Management Accounting
- Accounting
What Are The Classification Of Costs?
Classification of costs are needed for the development of cost data that are useful to management. There are five major…
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Importance Of Past Data Analysis For Decision Making
Past data analysis is an important aspect of cost accounting. Measuring annual or periodic profit, including inventory costing, pertains mainly…
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What Are The Different Uses Of Cost Data?
First 2 of different uses of cost data have been discussed here: now we are discussing another 3 different uses…
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What Are The Uses Of Cost Data?
The collection, presentation, and analysis should serve the following essential uses of cost data: Planning profit by means of budgets…
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Essentials Of A Good Information System In Cost Accounting
Essentials of a good information system are necessary to discharge cost accounting duties.With the help of the managers in charge…
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Cost Accounting Source Documents Overview
Cost Accounting source documents As we know, Major part of cost accounting source documents generally originates outside the accounting function.…
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Inventory accounting goods in transit: at the end of the reporting period
Inventory accounting goods in transit: at the end of the reporting period? Accounting for goods in transit at end of…
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Why is Net Realizable Value Important
What is net realizable value? Is it the same as fair value? Net realizable value is the net amount that…
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Impact on the reported profit and asset value for an accounting period of the FIFO and average method.
Impact on the reported profit and asset value for an accounting period of the FIFO and average method. The key…
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Difference between the FIFO and Weighted Average method of Inventory?
Difference between the FIFO and weighted average method of Inventory? The first-in, first-out method assumes that the items of inventory…
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