2451026
Beschreibung
Mindmap von eloisacarom, aktualisiert more than 1 year ago
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Erstellt von eloisacarom
vor mehr als 9 Jahre
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Cost Accounting
- Define: Is a process of
collecting
- analyzing
- summarizing
- and evaluating
- various alternative
courses of action
- various alternative
courses of action
- and evaluating
- summarizing
- analyzing
- The goal Its: to advise
- the management on the most
appropriate course of action
- based on the cost efficiency and capabiity
- based on the cost efficiency and capabiity
- the management on the most
appropriate course of action
- Cost
accounting
provides
- the detailed cost
information
- that management needs to
control current operations and
plan for the future
- that management needs to
control current operations and
plan for the future
- the detailed cost
information
- Since managers are making
decisions only for their own
organization
- there is no need for the information
to be comparable
- to similar information
from other organizations
- to similar information
from other organizations
- there is no need for the information
to be comparable
- Cost accounting information
- Is commonly used in finacial accounting
information
- but is primary function
is for use by managers
to facilitate making
decision
- but is primary function
is for use by managers
to facilitate making
decision
- Is commonly used in finacial accounting
information
- ORIGINS
- All types of business,
require cost accounting
to track their activities
- Cost accounting has long been used to
help managers understand the costs of
running a business.
- Modern cost accounting originated
during the industrial revolution, when
the complexities of running a large
scale business led to the development
of systems for recording and tracking
costs to help business owners and
managers make decisions.
- Modern cost accounting originated
during the industrial revolution, when
the complexities of running a large
scale business led to the development
of systems for recording and tracking
costs to help business owners and
managers make decisions.
- Cost accounting has long been used to
help managers understand the costs of
running a business.
- In the early industrial age, most of the costs
incurred by a business were what modern
accountants call "variable costs".
- because the varied directly with the
amount of production.
- Managers could simply total the variable costs for a
product and use this as rough guide for
decision-making processes
- Managers could simply total the variable costs for a
product and use this as rough guide for
decision-making processes
- because the varied directly with the
amount of production.
- All types of business,
require cost accounting
to track their activities
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