This class was created by Brainscape user Christopher White. Visit their profile to learn more about the creator.
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Decks in this class (20)
Chapter 1: Management Accounting - The Basics
Useful purposes of costing5 purposes,
Classifying costs3 ways,
Classifying costs by nature direc...
20
cards
Chapter 2: Introduction to budgeting
Purposes of budgeting prime,
Budgeting process,
Budget accountant
15
cards
Chapter 3: Identifying budget data
Types of datadatainformation,
Quantitative data,
Qualitative data
9
cards
Chapter 4: Preparing budgets (Standing costing)
What is a standard cost,
Standard cost,
Attainable standard
12
cards
Chapter 4: Preparing budgets (functional budgets, cash budgets)
Functional budgets,
Hierarchy of functional budgets,
Preparing the functional budget
13
cards
Chapter 4: Preparing budgets (adjusting budgets)
Adjusting budgets,
Changing budgetary assumptions,
Explaining budget
3
cards
Chapter 5: Forecasting - statistical tehniques (Part 1)
Quantitative techniques to improv...,
What is time series analysis,
Components of a time series analy...
13
cards
Chapter 5: Forecasting - statistical tehniques (Part 2)
Expected values,
Limitations of using ev,
Sensitivity analysis
17
cards
Chapter 6: Budgetary Control - Making comparisons
Budgetary controlwhat is control,
What is a fixed budget,
What is a flexible budget
4
cards
Chapter 7: Variance Analysis
Investigating variances considera...,
What is the total direct material...,
What is the total direct labour c...
12
cards
Chapter 8: Limiting Factors
Calculating an optimal production...,
Calculating an optimal production...,
Solving a linear programming prob...
6
cards
Chapter 9: Costing Methods
Activity based costing,
Traditional absorption costing fo...,
Advantages of abc
7
cards
Chapter 10: Life Cycle Costing
Traditional approach,
Life cycle approach,
Shorter product life cycle
8
cards
Midpoint Mock
Standard costing to assist with b...,
Cost unit,
Cost centre
5
cards
Chapter 11: Decision Making
Make or buyoutsourcing adv and di...,
Relevant and non relevant costs t...,
Closure decisions
18
cards
Chapter 12: Financial Performance Ratios
Gross profit margin,
Net profit margin,
Return on capital employed is whi...
17
cards
Chapter 13: Non-financial performance indicators
Examples of nfpi for customer sat...,
Examples of nfpi for productivity...,
Examples of nfpi for quality
14
cards
Chapter 14: Divisional Performance
Rpo,
Drawback of roi,
Ri residual income
12
cards
Chapter 15: Technology
Cloud accounting,
Benefits of cloud accounting,
Cloud accounting or online accoun...
18
cards
Mock Assessments 1&2
Index numbers explanation why is ...,
Index numbers explanation why to ...,
Problems with relying on forecasts
13
cards
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amac
- Class purpose General learning
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