Cost and management accounting

Cost accounting

Speaking part 2: long turn

Read Professional English in Use – Finance Unit 17, “Cost accounting” before giving a one-minute talk on the following topics:-

Cost accounting 1

  • the purpose of cost accounting
  • direct and indirect costs
  • fixed and variable costs

Cost accounting 2

  • the principle of ‘absorption costing’
  • the principle of ‘activity-based costing’
  • how companies allocate charges to departments that do not generate profit

Cost accounting 3

  • the reasons for ‘breakeven analysis’
  • the ‘breakeven point’
  • other factors in pricing decisions

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s