Management Accounting - Year 2

This class was created by Brainscape user Jamie Perritt. Visit their profile to learn more about the creator.

Decks in this class (11)

Week 1 - CVP, BEP, Relevant Costing, Marginal & Absorption Costing, Activity Based Costing
Contribution per unit formula,
Break even point,
Cvp 3 advantages 2 disadvantages
16  cards
W2 - Pricing
Short term pricing decisions acce...,
When can we use this short run pr...,
Other factors to take into accoun...
12  cards
W3 - Process Costing
Average unit cost,
Process account,
Where does the process account go...
12  cards
W4 - Joint & Byproduct Costing, Linear Programming
Joint byproducts def,
Apportioning costs by volume to j...,
Apportioning costs by sales value...
12  cards
W5 - Standard Costing & Variance Analysis LEARN ALL
Two types of variance,
Variances can be split into 3 cat...,
Material variance formulas
10  cards
W6 - Sales Variance LEARN ALL
Sales volume variance,
Sales price variance,
Sales volume further split
8  cards
W7 - Planning & Operational Variance LEARN ALL
Total conventional variance,
P,
Operational variance
8  cards
W8 - Divisionalisation and Divisional Performance Measures
Advantages of divisionalisation4,
Disadvantages of divisionalisation3,
Conditions of divisionalisation
9  cards
W9 - Transfer Pricing
Objectives of transfer pricing,
Assessing whether division should...,
What if division
6  cards
W10 - Budgeting
Functions of budgeting4,
3 main budget approaches,
Incremental budgeting pros and cons
8  cards
Exam Practice
Calculating transfer pricing cost...,
Calculate the total profit or los...,
Calculate maximum monthly profit ...
32  cards

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Management Accounting - Year 2

  • Class purpose General learning

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