Unit 14: Management Costing (Incomplete 14-13)

Front 1

List and describe the 5 components of Management Accounting

Back 1

- Cost element accounting. Classifies costs and revenues.
- Overhead cost controlling. Includes costs that cannot be directly assigned to a product or service. Includes activity-based costing (ABC)
- Product cost accounting. Evaluates cost of goods and value-adding processes.
- Profitability analysis. Examines effect of the external market.
- Profit center accounting. Analyzes the success of profit centers.

Front 2

_____ is a primary source of data for management accounting.

Back 2

Financial accounting

Front 3

_____ is a primary source of data for profitability analysis and profit center accounting.

Back 3

Sales order management

Front 4

_____ created in Management Accounting can update price fields in material master records.

Back 4

Product cost estimates

Front 5

_____ and _____, created in Manufacturing, can be used in Product Cost Accounting

Back 5

- BOMs
- routings