Other Management Accounting
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Introduction to Management Accounting

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The Behaviour of Costs

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For just £10 you will receive

  • two chapters of text: a main one and a special one on correlation analysis full book and internet references
  • a batch of relevant questions: new, ACCA style and CIMA style
  • fully worked solutions to all questions

In addition to exhaustive discussions of the topics, each section includes many worked examples, practice for you to do, Excel Spreadsheets with functions and formulae fully explained. Most of all, each section contains PRACTICAL information: what really happens, how it really happens and how you can learn from reality. This approach turns a dry, academic series of pages to endure into a major resource to help you to learn and apply what you have learned.

These sections are aimed at students at university, working for ACCA and CIMA exams and at practitioners ... even non accountants could benefit enromously, such as MBA students.

Contents: 109 pages, 23,500 words, 20 fully worked examples, many tables, diagrams and charts

Main Text 1

  • Introduction
  • The Aim of Cost Behaviour Analysis
  • Definitions
  • Where do we see These Costs in Reality?
  • A Bit More About Basic Cost Behaviours
  • Other Cost Behaviours
  • The Methods Available
  • Non Mathematical Approaches to Analysing Cost Behaviour
  • The Inspection of Accounts Method
  • The Inspection of Accounts Method in Reality
  • The Engineering or Technical Estimate Method
  • Basic Engineering Method
  • Other Approaches to Working out Whether a Cost is Fixed or Variable?
  • Combining the Rolls Royce and the Range Rover
  • Management Accountants Think in Straight Lines
  • Three Traditional Arithmetical Methods of Finding Cost Behaviour
  • The Scattergraph Method
  • What do we do now?
  • Relevant Range and Residuals
  • What Happens when the X Axis does not Cut the Y axis at 0?
  • Should we still use the Scattergraph Method?
  • The High Low Method
  • Deciding What's High and What's Low
  • Should we still use the High Low Method?
  • Ordinary Least Squares Method
  • Traditional Analysis
  • Statistical Note
  • An Extension: Piecewise Linearity
  • Microsoft Excel and Ordinary Least Squares
  • Basic Layout Approach
  • Using Excel's LINEST function
  • References

Main Text 2

  • Introduction
  • Correlation
  • Coefficient of Correlation: r
  • r and b
  • Correlation & Causality
  • Coefficient of Determination: r2
  • Analysis of Residuals
  • A Systematic and Consolidated Approach to Regression and Correlation Analysis I
  • Regression Worksheet
  • Correlation Worksheet
  • A Systematic and Consolidated Approach to Regression and Correlation Analysis II
  • References

email support: all fully paid up subscribers will be free to ask follow up questions by email to seek clarification and further guidance as they wish: we promise a turnaround of within 24 hours of all questions.

Format: our work comes in Adobe Acrobat format.

Place your order: to order, just go to the Management Accounting Department's OnLine Shop now and to confirm whether you want the email and/or the Paper based or CD-ROM based version.


   
Duncan Williamson
7 June 2003
© Duncan Williamson 2003