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 costing 1,
Classifying costs 3 ways 2,
Classifying costs by nature direc...
20
cards
Chapter 2: Introduction to budgeting
Purposes of budgeting prime 1,
Budgeting process 2,
Budget accountant 3
15
cards
Chapter 3: Identifying budget data
Types of data data information 1,
Quantitative data 2,
Qualitative data 3
9
cards
Chapter 4: Preparing budgets (Standing costing)
What is a standard cost 1,
Ideal standard 2,
Attainable standard 3
12
cards
Chapter 4: Preparing budgets (functional budgets, cash budgets)
Functional budgets 1,
Hierarchy of functional budgets 2,
Preparing the functional budget t...
13
cards
Chapter 4: Preparing budgets (adjusting budgets)
Adjusting budgets 1,
Changing budgetary assumptions 2,
Explaining budget 3
3
cards
Chapter 5: Forecasting - statistical tehniques (Part 1)
Quantitative techniques to improv...,
What is time series analysis 2,
Components of a time series analy...
13
cards
Chapter 5: Forecasting - statistical tehniques (Part 2)
Expected values 1,
Limitations of using ev 2,
Sensitivity analysis 3
17
cards
Chapter 6: Budgetary Control - Making comparisons
Budgetary control what is control 1,
What is a fixed budget 2,
What is a flexible budget 3
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 1,
Traditional absorption costing fo...,
Advantages of abc 3
7
cards
Chapter 10: Life Cycle Costing
Traditional approach 1,
Life cycle approach 2,
Shorter product life cycle 3
8
cards
Midpoint Mock
Standard costing to assist with b...,
Cost unit what is it and what is ...,
Cost centre 3
5
cards
Chapter 11: Decision Making
Make or buy outsourcing adv and d...,
Relevant and non relevant costs 2,
Closure decisions 3
18
cards
Chapter 12: Financial Performance Ratios
Gross profit margin 1,
Net profit margin 2,
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 3
14
cards
Chapter 14: Divisional Performance
Roi 1,
Drawback of roi 2,
Ri residual income 3
12
cards
Chapter 15: Technology
Cloud computing 1,
Benefits of cloud computing 2,
Cloud accounting or online accoun...
18
cards
Mock Assessments 1&2
Index numbers explanation 1,
Index numbers explanation 2,
Problems with relying on forecasts 3
13
cards
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AMAC
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