WELCOME TO KML ACCOUNTING UNIT
1.0 MANAGERIAL ACCOUNTING BASICS
1.1 COMPARISON BETWEEN MANAGERIAL ACCOUNTING AND FINANCIAL ACCOUNTING
1.2 FUNCTIONS OF MANAGEMENT AND ROLES OF ACCOUNTING INFORMATION IN MANAGEMENT
1.3 CHARACTERISTICS OF MANAGERIAL ACCOUNTING INFORMATION
1.4 ROLES OF MANAGEMENT ACCOUNTANT
1.5 CODES OF ETHICS IN MANAGEMENT ACCOUNTING
2.0 COST : CONCEPT, CLASSIFICATION AND COMPONENT
2.1 THE IMPORTANCE OF COST INFORMATION
2.2 DIFFERENCE BETWEEN COST AND EXPENSES
2.3 COST CLASSIFICATION
2.4 MANUFACTURING COSTS
2.5 NON-MANUFACTURING COSTS
2.6 DIRECT COSTS
2.7 INDIRECT COSTS
2.8 PRODUCT COSTS AND PERIOD COSTS
3.0 MANUFACTURING COSTS
3.1 MATERIAL COST
3.2 LABOUR COST
3.3 MANUFACTURING OVERHEAD COST
3.4 STATEMENT OF COSTS OF GOODS MANUFACTURED
4.0 ACTUAL COSTING AND NORMAL COSTING
4.1 ACTUAL COSTING AND NORMAL COSTING
4.2 ACTUAL OVERHEAD, APPLIED OVERHEAD AND BUDGETED OVERHEAD
5.0 BUDGET [PRACTICAL]
5.1 DEFINITION OF BUDGET
5.2 IMPORTANCE OF BUDGET
5.3 MASTER BUDGET
6.0 COST VOLUME PROFIT [CVP] ANALYSIS
6.1 CVP ANALYSIS
6.2 ASSUMPTIONS IN CVP ANALYSIS
6.3 COST BEHAVIOUR
6.4 CVP ANALYSIS METHOD
6.5 MARGIN OF SAFETY
6.6 SENSITIVITY ANALYSIS
6.7 DISCUSS THE IMPORTANCE OF COST VOLUME PROFIT ANALYSIS TO MANAGEMENT
6.8 IDENTIFY THE ETHICAL ISSUES INVOLVED IN COST VOLUME PROFIT ANALYSIS
7.0 ABSORPTION COSTING AND MARGINAL COSTING
7.1 ABSORPTION COSTING AND MARGINAL COSTING
7.2 PRODUCT COST DETERMINATION
7.3 STATEMENT OF COMPREHENSIVE INCOME
7.4 STRENGHTS AND WEAKNESSES IN ABSORPTION COSTING AND MARGINAL COSTING
8.0 JOB ORDER COSTING
8.1 JOB ORDER COSTING
8.2 DETERMINATION OF COST PER JOB
9.0 PROCESS COSTING
9.1 PROCESS COSTING
9.2 EQUIVALENT UNITS
9.3 DETERMINATION OF PRODUCT COST PER EQUIVALENT UNITS
9.4 COST OF COMPLETED UNITS AND ENDING WORK-IN-PROCESS INVENTORY
9.5 TRANSFERRED-IN COST
9.6 PRODUCTION COST REPORT
10.0 STANDARD COSTING AND VARIANCE ANALYSIS
10.1 STANDARD COSTING
10.2 DETERMINATION OF STANDARD COST
10.3 VARIANCE ANALYSIS
10.4 PREPARE AN EXTRACT VARIANCE REPORT BASED ON THE ANALYSIS
11.0 DECISION MAKING
11.1 RELEVANT COSTS
11.2 TYPES OF RELEVANT COSTS AND IRRELEVANT COSTS
11.3 APPLICATION IN DECISION MAKING
11.4 QUALITATIVE FACTOR IN DECISION MAKING