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Management accounting (Costing systems (Joint product costing (Physical…
Management accounting
Nature and purpose
Objectives and functions
Reasons
Non-financial factors
KPI's
Value for money
Cost accounting techniques
Costing materials
FIFO
LIFO
Weighted average
Standard costing
Costing labour
Piecework
Piecework w/ min wage
Piecework hours
Bonus scheme
Costing systems
Job/contract costing
Process costing
Losses
Work-in-progess
Batch costing
Joint product costing
Physical units
Market value at SOP
Net realisable value
By-product costing
Information to support decision making
Levels of decision making
Strategic
Tactical
Operational
Attributes of good information
Decision and information characteristics
Costs and behaviours
Behaviours
Fixed
Variable
Semi variable
Stepped
Cost classification
Committed
Engineered
Discretionary
Accounting for overheads
Absorption costing
Cost allocation
Cost apportionment
Direct apportionment
Repeated distribution
Algebraic method
Specified order of closure
Cost absorption
Labour hour
Machine hour
Cost unit
Direct wages
Predetermined absorption rate
Over/under absorption
Activity based costing (ABC)
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