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Book 6: Essentials of cost and management accounting - Coggle Diagram
Book 6: Essentials of cost and management accounting
Chapter 1 Costs in financial and management accounting
The different purposes of financial and management accounting
The characteristics of conversion costs
The characteristics of direct and indirect costs
The behaviour of variable, fixed and semi-variable costs
The concept of contribution
The concept of opportunity cost
Chapter 2 Control in management and accounting
The importance of control
The importance of planning
Management accounting control systems
The importance of budgets within an overall planning process
Budgeting within the whole planning and control process
The formal budgeting process
The limitations of budgeting
Chapter 4 Further aspects of management accounting
Integrating financial and cost accounting
Accounting for inventory
Customer profitability analysis
The cost of capital
Chapter 3 Manual and computerised accounting systems
The key features of a manual accounting system
The use of spreadsheets in accounting
The growth of computerised accounting packages