Resume
Management Accounting - Samenvatting
- Cours
- Management Accounting
- Établissement
- Karel De Grote-Hogeschool (KdG)
Zeer gedetailleerde samenvatting van Management Accounting, gegeven door Martine Cools.
[Montrer plus]
Livre connecté
Titre de l’ouvrage:
Auteur(s):
- Édition:
- ISBN:
- Édition:
Aperçu du contenu
Stuvia - Koop en Verkoop de Beste SamenvattingenManagement Accounting – Samenvatting
Inhoud
Management Accounting – Samenvatting ...............................................................................1
College 1:....................................................................................................................................9
Hoofdstuk 1: Inleiding (ch1) ......................................................................................................9
Role of management accountants ............................................................................................9
Accountancy ..........................................................................................................................9
Management vs. Financial accounting .................................................................................9
Activities .............................................................................................................................. 10
Value Chain Analysis ...........................................................................................................10
Planning and control systems ............................................................................................. 11
Role of management accountants ......................................................................................11
Management accounting guidelines ..................................................................................11
Professional Ethics ..............................................................................................................11
Hoofstuk 2: Cost terminology (ch2) ........................................................................................13
Cost terms ............................................................................................................................ 13
Basic Cost Terminology .......................................................................................................13
Direct vs Indirect costs ....................................................................................................13
Example: Direct vs indirect costs ........................................................................................14
Variable versus fixed costs ..................................................................................................15
Cost Behavior Visualized .....................................................................................................15
Relevant Range ....................................................................................................................16
Example: Variable vs fixed costs .........................................................................................16
Cost assignment and behaviour .........................................................................................16
Product versus period costs ................................................................................................ 17
Product cost : be careful! ....................................................................................................17
Period Costs .........................................................................................................................17
Cost Flows Visualized ..........................................................................................................19
Multiple-Step Income Statement .......................................................................................19
Cost of Goods Manufactured .............................................................................................. 20
Costs per function ...............................................................................................................20
Total versus unit costs.........................................................................................................20
Conclusion ........................................................................................................................... 20
Hoofdstuk 3: Cost Volume Profit analysis (ch3) .....................................................................21
Gedownload door: studenthw23 | driesgoukens@live.be
Dit document is auteursrechtelijk beschermd, het verspreiden van dit document is strafbaar.
, Stuvia - Koop en Verkoop de Beste Samenvattingen
Example ............................................................................................................................... 21
Basic Assumptions ...............................................................................................................21
Formulae: income calculation............................................................................................. 21
Contribution Margin vs. Gross Profit Comparative Statements .......................................22
Contribution Margin – BE point ..........................................................................................22
Breakeven Quantity ............................................................................................................23
Breakeven sales ...................................................................................................................23
Profit Planning .....................................................................................................................24
CVP and Income Taxes ........................................................................................................24
Example ............................................................................................................................... 25
Sensitivity Analysis ..............................................................................................................25
Margin of Safety ..................................................................................................................25
Operating Leverage .............................................................................................................26
Remember: lot of Assumptions ..........................................................................................26
Effects of Sales-Mix on CVP ................................................................................................ 26
C-V-P: concluding remarks ..................................................................................................27
Hoofdstuk 4: Job costing (ch4) ................................................................................................ 28
Job vs process costing .............................................................................................................28
Job-Costing and Process Costing: Opposite Ends of a Continuum ....................................28
New cost terms....................................................................................................................28
Job costing: cost assignment ..................................................................................................28
Costing Approaches in general ............................................................................................... 29
Seven-step Job Costing ...........................................................................................................29
Herhaling College 1 .............................................................................................................30
College 2:..................................................................................................................................31
Journal Entries .........................................................................................................................31
Accounting for Overhead ........................................................................................................32
End-of-accounting year adjustments .................................................................................33
Voorbeeldoefening Job Costing .............................................................................................. 34
Example Robinson (Horngren ch.4) .............................................................................34
Seven-step Job Costing for Robinson ...........................................................................34
Robinson Journal entries February .............................................................................35
Example Robinson: accounting for overhead............................................................. 38
Example Robinson ...........................................................................................................39
Boekingsverloop ..............................................................................................................42
Gedownload door: studenthw23 | driesgoukens@live.be
Dit document is auteursrechtelijk beschermd, het verspreiden van dit document is strafbaar.
, Stuvia - Koop en Verkoop de Beste Samenvattingen
Hoofdstuk 5: Process Costing (ch17) ......................................................................................43
Overview.............................................................................................................................. 43
Process costing ........................................................................................................................43
Process-Costing Assumptions .................................................................................................43
Equivalent Units ......................................................................................................................45
Five-step Process Costing ........................................................................................................47
Result of the Process (as before) ........................................................................................47
Standard Costing and Process Costing ...................................................................................47
Transferred-in Costs ................................................................................................................47
Conclusion ............................................................................................................................... 48
..................................................................................................................................................48
Voorbeeldoefening Process Costing .......................................................................................49
Process Costing example (1) ..........................................................................................49
Process Costing example (2) ..........................................................................................49
Process Costing example (3) ..........................................................................................50
Process Costing example (4) ..........................................................................................50
Process Costing example (5) ..........................................................................................51
Process Costing example (6) ..........................................................................................51
Process Costing example (7) ..........................................................................................52
Traditional costing systems vs more refined systems (H6) ...................................................53
Traditional costing systems ................................................................................................ 53
Voorbeeldoefening Cactus Jelly.............................................................................................. 54
An Example ..........................................................................................................................54
Oefeningen handboek college 2: ............................................................................................ 56
College 3:..................................................................................................................................56
Conclusions of example ......................................................................................................57
Guidelines for refining costing system ...............................................................................57
Be careful ! ........................................................................................................................... 58
Hoofdstuk 6: Activity Based Costing (ch5) .............................................................................59
1. Rationale for Selecting a More Refined Costing System ...............................................59
2. Case study: Ericson Ice Cream Company ........................................................................59
Ericson Ice Cream: total profitability by product ............................................................... 59
Ericson Ice Cream: cost accounting system ........................................................................60
Ericson Ice Cream: Concerns ............................................................................................... 60
3. Activity-Based Cost Systems ........................................................................................... 60
Traditional costing system ..................................................................................................61
Gedownload door: studenthw23 | driesgoukens@live.be
Dit document is auteursrechtelijk beschermd, het verspreiden van dit document is strafbaar.
, Stuvia - Koop en Verkoop de Beste Samenvattingen
Activity Based Costing system ............................................................................................ 61
Cost Hierarchies...................................................................................................................61
ABC in practice.....................................................................................................................62
Design of ABC system ..........................................................................................................62
Ericson’s Outdated Cost System .........................................................................................63
Ericson: Step 1: tracing costs to activities ..........................................................................63
Ericson: From resources to activities ..................................................................................64
Benefits from first steps in an ABC System ........................................................................64
Ericson: Step 2: tracing costs from activities to products..................................................64
Ericson: Completing the ABC Model ...................................................................................64
Ericson: Activity Cost Drivers .............................................................................................. 65
Ericson: Activity Cost Driver Rates (ACDR) .........................................................................65
Ericson: Activity Expenses Assigned ...................................................................................66
Ericson: Total ABC Profitability by Product ........................................................................66
4. Selecting Activity Cost Drivers ........................................................................................67
5. Advantages of ABC ..........................................................................................................67
Disadvantages of ABC .........................................................................................................67
6. Problems Implementing ABC ..........................................................................................68
7. ABC vs. Simple Costing Schemes ....................................................................................68
8. ABC and Service/Merchandising Firms ..........................................................................68
Activity Based Management ............................................................................................... 68
Elimination of Non-Value-Added Costs ..............................................................................69
..............................................................................................................................................69
Using ABM ........................................................................................................................... 69
Decision support information ............................................................................................. 69
..............................................................................................................................................69
Hoofdstuk 7: Master Budget (ch6) .........................................................................................70
The Ongoing Budget Process .............................................................................................. 70
Advantages of Budgets .......................................................................................................70
Components of Master Budgets .........................................................................................70
Basic Operating Budget Steps ............................................................................................. 71
Basic Financial Budget Steps ............................................................................................... 71
Budgeting Overview Flowchart ..........................................................................................71
Example: Sales Budget ........................................................................................................72
Sales Budget ........................................................................................................................72
Gedownload door: studenthw23 | driesgoukens@live.be
Dit document is auteursrechtelijk beschermd, het verspreiden van dit document is strafbaar.
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur studenthw22. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €6,29. Vous n'êtes lié à rien après votre achat.
Peut-on faire confiance à Stuvia ?
4.6 étoiles sur Google & Trustpilot (+1000 avis)
52928 résumés ont été vendus ces 30 derniers jours
Fondée en 2010, la référence pour acheter des résumés depuis déjà 14 ans