Textbook Notes for All Accounting410

RYERSONACC 406All Accounting410Winter

ACC 406 Chapter Notes - Chapter 2: Opportunity Cost, European Cooperation In Science And Technology, Income Statement

OC274193 Page
18 Jun 2013
48
Costs is the amount of cash sacrificed for goods / services that are expected to bring current or future benefit. The price the consumer pays must be g
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RYERSONACC 406All Accounting410Winter

ACC 406 Chapter Notes - Chapter 1: Cost Leadership, Formal System, Financial Accounting

OC274193 Page
18 Jun 2013
45
Managerial accounting for internal users (managers, executives and workers) Not bound by any formal system such as gaap or ifrs. Deals with specific de
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RYERSONACC 406All Accounting410Winter

ACC 406 Chapter Notes - Chapter 3: Fixed Cost, European Cooperation In Science And Technology

OC274193 Page
18 Jun 2013
51
Cost driver is a casual measurement that causes costs to change. Relevant range is the range of output over which the assumed cost relationship is vali
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