CPA MANAGEMENT ACCOUNTING CERTIFIED PUBLIC ACCOUNTANTS PART 1 SECTION 2 A + latest updated version
10 mal angesehen 0 mal verkauft
Kurs
CPA CERTIFIED PUBLIC ACCOUNTANTS
Hochschule
CPA CERTIFIED PUBLIC ACCOUNTANTS
CPA MANAGEMENT ACCOUNTING CERTIFIED PUBLIC ACCOUNTANTS
PART 1
SECTION 2 A + latest updated version .
MANAGEMENT ACCOUNTING
GENERAL OBJECTIVE
This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable
him/her to apply management accounting principles an...
cpa management accounting certified public account
Schule, Studium & Fach
CPA CERTIFIED PUBLIC ACCOUNTANTS
Alle Dokumente für dieses Fach (1)
Verkäufer
Folgen
a_plus_work
Deine Reviews
Inhaltsvorschau
CPA
CERTIFIED PUBLIC ACCOUNTANTS
PART 1
SECTION 2
MANAGEMENT ACCOUNTING
STUDY TEXT
, MANAGEMENT ACCOUNTING
MANAGEMENT ACCOUNTING
GENERAL OBJECTIVE
This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable
him/her to apply management accounting principles and concepts in business
LEARNING OUTCOMES
A candidate who passes this paper should be able to:
- Estimate the cost of goods and services
- Analyse product costs for manufacturing and non-manufacturing activities
- Prepare marginal and absorption cost statements
- Analyse an organisation's activities through budgetary control process
- Analyse variances for decision making
- Use computers in cost management
CONTENT
1. Nature and purpose of cost and management accounting
- The nature of cost accounting and costing terms
- The role of cost accounting in management
- The purposes of cost accounting information
- Scope of cost accounting
- Meaning of management accounting, scope, limitations, applications
- Relationship between cost, financial and management accounting
- Selection of an ideal cost accounting system
2. Cost classification
- Definition and purpose of cost classification
- Methods of cost classification: By nature/elements of manufacturing costs; Functional
classification; Behavioral classification; Controllability; Time; Financial accounting;
Identification with inventory; For decision making
3. Cost estimation
- Meaning of cost estimation
- Methods of estimating cost; non-mathematical methods like engineering method, accounts
analysis method and high-Iow method; mathematical methods like scatter graph method, OLS
regression method (simple linear regression only)
www.someakenya.co.ke Contact: 0707 737 890 Page 2
, MANAGEMENT ACCOUNTING
4. Cost accumulation
- Accounting for materials and inventory; material cost records, purchasing procedures, receipt
and issues of material, methods of valuing material issues, inventory control procedures;
economic order quantity (EOQ) and economic batch quantity(EBQ) models and back flush
- Accounting for labour: Methods of labour remuneration, labour control procedures,
maintenance of labour records
- Accounting for overheads: Types of overheads, manufacturing, distribution and
administration, service departmental cost allocation and apportionment, overheads analysis,
overhead absorption rates, over or under absorption
- Activity based costing
5. Cost bookkeeping
- The flow of costs in a business enterprise
- Cost bookkeeping- interlocking and integrated ledger systems
6. Costing methods
- Job order costing
- Batch costing
- Process costing (including work in progress; joint and by-products)
- Service costing
- Unit costing
7. Marginal and absorption costing.
- Distinction between marginal and absorption costing
- Valuation of products under marginal and absorption costing
- Preparation of marginal and absorption statements; cost of production and profit
determination
- Applications of marginal costing: Break-even analysis and charts (single product)
- Simplified decision problems; accept or reject, special order, dropping a product, make or buy
- Operating statements
8. Budgeting and budgetary control
- Nature and purposes of budgets
- Preparation of budgets; master budgets, functional (department budgets, cash budgets),
proforma financial reports (income statements and balance sheets)
- Purpose of budgetary control; operation of a budgetary control system, organisation and
coordination of the budgeting function
- Distinction between budgeting and budgetary control in the private and public sectors
9. Standard costing
- Types of standards
- Principles of setting standards
- Standard cost card
www.someakenya.co.ke Contact: 0707 737 890 Page 3
, MANAGEMENT ACCOUNTING
- Behavioural aspects of standard costing
- Generation of standard cost information
- Materials, labour and overheads variances; price and efficiency variances
10. Cost management
- Value chain-research and development-design-production-marketing distribution and
customer care
- Just in time (JIT)
- Use of computers in costing; job costing, inventory management, labour costing, cost entre
analysis, coding, budgeting and decision making
11. Overview of Performance Measurement
- Purpose of performance measurements
- Financial performance measures: profitability, liquidity, activity and gearing
- Non-financial performance measures. The balanced score card perspective
12. Emerging issues and trends
CONTENT PAGE
Topic 1: Nature and purpose of cost and management accounting……………………..…….5
Topic 2: Cost classification…………………………………………………………………...25
Topic 3: Cost estimation…………………………………………………………………...…34
Topic 4: Cost accumulation………………………………………………………………..…49
Topic 5: Cost bookkeeping……………………………………………………………….…129
Topic 6: Costing methods.......................................................................................................142
Topic 7: Marginal and absorption costing..............................................................................186
Topic 8: Budgeting and budgetary control.............................................................................224
Topic 9: Standard costing.......................................................................................................253
Topic 10: Cost management...................................................................................................285
Topic 11: Overview of Performance Measurement...............................................................293
Revised on: November 2016
www.someakenya.co.ke Contact: 0707 737 890 Page 4
Alle Vorteile der Zusammenfassungen von Stuvia auf einen Blick:
Garantiert gute Qualität durch Reviews
Stuvia Verkäufer haben mehr als 700.000 Zusammenfassungen beurteilt. Deshalb weißt du dass du das beste Dokument kaufst.
Schnell und einfach kaufen
Man bezahlt schnell und einfach mit iDeal, Kreditkarte oder Stuvia-Kredit für die Zusammenfassungen. Man braucht keine Mitgliedschaft.
Konzentration auf den Kern der Sache
Deine Mitstudenten schreiben die Zusammenfassungen. Deshalb enthalten die Zusammenfassungen immer aktuelle, zuverlässige und up-to-date Informationen. Damit kommst du schnell zum Kern der Sache.
Häufig gestellte Fragen
Was bekomme ich, wenn ich dieses Dokument kaufe?
Du erhältst eine PDF-Datei, die sofort nach dem Kauf verfügbar ist. Das gekaufte Dokument ist jederzeit, überall und unbegrenzt über dein Profil zugänglich.
Zufriedenheitsgarantie: Wie funktioniert das?
Unsere Zufriedenheitsgarantie sorgt dafür, dass du immer eine Lernunterlage findest, die zu dir passt. Du füllst ein Formular aus und unser Kundendienstteam kümmert sich um den Rest.
Wem kaufe ich diese Zusammenfassung ab?
Stuvia ist ein Marktplatz, du kaufst dieses Dokument also nicht von uns, sondern vom Verkäufer a_plus_work. Stuvia erleichtert die Zahlung an den Verkäufer.
Werde ich an ein Abonnement gebunden sein?
Nein, du kaufst diese Zusammenfassung nur für $11.99. Du bist nach deinem Kauf an nichts gebunden.