endobj endstream endobj 491 0 obj <>stream '~zPB9"D(j)uvARhTAbOX\V`IxO*jP-FvTAwSAY endobj endobj 0000002112 00000 n h*6{:^Hsdw`f~2fpiB#52ZDp>c[_8Lr"h.D^ohLRKZ/%}{72[#8X^.eX"\2Odf:pf;o^2:ih:qgG3e[zzT!1Cie:OgHr=t+@'ayg1x0O]}^4J,W @z%uu?R)UxJW]wu[ifK=*iH3|UUo3x6k5VTZw4{0cp{|}_aKY6t{gzQu62H[_ xg endobj hTPn0[dt4NwE1%$8 :7{ae#W`[Wt :GZ; endobj 1294 0 obj Management Accounting: 0000006740 00000 n "EB % 1301 0 obj %PDF-1.5 % [emailprotected] An Agile system is smart system. endobj <>288 0 R]/P 1375 0 R/Pg 1374 0 R/S/Link>> 2021-01-25T15:10:43-08:00 Prentice Hall, 2005.

<>258 0 R]/P 1343 0 R/Pg 1334 0 R/S/Link>> "o3 ggPAn#=p&C=d Inventory Management Systems (contd) L.O. endobj endobj The Strategy and Tactics of Pricing: A Guide to Growing More Profitably, 4th ed. endobj endobj The most basic types of Management Accounting Systems are: Cost Accounting System Inventory Management System Job-Costing System Price-Optimization System Cost Accounting Systems L.O. <>254 0 R]/P 1339 0 R/Pg 1334 0 R/S/Link>> Price Optimising System L.O. 0000020906 00000 n <>268 0 R]/P 1356 0 R/Pg 1334 0 R/S/Link>> An inventory management system combines the use of desktop software, barcode scanners, barcode printers, and mobile devices to streamline the management of inventory (e.g. endobj Level 4: Unit 5 Learning Outcome 1: Level 4: Unit 5 Upon completion of this Learning Outcome, students should: Demonstrate an understanding of Management accounting systems To realize the above objective the student should be able to: P.1 Explain management accounting and give the essential requirements of different types of management accounting systems. xref 1307 0 obj endstream 6 0 obj <>136 0 R]/P 1388 0 R/Pg 1385 0 R/S/Link>> 1285 0 obj

endobj ]wb, A^$% \ endobj 1289 0 obj 0000003709 00000 n <> ]m_yx@[wdK;Ctz8-06T q=t$/ :3{`NOo.vD}kVZ){OmVlm+=hC%fS"nhzI>AYmE],x } 32 0 obj 0 Lecturer: Matthew Smith-Barrett _hT7Nc"-&"Y@(q endobj 1306 0 obj <>274 0 R]/P 1362 0 R/Pg 1334 0 R/S/Link>> <>252 0 R]/P 1337 0 R/Pg 1334 0 R/S/Link>> Learn how we and our ad partner Google, collect and use data. <> endobj 1385 0 obj hVo6_qO5XoCQ'ul#E2(9E'=H~w#/lI9yS! %PDF-1.7 % <>256 0 R]/P 1341 0 R/Pg 1334 0 R/S/Link>> <>/Metadata 259 0 R/ViewerPreferences 260 0 R>> Nagle, Thomas T., and John Hogan. *%n^N~ko)StJnmYGfL[{QIZDH8$-Min$v Hk#4CoH7io#9FS=Ab.^lE$W*DJM"=9z7Ug%Tpj"96BpQ:41YufJP:j6+\fiBP9!61Gw)Q9JrVZ`)8W&'Fdq~S$vS~"d}^n, 2021-01-25T15:10:43-08:00 Promotional pricing, and 3. 0000002636 00000 n <> 35 0 obj <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.56 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> endobj How Does Management Accounting differ from Financial Accounting? 1297 0 obj 1: P1.2 Conclusion L.O. |^eIF=%tw H)mL@QR 3kkP.6*p'q*Q6D!W[]=Y,$THx5(F:EgcQI}u,Bw[ 1282 0 obj <>/MediaBox[0 0 612 792]/Parent 1412 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/StructParents 17/Tabs/S/Type/Page>> Some customers only allow certain costs to be charged to their jobs. Management Accounting Systems for Small Business's Competitive Advantage 2 0 obj endobj endobj <>262 0 R]/P 1348 0 R/Pg 1334 0 R/S/Link>> 0000009392 00000 n 2021-01-25T15:10:43-08:00 endobj Principles of Management Accounting Different types of Management Accounting Systems L.O. File size 620KB, IEC 61850 Data & Service Model and SCL Alidu Abubakari Researcher, KEPCO Research Institute (KEPRI) Power Transmission L, Experiment No. Level 4: Unit 5 497 0 obj <>/Filter/FlateDecode/ID[<0C10BE2411405C49A745F792C3D49302>]/Index[487 23]/Info 486 0 R/Length 66/Prev 494288/Root 488 0 R/Size 510/Type/XRef/W[1 2 1]>>stream 1: P1 Debitoor.com, Accounting terms explained in a simple way, What is Management Accounting, viewed 12 September 2016, https://debitoor.com/dictionary/management-accounting Atrill, P and McLaney, E 2009, Management Accounting for Decision Makers, 6th edn, Prentice Hall Financial Times, Pearson Education Cost Accounting Systems, Obaidullah Jan, ACA, CFA, Accounting Explained, http://accountingexplained.com/managerial/cost-systems/ Baker, Ronald J. 1: P1.2 How Inventory Control Works At its core, inventory control works by tracking two main functions of your stock room or warehouse receiving (incoming) and shipping (outgoing). endobj 487 0 obj <> endobj hV}L[U?n] bSPFa0,Ji W)g`ca60c{PP`e:"c P0K`3dh&1m?ms~xi@ =OxZ]Mql;m9;-r"eDWM}7A o$ 1P1~g 3#{815p,nC3dO^]Mh[Ch <> <><>260 0 R]/P 1346 0 R/Pg 1334 0 R/S/Link>> startxref Seam: Seam is the combination of stitc, Experiment No: 01 Experiment Name: Production of different type of stitches.  /~{UlCu/{-G{iq3oVPASevvx ~[qi;,ycq+v`stD[:jiQ{"=dqUC{C0|Kz&Onzo+!CyN1gVEWB\&SrF]fNd: uLmhO?x <>144 0 R]/P 1392 0 R/Pg 1385 0 R/S/Link>> Apply a range of management accounting techniques Explain the use of planning tools used in management accounting Compare ways in which organizations could use management accounting to respond to financial problems. 1312 0 obj <>236 0 R]/P 1320 0 R/Pg 1315 0 R/S/Link>> h{ xT{$aH 3a $! What is an Inventory Management System? endobj i#"[Ln!6gMi h_[rXi *C: fTDU=He 4 0 obj <>stream 0000000716 00000 n endobj endobj 1281 0 obj 1295 0 obj 482 21 <>stream 1283 0 obj Inventory Management Systems L.O. _6AMPEEj@UNR&(T ]tywOnkc7'S;*@G,RN(=*fS iN{(G?b@fi,, Management Accounting Systems for Small Business's Competitive Advantage. 1: P1.2 There are two main cost accounting systems: Job Order Costing Process Costing In a cost accounting system, cost allocation is carried out based on either traditional costing system or activity-based costing system. endobj %%EOF <>250 0 R]/P 1335 0 R/Pg 1334 0 R/S/Link>> <> Markdown (or discount) pricing L.O. 1309 0 obj ; `1HH@>W.PO- TUG [-Ue1^YjM/gu jaZtC> 1&fL`>t)vP>2kN !+,2`RW[_ xZ6}7HsDE s;Nvi_b"uE322)UbowQCI$f!JP|`"f!LF835s|Hy$3)/h8Oo_;95) _][.}";Oq &cM66w|zX#~@2aYE0-=do=d1xu6^]T\bY.-/q2XVYzeJ-yt;CjCEwu8i:>=3:S[{Dn! endobj endobj <>248 0 R]/P 1332 0 R/Pg 1315 0 R/S/Link>> <>

Y CF8f@5U2=haZ-%0n& t3=K300328X\100d8nj\\'3X0deuA0(a>FA RA/k!|F % trailer endobj endobj By efficiently tracking quantities across stocking locations youll have insight and be able to make smarter inventory decisions.

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<>244 0 R]/P 1328 0 R/Pg 1315 0 R/S/Link>> <> <> 1: P1.2 A job costing system needs to accumulate the following three types of information: Direct Materials Direct Labour Overhead costs In practice, a job costing system may have to be tailored to the requirements of the customer. <><>266 0 R]/P 1354 0 R/Pg 1334 0 R/S/Link>> endobj endobj Inventory can be viewed as either used up to do a job, inputs in a production process or products sold to customers. goods, consumables, supplies, stock, etc.). Cost Accounting Systems (contd) L.O. _A}EDP7+OADoim G)dAxM}N6.g#Kdl(avzzqQ^,bqvus9+/p1My)|^|%8x |_e8B8QJ,fp:n,%8 xy'$SG^e4gc]$Iy4YL XI&'RV,c{1F@e>}=V \Vn(gMgK~Ebg [TT C,:=lSn%H`28y"iA;~QlFnd1o0IFbXb`V&vvC8T bg28P)^kZ`i8JuZJUmlTo3{u)\hwSuDDT`(x?}w_ e[LSl"C|5JSa0V?(>[|[c=PAGY 5 rJmUCcQbxF? Downloads 92 1299 0 obj 1292 0 obj 1392 0 obj <>240 0 R]/P 1324 0 R/Pg 1315 0 R/S/Link>> 509 0 obj <>stream 1411 0 obj <><>294 0 R]/P 1383 0 R/Pg 1374 0 R/S/Link>> Address: Copyright 2022 PDFCOFFEE.COM. <>282 0 R]/P 1370 0 R/Pg 1334 0 R/S/Link>> endobj 0 1288 0 obj P.2 Explain different methods used for management accounting reporting. Reference List L.O. <> John Wiley & Sons, 2006. 1: P1.2 Price Optimization Systems are mathematical programs that calculate how demand varies at different price levels, then combine that data with information on costs and inventory levels to recommend prices that will improve profits. %PDF-1.7 1\ ?q -:oa;,1OOEl~Zst)[t,WqjX?Hc5 pE,1[psrWn^'xgG6?^|wf5kopQ^f_7l>c9'sM'P\nxKy4sU{-+7jNQAk:{5sfPM. uuid:70e01997-b065-11b2-0a00-b039c6010000 Ronald F. Clayton endobj endobj endobj <>stream <> Job Costing System (Contd) L.O. 0000016620 00000 n 1284 0 obj 38 0 obj All rights reserved. <>238 0 R]/P 1322 0 R/Pg 1315 0 R/S/Link>> As the system is hoped to provide management with the most accurate and reliable information, Managers have to ensure that the right system for their business model is selected for implementation. Appligent AppendPDF Pro 6.3 <>/Metadata 2 0 R/Outlines 5 0 R/Pages 3 0 R/StructTreeRoot 6 0 R/Type/Catalog/ViewerPreferences<>>> <]/Prev 583475>> Who are the primary users of Management Accounting information? <>270 0 R]/P 1358 0 R/Pg 1334 0 R/S/Link>> t+. 1: P1.2 The right Management Accounting system is just as important as selecting the right manager for any company. 502 0 obj 1298 0 obj 1 0 obj endobj 1286 0 obj endstream endobj startxref 1: P1.2 A Price Optimization System should factor in three critical pricing elements: 1. 0000004087 00000 n 29 0 obj a1XVmY61zix#E3Lc o%ZCcqiQVwOnsih+n >Knjvd-8U`!V1o% hb```f``2 l@90 f`u!\xbj`k}AF'os'u`Q'M4(4(*p3023rv 3#I?:6r1AGLVz`3A=+GXwA-LRL@|ay={Cb?x[8~62e1d\q 2>X;Hwb;xY2-RRC#!wYhXhhhxXX*Xi 0J>1Y [\4D endobj <> endobj <>246 0 R]/P 1330 0 R/Pg 1315 0 R/S/Link>> 1302 0 obj 2 0 obj !dBA h*H(Xb ATa hkuVK{Uac=g 1"B4ltfv1S.P3ik3L,M.

1311 0 obj 1296 0 obj 1: P1.2 What is Management Accounting? 1300 0 obj 0000017380 00000 n 1279 0 obj 0000003504 00000 n Initial pricing, 2. <>272 0 R]/P 1360 0 R/Pg 1334 0 R/S/Link>> sR:_9ULwE5)*?4o#3s_M%7uYr#~nx{3_2#!~:fKt?|_nb _\YV5:(#HtG+&+_|!y=y?VNNsK!C{ ItEhl*kr_lJ")&QaD1, >cDpG8Ox(} C"d,|Bo^ImI,m0QmP+5UHT3f~u?i^+ &N aFCzD1tsKa QjImu:ADzz0vs;JYfkU{y,iqi\ t'-Z!L5GTYZ^z2fJry\FF"Q2Uix}Nk2+V)+EuQV%'}K[|niSi:AyggBzu?rWdh!$$A9'h qX>E^-}LtocZA[XM3sg|@3:b&QP V The value of the product to both buyer and seller, and 3. Our partners will collect data and use cookies for ad personalization and measurement. 1303 0 obj ^Ef%4c^eZx&2$ o&u\ Qu endobj Renato (Denver) Alcazar application/pdf 1: P1.2 Popular functions of an Inventory Management System: Create Purchase Orders Receive, relocate, adjust and dispose of inventory Create sales orders Pick, Pak and ship Physical inventory counts and cycle counts Create, run, schedule and share reports Print barcode labels Inventory Management Systems (contd) Benefits of an Inventory Management System: Improves a companys bottom line Improves inventory accuracy Improve Company Workflow L.O. endobj <>242 0 R]/P 1326 0 R/Pg 1315 0 R/S/Link>> 1287 0 obj uuid:70e01998-b065-11b2-0a00-e0aa8310fc7f endobj 1: P1.2 What is a Job Costing System? <>284 0 R]/P 1372 0 R/Pg 1334 0 R/S/Link>> <>280 0 R]/P 1368 0 R/Pg 1334 0 R/S/Link>> endobj 0000002711 00000 n <>234 0 R]/P 1318 0 R/Pg 1315 0 R/S/Link>> endobj 37 0 obj What is a Management Accounting System? 3 0 obj