Manaterial Accouting - Activity Based Management

Manaterial Accouting - Activity Based Management

Managerial Accounting - Process Cossting

Managerial Accounting - Process Cossting

Managerial Accounting - Job Costing

Managerial Accounting - Job Costing

Managerial Accounting - Basic Cost Concepts

Managerial Accounting - Basic Cost Concepts

Managerial Accounting - An Overview

Managerial Accounting - An Overview

Management Accounting - Responsibility Accounting

Management Accounting - Responsibility Accounting: "Planning & control are essential for achieving good results in any business. Firstly, a budget is prepared and, secondly, actual results are compared with budgeted ones. Any difference is made responsibility of the key individuals who were involved in (i) setting standards, (ii) given necessary resources and (iii) powers to use them.
In order to streamline the process, the entire organization is broken into various types of centers mainly cost centre, revenue centre, profit center and investment centre. The organizational budget is divided on these lines and passed on to the concerned managers. Actual results are collected and displayed in the same form for comparison. Difference, if any, are highlighted and brought to the notice of the management. This process is called Responsibility Accounting."

MANAGEMENT ACCOUNTINGS - VARIANCE ANALYSIS I

MANAGEMENT ACCOUNTINGS - VARIANCE ANALYSIS I: "This is second part of Management Accounting - Variance Analysis. In the previous chapter, theoretical background was discussed and a case-study was introduced.
In this hub, calculation of various variances would be shown. Also some relevant topics would be covered like favorable and adverse variances, random and systematic variances and how to decided which variance is a serious one and what safeguards should be taken."