Explain the role of financial reporting in the devel opment of management accounting. Is external re porting
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Explain the role of financial reporting in the devel¬ opment of management accounting. Is external re¬ porting the only reason firms choose to use inven¬ tory costs for product costing? Explain.
LO8
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Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
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Related Book For
Cost Management Accounting And Control
ISBN: 9780538864459
2nd Edition
Authors: Don R. Hansen, Maryanne Mowen
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