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Itemise and evaluate the criticism of traditional cost of accounting system?
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∙ 11y ago
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What are the methods for accounting inflation?
Discuss the various methods of inflation accounting.
What are the new approaches used in cost accounting?
cost of production report lifo method fifo method
What is cost absorption in cost accounting and work examples?
A managerial accounting cost method of expensing all costs associated with Manufacturing a particular product
Is it true that stock investments account is debited at acquisition under both the equity method and cost method of accounting for investments in common stock?
the stock investments account is debited at acquisition under both the equity method and cost method of accounting for investments in common stock
Critically examine the relevance of cost and management accounting information in the current global melt down situation?
relevance of cost & management accounting in the current global economic melt down situation.
How is cost accounting impact in financial accounting?
Cost accounting mainly becomes a decision making issue. However, it does impact financial accounting with regards to the inventory account on the balance sheet statement and cost of goods sold on the income statement. It is used in manufacturing firms in order to cost there inventory which is not as easy as a retail firm that really justs costs products at the purchase price. While your countries accounting board regulates the method (generally absorption costing) there is significant debate in accounting theory as to which method (variable or absorption) is a better costing method.
What choices reflects the current number of cost accounting standards?
19
What has the author R J Chambers written?
R. J. Chambers has written: 'Varieties and uses of financial information' 'Accounting theory and research' -- subject(s): Accounting, Research 'The resolution of some paradoxes in accounting' -- subject(s): Accounting 'Continuously contemporary accounting' -- subject(s): Current value accounting 'Accounting, evaluation and economic behaviour' 'Current cost accounting' -- subject(s): Accounting, Cost accounting, Great Britain, Great Britain. Inflation Accounting Committee
The definition of push down accounting?
A method of accounting wherein the financial report of the subsidiary reflects the parents cost incurred in acquiring the sub.
What doese FCA mean?
FCA can be Full Cost Accounting, which is a method of accounting or False Claims Act (US federal law).
Definition of computerised accounting?
computerized accounting is method of accounting using modern accounting technology .it will reduce the problems in manual accounting and help to save time cost ,prepare accurate accounts and also help to easy communication of accounts.
Replacement cost method in accounting pros and cons?
The replacement cost of accounting factors in the cost of getting new human and capital resources and the training costs associated. Companies usually undertake a lot of costs in replacing employees.
