Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. What are optional processes in Production? 2. What are costs put into when we are in WIP and costs are happening on the CO

image text in transcribed 1. What are optional processes in Production? 2. What are costs put into when we are in WIP and costs are happening on the CO side? 3. What is used to push cost from FI to CO ? 4. More on Controlling (WATCH THE VIDEOS FOR THIS) 5. More focus on Product Costing, Cost Center Accounting (CCA), Internal Orders (than on Profitability accounting) When may a company want to use internal orders, CCA, PCA or COPA? 6. What is a distribution for? 7. What is an assessment for? 8. What are the two types of COPA? which one do accountants like why? which one do other business people like? 9. How many real postings are there? why? 10. How many statistical postings are there? 11. Difference between the allocation methods: distributions and assessments, hierarchy, master data and rules before transactions can happen a. Which can only include primary cost elements, which can include both? 12. Which aspects of Controlling have a standard hierarchy (there are 2 of them) and 13. Know general concepts for Profitability Accounting and what goes under that and how, when and why it is used and differences / similarities between CO-PA and Profit Center Accounting (PCA) and standard hierarchy, master data and rules for both before they can be used. 14. Which is used for internal profitability? 15. Which is used for external profitability? 16. What are examples of external profitability objects we would want to understand the profitability for? 17. Do revenues flow over to CCA, PCA, and/or CO-PA (Profitability Analysis)? 18. What do production processes fall under as far as related to accounting / controlling? (Hint: DM, DL, FOH)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting In Emerging Economies

Authors: Mathew Tsamenyi

1st Edition

1849506256, 9781849506250

More Books

Students also viewed these Accounting questions

Question

Explain how to control impulses.

Answered: 1 week ago

Question

Discuss the five steps that can be used to conduct a task analysis

Answered: 1 week ago

Question

Discuss the purpose and advantages of conducting a needs assessment

Answered: 1 week ago