Instructor%20Notes%20-%20Chapter%2013

Instructor%20Notes%20-%20Chapter%2013 - Management 200T...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Management 200T Cost Accounting and Reporting Systems Chapter 13 Cost Management The process of using cost information from the accounting system to manage the activities of the organization. Cost accounting is viewed in its traditional role of determining the cost of producing products or providing services and the related accounting for those activities. This is a results oriented, short-term view of cost. A more contemporary view is that costs must be understood and managed at each stage of an organization’s value chain to provide an awareness of cost over the entire life cycle of a product or service A prescriptive, long-term view of cost where cost management clearly becomes a strategic initiative. Value chain – the sequence of functions and related activities that, over the life of a product or service, can ultimately make a difference to the customer. Cost Accumulation and Assignment Cost accumulation is the process of collecting and recording transaction data through the accounting information system.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern