CHAPTER 2 An Introduction to Cost Terms and Purposes Basic Cost Terminology Cost ± sacrificed resource to achieve a specific objective Actual Cost ± a cost that has occurred…

Part –II Management Accounting MANAGEMENT ACCOUNTING • Management Accounting is the process within an organization that provides information used by managers in planning,…

1. An Introduction to Cost Terms and Purposes © 2009 Pearson Prentice Hall. All rights reserved. 2. Basic Cost Terminology Cost – sacrificed resource to achieve a specific…

Course Titel:-Cost Accounting P. by Fekadu Gafassu (Cost Accounting) CHAPTER ONE over view of cost accounting Cost:- is the resource used up / given up /or consumed for the…

Chapter 2 CHAPTER 2 An Introduction to Cost Terms and Purposes © 2009 Pearson Prentice Hall. All rights reserved. © 2009 Pearson Prentice Hall. All rights reserved.…

Slide 1 Cost Analysis SPREADSHEET Ruth Book State Office Programs Team February 28, 2005 Slide 2 Cost Analysis SPREADSHEET Cost Sharing Policy Collect average cost data Update…

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Slide 1 An Introduction to Cost Terms and Purposes © 2009 Pearson Prentice Hall. All rights reserved. Slide 2 Basic Cost Terminology Cost – sacrificed resource to achieve…

An Introduction to Cost Terms and Purposes © 2009 Pearson Prentice Hall. All rights reserved. © 2009 Pearson Prentice Hall. All rights reserved. Basic Cost Terminology…

An Introduction to Cost Terms and Purposes Chapter 2 Learning Objectives Define and illustrate a cost object Distinguish between direct costs and indirect costs Explain cost…