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Understanding Cost Management and Finance Procedures

Learn the principles and documentation processes for correct authorization, analysis, and recording of material costs, labor, and expenses in business management. Perfect for CIMA and ACCA students or professionals in the finance field.

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Understanding Cost Management and Finance Procedures

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  1. Managing Cost and Finance MA2 Ibrahim Hameem (CIMA exam complete, ACCA professional level student, Diploma in Economics (distinction) , Third year undergraduate reading for BSc. Mathematics and Economics (university of London)

  2. ACCA - Managing Cost and Finance The procedures and documentation to ensure the correct authorization, analysis and recording of direct and indirect material costs

  3. ACCA - Managing Cost and Finance Question 1 When goods are received, what is the name to the document that is raised (created)at that stage. Delivery note Purchase requisition Goods received note Purchase invoice

  4. ACCA - Managing Cost and Finance The procedures and documentation needed to ensure the correct authorization, coding, analysis and recording of direct and indirect labor and expenses.

  5. ACCA - Managing Cost and Finance Question 2 In a factory making chairs, there are four types of material: Wood Glue Polish Fabric for covering the chair Which would be classified as direct and indirect material? Direct: 1 and 2; indirect 3 and 4 Direct: 1 and 4; indirect 2 and 3 Direct: 2 and 3; indirect 1 and 4 Direct: 1 and 3; indirect 2 and 4

  6. ACCA - Managing Cost and Finance Labor

  7. ACCA - Managing Cost and Finance Labor

  8. ACCA - Managing Cost and Finance Recording sales transactions

  9. ACCA - Managing Cost and Finance Bad debts

  10. ACCA - Managing Cost and Finance Recording sales

  11. ACCA - Managing Cost and Finance Question 3 In a factory there are four types of job: Machine operators Supervisors Maintenance engineers Quality control checkers Which would be classified as direct and indirect labour? Direct: 1 and 2; indirect 3 and 4 Direct: 2 and 3; indirect 1 and 4 Direct: 1 and 3; indirect 2 and 4 Direct: 1 and 4; indirect 2 and 3

  12. Managing Cost and Finance MA2 Ibrahim Hameem (CIMA exam complete, ACCA professional level student, Diploma in Economics (distinction) , Third year undergraduate reading for BSc. Mathematics and Economics (university of London)

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