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Labor Incentive Plans
ACCA MA Management Accounting

Labor Incentive Plans

October 1, 2021 admin

  TIME WORK SYSTEM In this system labor is paid  on base of time worked. Total labour remuneration is sum of basic pay and overtime […]

ACTIVITY BASED COSTING (ABC)
ACCA MA Management Accounting

ACTIVITY BASED COSTING (ABC)

September 27, 2021 admin

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 […]

Inventory Control Models
ACCA MA Management Accounting

Inventory Control Models

September 26, 2021 admin

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 […]

Job Order Costing
ACCA MA Management Accounting

Job Order Costing

September 25, 2021 admin

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 […]

Inventory Valuation Methods
ACCA MA Management Accounting

Inventory Valuation Methods

September 24, 2021 admin

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 […]

Materials Purchase Cycle – EXPLAINED
ACCA MA Management Accounting

Materials Purchase Cycle – EXPLAINED

September 24, 2021 admin

Materials Purchase Cycle   When a department stock level drops down , the particular department issues purchase request to purchase department in purchase requisition form […]

TYPES OF COST – BASED ON COST BEHAVIOR
ACCA MA Management Accounting

TYPES OF COST – BASED ON COST BEHAVIOR

September 21, 2021 admin

Cost behavior   Fixed cost Variable costs Semi variable costs Stepped fixed Fixed Cost This cost remains fixed over certain period of time irrespective of […]

COST CLASSIFICATION – TYPE OF COSTS
ACCA MA Management Accounting

COST CLASSIFICATION – TYPE OF COSTS

September 21, 2021 admin

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 […]

Differences between FINANCIAL and MANAGEMENT  ACCOUNTING
ACCA FA Financial Accounting MA Management Accounting

Differences between FINANCIAL and MANAGEMENT ACCOUNTING

September 19, 2021September 19, 2021 admin

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 […]

Levels of Planning  – KEY POINTS
ACCA MA Management Accounting

Levels of Planning – KEY POINTS

September 18, 2021September 18, 2021 admin

Operational Planning Planning by supervisors of Information need for daily tasks Tasks specific information Short term  requirement Day to day planning   Tactical Planning Short […]

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