ACCA MA Management Accounting
Labor Incentive Plans
TIME WORK SYSTEM In this system labor is paid on base of time worked. Total labour remuneration is sum of basic pay and overtime […]
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ACCA MA Management Accounting
ACTIVITY BASED COSTING (ABC)
ABC Plan ABC Plan is used to control the inventory by applying security measures or controls on each category. Through this technique management is able […]
ACCA MA Management Accounting
Inventory Control Models
Entity needs to maintain inventory at appropriate level keeping balance in contrasting factors inventory levels e.g if large amount of inventory is ordered ordering cost […]
ACCA MA Management Accounting
Job Order Costing
Small businesses maintain accounts for individual job orders .Due to lack of huge manufacturing orders they find ease to maintain for cost accounts on basis […]
ACCA MA Management Accounting
Inventory Valuation Methods
According to IAS2 inventory should be measured at lower of COST and NET PRESENT VALUE Net realizable value(NPV) is the estimated selling price(SP) in the […]
ACCA MA Management Accounting
Materials Purchase Cycle – EXPLAINED
Materials Purchase Cycle When a department stock level drops down , the particular department issues purchase request to purchase department in purchase requisition form […]
ACCA MA Management Accounting
TYPES OF COST – BASED ON COST BEHAVIOR
Cost behavior Fixed cost Variable costs Semi variable costs Stepped fixed Fixed Cost This cost remains fixed over certain period of time irrespective of […]
ACCA MA Management Accounting
COST CLASSIFICATION – TYPE OF COSTS
Cost classification is arranged in groups on suitable basis. Costs can be classified on different basis: Element Function Nature Classification on basis of Element Material […]
ACCA FA Financial Accounting MA Management Accounting
Differences between FINANCIAL and MANAGEMENT ACCOUNTING
Management Accounting Management also known as cost accounting is system of identifying, recording, analyzing and presenting data relating to organization’s own products/services, with main focus […]
ACCA MA Management Accounting
Levels of Planning – KEY POINTS
Operational Planning Planning by supervisors of Information need for daily tasks Tasks specific information Short term requirement Day to day planning Tactical Planning Short […]