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Social ScienceFundamental Managerial Accounting Concepts 8th Edition
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Fundamental Managerial Accounting Conce...8th EditionThomas P Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip R Olds Publisher: McGraw-Hill EducationISBN: 9781259569197
Fundamental Managerial Accounting Conce...
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addFinancial accounting: The process of recording, summarizing, and reporting all the financial...Fixed cost remains constant when volume of activity changes but per unit value will change inversely...Break-even point: The point where the total costs and the total revenue are equivalent is known as...A thing for which one is planning to identify the cost is termed as cost object. The main difference...Activity-based costing: ABC (activity-based costing) is a method used for recognizing and allocating...Relevant information: Relevant information is considered as information that can be functional to...Estimation of income and expenses of a company for a particular set of period is termed as budget....Flexible budgets are those which estimate the revenue and costs for different levels of activity...Decentralization: In a company where the authority and responsibility of operating decisions are...
Time value of money: Time value of money refers to the concept that the value of money available at...Comparing the accounting treatment of material and labor costs for manufacturing versus Service...The differences between job order costing system and process costing system is as follows: Basis of...The difference between vertical and horizontal analysis is as follows: Horizontal analysis: The...Statement of cash flows: Statement of cash flows reports all the cash transactions which are...
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7 Edition
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