Cost Accounting Systems

Related lectures (32)

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Discusses the framework of managerial accounting systems and the importance of cost accounting methods.

Introduces Activity-Based Costing (ABC) for cost allocation and analysis in management control.

Explores traditional full cost systems, overhead application rates, cost allocation, and indirect cost methods.

Explores leverage, cost analysis, breakeven sales, and contribution margin in financial management.

Introduces Activity-Based Costing, a method for accurate product cost allocation and decision-making in financial and managerial accounting.

Introduces accounting basics such as the ledger, T-accounts, and debit/credit entries for recording transactions in businesses.

Covers accounting basics, inventory cost flows, cost accounting systems, and manufacturing operations.

Introduces accounting for manufacturing operations, covering product costs, financial statements, depreciation, provision, and adjusting entries.

Explains inventory cost flows, manufacturing vs. merchandising activities, and cost accounting principles.

Covers cost management decisions, objectives, budgeting, performance management, and accounting methods.