{"product_id":"management-accounting-3rd-edition-revised","title":"Management Accounting: 3rd Edition Revised","description":"\u003cp\u003e\u003cem\u003eManagement Accounting: 3rd Edition Revised\u003c\/em\u003e is print only. This revised edition of Management Accounting is an invaluable resource for students of Certificate IV Financial Services (Accounting), Diploma of Accounting and Advanced Diploma of Accounting in the \u003cstrong\u003eFNS10\u003c\/strong\u003e Financial Services Training Package. Featuring a new user-friendly layout and writing style with updated revision exercises, this text is ideal for VET-level management accounting students.\u003c\/p\u003e\n\n\u003chr\u003e\n\u003ch2\u003eScope\u003c\/h2\u003e\n\n\u003cp\u003eThe book is mapped to the relevant core and elective competencies of the \u003cstrong\u003eFNS10\u003c\/strong\u003e Financial Services Training Package and covers:\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003e\n\u003cstrong\u003eFNSACCT402B\u003c\/strong\u003e: Produce job costing information core unit for Certificate IV Financial Services (Accounting)\u003c\/li\u003e\n\t\u003cli\u003e\n\u003cstrong\u003eFNSACCT507B\u003c\/strong\u003e: Provide management accounting information core unit for Diploma of Accounting\u003c\/li\u003e\n\t\u003cli\u003e\n\u003cstrong\u003eFNSACCT613B\u003c\/strong\u003e: Prepare and analyse management accounting information elective unit for Advanced Diploma of Accounting\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003ca class=\"btn btn-info\" href=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0786\/7786\/8817\/files\/Neish_Banks_Management_Accounting_Competency_Grid.pdf?v=1781101401\" target=\"_blank\"\u003eView Competency Grid \u003c\/a\u003e\u003c\/p\u003e\n\n\u003chr\u003e\n\u003ch2\u003eContent\u003c\/h2\u003e\n\n\u003cp\u003e1: Introduction to Management Accounting\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eThe role of management accounting\u003c\/li\u003e\n\t\u003cli\u003eProduct and service costing\u003c\/li\u003e\n\t\u003cli\u003eCost classifications\u003c\/li\u003e\n\t\u003cli\u003eCost versus expense\u003c\/li\u003e\n\t\u003cli\u003eInventories\u003c\/li\u003e\n\t\u003cli\u003eCost, selling price, margins and pricing policy\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e2: Manufacturing Statements\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eStructure of the manufacturing statement\u003c\/li\u003e\n\t\u003cli\u003eFactory and non-factory expenses\u003c\/li\u003e\n\t\u003cli\u003ePreparation of the manufacturing statement\u003c\/li\u003e\n\t\u003cli\u003eAnalysis of manufacturing statements\u003c\/li\u003e\n\t\u003cli\u003eTransfer of cost of production\u003c\/li\u003e\n\t\u003cli\u003eAccounting entries\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e3: Cost Flows\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eThe manufacturing process\u003c\/li\u003e\n\t\u003cli\u003eFlow of materials and costs\u003c\/li\u003e\n\t\u003cli\u003ePerpetual inventory system\u003c\/li\u003e\n\t\u003cli\u003eThe effect of the GST\u003c\/li\u003e\n\t\u003cli\u003eSeparate cost ledger\u003c\/li\u003e\n\t\u003cli\u003eAlternative factory overhead recording\u003c\/li\u003e\n\t\u003cli\u003eCost flows in non-manufacturing firms\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e4: Materials—Control and Accounting\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003ePurchasing and storage procedures\u003c\/li\u003e\n\t\u003cli\u003eIssuing procedures\u003c\/li\u003e\n\t\u003cli\u003eCosting materials into store\u003c\/li\u003e\n\t\u003cli\u003eCosting materials out to production\u003c\/li\u003e\n\t\u003cli\u003ePhysical stocktake\u003c\/li\u003e\n\t\u003cli\u003ePeriodic stock valuation\u003c\/li\u003e\n\t\u003cli\u003eAccounting standards\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e5: Labour — Control and Accounting\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eDefinition of some payroll terms\u003c\/li\u003e\n\t\u003cli\u003ePayroll\u003c\/li\u003e\n\t\u003cli\u003eDirect and indirect labour analysis\u003c\/li\u003e\n\t\u003cli\u003eLabour-related costs\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e6: Factory Overhead — Control and Accounting\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eFactory overhead accounting\u003c\/li\u003e\n\t\u003cli\u003eCost drivers\u003c\/li\u003e\n\t\u003cli\u003eFixed and variable costs\u003c\/li\u003e\n\t\u003cli\u003eFactory overhead recovery rates\u003c\/li\u003e\n\t\u003cli\u003eFlexible budgeting\u003c\/li\u003e\n\t\u003cli\u003eBudgeting semi-variable costs\u003c\/li\u003e\n\t\u003cli\u003eDepartmental factory overhead\u003c\/li\u003e\n\t\u003cli\u003eReciprocal services\u003c\/li\u003e\n\t\u003cli\u003eImproved product costing\u003c\/li\u003e\n\t\u003cli\u003eActivity-based costing\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e7: Job Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eJob cost system\u003c\/li\u003e\n\t\u003cli\u003eJob cost records\u003c\/li\u003e\n\t\u003cli\u003eJob cost accounting records—Manufacturers\u003c\/li\u003e\n\t\u003cli\u003eJob costing with a separate cost ledger\u003c\/li\u003e\n\t\u003cli\u003eUnder-applied or over-applied factory overhead\u003c\/li\u003e\n\t\u003cli\u003eJob costing in service industries\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e8: Responsibility Accounting\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eOrganisation structure\u003c\/li\u003e\n\t\u003cli\u003eResponsibility accounting\u003c\/li\u003e\n\t\u003cli\u003eResponsibility centres\u003c\/li\u003e\n\t\u003cli\u003eBudget preparation\u003c\/li\u003e\n\t\u003cli\u003ePerformance reports\u003c\/li\u003e\n\t\u003cli\u003eCost allocation\u003c\/li\u003e\n\t\u003cli\u003eOverhead analysis\u003c\/li\u003e\n\t\u003cli\u003eResponsibility accounting and blame\u003c\/li\u003e\n\t\u003cli\u003eControllability\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e9: Cost–Volume–Profit Analysis\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003ePresentation of statement of comprehensive income for CVP analysis\u003c\/li\u003e\n\t\u003cli\u003eThe break-even equation\u003c\/li\u003e\n\t\u003cli\u003eContribution margin method\u003c\/li\u003e\n\t\u003cli\u003eContribution margin ratio method\u003c\/li\u003e\n\t\u003cli\u003eTarget net profit\u003c\/li\u003e\n\t\u003cli\u003eEffects of income tax\u003c\/li\u003e\n\t\u003cli\u003eMargin of safety\u003c\/li\u003e\n\t\u003cli\u003eAnalysis using graphs\u003c\/li\u003e\n\t\u003cli\u003eEvaluating changes\u003c\/li\u003e\n\t\u003cli\u003eSales mix and CVP analysis\u003c\/li\u003e\n\t\u003cli\u003eCVP analysis for different industries\u003c\/li\u003e\n\t\u003cli\u003eAssumptions and limitations of CVP analysis\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e10: Direct Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eInventory valuation\u003c\/li\u003e\n\t\u003cli\u003eStatements of comprehensive income with actual factory overhead\u003c\/li\u003e\n\t\u003cli\u003eReconciliation of reported profits — Absorption and direct costing\u003c\/li\u003e\n\t\u003cli\u003eReporting variable marketing and administrative expense — Direct costing\u003c\/li\u003e\n\t\u003cli\u003eStatements of comprehensive income with applied factory overhead\u003c\/li\u003e\n\t\u003cli\u003eAustralian Accounting Standard AASB 102 Inventories\u003c\/li\u003e\n\t\u003cli\u003eAustralian Taxation Office requirements\u003c\/li\u003e\n\t\u003cli\u003eAdvantages and disadvantages of direct costing\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e11: Activity-Based Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eActivity-based costing\u003c\/li\u003e\n\t\u003cli\u003eActivity levels\u003c\/li\u003e\n\t\u003cli\u003eThree approaches to ABC Cost drivers\u003c\/li\u003e\n\t\u003cli\u003eDesigning an ABC system\u003c\/li\u003e\n\t\u003cli\u003eABC application rates\u003c\/li\u003e\n\t\u003cli\u003eTotal manufacturing costs\u003c\/li\u003e\n\t\u003cli\u003eAccounting entries\u003c\/li\u003e\n\t\u003cli\u003eFull product costs\u003c\/li\u003e\n\t\u003cli\u003eABC and job costing\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e12: Process Costing Fundamentals\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eCost flows\u003c\/li\u003e\n\t\u003cli\u003eComparison with job costing\u003c\/li\u003e\n\t\u003cli\u003eFlow of units through a process\u003c\/li\u003e\n\t\u003cli\u003eProcess costing concepts\u003c\/li\u003e\n\t\u003cli\u003eCost of production report\u003c\/li\u003e\n\t\u003cli\u003eAccounting entries\u003c\/li\u003e\n\t\u003cli\u003eBeginning work in process\u003c\/li\u003e\n\t\u003cli\u003eWeighted average method\u003c\/li\u003e\n\t\u003cli\u003eFirst-in-first-out (FIFO) method\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e13: Advanced Process Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eCost flows — More than one department\u003c\/li\u003e\n\t\u003cli\u003eCost of production reports — More than one process\u003c\/li\u003e\n\t\u003cli\u003eAccounting entries\u003c\/li\u003e\n\t\u003cli\u003eProcess costing and lost or spoiled units\u003c\/li\u003e\n\t\u003cli\u003eProcess costing — More than one department and spoilage\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e14: Operation Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eIllustrative example\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e15: Joint and By-product Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eWhy allocate joint costs?\u003c\/li\u003e\n\t\u003cli\u003eAllocating joint costs\u003c\/li\u003e\n\t\u003cli\u003eAccounting for joint costs\u003c\/li\u003e\n\t\u003cli\u003eDecision: Sell at split-off or process further\u003c\/li\u003e\n\t\u003cli\u003eBy-products\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e16: Standard Costing\u003c\/p\u003e\n\n\u003cul\u003e\n\t\u003cli\u003eSetting a standard manufacturing cost\u003c\/li\u003e\n\t\u003cli\u003eDifferent types of standards\u003c\/li\u003e\n\t\u003cli\u003eFlexible budgeting\u003c\/li\u003e\n\t\u003cli\u003eVariance analysis\u003c\/li\u003e\n\t\u003cli\u003eCauses of and responsibilities for variances\u003c\/li\u003e\n\t\u003cli\u003eJournal entries for a standard cost system\u003c\/li\u003e\n\t\u003cli\u003eEffect of work in process\u003c\/li\u003e\n\t\u003cli\u003eDisposition of variances\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"McGraw-Hill Education","offers":[{"title":"Default Title","offer_id":53558699327761,"sku":"9780070278448","price":104.95,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0786\/7786\/8817\/files\/9780070278448.jpg?v=1778749118","url":"https:\/\/www.teachersuperstore.com.au\/products\/management-accounting-3rd-edition-revised","provider":"Teacher Superstore","version":"1.0","type":"link"}