Management Accounting and Performance Measurement notes
25 notes by 21 users
This page gathers management accounting notes on costs, budgeting, decisions and performance measurement. It offers university students and professional candidates material for studying these topics, and teachers ready-made resources for lessons. There are more than 20 notes, made by GoConqr users. Choose a topic and start reading.
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- Management Accounting vs Financial Accounting6
- Cost Concepts and Cost Behavior28
- Costing Systems24
- Activity-Based Costing13
- Absorption and Marginal Costing14
- Cost-Volume-Profit Analysis26
- Relevant Costing and Decision Making33
- Throughput Accounting and Limiting Factors8
- Capital Budgeting6
- Budgeting and Budgetary Control32
- Standard Costing and Variance Analysis23
- Responsibility Accounting10
- Transfer Pricing9
- Performance Measures and the Balanced Scorecard16
- Strategic Management Accounting10
Notes
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Exercises
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Configurations of control: An exploratory analysis accounting and other control mechanisms combine as apackage and the associations these combinations havewith contextual circumstances. Specifically, this studydevelops a taxonomy of control configurations. The configu...
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Key Management Accounting Guidelines Three Guidelines to A Successful Management Accountant:1. Employ a cost-benefit approach2. Give full recognition to behavioral and technical considerations3. Use different costs for different purposes
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Mangerial accounting Financial accounting Bookkeeping cycle (e.g. 2019) ginning opening balance sheet; Business transactions; Journal (translation transactions); General ledgers (grootboekrekeningen); income statement (2020) Balance sheet...
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FINAL MIDTERM - Managerial Accounting Concepts CHAPTER 25 AND CHAPTER 26What are the Decision Making Process?1, Relevant 2, Accurate 3, Timely@ Clarify the Decision Problem @ Specify Criteria @ Identify the alternatives @ Develop a Decision Model @ Collect Manager...
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Chapter 11: Performance Measurement in Decentralized Organizations Benefits of decentralization in organizations: Top management freed to concentrate on strategy Lower-level decisions often based on better information Lower level managers can respond quickly to customers Lower-level ...
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Managerial Accounting Accounting Recording Estimating Organizing Summarizing |Financial and Operating Data| Financial Accounting Reports to those outside the organization (Owners, Creditors, Tax Authorities, Regulators) Emphasizes fin...
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Chapter 9: Budgetary Planning Essentials of Effective Budgeting Budget: a formal written statement of management's plans for a specified future time period, expressed in financial terms. Control Device - important basis for performance evaluation ...
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Break-even Analysis - created from Mind Map Nature Costs Calculations of break even Interpretation of break-even
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ACCT2522 Accounting chap 1 : Management Accounting management accounting system information systems that provide informations for managers to make better decisions to create value to stakeholders Value - customer perspec vs business perspec Elements o...
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Budgets and Variance - created from Mind Map Reasons for Budgeting Decision Making and Strategic Planning Measuring the money entering and leaving the business in all areas, using the information to indicate the level of efficiency and effectiveness of the busin...
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accounting notes for final Chapter Ten: Performance EvaluationHow Does Decentralization Affect Performance Evaluation? centralized decision making: often smaller companies, the owner/top manager makes all planning/operating decisions decentrali...
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Chapter 1: Introduction to Managerial Accounting Managerial Accounting: Provision of accounting information for a company's internal users. Firm's internal accounting system designed to support the information needs of managers. Not bound by any formal criteria. Thr...
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Cost-Volume-Profit Analysis Basics Terms to know Contribution Margin: (total revenues) - (total variable cost) Contribution Margin Per Unit: (selling price) - (variable cost per unit) Contribution Margin Ratio: (contribution margin...
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Short-term Decision Making Make or Buy What's the issue? We want to determine whether we should make a product ourselves or outsource the production to another company What costs will we consider? incremental costs: costs that are different und...
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Chapter 2: Basic Managerial Accounting Concepts Cost: the amount of cash or cash equivalent sacrificed for goods and/or services that are expected to bring a current or future benefit to the organization. Expense: an expired cost; the benefit has been used up.Accum...
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Accounting Exam 1 Review CHP 1-2,5-6 three types of costs: direct materials direct labor manufacturing O/H variable cost - decrease if less produced; constant per unit fixed cost - constant in total sunk cost - cost cannot be reverse...
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Chapter 9 Prepare a flexible budget and a flexible budget performance report Planning budget: Prepared before the period begins and is valid for only the planned level of activity Flexible budget: An estimate of what revenues a...
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Untitled Relationship between risk and return (graph) Risk free rate (risk free interest rate) Risk premium ( risk prem. interest rate) Organisation of business limitation transfer ownership limited liability company (don't ha...
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Accounting Chapter 23 Testing CONCEPTS :1, Variance Analysis includes 3 Levels2, Direct Material Variance, Labor Variance , Manufacturing Overhead Variance 3, Flexible Budget Variance Why we Mangers use Budgets? Why I need to make Budgetin...
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Management Accounting 2 Break Break even: is the point at which total sales equal total costs and neither a profit nor a loss is being made. TR = TC
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ACC 202 Exam 3 Study Go through power points. Rework the book homework and class examples without having to look back at notes. Chapters 8-11. 25 multiple choice questions (worth 3 each) Whats the present value of this? Profitability Inde...
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Untitled Chapter 9Activity Variance = Plan vs FlexSpending and Revenue Variance = Actual vs FlexFlexible Budget = Actual activity vs. planned pricesStatic Budget = Planned Activity vs Planned PricesActual Budget - Actual :)Cha...
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Accounting 2020 ch 12 Capital budgeting is the process of making capital investment decisions. Capital investments are made by companies, usually requiring large sums of capital, when they acquire capital assets- assets used for a lo...
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CVP: Written answers Use the name of the business Link information to decision Use the context of the business in your reasons Explain the impact of your reasons Justify decision using at least two financial and non-financial pieces of in...
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About management accounting and performance measurement notes
GoConqr OriginalManagement accounting and performance measurement notes
These notes cover topics from the role of management accounting to cost-volume-profit analysis and performance evaluation. Key Management Accounting Guidelines introduces approaches to costs and decisions, while Managerial Accounting looks at accounting information and its users.
For a starting point, read the introductory managerial accounting notes, then turn to the notes on basic concepts for definitions of costs and expenses. If you are already familiar with those ideas, start with Cost-Volume-Profit Analysis or Short-term Decision Making instead.
Revise with notes
Read a section, close it and write down the main points you remember. Reopen the note to check what you missed. For practice with performance measures, use Exercises, which includes return on investment and residual income questions.
When you want to check your understanding in a different way, switch to a quiz on the unit page. A mind map can help you review connections between topics. Pick a note that matches what you are studying now.
Frequently asked questions
Which notes should I start with?
The introductory managerial accounting notes are a useful starting point if you want to review the role of accounting information. Follow them with the notes on basic concepts to revisit costs and expenses. For a more focused topic, open Cost-Volume-Profit Analysis.
What do these notes cover?
The collection covers management accounting guidelines, costs, budgeting, decision making and performance measurement. Exercises includes questions on return on investment and residual income, while the notes on budgetary planning discuss budgets as a control device. You can choose a resource to match the topic you are revising.
Are the notes free to use?
Yes. Every resource listed here is free to open and study without an account. A free account also lets you save quiz scores and make your own quizzes, mind maps, flashcards and notes. The resources were made by GoConqr users, not by GoConqr.
Who are these notes for?
The collection is mainly suited to university students and professional candidates studying management accounting and performance measurement. Teachers can also use the notes as ready-made material for lessons or revision. Topics include cost concepts, budgetary planning, short-term decisions and performance evaluation.