AACT 130 POMA Intro

1.1 Financial accounting vs. cost accounting

1.2 Role of Mgmt Accountants

1.3 Business processes and Lean thinking model

1.4 Theory of Constraints

1.5 Six Sigma method

1.6 IMA's Ethics

2.1 Manufacturing Costs

2.2 Product vs Period Costs

2.3 Income stat. with calculation for COGS

2.4 Schedule of COGM

2.5 Variable vs. Fixed costs

2.6 Further cost classifications

3.1 Process costing vs Job order costing

3.2 Job order cost sheet

3.3 POHR

3.4 Cost flows

3.5 Journal Entries

3.6 MFG overhead applied to WIP

3.7 Over or Under app OH

2.Practice Two finished goods

3.Process vs. Job costing

4.Record cost flows

5.Weighted average eq.units

6.Cost per eq.unit WAM

7.Assign cost WAM

8.Eq. units FIFO

9.cost per eq. unit FIFO

10.Mixed costs

11.Variable Costs

12.True vs Stepped Variable

13.Fixed costs

14.Scattergraph plot Mixed Costs

15.Contribution Style Income Statement

16.CVP graphs

17.Contribution Margin

18.Practice- Sales Increase

19.Practice V.costs increase

20.What price to charge

21.Further Practice CV relationship

22.Practice Sales commission

23.Breakeven Analysis

24.MOS and Operating leverage

24.Practice Target profit

25.Absorption vs Variable

26.Income Statements absorption vs. variable costing

27. Profit reconciliation

28 releasing deferred inventory

29. Theoretical arguments