Class Notes for ACF2200 at Monash University - Caulfield

WEEK 7 LECTURE NOTES Activitybased costing (ABC) system : I. WHY NOT THE CONVENTIONAL COSTING SYSTEM: Failure to adapt to the changing business environment Increasing levels of nonvolumedriven manufacturing overhead costs...

WEEK 10 Lecture notes ACF2200 Chapter 18: Cost Volume Profit Analysis I. Cost volume profit (CVP) analysis? A technique used to determine the effects of changes in an organisations sales volume on its costs, revenue and p...

Lecture 11 Note ACF2200 Chapter 21: Information for Capital Expenditure Decisions I. Capital Expenditure Decisions: Longterm decisions to determine the acceptability of the project or the program Managers decide whether ...

Week 1 Lecture Notes ACF2200 Management accounting: Information for creating value and managing resources I. Managment Accounting defined: Management accounting is more detailed than financial accounting Mangement accout...

Lecture note 6 ACF2200 A closer look at Overhead costs Recap What are overhead costs? - Manufacturing overhead costs (aka. Factory burden costs, or indirect manufacturing costs): all manufacturi...

Lecture note 9 ACF2200 Chapter 19: Relevant Costs and Benefits I. Using prodcut costing data for decisionmaking: Sunk costs, which should be ignored Fixed costs needed for product costing, external reporting, but limited...

Lecture Week 8 Note ACF2200 Chapter 20: Pricing and roduct Mix decisions i. Major influences on pricing decisions Effective price setting requires a constant interplay between market considerations and...

Lecture 5 ACF2200 Chapter 5: Process Costing and Operation Costing i. Process Costing: Process costing includes two main steps: First, Estimate the cost of the production process Secondly, Calculate the average cost per u...

Chapter 4 Lecture - ACF2200 Product Costing Systems i. Product Costing Systems - Product costing system accumulates product-related costs and uses a series of procedures to...

Lecture 3 Notes ACF2200 Intro Management Accounting i. The relationship beetween Cost Behaviour, Etimation, and Prediction: Cost Estimation Cost Behaviour Cost Prediction ii. Cost drivers: Cost driver is anactivity or fac...

WEEK 2 CHAPTER 2 Management Accounting Cost Terms and Concepts WEEK 2 LECTURE NOTES Management Accounting Cost Terms and Concepts i. Traditional approaches to costing: Monitors financial performance Controls whats going ...

permacharts MT FINANCIAL STATEMENTS • Financial statements are documents that are BALANCE SHEET (B/S) STATEMENT OF RETAINED EARNINGS (SRE) ...

Advance your knowledge with our advanced Accounting II! This companion Guide to Accounting I develops the reader’s understanding of balance sheets before moving into an effective summary of how assets are treated for accou...

Specialized Accounting quick reference information in one handy place! This Guide provides specialized reference material that flows naturally from the contents of its companion Guides Accounting I and Accounting II. The t...