3 Ways to Allocate Costs to Multiple Support Departments (Direct, Step-down, and Reciprocal methods)

Поділитися
Вставка
  • Опубліковано 16 січ 2016
  • This video discusses three different ways to allocate the costs of multiple support departments when the support departments provide services to each other. The key question is how to treat the costs of services that the support departments provide to each other. The Direct Method does not allocate any of these costs, the Step-down Method allocates some of these costs, and the Reciprocal Method allocates all of these costs.
    -
    Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
    -
    SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
    • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
    • A 44-PAGE GUIDE TO U.S. TAXATION
    • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
    • MANY MORE FREE PDF GUIDES AND SPREADSHEETS
    * eepurl.com/dIaa5z
    -
    SUPPORT EDSPIRA ON PATREON
    * / prof_mclaughlin
    -
    GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
    * edspira.thinkific.com
    -
    LISTEN TO THE SCHEME PODCAST
    * Apple Podcasts: podcasts.apple.com/us/podcast...
    * Spotify: open.spotify.com/show/4WaNTqV...
    * Website: www.edspira.com/podcast-2/
    -
    GET TAX TIPS ON TIKTOK
    * / prof_mclaughlin
    -
    ACCESS INDEX OF VIDEOS
    * www.edspira.com/index
    -
    CONNECT WITH EDSPIRA
    * Facebook: / edspira
    * Instagram: / edspiradotcom
    * LinkedIn: / edspira
    -
    CONNECT WITH MICHAEL
    * Twitter: / prof_mclaughlin
    * LinkedIn: / prof-michael-mclaughlin
    -
    ABOUT EDSPIRA AND ITS CREATOR
    * www.edspira.com/about/
    * michaelmclaughlin.com

КОМЕНТАРІ • 22

  • @melissalopez-davila655
    @melissalopez-davila655 4 роки тому +14

    I think this guy teaches better than my professor thank you Edspira!!!

  • @calumharris7574
    @calumharris7574 6 років тому +47

    Thanks. Somehow my prof managed to make this super complicated.

    • @Edspira
      @Edspira  6 років тому +1

      No problem. Thanks for watching Calum!

  • @niharraval7682
    @niharraval7682 7 місяців тому +1

    Thank you so much professor, I came across this and I have my exam in a week. Thank you very much, this helped me a lot! Please keep up the great videos!

  • @ritikjassal649
    @ritikjassal649 4 роки тому +1

    YOU'RE THE BEST I NEVER STUDY THE WHOLE SEMESTER AND GUESS WHAT I STILL MANAGE TO GET A CREDIT STUDYING 2 DAYS BEFORE THE EXAMS ALL CREDIT GOES TO YOU.

  • @depressedterrestrial6821
    @depressedterrestrial6821 5 років тому +27

    Instead of teaching, my professor shows your videos. Thanks for being an actual instructor, I guess.

  • @tayloraitken1095
    @tayloraitken1095 5 років тому +1

    Thank you so much! I was very confused by my Prof's explanation

  • @sudaishussain5041
    @sudaishussain5041 5 років тому +1

    You've just saved my ass, you are a man sculptured from greatness

  • @MyFinancialFocus
    @MyFinancialFocus 2 роки тому +2

    Interesting. Super cool to see the application of the different methods.

  • @kristenmawbey8831
    @kristenmawbey8831 4 роки тому

    This video helped me heaps! thank you so much!

  • @fatimahassan7273
    @fatimahassan7273 6 років тому +2

    Very clear explanation thank u soo much sir

  • @RVC0902
    @RVC0902 2 роки тому +4

    thank you so much. I'm doing a cost accounting class without lectures so these videos really help to explain the concepts.

    • @Edspira
      @Edspira  2 роки тому +1

      You're very welcome!

  • @youssefvgy
    @youssefvgy 4 роки тому

    Very helpful , thank you very much

  • @pavanicolombage500
    @pavanicolombage500 3 роки тому +4

    Thank you professor. You just simplify the complicated stuffs into simple learning. Could you please tell me in a situation where cost allocated for each department is not given, only the no. of hours allocated for the department given., how to calculate the departmental OH rate? Isn't it similar to plant wide OH rate?

  • @WolveriX100
    @WolveriX100 5 років тому +1

    Thank you

  • @astroanna123
    @astroanna123 5 років тому +1

    thanks!

  • @maggieq7697
    @maggieq7697 8 днів тому

    Thank you.

  • @USbachelor
    @USbachelor 3 роки тому +1

    Helped with CMA exam

  • @Saverick1985
    @Saverick1985 2 роки тому +1

    Something happened with the video. you can not read anything it's like a tunning vhs tape :/