Cost Concepts and Classification mind maps
271 mind maps by 196 users · Page 1 of 7
This GoConqr page gathers mind maps on cost concepts and classification, from costing methods and overheads to cost management and decision making. University students and professional candidates can use them to revise these topics, while teachers can find ready-made material. There are over 260 maps, mostly at university level, with professional material too. Pick a map to explore.
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- Cost Elements and Product Costs25
- Operating and Start-up Costs8
- Direct and Indirect Costs and Cost Allocation23
- Cost Centres and Cost Coding5
- Cost Behavior and Estimation22
- Job and Process Costing35
- Activity-Based Costing and Management42
- Absorption and Variable Costing28
- Cost-Volume-Profit and Break-Even Analysis40
- Relevant Costs for Decision Making7
- Standard Costing and Variance Analysis18
- Budgeting8
- Cost Management and Target Costing13
Mind maps
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21 nodesCosting Methods Process Costing · Job Costing · Activity Based Costing
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28 nodesCost/Managerial Accounting Ch 1 Managerial Accou...
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11 nodesVARIABLE AND ABSORPTION COSTING ABSORPTION COSTING · VARIABLE COSTING · FACTS
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12 nodesOverhead Overheads are the cos... · Indirect materials · Indirect Labour · Indirect Expenses
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8 nodesProcess costing Process costing · Equivalent units
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203 nodesContemporary cost management models Value chain analysis · Activity-based manage... · Life cycle costing · Target costing · Kaizen costing · Benchmarking
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91 nodesCost Accounting General Cost Concepts · Job Costing · Standard Costing · Predetermined Overhea... · Process Costing · Variable Cost - Setti...
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48 nodesActivity-Based Costing: A Tool to Aid Decision Making Different from tradit... · Two types of nonmanuf... · Manufacturing costs · Activity · Five levels of activi... · Three characteristics...
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65 nodesBasic Cost Accumulation and Assignment Cost Pool · Cost Allocation Base · Job Costing System · Process Costing System · Costing Methods · POHR
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142 nodesCOST ACCOUNTING Definition of Cost Ac... · Concepts of Cost Acco... · Advantages of Cost Ac... · Classification of Cost · Cost Accounting versu... · Direct Labor
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199 nodesAccounting and Finance Types of accounting (... · Cost terminology and ... · Short-term decision m... · Long-term decision ma...
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47 nodesCost Concepts for management decisions All planning involves... · Most businesses have ... · Management requires c... · Outlay costs involve ... · Opportunity Costs do ... · Direct costs are thos...
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17 nodesWeek 2 Reasons for allocatin... · Approaches to allocat... · Choosing an Allocatio... · Sell-or-Process-Furth... · Accounting for byprod...
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30 nodesUNIT 5 Costs · Revenue · Profit and Loss · Profitability
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25 nodesTYPES OF COSTS Costs can have differ... · FIXED AND VARIABLE COSTS · DIRECT AND INDIRECT C... · PRODUCT AND PERIOD COSTS · OTHER TYPES OF COSTS
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56 nodesPresentation Definitions (Material... · The difficulty of Pri... · Methods of pricing th... · Factors for Selecting... · Weighted average method · LIFO method
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34 nodesTypes of costing Direct Costs · Indirect Costs · Fixed Costs · Variable Costs · Opportunity Costs · Operating Costs
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74 nodescosts Cost Accounting · Management Accounting · History of costs · Cost System · Classification of costs
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30 nodesActivity-Based Costing/Management What is it? · Objective · Functions · How? (Steps) · Conclusions · References
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51 nodesCost Accounting Concerned with determ... · Three cost elements: · PRODUCTION FLOW CHART · NORMAL COSTING · JOB COSTING · PROCESS COSTING
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30 nodesThe design and implementation of activity-based costing Literature review · Research method and t... · Data analysis and res... · Danna Beltran Guevara...
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45 nodesVariable Costing for Management Analysis Income Under Absorpti... · Using Absorption & Va... · Variable Costing for ...
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59 nodesCOST ACCOUNTING Advantages of Cost Ac... · Concepts of Cost Acco... · Definition of Cost Ac... · Cost Accounting versu... · Classification of Cost · elements of cost
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42 nodesCosts Relevant Cost · Irrelevant Cost
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68 nodesCost-Volume-Profit Analysis Cost Behavior: Manner... · Cost-Volume-Profit Re... · Cost-Volume-Profit An... · Special Relationships...
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92 nodesCosts and Revenues Overview Purposes of unit · Exam requirements
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92 nodesCosts and Revenues Overview Purposes of unit · Exam requirements
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65 nodesChapter 1 Purpose of costing · What is a costing sys... · Financial accounting ... · Sources of data for c... · Classification of cos...
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100 nodesPrice And Cost Management Cost Accounting: · Production Flow Chart · Predetermine Overhead... · Job Costing · Process Costing · Standard Costing
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56 nodesChapter 4. Accounting for Factory Overhead Factory overhead incl... · Identifying Cost Beha... · Analyzing Semivariabl... · Accounting for Actual... · Distributing Service ... · Distributing Service ...
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29 nodesRecognizing Production Costs Direct Costs · Absorbing Costs
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24 nodesUntitled is the economic expen...
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58 nodesCosting 2 direct cost · costing methods · fixed costs · variable cost · sold item=generate in...
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80 nodesBUDGETS ADVANTAGES · LIMITATIONS · CLASSIFICATION · BEGINNING · REQUIREMENTS
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14 nodesRelevant Costs they are an accountin...
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8 nodescost management system in the savings and credit cooperatives of barranquilla The objective of this...
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42 nodesStandard Cost Material Price Varian... · Material Quantity Var... · Labour Rate Variance ... · Labour Efficiency Var... · Variable Overhead Rat... · Variable Overhead Eff...
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64 nodesCHAPTER 2. COST CLASSIFICATIONS I. Overview of Costs · II. Fixed Costs · III. Variable Costs · IV. Overall Comparison · V. Applications in Co...
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40 nodesVariable costing for management analysis Variable costing · Absorption costing · Accounting reports · Sales territory profi... · Product profitability... · Salesperson profitabi...
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24 nodesCOST It is a value or resu...
More Cost Concepts and Classification resources
About cost concepts and classification mind maps
GoConqr OriginalCost concepts and classification mind maps
Start with Cost/Managerial Accounting for a map that brings cost classifications, direct and indirect costs, and manufacturing costs together. Its branches offer a place to see how those ideas connect before moving to a narrower topic.
For costing methods, Costing Methods includes job and process costing. The Process costing map also covers losses, joint products and equivalent units. For another perspective, Contemporary cost management models includes value chain analysis and value-added activities.
Revise with a map
Follow one branch at a time, then try to recall its main points without looking. Return to the map to check what you missed. When you want to practise recalling terms separately, switch to flashcards on the unit page; use a quiz there when you are ready to test your understanding.
Choose a branch and make it your next revision focus.
Frequently asked questions
What do these mind maps cover?
The maps cover cost classifications, costing methods, overheads and cost management. For example, Cost/Managerial Accounting includes direct and indirect costs, while Process costing covers losses and equivalent units. You can also explore maps on activity-based costing, cost estimation and costs in decision making.
Are the mind maps free to use?
Yes. Every resource listed here is free to open and study without an account. The maps were made by GoConqr users, so you can explore different ways of organising a topic. You can return to a map’s branches as you revise.
What can I do if a topic is missing?
You can make your own mind map with a free account. The account also lets you create quizzes, flashcards and notes, and saves your quiz scores. Before making a map, you could use the listed resources to see how other users have organised related cost topics.