INTRODUCTION TO MANAGERIAL ACCOUNTING
MARCH 12




Managerial accounting focuses on an organization's internal financial processes, while financial
accounting focuses on an organization's external financial processes.
Managerial - internally to executives, managers, employees
Financial – to external users suh as leaders, banks, investors and regulatory agencies
Measurement skills help the managers answer important questions:
- What net income should my company report to its stock holders? – measures and report
historical data that complies rules
- How will company serve its customers? – measure and analyze mostly non-financial,
process-oriented data
- Will my company needto borrow money? – measure and analyze estimated future cash flows
JOB ORDER COSTING
MARCH 19



Requisition form – direct materials
Time Ticket form – direct labor
Job Cost Sheet – direct materials, direct labor, manufacturing overhead



Work in Process – partially complete goods
Cost of Goods sold – nabentang goods
Finished good ending inventory – hindi nabenta na goods

Total Manufacturing Cost = DM+DL+MOH

CONVERSION = DL + Applied overhead