Chapter 7 - A closer look at overhead costs. The main contents of this chapter include all of the following: What are overhead costs? allocating indirect costs: some general principles, allocating overhead costs to products, activity-based costing compared with the two-stage cost allocation process, evaluating the alternatives for allocating overheads, issues in estimating overhead rates, allocating indirect costs to responsibility centres,...

 29 p lhu 28/05/2016 135 1 Download

Chapter 8 - Activity-based costing. The main contents of this chapter include all of the following: Problems with conventional product costing systems, activity-based costing, activity-based costing model, different forms of ABC activity-based versus conventional product costs when to use ABC impediments to using ABC other activity-based costing issues activity-based costing in service organisations.

 31 p lhu 28/05/2016 143 1 Download

Chapter 12 - Financial performance reports and transfer pricing. After completing this unit, you should be able to: Decentralisation and responsibility accounting, responsibility centres, new developments in organisational structuring, financial performance reports, transfer pricing.

 30 p lhu 28/05/2016 221 1 Download

Chapter 10 - Standard costs for control: direct material and direct labour. This chapter presents the following content: Controlling costs, setting standards, calculating standard cost variances, investigating significant variances and taking corrective action, behavioural impact of standard costing, cost control through assigning responsibility, standard costs for product costing.

 31 p lhu 28/05/2016 167 1 Download

Chapter 9 - Budgeting systems. This chapter presents the following content: Strategic planning and budgeting systems, purposes of budgeting, responsibility accounting, the annual budget: a planning tool, strategic planning and budgeting assumptions, the operating budgets, the financial budgets, budgets in not-for-profit organisations and government agencies, budget administration, behavioural consequences of budgeting, zero-based budgeting and...

 29 p lhu 28/05/2016 218 1 Download

Chapter 14 - Contemporary approaches to measuring and managing performance. This chapter presents the following content: The purposes of performance measurement, conventional performance measurement, contemporary performance measurement, non-financial measures for operational control, strategic performance measurement systems, does non-financial performance lead to financial performance? benchmarking, warning signs of an inadequate performance...

 30 p lhu 28/05/2016 248 1 Download

Chapter 17 - Sustainability and management accounting. This chapter presents the following content: Sustainability for businesses; environmental management accounting; economic, environmental and social impacts; environmental costs; improving supply chain management through measuring environmental and social impacts; sustainability and performance measurement; strategic performance measurement systems (SPMS) and sustainability; environmental...

 30 p lhu 28/05/2016 239 1 Download

Chapter 11 - Standard costs for control: flexible budgets and manufacturing overhead. In this chapter, you will learn: Flexible budgets, input measures and output measures, overhead application in a standard costing system, calculating and interpreting overhead cost variances, standard costs for product costing, an appraisal of standard costing systems, activity-based budgeting.

 29 p lhu 28/05/2016 116 1 Download

Chapter 13 - Financial performance measures for investment centres, and reward systems. In this chapter, you will learn: Financial measures in investment centres, return on investments, residual income, measuring profit and invested capital, measures of shareholder value, reward systems, theories of motivation, performance-related reward systems.

 33 p lhu 28/05/2016 213 1 Download

Chapter 19 - Information for tactical decisions. This chapter presents the following content: The management accountant’s role in decision making, characteristics of relevant information, accept or reject a special order, make or buy a product, outsourcing decisions, add or delete a product or department, joint products: sell or process further,...

 28 p lhu 28/05/2016 250 1 Download

Chapter 16 - Managing costs and quality. In this chapter, the following content will be discussed: Cost management, activity-based management (ABM), business process re-engineering (BPR), life cycle costing and budgeting, target costing, managing throughput, managing quality, total quality management (TQM).

 31 p lhu 28/05/2016 228 1 Download

Chapter 15 - Managing suppliers and customers. This chapter presents the following content: Supply chain management, managing suppliers, managing inventory, managing customers, managing time.

 28 p lhu 28/05/2016 231 1 Download