cost and management accounting by colin dury

COST AND MANAGEMENT ACCOUNTING

by COLIN DRURY

ASSIGNMENTS

1.MANAGEMENT CONTROL SYSTEMS

LEARNING OBJECTIVES

· Describe the three different types of controls used in organizations

· describe a cybernetic control system

· Distinguish between feedback and feed-forward controls

· explain the potential harmful side-effects of results controls

· Defins the four different types of responsibility centres

· Explain the different elements of management accounting control systems

· describe the controllability principle and the methods of implementing it

· describe the different approaches that can be used to determine financial performance targets and discuss the impact of their level of difficulty on motivation and performance

· Describe the influence of participation in the budgeting process

· Distinguish between the three different styles of evaluating performance and identify the circumstances when a particular style is most appropriate

2.THE BUDGETING PROCESS and DIFFERENT KINDS OF BUDGETS

LEARNING OBJECTIVES

· Explain how budgeting fits into the overall planning and control framework

· Identify and describe the six different purposes of budgeting

· Identify and describe the various staes in the budget process

· prapare functional and master budgets

· Describe the use of computer based financial models for budgeting

· Describe the limitations of incremental budgeting

· Describe activity based budgeting

· Describe budgeting and planning, programming budgeting systems(PPBS) in non-profit organizations

· Describe Zero-base budgeting(ZBB)

3.COMPARE PROS AND CONS OF THE TWO COSTING SYSTEMS (The Absorption Costing(Full Costing) and Variable Costing systems)

TOPIC: Income effects of alternative cost accumulation systems

LEARNING OBJECTIVES

· Explain the differences between an absorption costing and a variable costing system

· Prepare profit statements based on a variable costing and absorption costing system

· Explain the difference in profits between variable and absorption costing profit calculations

· Explain the arguments for and against variable and absorption costing

· Describe the various denominator levels that can be used with an absorption on costing system

· Explain why the choice of an appropriate denominator level is important

The lecture Materials are given through this book : www.gbv.de

Also you can find some references for calculations through www.gcaofficial.org