Principles of Managerial Accounting
Expertsminds.com contains certain information under the topic ACC-202 Principles of Managerial accounting as under:
Managerial accounting is the practice of identifying, measuring, analyzing, interpreting and communicating financial information to managers for the pursuit of an organization's goals. Principles of Managerial Accounting by Expertsminds under topic ACC-202 Principles of Managerial Accounting is as under.
- Principle of Causality
- Principle of Analogy
The need for cause and effect insights are included in the Principle of Causality. The Application of casual ideas by management in their activities are included in the Principle of Analogy.
Specific methods covered under ACC-202 Principles of Managerial Accounting are as under.
Cost volume profit analysis is a method of managerial accounting that looks at the impact that varying level of costs and volume have on operating profit. Differential costing is a technique where mainly differential costs are considered relevant.
Standard costing is a unifying concept in which standards are set for all cost elements. Budgeting, on the other hand, is a total concept that is used for quantifying plans. Capital investment analysis is a budgeting procedure that companies and government agencies use to access the potential profitability of a long term investment.
ACC-202 Principles of Managerial Accounting
This ACC-202 course is an introduction to managerial accounting for non-accounting business majors. Emphasis is given on the internal accounting methods of business organizations for planning and control. Various ACC-202 Principles of Managerial Accounting assignments topics include determining accounting systems for manufacturing operations, differential analysis and produce pricing, cost-volume profit analysis, decentralized operations, budgeting and standard costs, & capital investment analysis.
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