Recording investment transactions

Recording, classifying, summarizing, and presenting costs

Preparing financial statements for investors

Managing corporate taxes

Recording sales transactions

Cost accounting focuses on taxes

Cost accounting focuses on product cost calculation

Financial accounting is for internal control

Cost accounting only records marketing costs

Cost accounting is used for external reporting

Conversion costs

Variable costs

Prime costs

Fixed costs

Semi-variable costs

Prime costs

Conversion costs

Variable costs

Fixed costs

Marketing costs

To reduce corporate taxes

To present financial statements

To determine product cost

To determine dividends

To determine business profit

Future costs

Historical costs

Variable costs

Standard costs

Fixed costs

To prepare tax reports

To determine selling prices

To provide cost information for management

To calculate shareholder profits

To determine employee bonuses

Production, administration, research

Production, marketing, administration & general

Production, investment, distribution

Production, taxation, research

Production, sales, capital

Costs that occur without a cause

Costs whose benefits last more than one period

Costs whose causes are only due to the financed object

Costs that are always variable

Costs related to taxes

Costs that are always variable

Costs related to taxes

Costs that occur for a specific department but are used together

Costs that do not require recording

Costs that only occur on sales

Irrelevant costs

Costs that arise due to calculation errors

Total amount remains constant

Total amount changes in proportion to production volume

Not related to production

Cannot be predicted

Only occur in marketing

Change according to production volume

Not related to the period

Total amount remains constant within a certain range

Always decrease every period

Do not require cash payment

Costs whose benefits are only for 1 period

Costs whose benefits are more than one period

Costs that are always variable

Marketing costs

Administrative costs

Standard costs

Historical costs (sunk cost)

Opportunity costs

Relevant costs

Variable costs

Costs that are actually incurred

Costs that are predetermined

Costs that arise due to the loss of alternative profits

Costs that remain constant every period

Conversion costs

Mass production

Production based on orders

Automated production

Non-production

Long-term production

Small production

Production based on orders

Continuous mass production

Manual production

Project production

Only calculates variable costs

Calculates all elements of production costs

Ignores fixed costs

Used only for tax reports

Only records direct costs

Prepare tax reports

Determine the amount of dividends

Plan and control resource use

Manage relationships with external parties

Determine stock value

Raw material costs, marketing costs, administrative costs

Labor costs, investment costs, interest costs

Raw material costs, direct labor, factory overhead

Depreciation costs, research costs, mod costs

Production costs

Non-production costs

Variable costs

Direct costs

Conversion costs

Their total amount is always fixed

Change not proportionally with the volume of activities

Do not change at all

Only appear in marketing

Are not recorded in cost accounting

Always change according to production volume

Remain at a certain level of activity and then change constantly

Are not related to production activities

Are the same as variable costs

Are the same as fixed costs

Raw materials, direct labor, variable factory overhead

Raw materials and fixed overhead

Marketing and administrative costs

Indirect labor costs

Opportunity costs and sunk costs

Increasing stock prices

Preparing tax reports

Measuring company income

Determining currency exchange rates

Reducing interest burden on loans

Trading companies calculate production costs

Manufacturing companies do not record marketing costs

Trading companies only record selling, marketing, administrative & general costs

Trading companies calculate conversion costs

Manufacturing companies do not have administrative costs

That have already occurred in the past

That are predetermined based on realistic estimates

That cannot be avoided

That fluctuate according to market conditions

That only apply to service companies

That have already occurred in the past

That are not related to decision alternatives

That are valuable in the future and differ between alternatives

That remain constant under all conditions

That only appear in external reports