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Essay

Management Acctg.

Essay specific features

 

Issue:

Book Reports

 

Written by:

Charles P

 

Date added:

January 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1189

 

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3395 times

 

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Essay content:

MANAGEMENT ACCOUNTING INFORMATION • has three principal purposes, each of which requires a different cost construct. THREE PURPOSES OF MANAGEMENT ACCOUNTING: 1. MEASUREMENT • Cost is a measurement, in monetary terms, of the amount of resources used for some purpose, called a cost object. • The system collects the full cost of cost objects...
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The full cost of a cost object is the sum of its direct costs and a fair share of applicable indirect costs. • The most pervasive cost objects in the company are the goods and services it produces and sells, and companies operate cost accounting systems to collect these product costs. Uses of full cost principle: • To measure the full cost of any activity (example, the organization’s training programs) not just product costs • Used in financial reporting to measure inventories and the related cost of sales • Used in management accounting to arrive at normal prices and regulated rates and to analyze the economic performance of business segments and the profitability of the products these segments produce and sell 2...
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General issues of this essay:
Management Acctg. 5 Responsibility Centers and Financial Control MANAGEMENT CONTROL IN A BUSINESS NETWORK: NEW CHALLENGES FOR ACCOUNTING Management Control System Budgeting Managment Accounting, Financial Control, Management Control, Strategic Management Accounting (Sma) management control system Organization Can Be A Stressful Place In Which To Work, Thus Stress Management Is Becoming An Important Issue At Work. It Can Be Argued That The Responsibility For Stress Management Lies With Both The Organization And The Individuals Who Are, Or C... Performance Management System In V&A Museum A Report whiz management control system Patrol Units turbo units Biomes as Units of the Biosphere Units Of Measurement sociology and family units tirupati management control system
 

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