ACIS 2116 Topics Covered Test 1

ACIS 2116 Topics Covered Test 1 - ACIS 2116 Chapter One...

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ACIS 2116 Chapter One Accounting Information and Managerial Decisions Topics Covered A. Accounting Information needed for decision making 1. Need both financial and nonfinancial information 2. Data, Information, Knowledge B. Knowledge Management Tools 1. Data and Knowledge Warehouses. 2. Enterprise Resource Planning Systems 3. Electronic Data Interchange C. Users of Accounting Information 1. External users 2. Internal users D. Managers 1. Three primary activities 2. Functional Areas of Management E. Differences between financial and managerial accounting F. Decision Making Model G. Relevant Factors and Decision Making 1. Relevant costs 2. Sunk costs 3. Opportunity costs H. Risk and Decision Making I. Ethics and Decision Making C HAPTER T HREE Product Costing: Manufacturing Processes, Cost Terminology, and Cost Flows Topics Covered A. Manufacturing, Merchandising, and Service Companies 1. Types of Inventory B. The Production Process 1. Manufacturing in a Traditional Environment 2. Manufacturing in a JIT Environment
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This note was uploaded on 03/18/2008 for the course ACIS 2116 taught by Professor Cmeasterwood during the Fall '08 term at Virginia Tech.

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ACIS 2116 Topics Covered Test 1 - ACIS 2116 Chapter One...

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