Lecture No. 1 Managerial Accounting Concepts

Lecture No. 1 Managerial Accounting Concepts -...

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Managerial Accounting  and Cost Concepts Lecture No. 1 AC 206 – Managerial Accounting
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Topics of Lecture Compare Managerial and Financial  Accounting Cost Classifications Product Versus Period Costs Cost Behaviors Assigning Costs
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Contrasting Managerial and  Financial  Accounting  Future versus past Users: internal versus external Time frames Precision GAAP Issues
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Cost Classifications Manufacturing Costs Direct Materials Direct Labor Manufacturing Overhead Non-manufacturing Costs Selling  Administrative
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Examples of Manufacturing  Overhead Indirect Labor Indirect Material Factory Supplies Factory Utilities Key Terms: Factory, Production, Manufacturing
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Examples of Non-Manufacturing  Overhead Office Salaries Office Depreciation Selling Expenses Executive Life Insurance Office Supplies
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Prime Costs Direct Material Direct Labor
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Conversion Costs Direct Labor Manufacturing Overhead
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This note was uploaded on 03/07/2012 for the course ACCT 206 taught by Professor Jamescruz during the Spring '12 term at Boise State.

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Lecture No. 1 Managerial Accounting Concepts -...

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