Acct1511 Summer 2012
School of Accounting ACCT 1511: Accounting and Financial Management 1B Summer Session, 2012
Lecture Materials for Classes 10 -12 Management Accounting 10. Management Accounting: Review 11. Costing Systems 12. Budgeting for Planning and Control
Student Handout
Lecturer: Nicole Ang Website: http://lms-blackboard.telt.unsw.edu.au/webapps/portal/frameset.jsp
1
School of Accounting ACCT 1511: Accounting and Financial Management 1B Summer Session, 2012
Class 10 Review of Introduction to Management Accounting and Cost Concepts
Student Handout
Contents: 1. Learning Objectives (LO) 2. Tutorial Questions 3. Lecture Materials 4. Additional Reading Lecturer: Nicole Ang
Website: http://lms-blackboard.telt.unsw.edu.au/webapps/portal/frameset.jsp
2
1
Introduction and Learning Objectives
In this class you will be given a brief review of some of the basic cost concepts you were introduced to in ACCT1501. At the end of this class, you should be able to: • • Understand ways in which costs may be classified Identify and provide examples of the 3 cost types – direct materials (DM), direct labour (DL), and manufacturing overheads (OH) – involved in the product manufacturing process Prepare a simple schedule of cost of goods manufactured
•
Tutorial Questions for Class 11
None
3
Class 10
Management Accounting Class 10 Review Class 11 Costing systems Class 12 Budgeting
ACCT1511: AFM1B Management Accounting:
Review of Intro and Cost Concepts
1
2
Lecture Outline for Class 9
1. What is Management Accounting?
Area of accounting concerned with the provision
Cost concepts and classification
– Cost concepts – Classification
of information to all levels of management
So that management is able to carry out g y
planning, directing and motivating, and controlling responsibilities.
Key focus: Adding value!
3
4
Introduction to Cost Concepts and Classification
Cost Classification
Cost Classification
Lecture Materials for Classes 10 -12 Management Accounting 10. Management Accounting: Review 11. Costing Systems 12. Budgeting for Planning and Control
Student Handout
Lecturer: Nicole Ang Website: http://lms-blackboard.telt.unsw.edu.au/webapps/portal/frameset.jsp
1
School of Accounting ACCT 1511: Accounting and Financial Management 1B Summer Session, 2012
Class 10 Review of Introduction to Management Accounting and Cost Concepts
Student Handout
Contents: 1. Learning Objectives (LO) 2. Tutorial Questions 3. Lecture Materials 4. Additional Reading Lecturer: Nicole Ang
Website: http://lms-blackboard.telt.unsw.edu.au/webapps/portal/frameset.jsp
2
1
Introduction and Learning Objectives
In this class you will be given a brief review of some of the basic cost concepts you were introduced to in ACCT1501. At the end of this class, you should be able to: • • Understand ways in which costs may be classified Identify and provide examples of the 3 cost types – direct materials (DM), direct labour (DL), and manufacturing overheads (OH) – involved in the product manufacturing process Prepare a simple schedule of cost of goods manufactured
•
Tutorial Questions for Class 11
None
3
Class 10
Management Accounting Class 10 Review Class 11 Costing systems Class 12 Budgeting
ACCT1511: AFM1B Management Accounting:
Review of Intro and Cost Concepts
1
2
Lecture Outline for Class 9
1. What is Management Accounting?
Area of accounting concerned with the provision
Cost concepts and classification
– Cost concepts – Classification
of information to all levels of management
So that management is able to carry out g y
planning, directing and motivating, and controlling responsibilities.
Key focus: Adding value!
3
4
Introduction to Cost Concepts and Classification
Cost Classification
Cost Classification