今天和高頓網(wǎng)校小編一起來做個(gè)ACCA F2《管理會(huì)計(jì)》簡單知識(shí)點(diǎn)的復(fù)習(xí)：
In the context of asset impairments, what is the limit below which an asset should not be impaired?
In the context of asset impairments, no asset should be impaired to an amount lower than its recoverable amount
In assessing ‘Value for Money’, what are the three ‘E’s’?
The three ‘E’s’ are:
Economy
Efficiency
Effectiveness
What is bottom-up budgeting?
Bottom-up budgeting is where lower level managers are involved in the budget process – they prepare budgets for their departments which are then checked and co-ordinated by higher level management.
What is the difference between capital expenditure and revenue expenditure?
Capital expenditure is the acquisition of non-current assets (which appear on the Statement of Financial Position)
Revenue expenditure is the payment of running expenses (which appear on the Income Statement)
What are the attributes of good information?
Good information should be:
Accurate
Complete
Cost-effective
Understandable
Relevant
Accessible
Timely
Easy to use
What is a ‘stepped fixed cost’?
A stepped fixed cost is one that is fixed in total within a certain level of activity, but where once an upper limit of activity is reached then a new higher level of fixed cost occurs.
What is the difference between direct and indirect labour costs?
Direct labour costs are directly involved in the making of products – the basic pay plus overtime premium on specific jobs
Indirect labour costs are all other labour costs – general overtime premiums, bonus payments, and the cost of indirect workers (e.g. canteen, maintenance)
What are the four types of cost relating to quality?
Prevention costs (the costs of improving the quality of the production process)
Appraisal costs (the costs of quality control checks)
Internal failure costs (the costs of re-working; the costs of rejects)
External failure costs ( the costs of delivering poor quality to the customer – e.g. replacements, repair work)
What are the basic principles involved in Total Quality Management?
‘Get it right first time’ – i.e. good quality production – no re-working, no rejects
Continuous improvement
Customer focus
What is meant by the term ‘target cost’?
The target cost is the maximum cost we can allow in order to achieve the target level of profitability based on a pre-determined selling price.