Analysing Costs and Revenues
Author | : David Cox |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
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Author | : David Cox |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
Author | : David Cox |
Publisher | : |
Total Pages | : 218 |
Release | : 2013-06-30 |
Genre | : Accountants |
ISBN | : 9781909173194 |
An essential text for the AAT Level 3 Diploma in Accounting (Costs and Revenues). This text contains practice examinations with answers, helping the student to prepare for the exam.
Author | : David Cox |
Publisher | : |
Total Pages | : 388 |
Release | : 2013-06-30 |
Genre | : Accountants |
ISBN | : 9781909173187 |
An essential teaching text for the AAT Level 3 Diploma in Accounting, 'Costs and Revenues'. Written in a clear, easy-to-understand style, the text is written closely to the syllabus and contains Case Studies, Key Terms, Activities and answers.
Author | : |
Publisher | : Bookboon |
Total Pages | : 32 |
Release | : |
Genre | : |
ISBN | : 8776815862 |
Author | : Alexander Berger |
Publisher | : GRIN Verlag |
Total Pages | : 77 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 3640955986 |
Research Paper (undergraduate) from the year 2011 in the subject Business economics - Accounting and Taxes, grade: 63%, University of Sunderland, course: Management Accounting and Control, language: English, abstract: This report is divided into two parts. The first part will explain how a standard costing system works and how a variance analysis is used properly. Furthermore, the statement "Standard Costing and Variance Analysis are appropriate to any type and size of organisation" will be critically evaluated. The second part determines factors, which must be considered in the decision-making process. In addition, four scenarios of decisions will be provided and analysed. One of the main objectives of an organisation is to minimise the cost of production and to control the costs as they are limited resources within a business (Gupta, 2010). Management accounting literature provides several tools in order to achieve these objectives. In this context, the system for collecting and reporting revenue and cost information by areas of responsibility is called responsibility accounting (Siegel & Shim, 2006). It is based on the assumption that managers should be held responsible for their performance. A well-designed responsibility accounting system integrates responsibility centers within the organisation. In addition, responsibility centers are units within the organization, which have control over costs and revenues (Siegel & Shim, 2006). There are different types of responsibility centers such as profit centers, investment centers, revenue centers and cost centers. In the following report, the focus is on cost centers. Here, a variance analysis based on standard costing is a performance measure of a cost center (Siegel & Shim, 2006). In addition, a standard costing system is a useful tool facilitating decision-making.
Author | : W.Armand Layne |
Publisher | : Springer |
Total Pages | : 346 |
Release | : 1984-12-06 |
Genre | : Business & Economics |
ISBN | : 1349176915 |
Author | : Mahmood A. Qureshi |
Publisher | : |
Total Pages | : 108 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Author | : Roger Hussey |
Publisher | : Business Expert Press |
Total Pages | : 176 |
Release | : 2012-01-24 |
Genre | : Business & Economics |
ISBN | : 1606492403 |
Increasing business competition is compelling managers not only to develop realistic and achievable strategies but also to analyze goals in financial terms and to evaluate performance. Whether in manufacturing, service, or the non-profit sector managers need to know the key methods and techniques of cost analysis. The interaction of the organisation's activities, the influences of the external world and the responsibilities of managers need to be captured in financial terms to plan, control and make decisions. Sales managers, production managers, HR managers, amongst others, are recipients of financial information which they are expected to understand. They need to appreciate the impact of their decisions on costs, selling prices, investment decisions and profit. They must be able to analyse, communicate and act on financial information to be a valuable member of the management team. This text explains in simple language the methods and techniques of cost analysis that can be applied strategically at any level in an organization. The busy manager will find that the cost information provided will help them plan and control the activities for which they are responsible and also make strategic decisions in the most effective way. Whether you are in a manufacturing or service organisation, the book will help you to answer the four questions: What did it cost? What should it have cost? How can we improve? What is our next strategic move? No prior knowledge of accounting or statistics is required. The book defines all key terms and emphasizes the essential knowledge of analyzing cost in a strategic context.
Author | : Henry E. Riggs |
Publisher | : Wiley-Interscience |
Total Pages | : 496 |
Release | : 1994-08-16 |
Genre | : Business & Economics |
ISBN | : |
Combines financial and managerial/cost accounting, focusing on the concepts underlying accounting systems, statements and reports most commonly encountered in industry today along with the analysis of those reports and statements. As procedures and analytical techniques are introduced, the role of compromises, estimates, assumptions and omissions is emphasized. Contains a large number and diversity of end-of-chapter problems plus discussion questions and four case studies.
Author | : |
Publisher | : Bookboon |
Total Pages | : 19 |
Release | : |
Genre | : |
ISBN | : 8776812901 |