Scribd Logo
Upload

Welcome to Scribd!

  • 134 views

    Soal Introduction To Cost Accounting

    Uploaded by

    Sugata S
    This document contains an assignment on cost accounting. It includes 5 essay questions covering topics such as the definition of cost accounting, the role of cost and benefits information, the differences between management accounting and financial accounting, and identifying the main role and purpose of various accounting activities and reports. The assignment requires analyzing accounting concepts and providing opinions on accounting topics.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Soal Introduction To Cost Accounting

    Uploaded by

    Sugata S
    134 views3 pages
    This document contains an assignment on cost accounting. It includes 5 essay questions covering topics such as the definition of cost accounting, the role of cost and benefits information, the differences between management accounting and financial accounting, and identifying the main role and purpose of various accounting activities and reports. The assignment requires analyzing accounting concepts and providing opinions on accounting topics.

    Original Title

    Soal Introduction to cost accounting

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains an assignment on cost accounting. It includes 5 essay questions covering topics such as the definition of cost accounting, the role of cost and benefits information, the differences between management accounting and financial accounting, and identifying the main role and purpose of various accounting activities and reports. The assignment requires analyzing accounting concepts and providing opinions on accounting topics.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    134 views3 pages

    Soal Introduction To Cost Accounting

    Uploaded by

    Sugata S
    This document contains an assignment on cost accounting. It includes 5 essay questions covering topics such as the definition of cost accounting, the role of cost and benefits information, the differences between management accounting and financial accounting, and identifying the main role and purpose of various accounting activities and reports. The assignment requires analyzing accounting concepts and providing opinions on accounting topics.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    TUGAS ASSIGNMENT

    COST ACCOUNTING LB90

    FRANS SUGATA HERMANTO


    ACCOUNTING / 2401955031

    1
    Chapter 1

    Introduction to Cost Accounting

    Essay Questions

    1. Explain definition of cost accounting and the role of cost accounting!


    Cost accounting is a type of form of managerial accounting that records, analyzes,
    and reports all of a company's costs related to the production of a product or the
    costs of acquiring and even using resources in an organization. The role of cost
    accounting is very important in understanding where is the company is spending.
    Cost accounting can show data about which products, departments, or services are
    most profitable in the company.
    2. What is your opinion about costs and benefits information?
    Cost and benefits information is a systematic analysis of the strengths and
    weaknesses to determine options that provide the best approach to achieving
    benefits while preserve savings of a company. There are advantages for a company
    with having information of cost and benefits, cost and benefits information allows
    an organization to evaluate a decision or potential project free of opinions or
    biases. This would make decision making in a company much more simplified and
    more logical.
    3. How does management accounting differ from financial accounting?
    Management accounting is a process of preparing reports about business
    operations that help managers make short-term and long-term decisions. It helps a
    business pursue its goals by identifying, measuring, analyzing, interpreting, and
    communicating information to managers. The role of the management accountant
    is to perform a series of tasks to ensure their company's financial security, handling
    essentially all financial matters and thus helping to drive the business's overall
    management and strategy. On the other hand, Financial accounting is a process of
    recording, summarizing, and reporting transactions from business operations over
    a period of time. They do have their own role, producing general purpose financial
    statements. producing information used by the management of a business entity
    for decision making, planning, and performance evaluation.
    2
    4. For each of the following activities, identify whether the main role of accounting is
    (1) problem solving, (2) scorekeeping, or (3) attention directing.

    Item:
    a. Analyzing the impact of introducing a new product on production
    Problem solving (1)
    b. Comparing results between actual costs and budgeted costs for each step of
    manufacturing a product
    Attention directing (3)
    c. Preparing a report that analyzes changes in cost resulting from reducing the
    number of tubing sizes used during production from six down to two
    Attention directing (3)
    d. Reporting sales by branch for the sales manager
    Scorekeeping (2)

    5. For each report listed below, identify whether the major purpose of the report is for
    (1) routine internal reporting, (2) nonroutine internal reporting, or for (3) external
    reporting to investors and other outside parties.

    Item:
    a. study detailing sale information of the top-ten selling products
    Nonroutine internal reporting (2)
    b. weekly report of total sales generated by each store in the metropolitan area
    Routine internal reporting (1)
    c. annual Report sent to shareholders
    External reporting to investors and others outside parties (3)
    d. monthly report comparing budgeted sales by store to actual sales
    Routine internal reporting (1)

    You might also like