Accounting Instruction

Essay Question 5 - Responsibility Accounting
Managerial Accounting
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Essay Question 6 - Responsibility Accounting
Managerial Accounting
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Essay Question 4 - Responsibility Accounting
Managerial Accounting
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Comp Expense Allocation to Department
Responsibility Accounting - Managerial Accounting

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Essay Question 2 - Responsibility Accounting
Managerial Accounting
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Return on Investment (ROI)
Managerial Accounting
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Essay Question 1 - Responsibility Accounting
Managerial Accounting
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Multiple Choice Question 10 - Responsibility Accounting
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Responsibility Accounting
Managerial Accounting

Multiple Choice Question 8 - Responsibility Accounting
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Responsibility Accounting
Managerial Accounting

Multiple Choice Question 11 - Responsibility Accounting
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Responsibility Accounting
Managerial Accounting

Multiple Choice Question 9 - Responsibility Accounting
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Responsibility Accounting
Managerial Accounting

Departmental Contribution Statements
Managerial accounting
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Cost Allocations on a Sales Value Basis
Managerial accounting
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Forecasted Departmental Income Statement
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Managerial Accounting

Allocation of costs - Excel
Responsibility accounting. Managerial accounting
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Performance Report - Excel Problem
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Managerial Accounting - Responsibility Accounting

Playlist
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0:21 Decision Making Process
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13:28 Make or Buy Decision
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18:40 Scrap or Rework
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23:55 Sell or Process Further
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28:02 Product Mix Decision
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42:45 Department Operating at a loss Close or Not
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49:16 Equipment Keep Old or Purchase New
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56:54 Set Sales Price
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1:05:28 Special Project or Offer - Accept or Reject Decision
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Apply relevant cost methods to common managerial decisions.

Managers often need to make decisions that are not routine, not part of the normal day to day process, and that can have a long-term effect on the organization. Individuals often need to make similar decisions and can apply similar tools when making decisions of a large dollar amount that can affect multiple years.

Although the specifics of each decision differ, the concept of relevant costs helps us put together a process for gathering and analyzing data, picking up the information that matters, and removing all the excess data that does not matter to our decision. Understanding relevant costs will reduce the likelihood of making incorrect decisions based on a sunk cost effect or not taking into account opportunity costs.

We will analyze the decision-making process of buying a new piece of equipment or keeping an older piece of equipment, a question often relevant to individuals as well as businesses. The decision of whether to buy new equipment is subject to the sunk fallacy effect, and we will discuss why this is.

This video will investigate the managerial accounting question of a “special offer.” The “special offer” question often takes the form of a one time offer to purchase from us at a reduced price. It is often the case that a business will benefit from accepting a special offer and the concept of relevant costs will help us to see why. For example, a hotel may h..

Discussion Question 4 - Master Budget and Planning – Managerial Accounting
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Discussion Question 6 - Master Budget and Planning – Managerial Accounting
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Discussion Question 7 - Master Budget and Planning – Managerial Accounting
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Discussion Question 5 - Master Budget and Planning – Managerial Accounting
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Example - Departmental Income Statement Steps - Responsibility Accounting - Managerial Accounting
Summary Video
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Playlist
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We will go over an example of the creation of a departmental income statement to demonstrate the steps.

Investment Center Return On Investment (ROI)
Summary Video
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Playlist
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Forecasted Departmental Income Statement - Responsibility Accounting - Managerial Accounting
Summary Video
http://bit.ly/2WC3xqd
accountinginstruction.info
Playlist
http://bit.ly/2VGg0fF

We will look an an example of a forcasted departmental income statement that will include much the same steps as a departmental income statement.

Discussion Question 2 Cost Volume Profit Analysis (CVP)
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Created 11 months, 1 week ago.

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CategoryBusiness & Finance