- This topic has 1 reply, 2 voices, and was last updated 7 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Production and Non-production costs (Income statement)
Hi,
why in the financial statements the production and non-production costs are split?
With management accounting there are no rules about how costs are shown in the profit statements – it is not financial accounting.
However, inventories are always valued at the production cost. Non-production costs are not included in the valuation of inventories.
My free lectures will help you. They are a complete free course for Paper F2 and cover everything needed to be able to pass the exam well.