Fundamentals of Cost Accounting

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

View Full Document Right Arrow Icon
Accounting 111 Pollard Chapter 1 Learning Objectives (L.O): 2 and 3 Assignment: Exercises 16 and 17 Problems 22, 23, 24, and 25 Read the sections of the chapter which cover the Learning Objectives listed above and review the PowerPoint slides for the chapter. Use this information to complete this chapter summary. Test your understanding of the material by completing the assignment for the chapter. L.O.2: Distinguish between the uses and users of cost accounting and financial accounting information. Characteristics Financial Accounting Cost Accounting Users External decision makers Internal decision makers Primary characteristic Comparable data Relevant data Follows GAAP? Yes No L.O.3: Explain how cost accounting information is used for decision making and performance evaluation in organizations Re-read text pages 3 (the opening vignette about Carmen’s Cookies), 10, and 11, and see the Power Point slides to answer the following questions: Using cost data for decision making: What is a cost driver? It is a factor that causes or drives costs
Background image of page 1

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

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

Page1 / 2

Chapter 1 Key - Accounting 111 Pollard Chapter 1 Learning...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online