Job Order Costing versus Process Costing
Imagine that you go out to dinner with a friend. You are on a limited budget, so you … Read More
Managerial Accounting
Time-driven Activity-Based Costing (ABC)
Time-Driven Activity-Based Costing A version of ABC which works on estimating time rather than identifying cost drivers through … Read More
Activity-Based Costing System | Steps
A method which is based on activities rather than units, products, or departments. An extension of ABC. Activity-based … Read More
Cost Accounting Systems | Managerial Accounting
Cost System Definition A form of accounting system which captures cost data that will then form the basis … Read More
Cost Classifications in Managerial Accounting
Our purpose here is to provide an introduction to the different ways in which costs can be classified, … Read More
Managerial Accounting and Information Technology
There are numerous information technologies supporting managerial accounting practices. Here, we briefly highlight some technologies that have had a particular … Read More
Purpose and Users of Managerial Accounting Information
There is no general template for what constitutes ‘right’ or ‘proper’ managerial accounting information for an organization. However, … Read More