what is the cost accounting cycle?
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try this site\n\nhttp://www.futureaccountant.com/process-costing/
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Accounting is based on certain concepts and conventions..\n\nPrudence Concept or Concept of Conservatism\n\nThe concept of conservatism or the prudence concept asks you to be cautious...\n\nIt asks you to take into consideration all those expenses and losses of which you are aware and not to take into consideration incomes and gains unless they arise/accrue..\n\nValuing Closing Stock at cost or market price whichever is lesser.\nCreating a reserve for contingent losses like bad debts..\n\nare some examples of acts based on the prudence concept.\n\nTo generalise we can say that whenever there are alternative procedures or values, the accountant will choose the one that results in a lower profit, greater loss, a lower asset value and a higher liability value. \n\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/
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Accounting Rate of Return\nPayback Period\nNet Present Value\nInternal Rate of Return
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Dr. Discount (given)\nDr. Cash \nCr. Sale \n\nThis is the journal entry for recording the transaction... it gives the accounts affected..\n\nKnow the fundamental concepts of accounting here...\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/\n\nhttp://www.futureaccountant.com\nhttp://www.schoolingkids.com
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Fixed operations/expenses are non-variable.  Your building, your technology equipment, anything that cannot be picked up and moved.  Variable expenses are people, inventory - items that can be adjusted.
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Hmmm, sounds job specific. What context do you normally hear it in?\n\n\nProbably something to do with liabilities or expenditures...\n\ni.e. List of expendatures, Liabilities ans expenses, log of expendatures....something like that. I'm not sure though
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Broadly, accounting is defined as the systematic recording, reporting, and analysis of financial transactions of a business. \n\nThere are different types of accounting, namely: Financial Accounting, Tax Accounting, Cost Accounting and Managerial Accounting.\n\nFINANCIAL ACCOUNTING is defined as “measuring and recording business transactions and providing financial statements that are based on generally accepted accounting principles. It focuses on external reporting. \n\nFinancial statements (financial data) tell us (1) the financial position of an entity at a certain date and (2) the results of its operations (profit/loss) and the changes in its financial position and variations in stockholder's equity (investment) in a period of time. (Historical information/past events).\n\nFinancial accounting aims at satisfying the interest of the "general user" which may include: shareholders, government agencies, creditors, and the general public.\n\nMANAGERIAL ACCOUNTING. Measures and reports financial and non-financial information that helps MANAGERS make decisions to fulfill the goals of an organization. It focuses on internal reporting. \n\nCOST ACCOUNTING is an information system that classifies, accumulates, controls and assigns costs to determine costs of activities, processess or products, facilitating decision making and managerial planning and control.\n\nCost accounting plays a role in both managerial and financial accounting. Some authors describe Cost Accounting as a unifying point between Managerial and Financial Accounting.\n\nTAX ACCOUNTING is used to communicate information to the appropriate taxing authorities. Generally, the Internal Revenue Service and state tax or revenue boards. It includes the procedures for determining taxes payable and compliance with other provisions of tax laws.\n\nHope this helps...
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I'll address cost control first.  It's the necessary means to reduce/manage the money being attributed to unneeded out flow of money.\nInventory management is a tool that is able to accurately analyze and address cost control concerns.  Such as:\n1. do you have too much of an item?\n2. do you have too little of an item?\n3. how much of an item do you actually need to have to keep sales/production at a high level of return on investment?\n\nThere are some things that one cannot control but so much, such as basic opperating costs.\nInventory management helps out to faciliate better control of what you are more able to change at a moments notice.\n\nHope this helps.
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It is a summary of all income gained and expenses incurred by a business. The income less the expenses equals profit. If the expenses are higher than the income, it equals a loss.
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The answer is a)production possibilities fontier, beacause opp. cost of an activity refers to  the next best alternative that means other possibilities....theres ur answer!!
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pick up an into to accounting textbook or visit http://www.investopedia.com
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To know about one of the options accounting..\n\n\nhttp://www.futureaccountant.com/
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YES. From the IRS website:\n\nThe following are types of expenses that go into figuring the cost of goods sold.\n\n- The cost of product or raw materials, including the cost of having them shipped to you. \n- The cost of storing the products you sell. \n- Direct labor costs (including contributions to pensions or annuity plans) for workers who produce the products. \nFactory overhead expenses.
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capitalizing costs means adding to the price paid for the asset-all related expenses like erection costs etc.once a cost is capitalized,it gets added to the asset cost and gets depreciated annually till the asset is fully written off.this way such costs do not figure in the profit&loss ac as usual costs for charge but enter p&l ac as depreciation.
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The project cost is fixed capital plus an working capital cycle.The working capital cycle may be the operating cost required for an year/period.In project financing, the scale of finance is determined as the capitalised cost which include fixed assets plus the working capital required for an year or a stipulated period or whichever is appropriate
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Sounds like a homework question.\n\nBy the matching principal, you recognize expenses in the same period as the revenues that they generated.  In this case, it is depreciation expense.
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try this site\n\nhttp://www.futureaccountant.com/process-costing/study-notes/