Accounting Essay Topics List 2020 - Argumentative.
Controversial Issues in Accounting and Management: Cost Accounting Systems and Cost Accounting Standards: Cost Allocation - Depreciation, Fixed Assets, and Service Departments: Cost Behavior Analysis: Cost Management: Cost of Capital: Cost-Volume-Profit Analysis: Creative Accounting and Earnings Management: Customer Profitability: Data Mining.
The main goal of cost classification together with a cost coding(a specific system involved to code a particular cost and make easier to trace it for a particular output) are very useful for managers to fulfil a management accounting function: planing, decision making and control INVENTORY VALUATION METHODS VALUE OF INVENTORY An inventory of a business belong to total cost of such a business.
Definition: Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals.In other words, it is the act of making sense of financial and costing data and translating that data into useful.
Learning objectives: Explain the difference between direct and indirect costs. Explain variable, fixed and semi-variable costs. Explain the difference between product cost and period costs. What are differential, opportunity and sunk costs? Explain how idle time, overtime premium and fringe benefit costs are treated. Explain and give examples of four types of quality costs.
Management accounting provides relevant information in a systematic way that can be used by the management in planning and decision-making. Cash flow, fund flow, ratio analysis, trend analysis, and comparative financial statements are the tools normally used in management accounting to interpret and analyze accounting data.
Managerial and Cost Accounting 4 Contents 5. Financial Statement Issues that are Unique to Manufacturers 5.1 Schedule of Raw Materials 5.2 Schedule of Work in Process 5.3 Schedule of Cost of Goods Manufactured 5.4 Schedule of Cost of Goods Sold 5.5 The Income Statement 5.6 Reviewing Cost of Flow Concepts for a Manufacturer.
Keeping in view the importance of this subject, various topics on Cost and Management Accounting have been prescribed in the syllabus of CS Executive Programme with the objective of acquainting the students with the basic concepts used in cost accounting and management.