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Management Information

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

By: Aiza Aslam
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Decks in this class (12)

The fundamentals of costing
What is management information,
What is management accounting,
What is cost accounting
30  cards
Inventory Valuation
Fifo,
Lifo,
Cumulative weighted average
4  cards
Calculating Unit Costs
What is absorption costing,
What is marginal costing,
Two ways valuing closing inventory
21  cards
Marginal costing and Absorption costing
What is marginal costing,
What does contribution go towards,
How to calculate contribution per...
10  cards
Pricing calculations
What is cost plus pricing and wha...,
W,
What are the disadvantages of ful...
14  cards
Budgeting
What is a budget,
Reasons for budgeting,
Elements of the budgetary process
50  cards
Working Capital
Working capital equation,
Advantages and disadvantages of s...,
Current ratio
32  cards
Performance Management
Purpose of management accounting,
Planning,
Decision making
53  cards
Standard costing and variation analysis
What is a standard cost,
Standard costing advantages,
Wha
6  cards
Breakeven analysis and limiting factor analysis
What is breakeven point bep,
Formule for bep in units,
Formula bep in revenue
12  cards
Investment appraisal techniques
Stages of investment decision making,
The payback period,
Payback period formula and decision
5  cards
formulas
Sales price variance,
Sales volume variance,
3  cards

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Management Information

  • Class purpose General learning

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