{"id":99,"date":"2012-10-09T15:27:57","date_gmt":"2012-10-09T22:27:57","guid":{"rendered":"https:\/\/blogs.ubc.ca\/benlee\/?p=99"},"modified":"2013-10-11T11:38:51","modified_gmt":"2013-10-11T18:38:51","slug":"class-10-management-accounting","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/benlee\/2012\/10\/09\/class-10-management-accounting\/","title":{"rendered":"Class #10 (Management Accounting)"},"content":{"rendered":"<ul>\n<li>Two areas of accounting: one for managers and one for investors<\/li>\n<\/ul>\n<div>\n<ul>\n<li>A salary is a flat payment, not dependent on time nor performance<\/li>\n<\/ul>\n<\/div>\n<ul>\n<li>Management accounting:<\/li>\n<li>Produce for MANAGEMENT<\/li>\n<li>Focus on the FUTURE (therefore, there may be uncertainties)<\/li>\n<li>Tabulation of REPORTS<\/li>\n<li>Comply with NO GENERAL ACCEPTANCE ACCOUNTING PRINCIPLES<\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"-webkit-user-select: none;\" src=\"http:\/\/www.12manage.com\/images\/picture_break_even_chart.gif\" alt=\"\" \/><\/p>\n<ul>\n<li>The slope of the line is the estimate of your variable cost<\/li>\n<li>The intercept is the estimate of the fixed cost<\/li>\n<li>Break-Even = Fixed Cost \/ Contribution<\/li>\n<li>Contribution = Selling Price &#8211; Variable Costs<\/li>\n<li>Adding target profit: (Fixed Costs + Target Profit) \/\u00a0Contribution<\/li>\n<\/ul>\n<ul>\n<li>Relevant Costing: a cost that changes between alternatives.<\/li>\n<li>Sunk costs are not relevant to decision making.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two areas of accounting: one for managers and one for investors A salary is a flat payment, not dependent on time nor performance Management accounting: Produce for MANAGEMENT Focus on the FUTURE (therefore, there may be uncertainties) Tabulation of REPORTS Comply with NO GENERAL ACCEPTANCE ACCOUNTING PRINCIPLES The slope of the line is the estimate [&hellip;]<\/p>\n","protected":false},"author":14683,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[326968],"tags":[819828],"class_list":["post-99","post","type-post","status-publish","format-standard","hentry","category-class-notes","tag-comm-101-104"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/posts\/99","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/users\/14683"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/comments?post=99"}],"version-history":[{"count":4,"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/posts\/99\/revisions"}],"predecessor-version":[{"id":182,"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/posts\/99\/revisions\/182"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/media?parent=99"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/categories?post=99"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/benlee\/wp-json\/wp\/v2\/tags?post=99"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}