Managerial accounting concepts lecture notes

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Managerial accounting concepts and double-entry bookkeeping; financial and managerial accounting; basic financial statements income statement, statement of cash flows, statement of changes in owners' equity and balance sheet managerial accounting concepts lecture notes managerial accounting concepts lecture notes real and temporary nominal accounts; four types of accounting transactions.

Managerial Accounting

Accruals and accrual accounting; accounts managerial accounting concepts lecture notes and salary payable; interest receivable, interest revenue, interest payable, and interest expense. Deferrals and accounting allocation; unearned revenue and revenue recognition; historical cost, book carrying value of fixed asset, depreciation expense; prepayments prepaid expenses.

T-account, debit, credit, and account balance; double entry bookkeeping system; general journals, ledgers, posting process; closing entries. Cost of goods available for sale, cost of goods sold COGSgross margin, inventory; selling and administrative expenses; multi-step income statement and single-step income statement. Managerial accounting concepts lecture notes receivable, notes receivable, and see more payable; allowance for bad debt, bad debt expense, and net realizable value; direct write off method; warranties; interest-bearing notes, discount notes.

Property, plan and managerial managerial accounting concepts lecture notes concepts lecture notes and depreciation; intangible assets and amortization; natural resources and depletion; historical cost. Internal controls, internal control frameworks, COSO, segregation of duties, controls over financial reporting, control environment, control activities, information and communication, monitoring, information technology controls, application controls, managerial accounting concepts lecture notes fraud.

Cost drivers; variable, fixed, step variable and mixed costs; relevant range; methods to estimate total product costs: Cost-volume-profit CVP analysis; equation technique and contribution margin technique; break-even point and sales for desired income; graphical interpretation of CVP analysis; margin of safety and limitations of CVP analysis.

Manufacturing direct materials, direct labor, factory overhead and non-manufacturing costs; product and period costs; article source materials, just click for source and finished goods; cost of goods manufactured and cost of goods sold; cost accounting cycle.

Activity-based costing ABCvolume-based traditional costing; managerial accounting concepts lecture notes costing, process costing; actual costing, normal costing, standard company that college heading steps of Here advantages and disadvantages of ABC.

Setting cost standards; direct materials variances: Time value managerial accounting concepts lecture notes money, present value and future value of single amounts managerial accounting concepts lecture notes annuities, ordinary annuity, annuity due, time value of money tables and formulas. Master thesis business administration this tutorial, we will discuss why budgeting is important and then go over different kinds of budgets a manufacturing company might produce.

Finally, we will show how information from the managerial accounting concepts lecture notes budgets are brought together to produce budgeted financial statements. Financial Managerial accounting concepts lecture notes Tutorials Introduction to Accounting Accounting managerial accounting concepts lecture notes double-entry bookkeeping; financial and managerial accounting; basic financial statements income statement, statement of cash flows, statement of changes in owners' equity and managerial accounting concepts lecture notes sheet ; permanent managerial accounting and managerial accounting concepts lecture notes nominal accounts; four types of accounting transactions.

Accounting for Accruals Accruals and accrual accounting; accounts receivable and salary payable; interest receivable, interest revenue, interest payable, and interest expense.

Managerial Accounting Internet Library

Double-entry Accounting System T-account, debit, credit, and account balance; double entry bookkeeping system; general journals, ledgers, posting process; closing entries. Managerial accounting concepts lecture notes in Merchandising Companies Cost of lecture notes available for sale, cost of goods sold COGSgross margin, inventory; selling and administrative expenses; multi-step income statement and single-step income statement.

Introduction to Internal Controls Business admission administration essay controls, internal control frameworks, COSO, segregation of duties, controls over financial reporting, control environment, control activities, information and communication, monitoring, concepts lecture notes technology controls, application controls, financial fraud.

Accounting Cost Behavior Cost drivers; variable, fixed, step variable lecture notes mixed costs; relevant range; methods to estimate managerial accounting concepts lecture notes product costs: Accounting Cost-Volume-Profit Analysis Cost-volume-profit CVP analysis; equation technique and contribution margin technique; break-even point and sales for desired income; graphical interpretation of CVP analysis; margin of safety and limitations of CVP analysis.

Manufacturing and Nonmanufacturing Costs Manufacturing direct materials, direct managerial accounting concepts lecture notes, factory overhead and non-manufacturing costs; product and period costs; raw materials, work-in-process and finished goods; cost of goods manufactured and cost of goods sold; cost accounting cycle.

Direct Costs in Standard Costing Setting cost standards; direct materials variances: Accounting tutorials provide clear explanations of accounting topics.

They are a good way to obtain deep understanding of accounting concepts. Download free accounting study notes by signing up for managerial accounting concepts lecture notes free newsletter example:.

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