Mod 1, Appendix: Accounting Techniques for supporting operational management

Mod 1, Appendix: Accounting Techniques for supporting operational management

1. Product Costing

   • Job costing
   • Process costing
   • Overhead allocation

2. Cost-volume-profit-analysis

   • Contribution margin
   • Break-even point
   • Sales required to achieve the budgeted or target profit

3. Budgeting

4. Cost Classifications

   • Direct/Indirect
   • Fixed/Variable
   • Outlay/Opportunity
   • Relevant/Sunk
   • Value-added/non-value-added
   • Committed/discretionary
   • Controllable/uncontrollable