Class 8/26 Chapter 1 Flashcards
How is Managerial vs financial view.
Forward Looking
Terms you will learn
Direct vs Indirect Costs
Other Costs
Materials, Labor, and Overhead also prim vs conversion
Behavior Costs
fixed vs variable vs step
Function
Product vs period(manufacturing vs non-manufacturing
Information use:
Relevant vs irrelevant
Product Pricing
Job Order Costing
Process Costing
Activity based costing
Income and balance sheet preparation
can help you cheat in accounting
Chapter 8
budgets
Variance Analysis
Chapter 9 who is responsible for the costs
Bribery Chapter 9
Trends in SEC, Case study of BAE systems
Chapter 13 Balanced Scorecard
short term vs long term
Relevant Costs
info that is relevant to a decision
Ethics Chapters
Final Chapters, IMA Statement of Ethics
Health South Fraud
slippery slope to financial fraud
