Page 9 - UNISA Manac Cost Course Slides Part 1

TEST 3 - COSTING

Introduction

• The management accounting information provided to those

people must satisfy the following requirements:

• Allocate costs between costs of goods sold and

inventories for internal and external reporting(“Cost

accumulation for inventory valuation and profit

measurement”)

• Provide relevant information to help managers make

better decisions (“Information for decision making”)

• Provide information for planning, control and

performance measurement(“Information for planning,

control and performance measurement”)

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