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Created by Sunray Ro
over 8 years ago
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Controlling Tasks - History
Controlling Definition
Controlling - Translation
Controlling Cycle
Controlling in BA
Definitions:
1) Finance
2) Decision Theory
3) Operations Research
Difference Financial and Management Accounting
Cost Accounting - Objectives
Cost Accounting - Field
Fundamentals: Level of operating assets
Costs vs Non-operating expenses
Definitions:
1) Cash-outflow
2) Expenses
3) Costs
Definitions:
1) Operating Expenses
2) Non-operating Expenses
3) Basic Costs
4) Outlay Costs
5) Extra Costs
Definitions of "costs":
1) Schmalenbach
2) Koch
3) Riebel
Production Function
Cost Function
Other cost functions:
1) Total Costs
2) Average costs (costs per unit)
3) Marginal Costs
Definitions:
1) Direct Costs
2) Common costs (overhead costs)
3) Variable costs
3) Fixed costs
More Definitions:
1) Artificial Common Costs
2) Stepwise adjustable costs
3) Special direct costs
Objectives of Cost Type Accounting
Type of used production factors
Operational functions
Way to allocate costs
1) Variability with activity level
2) Way to record costs
3) Way to handle in cost centre acc.
Chart of accounts for cost types
Fundamentals of Cost Type Accounting:
1) Clarity
2) Unity
3) Completeness
3) Efficiency
Documentation and recording of selected cost types: material costs:
1) Documentation
Documentation and recording of selected cost types: material costs
1) Inventory method
2) Sub-account method
3) Retrograde method
--> Valuation [leave this here?]
1) Personnel costs
2) Split of personnel into direct and common costs
Recording of selected cost types: service costs
Recording of selected cost types: imputed costs
Imputed Depreciations
Imputed costs: depreciations caused by
1) consumption
2) economic reasons
3) caused by time
-->Total effect
Types of depreciations:
1) Systematic (fixed assets)
2) Extraordinary (fixed & working assets)
Imputed costs: depreciations:
Preconditions
Methods of depreciation
Example "Linear Depreciation"
Misestimation of economic life
Possibilities of amendment for misestimation:
1) No change of depreciation
2) Recalculation based on book value
3) Recalculation based on initial value
4) Cause-fair amendment
Imputed Costs: Imputed Interest
Calculation of Imputed Interests
1) Capital Employed
2) Interest Rate
3) Calculation
Calculation of Imputed Interests: Way of Calculation
1) Interest on residual value
2) Interest on average value
Imputed Costs: Imputed Risks
1) Idea
2) Types
Imputed Costs: Imputed Rental Charges and Imputed Entrepreneurial Profit
1) Imputed Rental Charge
2) Imputed Entrepreneurial Profit
1) Outcomes of Cost Type Accounting
2) Objectives of Cost Centre Accounting
Objectives of Cost Assignment
1) Internal relations
2) Cost effectiveness
3) Calculation
4) Cost determination
Definition: Cost Centre
Cost Centre: Principles
1) Area of responsibility
2) Allocation base
3) Posting
4) Efficiency
5) -> Granularity of Cost Centres
(Potential) Factors for Cost Centres
Classifying Cost Centres
1) Functions
2) Way of Settlement
3) Cost Center Plan
1) Primary Cost Centre
2) Service Cost Centre
Cost Allocation Sheet (CAS)
1) Cost Centres
2) Primary common cost assignments
3) Secondary common cost assignments
Process CAS:
1) Assignment of Common Costs
2) Internal Service Calculation