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All Educational Materials for COMM-2016EL at Laurentian University of Sudbury

LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL- Midterm Exam Guide - Comprehensive Notes for the exam ( 25 pages long!)

25 Page
6 Oct 2017
Management accounting is user-driven, not data driven it exists because managers require information to make decisions. Accounting information systems
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Activity-Based Costing

1 Page
29 Oct 2017
Cost object made up of 3 components: direct material, plus, direct labour, plus, factory overhead machine hours or direct labour costs. To determine (c
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Cost Driver, Contribution Margin, Fixed Cost

6 Page
28 Oct 2017
Management accountants must make decisions that promote profitability and the effective and efficient use of resources. In order to make these decision
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Management Accounting

1 Page
28 Oct 2017
Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that hel
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Budget, Operating Budget, Pro Forma

3 Page
29 Oct 2017
A budget is a plan of action, a formal quantitative benchmark to measure actual performance. A budget can help identify operating or financial problems
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Scatter Plot, Fixed Cost, Variable Cost

1 Page
28 Oct 2017
A basic cost equation is written in terms o f y= a+bx, where y is the total cost, a is the fixed cost, b is the variable cost per unit of activity, and
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Jet Fuel

1 Page
29 Oct 2017
In some industries a number of products are produced from a single raw material input. For example, in the petroleum industry a large number of product
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Capital Budgeting, Cash Flow, Net Present Value

2 Page
29 Oct 2017
In the role of a management accountant, you can help managers make smart financial decisions. Management accountants are problems solvers, analyzing ma
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Management Control System, Inventory Turnover, Profit Center

2 Page
28 Nov 2017
The management control system determines: how information is gathered, who gets that information, what they are expected to do with it! Management cont
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Opportunity Cost

2 Page
29 Oct 2017
Opportunity cost- the profit rejected by using limited resources for a particular purpose. Differential cost- the difference in total cost between alte
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Frequently-seen exam questions from 2014 - 2018.

JURI-1107EG Lecture 1: Assignment 3

8 Page
7 Feb 2019
The predeceasing party, the purple shirts, established secret statutes to encourage citizens to pass any information in objection to the fatherland to
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JURI-1107EG Lecture Notes - Lecture 1: Laurentian University, European Parliament Committee On Legal Affairs, Legal Formalism

4 Page
7 Feb 2019
According to john austin, a sovereign is a clearly marked person or persons that is obeyed by the majority of the population which, in turn, does not h
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MATH-1036EL Midterm: Midterm: MATH-1036EL : Assignment 3

8 Page
23 Jan 2019
Total marks: 52 (to count 12% of the final grade) (to count 13. 3% of the final grade) Material covered in this assignment: units seven and eight. Modu
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MATH-1036EL Midterm: MATH-1036EL : Assignment 1

9 Page
23 Jan 2019
Total marks: 58 (to count 14% of the final grade) (to count 13. 3% of the final grade) Material covered in this assignment: units one, two and three. 1
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MATH-1036EL Midterm: MATH-1036EL : Assignment 2

8 Page
23 Jan 2019
Total marks: 58 (to count 14% of the final grade) (to count 13. 3% of the final grade) (to count 13. 3% of the final grade) Material covered in this as
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BIOL-2011EL Chapter Notes - Chapter 10: Hydrogen Bond, Guanine, Deoxyribonucleoside

14 Page
25 Jun 2018
Chapter 10 dna replication and recombination: which of the following terms accurately describes the replication of dna in vivo, conservative, dispersiv
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MATH-1036EL Study Guide - Final Guide: Mean Value Theorem, Laurentian University

15 Page
25 Jun 2018
The rst part is multiple choice and consists of 15 questions, 2 marks for each question. In each multiple choice question, circle one and only one of t
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MATH-1036EL Study Guide - Quiz Guide: Radian, Farad, Unit Circle

8 Page
25 Jun 2018
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PHED-2116EL Study Guide - Midterm Guide: Hypotenuse

2 Page
25 Jun 2018
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PHED-4216EL Study Guide - Final Guide: Laurentian University, Overtraining, Critical Thinking

1 Page
25 Jun 2018
Phed4216 sport psychology- dr. kerry r. mcgannon. Fall 2017 - final exam #3 thursday december 14th 7 pm 10:00 pm (gym) 90 multiple choice 1 point per q
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 12: Cost Driver, Financial Statement, European Cooperation In Science And Technology

6 Page
28 Nov 2017
Chapter (cid:1005)(cid:1006) fle(cid:454)i(cid:271)le budgets & varian(cid:272)e anal(cid:455)sis. Flexible budgets: the bridge between static budgets
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 10: Cost Of Capital, Net Present Value, Capital Budgeting

7 Page
15 Nov 2017
Capital-budgeting decisions decisions made in the process of evaluating and choosing among long-term capital projects. Capital budgeting has 3 phases:
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 13: Quality Costs, Balanced Scorecard, Relate

7 Page
16 Dec 2017
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 11: Budget, Pro Forma, Financial Statement

6 Page
15 Nov 2017
Budgets: what they are and how they benefit the organization. This is true for all organizations small companies, new high-tech companies, large corps,
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 14: Profit Center, Transfer Pricing, Historical Cost

5 Page
16 Dec 2017
Lower-level managers have the best information concerning local conditions and therefore may be able to make better decisions than their superiors. Man
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 6: Cost Driver, Board Foot, Print Job

5 Page
28 Oct 2017
The most important point is that product costing is an averaging process. The unit cost used for inventory purposes is the result of taking some accumu
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 3: Industrial Engineering, Flight Controller, Systematic Review

8 Page
18 Sep 2017
Recap: cost drivers any factor that affects total cost (any change in the quantity of the cost driver will cause a change in the total cost of the obje
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 9: Historical Cost, Sunk Costs, Variable Cost

4 Page
8 Nov 2017
Opportunity cost the maximum available contribution to profit foregone (rejected) by using limited resources for a particular purpose. Outlay cost a co
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 5: Dow Chemical Company, Particle Board, Board Foot

11 Page
13 Oct 2017
Chapter 5 cost allocatio(cid:374) & activity-based costi(cid:374)g syste(cid:373)s. Ideally, costs should be assigned to the cost objective that caused
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 4: Unemployment Benefits, Total Absorption Costing, Cost Driver

8 Page
7 Oct 2017
Cost accounting the part of the accounting system that measures costs for the purpose of management decision making and financial reporting. *for the p
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Variable Cost

2 Page
28 Nov 2017
It is based on only one level of output. It is not adjusted for volume after it is set. Static budget variance is the difference between the static bud
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Budget, Operating Budget, Pro Forma

3 Page
29 Oct 2017
A budget is a plan of action, a formal quantitative benchmark to measure actual performance. A budget can help identify operating or financial problems
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Management Accounting

1 Page
28 Oct 2017
Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that hel
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 12: Cost Driver, Financial Statement, European Cooperation In Science And Technology

6 Page
28 Nov 2017
Chapter (cid:1005)(cid:1006) fle(cid:454)i(cid:271)le budgets & varian(cid:272)e anal(cid:455)sis. Flexible budgets: the bridge between static budgets
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Activity-Based Costing

1 Page
29 Oct 2017
Cost object made up of 3 components: direct material, plus, direct labour, plus, factory overhead machine hours or direct labour costs. To determine (c
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Management Control System, Inventory Turnover, Profit Center

2 Page
28 Nov 2017
The management control system determines: how information is gathered, who gets that information, what they are expected to do with it! Management cont
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 10: Cost Of Capital, Net Present Value, Capital Budgeting

7 Page
15 Nov 2017
Capital-budgeting decisions decisions made in the process of evaluating and choosing among long-term capital projects. Capital budgeting has 3 phases:
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 13: Quality Costs, Balanced Scorecard, Relate

7 Page
16 Dec 2017
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 11: Budget, Pro Forma, Financial Statement

6 Page
15 Nov 2017
Budgets: what they are and how they benefit the organization. This is true for all organizations small companies, new high-tech companies, large corps,
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Fixed Cost, Toronto General Hospital

1 Page
28 Oct 2017
A more detailed look at cost terms will help further our analysis of quantifying how activities of an organization affect the levels of costs. Many act
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 14: Profit Center, Transfer Pricing, Historical Cost

5 Page
16 Dec 2017
Lower-level managers have the best information concerning local conditions and therefore may be able to make better decisions than their superiors. Man
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 13: Quality Costs, Balanced Scorecard, Relate

7 Page
16 Dec 2017
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Management Control System, Inventory Turnover, Profit Center

2 Page
28 Nov 2017
The management control system determines: how information is gathered, who gets that information, what they are expected to do with it! Management cont
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Variable Cost

2 Page
28 Nov 2017
It is based on only one level of output. It is not adjusted for volume after it is set. Static budget variance is the difference between the static bud
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 12: Cost Driver, Financial Statement, European Cooperation In Science And Technology

6 Page
28 Nov 2017
Chapter (cid:1005)(cid:1006) fle(cid:454)i(cid:271)le budgets & varian(cid:272)e anal(cid:455)sis. Flexible budgets: the bridge between static budgets
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 11: Budget, Pro Forma, Financial Statement

6 Page
15 Nov 2017
Budgets: what they are and how they benefit the organization. This is true for all organizations small companies, new high-tech companies, large corps,
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 10: Cost Of Capital, Net Present Value, Capital Budgeting

7 Page
15 Nov 2017
Capital-budgeting decisions decisions made in the process of evaluating and choosing among long-term capital projects. Capital budgeting has 3 phases:
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 9: Historical Cost, Sunk Costs, Variable Cost

4 Page
8 Nov 2017
Opportunity cost the maximum available contribution to profit foregone (rejected) by using limited resources for a particular purpose. Outlay cost a co
View Document
LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Chapter Notes - Chapter 8: Profit Margin, Variable Cost, Target Costing

5 Page
8 Nov 2017
The meaning of relevance: the major conceptual lesson. What information is relevant depends on the decision being made the decision is based on the dif
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Budget, Operating Budget, Pro Forma

3 Page
29 Oct 2017
A budget is a plan of action, a formal quantitative benchmark to measure actual performance. A budget can help identify operating or financial problems
View Document

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