, and Principles. GAAP PowerPoint . #3. Hierarchy of Qualitative Information. Cost/Benefit. Materiality. www.fasb.org. Discussed in PPT #2. (CAS- 2, 4, 6, 7, 8, 9, 10, 11 & 16). List of Cost Accounting Standards. CAS No.. Title. Effective Date/ Revised Date. CAS 1. Classification of Cost. Revised 2015. CAS 2. Capacity Determination. . . Dr . harshdev. . verma. , department of commerce , . d.d.u.gorakhpur. university . gorakhpur. . .. of cost Accounting. Definition. According to ICMA London, cost accounting is the application of costing and cost accounting principles ,methods and techniques to the science, art and practice of cost control and ascertainment of profitability.it includes the presentation of information for the purpose of decision making. INTRODUCTION. ACCOUNTING. . accounting is wider term and includes recording, classifying and summarizing of business transactions in terms of money, preparation of financial reports and analysis and interpretation of these reports for the... Outputs. Processes. Inputs. Economic Events. Collecting. Measuring. Storing. Analyzing. Reporting. Managing. Special Reports. Product Costs. Customer Costs. Budgets. Performance Reports. Personal Communication. Subscribe my YouTube channel. Commerce Yuga &. THE FAIR TRUTH. https://youtu.be/8bbDzmaAD5o. https://youtu.be/5_SkZovAVKU. Introduction- the cost of production of any product is mainly the cost of material used in the production. So to control...