This website uses cookies to ensure you have the best experience. Learn more

Accounting Revision Notes For Test Essay

573 words - 2 pages

A cost object is an item which is assigned a separate measure of cost.A variable cost is a cost that changes whilst a fixed cost doesn't change.A direct cost is a cost that can be identified with or traced to a particular cost object in an economic manner (i.e. paper from a text book). Whereas an indirect cost is a cost that cannot be identified with or traced to a cost object in an economic manner (i.e. the glue that binds the book together). Instead this cost is put under management overhead.Costs can be called 'controllable' or 'uncontrollable'. This means that a controllable cost is a cost that a manager can control or significantly influence (i.e. Cost of raw material used to produce Laptop's - this is controllable by the quantity but the price is not). An uncontrollable cost is something that a manager cannot control as has no influence on the outcome (i.e. the advertising cost of the campaign of Coca-Cola Amatil in U.S.A).The Value Chain is a set of linked processes or activities that begins with acquiring resources and ends with providing products that customers value. (p.49)Manufacturing costs are split up into three main cost headings. Direct Material, Direct Labour and Manufacturing Overhead. Direct Material is the raw material that is consumed in the manufacturing process. Indirect Materials are often classified as insignificant and are then classified under the manufacturing overhead. Direct labour is the cost of salaries, wages and labour on costs for personnel who work directly on the manufactured product. Manufacturing Overhead is all manufacturing costs other than direct labour and direct material costs. This includes indirect materials and indirect labour costs. Manufacturing Overhead costs are also overtime...

Find Another Essay On Accounting Revision Notes for test

Examination skills Essay

1602 words - 7 pages According to VARK test produced by Fleming (2011), I am a partial Read/Write and Visual learner. The effective methods of learning would be drawing diagrams, highlighting keywords, writing information in bullet points and read information over and over again (Fleming, 2011). In preparation for the psychology exam, I have used 3 different types of revision techniques relating to my learning style to enhance learning. The first technique is to

A History and Summary of Accounting

1589 words - 7 pages Accounting dates back over five thousand years, to before the birth of Christ. It has been traced back to when Mesopotamia traded and needed to keep records. The scribes who recorded when they traded things were like modern day book keepers. Ancient Egyptians also used scribes to keep an inventory of all products coming in and going out. They compared the records to the inventory to make sure it was accurate; Egyptians also used their notes

Accounting

2206 words - 9 pages are assessed. Learning Outcomes Where assessed Students will be able to Homework Tutorials Test Exam a. Discuss the nature and role of management accounting in organisations. X X b. Calculate the cost of products and services using various costing techniques. X X X c. Discuss the nature and purpose of alternative costing techniques for products and services. X X X d. Make various non-routine decisions supported by both financial calculations and

Management Accounting

2206 words - 9 pages are assessed. Learning Outcomes Where assessed Students will be able to Homework Tutorials Test Exam a. Discuss the nature and role of management accounting in organisations. X X b. Calculate the cost of products and services using various costing techniques. X X X c. Discuss the nature and purpose of alternative costing techniques for products and services. X X X d. Make various non-routine decisions supported by both financial calculations and

abcdfg

8692 words - 35 pages with answers and test bank; and n Detailed PowerPoint slides with animation effects and flowcharts. ForthcomiNg Financial Accounting Information for Decisions, 2nd Edition John J Wild and Winston Kwok ISBN 9781259007903 • MHID 1259007901 • 2012 • Softcover Financial Accounting: Information for Decisions provides leading accounting content that engages and motivates students. It helps students to develop good decision-making habits

Three study techniques you will use for an examinination

727 words - 3 pages An effective use of revision techniques will help me to pass my biology examination. I use revision charts, note taking from the text book, practicing questions, highlighter pens and also stick notes around the room to ensure information stays on the mind. I apply these techniques base on the topic I am studying. For instance, when I am studying the human digestive system, it requires detailed knowledge on its associated organs and enzymes

The Basic Concepts Upon Which Financial Accounting is Based

2020 words - 8 pages by management for the purposes of safeguarding the recording of all financial operations and auditors test their effective operation. What are accounting standards? Accounting standards are authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accordingly, compliance with accounting standards will normally be necessary for financial statements

Exam Anxiety and Stress

654 words - 3 pages complete it and reduces the interest level. Some students think that taking breaks will hamper their concentration but it’s wrong. Taking breaks within the study seasons rejuvenates the mind and body of the students. Also specifying time for personal care is essential as it wipes out sickness and boringness. Test and improve your ability: Practicing previous year question papers at home in an exam like atmosphere help the students in evaluating themselves. Pointing out the lacunas is also possible with this method. The revision period need to be planned accurately. Experimenting different study techniques improves the reading and revising skill of students.

Accreditation and Certification in the Health Care Industry

927 words - 4 pages ; however certification can also include or be based on education and experience alone. (Roat, 2006) .On the other hand, accreditation is usually earned and applied to an entire organization instead of individuals. Within an accredited organization, certified individuals and programs may be present. However, certification can become problematic when it excludes individuals who are competent but poor test takers which can be similar for accreditation

Accounting Theory and Adoption of IFRS - postgraduate - essay

758 words - 4 pages (AASB, 2004a). Since the adoption of IFRS aims to reduce accounting choices and provide clear information with greater disclosure requirements, there is a suggestion that IFRS are more effective in providing useful financial information for economic decisions than other nation-specific standards (AAA, 2003). In relation to the Notes, they were typically deemed ‘very difficult’ to read, and in general, large companies provide less readable Notes

gjkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

8478 words - 34 pages Teacher's/Examiner's Notes on how to conduct the tests (printed on the Examiner's copy of the Topic Cards) are updated accordingly. Centres are also reminded that the Speaking Test Training Handbook (on DVD/CD-ROM) has replaced the old Distance Training Pack and must be used by teachers to obtain accreditation for assessing the Oral (Component 05 or 06) . No further applications for accreditation will be accepted using the old Distance Training

Similar Essays

Notes For West Germany As Level Liverpool Revision Notes For As

615 words - 3 pages 1949 · Joint economic administration of western zones required coordinated political leadership – a new constitution was devised between summer 1948 and spring 1949 for a newly created West German state · Federal Republic of Germany officially came into being in May 1949 · The first free elections for 17 years took place and a new democratically elected German govt. under leadership of Konrad Adenauer took power · The future was not clear though

Introduction To Marketing Study Notes For Test

757 words - 3 pages Marketing Study NotesTarget Market - to whom will you target the product.Developing Starategic Marketing Plan- identify, evaluate & select the market- when market is selected, develop & implement a Marketing Program designed to target choosen market.Market - people with willingness to purchase and authority to buy.Types of Markets:CONSUMERR GOODS - products & services purchased by consumer for personal use.INDUSTRIAL GOODS - products

Intro To Marketing Study Notes For The Test (Continues)

668 words - 3 pages /20.80% of company's sales will come from 20% of its customers.Brand loyalty is important. Identifying brand-loyal heavy user is profitable for the marketer.To attract heavy users acompany might create different product size offerings, promotions, rewards, or financing terms.SEGMENTING BUSINESS-TO-BUSINESS MARKETS.GEOGRAPHIC SEGMENTATION - where the bulk customers are concentrated in geographic locations. It is important when organizing a sales

Exam Revision Notes For Grade 11 Biology. Units Covered: Microscopy, Classification, Plant & Animal Kingdoms, Ecosystems, Cycles, Relationships/Symbiosis And Environmental Change

1220 words - 5 pages BIOLOGY NOTES TERM 1 2003MICROSCOPYOcular - lens used for magnification (usually x10)Objectives - lenses used for magnificationLower powerx4Medium powerx10High powerx40Course adjustment - focuses image, moves focus quicklyFine adjustment - focuses image, moves focus slowlyStage - specimens are placed hereCondenser - focuses lightIris diaphragm - controls amount of light passing through the specimenTOTAL MAGNIFICATION=OCULAR MAGNIFICATION X