Cost accounting terms and definitions
[DOC File]ACCOUNTING TERMS AND DEFINITIONS
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Product design is concerned with designing a product that meets customer requirements in terms of quality, durability, and functionality while also minimizing costs. ... 14.1.Match the terms in the left column with their definitions from the right column: 1. _c__ Bill of materials: a. A factor that causes costs to change. ... A cost accounting ...
[DOC File]CONTRACT COST ANALYSIS
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Opportunity cost is the conceptual base of this chapter. While most students think of costs in accounting terms, they must develop an understanding of the distinction between accounting, economic, and opportunity costs.
Cost Accounting Common Terms and Definitions | Accounting, Fina…
Cost and Pricing - Definitions. ATTACHMENT D-1: Cost and Pricing - Definitions. ... in any and all cost categories to ensure that all costs can be accounted for within standard Generally Acceptable Accounting Principles (GAAP). ... Document defining cost and pricing terms for ESCO solicitations.
[DOC File]Chapter 2--Basic Cost Management Concepts
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accounting. is a specific accounting technique which contrasts with the traditional accounting method where holdings of 50 per cent or less in another company are shown at cost, and dividends received as the only recognition of the profits of the investment. The equity method is advocated by AAS14. Source ANZ.com. Mark to market accounting
[DOCX File]Attachment D-1: Cost and Pricing - Definitions
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A synonym, true cost accounting (TCA) is also often used. Experts consider both terms problematic as definitions of "true" and "full" are inherently subjective. See green economics for more on these problems. Concepts. Full cost accounting embodies several key concepts that distinguish it from standard . accounting. techniques.
[DOC File]cost accounting
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1. Cost Accounting Information System. The cost accounting information system is a cost management subsystem designed to assign costs to individual products and services and other objects as specified by management. a. For external financial reporting, the cost accounting system must:
[DOCX File]CHAPTER 14
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The following definitions and guidelines apply when completing a Cost Analysis and Appreciable Contribution Work Sheet for either an initial cost (SUB-008) or price increase (SUB-007). The following documented costs must relate to the specific commodity/service of the proposed or current work center contract with the State of Wisconsin.
[DOC File]CHAPTER 7
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Project Cost Accounting System (PCAS) Identifier Document Owner ... Key Terms. Table 5 below provides definitions and explanations for terms and acronyms relevant to the content presented within this document. Term. Definition < Insert . t.
[DOCX File]Decommission Plan
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For repeated Cost Transfers, GCS may train the PI and department personnel in the affects such transfers have on sponsored funding and where appropriate inform the PI’s supervisor or other administrative personnel. Grant Accounting will make the necessary adjustments or entries into the UT Share accounting system.
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