http://basiccollegeaccounting.com Learning Free Online Accounting Fri, 16 May 2008 16:46:27 +0000 http://backend.userland.com/rss092 en The main objective of the Finance Manager is to manage funds in such a way so as to ensure their optimum utilization and their procurement in a manner that the risk, cost and control considerations are properly balanced in a given situation. To achieve the objective the Finance Manager performs ... http://basiccollegeaccounting.com/functions-of-finance-manager/ The aim of the examination is to test the candidate’s knowledge and understanding of ·        The methods, principles and techniques by which both planned and actual costs of operations, processes, departments, products or services are established ·        Responsibility for effective use of resources involving control by variance analysis ·        Relevant costs for decision ... http://basiccollegeaccounting.com/lcci-cost-accounting-third-level3016-series-2-3-4/ The aim of the examination is to test the candidate’s knowledge and understanding of ·        The purposes of cost accounting, the terminology used and the methods by which the costs of operations, processes, departments, products or services are ascertained using the absorption principle ·        Elementary aspects of the marginal principle, optional technique ... http://basiccollegeaccounting.com/lcci-cost-accounting-second-level2016-series-23-4/ The aim of the examination is to test the candidate’s knowledge and understanding of the basic principles involved in short-term cost behaviour, short and long-term decision making and short-term profit control, cash management and product cost ascertainment SYLLABUS CONTENT 1.0  Short-term Cost Behaviour Effective assessment of the cost effects of the various alternatives ... http://basiccollegeaccounting.com/lcci-management-accounting-third-level3023-series-23-4/ Some of the factors to consider when installing a Cost Accounting system areas as follow:   1.   The objectives and expectations of managements for installing it should be identified. How simple or complex will depends on the objectives of management 2.  The need to properly understand the nature of business, its technical aspects, ... http://basiccollegeaccounting.com/factors-to-consider-when-installing-a-cost-accounting-system/ In order to have a good Cost Accounting System, during the stage of designing it, we should consider the following: The need to have a thorough understanding of the Organization structure, manufacturing process & procedures, selling and distribution process and types of cost information required by the company’s business The need to ... http://basiccollegeaccounting.com/factors-to-consider-when-designing-a-cost-accounting-system/ Append below are some of the essential features of a good costing Accounting system:   1.0 The Cost Accounting system should be simple and customized to meet the business requirements. 2.0 The method of costing should be suitable to the industry and serve its purpose 3.0 The system should consider the organizational structure of the business ... http://basiccollegeaccounting.com/essential-features-of-a-good-costing-system/ The following are some of the objectives of setting up a Cost Accounting System whether in a manufacturing or non manufacturing company: 1.0 Ascertainment of cost of each item 2.0 Determination of selling price of every item 3.0 Cost Control and Cost Reduction 4.0 Ascertainment of profit of each activity 5.0 Assisting management in decision making ... http://basiccollegeaccounting.com/objectives-of-setting-upintroducing-a-cost-accounting-system/ Append below some places where you can shop for your reference books whether they are accounting, financial or audit or management related.  AMAZON BOOKSTORE  http://astore.amazon.com/httpbasiccoll-20   POWELL'S BOOKSTORE Finance.htmlhttp://www.powells.com/partner/33036/subsection/BusinessAccounting& http://basiccollegeaccounting.com/shopping/   Syllabus Content 1.0 Double Entry System Within the following areas, candidates should be able to: 1.1  The Double Entry System ·        Explain the accounting entity, money measurement and historical concept ·        Analyse business transactions using the accounting equation: Assets=Liabilities+Owners’ Equity ·        Process accounting data using the double entry system 1.2  Source Documents ·        Name and state the use of ... http://basiccollegeaccounting.com/gce-%e2%80%9co%e2%80%9d-level-principles-of-accounts-singapore/