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

Decks in this class (17)

CHAPTER 1 ACCOUNTING FOR MANAGEMENT
What defines both data and inform...,
The attributes of good information,
What is the mission statement and...
20  cards
CHAPTER 2 COST CLASSIFICATION
What types of cost summaries do m...,
What are cost objects,
What are cost units
33  cards
CHAPTER 3 ACCOUNTING FOR MATERIALS
What are the principle reasons a ...,
How does a company use internal c...,
What are the procedures for order...
31  cards
CHPATER 4 ACCOUNTING FOR LABOUR
What is the payroll department,
What are time related systems as ...,
How are time records used by orga...
20  cards
CHAPTER 5 ACCOUNTING FOR OVERHEADS
Direct expenses,
Indirect expenses,
How are overheads grouped
15  cards
CHAPTER 6 ABSORPTION AND MARGINAL COSTING
What are both marginal costing an...,
What is the marginal cost of a unit,
What is the purpose of the margin...
13  cards
CHAPTER 7 JOB, BATCH AND PROCESS COSTING
What are he costing systems invol...,
What is job costing and its purpo...,
What is batch costing and its pur...
26  cards
CHAPTER 8 SERVICE AND OPERATION COSTING
What is service costing,
What suitable cost unit is used i...,
What must the total cost of provi...
3  cards
CHAPTER 9: ALTERNATIVE COSTING PRINCIPLES
How do modern manufacturing techn...,
Why are traditional costing metho...,
What is activity based costing abc
21  cards
CHAPTER 10 SOURCES OF DATA
What is primary and secondary data,
What are the disadvantages of usi...,
What is nominal data
45  cards
CHAPTER 11 ANALYSING DATA
What is the arithmetic mean,
What is the median,
What is the mode
14  cards
CHAPTER 12: FORECASTING TECHNIQUES
What types of forecasts are often...,
What are the purposes for forecasts,
What are possible forecasting tec...
35  cards
CHAPTER 13 BUDGETING
What is a budget and what types a...,
What are the main purposes of bud...,
What are the behavioural aspects ...
43  cards
CHAPTER 14 CAPITAL BUDGETING
What is capital investment,
What are examples of different ca...,
What are asset items
39  cards
CHAPTER 15 STANDARD COSTING
What is a standard cost,
Types of cost standards,
What are basic standards
22  cards
FORMULAS TO LEARN
Total cost of a semi variable cos...,
Calculate vc per unit using the h...,
Total annual holding costs
72  cards
D BUDGETING
Formula to calculate production b...,
Calculate the material usage budget,
Material usage budget forumla
4  cards

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ACCA (MA)

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