Filter By
Filter Reset
Exam Types
  • All Exams
  • Final (7)
  • Midterm (9)
Semester
Study Guides (329,721)
CA (146,769)
COMM (35)
COMM-2016EL (16)

Study Guides for COMM-2016EL at Laurentian University of Sudbury

Management Accounting I

Exam Study Guides for COMM-2016EL

Covers all exam topics.

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

Management ControlSystem The Management Control System determines: a) how information is gathered b) who gets that information c) what they are expected to do with it! Management control is defin...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Final Guide: Variable Cost
Premium

Budgets Lets Get Flexible! Static Budget is a boring budget! It is based on only one level of output. It is not adjusted for volume after it is set. ExampleThe Master Budget. Static Budget Variance is the difference...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Final Guide: Budget, Operating Budget, Pro Forma
Premium

THE MASTER BUDGET A budget is a plan of action, a formal quantitative benchmark to measure actual performance. A budget can help identify operating or financial problems that will arise both in the short and long term. On...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Activity-Based Costing
Premium

Activity Based Costing Traditional Job Costing: Cost object made up of 3 components: 1) Direct Material, plus 2) Direct Labour, plus 3) Factory Overhead To determine Factory overhead, indirect (ove...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Final: Chapter 6 - Job Costing
Premium

ASSIGNINGCOSTS TO MANUFACTUREDPRODUCTS USINGJOBCOSTING Job costing is usedwhenever the costobjectis adistinct unit or batch. Anyitem that is custom-made andis uniquewill requiretheaccountantsto ...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Final Guide: Jet Fuel
Premium

Joint Cost and processes 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 products are extracted from crude oil, including ga...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Final Guide: Opportunity Cost
Premium

Opportunity, Differential and Sunk Costs Opportunity Cost- The profit rejected by using limited resources for a particular purpose. Differential Cost- The difference in total cost between alternatives. Incremental cost...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Final Guide: Capital Budgeting, Cash Flow, Net Present Value
Premium

Capital Budgeting In the role of a management accountant, you can help managers make smart financial decisions. Management accountants are problems solvers, analyzing many investment opportunities and recommending the be...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Indirect Costs, Pro Rata, Income Statement
Premium

Boring Cost Terms (But necessary!) Cost object Anything for which a separate cost is desired! Cost accumulation collection of cost data in an organized way through the accounting system. Cost assignment general ter...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Fixed Cost, Toronto General Hospital
Premium

Cost Terms 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 activities affect costs, but for some costs, volume of a produ...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Cost Driver, Contribution Margin, Fixed Cost
Premium

COST BEHAVIOUR Management accountants must make decisions that promote profitability and the effective and efficient use of resources. In order to make these decisions accountants accumulate, analyze, interpret and commu...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Gross Margin, Income Statement
Premium

Inventory Costing Methods Absorption Costing Variable Costing - all variable manufacturing costs and all fixed - ONLY variable manufac...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Income Statement, Earnings Before Interest And Taxes, Total Absorption Costing
Premium

Variable vs Absorption.In depth debate! Variable costing is used mainly for internal reporting purposes as it is not accepted for external reporting purposes. So why create two sets of statements? Variable costing allow...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Scatter Plot, Fixed Cost, Variable Cost
Premium

Analyzing and Estimating Costs 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 X is the activity level. Y is mixed i...

Commerce and Administration
COMM-2016EL
Kayla Levesque
COMM-2016EL Study Guide - Midterm Guide: Management Accounting
Premium

Management Accounting and Management Decision Making Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers fulfi...

Commerce and Administration
COMM-2016EL
Kayla Levesque

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit