PPT-UNIT 1: Introduction To Cost Accounting

Meaning of Cost and Cost Accounting Objectives of Cost Accounting Cost Terminology Classification of Costs and Calculation of Various Cost 1 P Chinna sahaya Rani COST MEANING Cost means the amount of expenditure actual or notional. & . Analysis. Stan . Bevers. Professor & Ext. Economist. Texas . A&M . AgriLife. Extension Service. Vernon, TX. April 2, 2013. The Changing Role of Risk in Livestock Production Management. 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.. Slide 1 of 18. CA PARAS JAIN. parasjain2807@gmail.com. +91 9819815706. Accounting Policies. Changes in Accounting Policies. Accounting Estimates. Changes in Accounting Estimates. Prior Period Errors. The standard was extensively revised in Dec 2003. The new title reflects the fact that the material on determining net profit or loss for the period has been transferred to IAS 1.. Mr. Barry. A-level Accounting Year 13. 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.. ACCOUNTING. AN ECONOMIC DEVELOPMENT. ACCUSER. OF ACCOUNTING INFORMATION . OUTING. AS AN A INFORMATION SYSTEM. FACTORES INFLUENCING ACCOUNTING ENVIRONMENT. ACCOUNTING STANDERDS . ACCOUNTING PRINCIPLE . 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?. and . Conceptual Framework for Financial Reporting. ACCT-3030. 1. 1. Basic Definitions. What is accounting?. the identification, measurement, and communication of financial information. about economic entities. -A.K.GANESHAN. Retd.Sr.AFA/SF. Accounting. The Following are the main bases of accounting. Cash basis. Accrual basis. Mixed basis i.e., partly cash basis and partly accrual basis. What is Cash Accounting System. Workshop Accounts. Introduction:. Production units and workshops established in Indian Railways are meant for Building. (Creating the asset). , Repair & Maintenance of various kinds of Rolling Stock (i.e. Locos, Carriages, Wagons and other departmental vehicles) (. The Benefits of Reading Books . . Dr . harshdev. . verma. , department of commerce , . d.d.u.gorakhpur. university . gorakhpur. . .. Presented by. Dr. . . B. N. Shinde. Assistant Professor. Department of . Commerce. Deogiri . College, Aurangabad. Management Accounting: Introduction. Introduction. . A business enterprise must keep a systematic record of what happens from . Outputs. Processes. Inputs. Economic Events. Collecting. Measuring. Storing. Analyzing. Reporting. Managing. Special Reports. Product Costs. Customer Costs. Budgets. Performance Reports. Personal Communication.