FN11

Modern Concepts in Cost Accounting

(Activity Based Cost Accounting and Targeted Cost)

Objectives:

·        Define concepts related to costs.

·        Discuss and apply activity based cost accounting.

·        Discuss and apply targeted cost and pricing concepts

Contents:

1- Cost Concepts for Different Uses

·        Cost concept from the investors point of view

·        Cost concepts from the technical point of view

·        Cost concepts from management point of view

·        Concept concepts from a national view

2- Cash Flow Activation

·        Cash inflows

·        Cash outflows

3- Activity Based Cost Accounting

·        Definition of activity based cost accounting

·        Definition of an activity

·        Cost drivers

·        Cost collectors

4- Quality Cost

·        What is quality cost?

·        Cost of not fulfilling quality

·        Cost of fulfilling quality

·        Quality control standards