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willcpa | Making the complex simple.

Making the complex simple. (by WillCPA)

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willcpa | Making the complex simple. | willcpa.wordpress.com Reviews
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Making the complex simple. (by WillCPA)
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1 willcpa
2 creating budgetary numbers
3 variances
4 investigation of variances
5 the first level
6 the sales volume variance
7 formula
8 flexible budget variances
9 price variance
10 usage/efficiency variance
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willcpa,creating budgetary numbers,variances,investigation of variances,the first level,the sales volume variance,formula,flexible budget variances,price variance,usage/efficiency variance,written by willcpa,budgets,responsibility centers,cost hierarchies
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willcpa | Making the complex simple. | willcpa.wordpress.com Reviews

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Making the complex simple. (by WillCPA)

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1

Financial Accounting Basics – Equity Transactions | willcpa

https://willcpa.wordpress.com/2011/03/27/financial-accounting-basics-equity-transactions

Making the complex simple. Financial Accounting Basics – Equity Transactions. Leave a comment ». You and your friend start up a company. In the Charter, you stipulate that the company can issue up to 1,000 shares. You put in $500 to receive 100 $1 par shares, and so does your friend. Common Stock/Par $200 (200 shares * $1 Par). Additional Paid in Capital (APIC) $800. Repurchasing Stock Treasury Stock. Treasury Stock is a CONTRA account of Owner’s Equity*. How many shares are outstanding now? Non-Cumulati...

2

Managerial/Cost Accounting Basics – Job Costing | willcpa

https://willcpa.wordpress.com/2011/03/30/managerialcost-accounting-basics-–-job-costing

Making the complex simple. Managerial/Cost Accounting Basics Job Costing. Leave a comment ». The primary emphasis throughout creating a costing system is Cost-Benefit. The value of the information produced must always be greater than the cost to collect the data. Beyond limiting complexity to practical need, a costing system should be derived from the company’s operations, not the other way around. A collection of cost items. Season patterns or erratic cost behaviors may produce inappropriate rates.

3

Managerial/Cost Accounting Basics – Cost – Volume – Profit | willcpa

https://willcpa.wordpress.com/2011/03/30/managerialcost-accounting-basics-cost-volume-profit

Making the complex simple. Managerial/Cost Accounting Basics – Cost – Volume – Profit. Leave a comment ». We examine the relationship between revenues, variable costs and fixed costs. Valuable for management to examine what-if scenarios. Sales Variable Costs Fixed Costs = Operating Income. Operating Income is Net Income before interest and taxes. There are several assumptions we must make to use/manipulate this formula. Selling price, variable cost per unit, and fixed cost are known and constant. Margin ...

4

Managerial/Cost Accounting Basics – Activity Based Costing | willcpa

https://willcpa.wordpress.com/2011/03/31/managerialcost-accounting-basics-–-activity-based-costing

Making the complex simple. Managerial/Cost Accounting Basics Activity Based Costing. Leave a comment ». Cost Smoothing or Peanut-Butter Costing. Averages the cost of resources evenly over cost objects. Leads to improper allocations of costs. Product Overcosting the allocation of a larger portion of expense compared to the resources actually used. Product Undercosting the allocation of a smaller portion of expense compared to the resources actually used. Problems could lead to improper management decisions.

5

March | 2011 | willcpa

https://willcpa.wordpress.com/2011/03

Making the complex simple. Archive for March 2011. Managerial/Cost Accounting Basics Activity Based Costing. Leave a comment ». Cost Smoothing or Peanut-Butter Costing. Averages the cost of resources evenly over cost objects. Leads to improper allocations of costs. Product Overcosting the allocation of a larger portion of expense compared to the resources actually used. Product Undercosting the allocation of a smaller portion of expense compared to the resources actually used. Second, divide indirect cos...

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willcpa | Making the complex simple.

Making the complex simple. Managerial/Cost Accounting Basics Flexible Budgets and Variances. Leave a comment ». There are many sources from which management gathers information to create budgets. Management may refer to past data to predict future operations, if reliable data exists. However, adjustments must be made to account for different circumstances and efficiencies. A company may use another company as a benchmark for operations, but detailed insider information is rarely available. As we break do...

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