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. COST ACCOUNTING. 1. . INTRODUCTION. . The scope of Management Accounting is broader than the scope of cost accounting. In cost accounting, as we have seen, the primary emphasis is on cost and it deals with collection, analysis, relevance, interpretation and presentation for various problems of management. Management Accounting is an accounting system which will help the Management to improve its efficiency. The main thrust of Management Accounting is towards determining policy and formulating plans to achieve desired objectives of management. It helps the Management in planning, controlling and analyzing the performance of the organization in order to follow the path of continuous improvement. Management Accounting utilizes the principle and practices of . 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.. LECTURER: JUDITH ROBB-WALTERS. UNIT 9: MANAGEMENT ACCOUNTING: COSTING AND BUDGETING. LEARNING OBJECTIVE1: BE ABLE TO ANALYSE COST INFORMATION WITHIN A BUSINESS. THE BASIC SYLLABUS. 1. Be able to . analyse. 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. www.YoungMarines.com. 1. Unit Accounting 101. Changes to . Paymast. er. Manual. www.YoungMarines.com. 2. Page 5: . Regarding Paymaster qualifications. --. Cannot be related to, married to, live with, or in a relationship with the Commander. This, to maintain the integrity of the Paymaster / Commander position since the Paymaster reconciles the account and verifies that all funds are being spent appropriately. The Young Marines independent auditor does not allow oversight of one person by another person in any of the relationships above.. Dr.S.BELLARMIN. DIANA. ASSISTANT . PROFESSOR. PG . & RESEARCH DEPARTMENT OF MANAGEMENT . STUDIES. BON . SECOURS COLLEGE FOR WOMEN, THANJAVUR.. INRODUCTION. Accounting serves the purpose of providing financial information relating a business. Such information is provided to people who have an interest in the organization. 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 . 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. Unit . code: Y/508/0537. Credit value: . 15. UNIT 14. : ADVANCED . MANAGEMENT ACCOUNTING . Learning Outcome 2 : . Evaluate . the use of management accounting techniques to support organisational . performance. International Management Accounting. Prof. Dr. Marc Beutner. TH Köln. 1st . Lecture. Part 2. BA International Business. SoSe. 2024 . Bohill. Chapter 1. What. . are. . we. . going. to do?. Accounting costs. Outputs. Processes. Inputs. Economic Events. Collecting. Measuring. Storing. Analyzing. Reporting. Managing. Special Reports. Product Costs. Customer Costs. Budgets. Performance Reports. Personal Communication.