Remove Cost Accounting Remove Financial Analysis Remove Financial Statements
article thumbnail

Cost accounting definition

Accounting Tools

Related Courses Cost Accounting Fundamentals Financial Analysis What is Cost Accounting? Cost accounting examines the cost structure of a business. None of these tools are used by financial accountants, who are more concerned with the production of financial statements.

article thumbnail

Cost concepts in decision making

Accounting Tools

Related AccountingTools Courses Cost Accounting Fundamentals Effective Decision-Making Financial Analysis Allocated Costs Overhead costs are allocated to manufactured goods only because it is required by the accounting standards (for the production of financial statements ).

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Relevant cost definition

Accounting Tools

This concept is only applicable to management accounting activities; it is is not used in financial accounting , since no spending decisions are involved in the preparation of financial statements.

article thumbnail

Accounting department definition

Accounting Tools

It is responsible for billings, payroll , cost accounting , the production of financial statements , paying suppliers , and similar activities. The department is usually managed by a controller , who in turn reports to the chief financial officer.

article thumbnail

Top Remote Accounting Candidates for Hire | August 15, 2024

accountingfly

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164769 Certifications: EA in process Education: BS BA, MBA, MS Accountancy Experience (years): 5+ years accounting experience Work experience (detail): Senior Accountant/Controller at an accounting firm Writing and implementing client SOPs Client-facing financial reviews Leads 5 staff accountants (..)

CPA 52
article thumbnail

Semi-variable cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals Financial Analysis What is a Semi-Variable Cost? A semi-variable cost is a cost that contains both fixed cost and variable cost elements.

article thumbnail

Weighted average contribution margin definition

Accounting Tools

Related Courses Cost Accounting Guidebook Financial Analysis The Interpretation of Financial Statements What is the Weighted Average Contribution Margin? The concept is a key element of breakeven analysis , which is used to project profit levels for various amounts of sales.