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Video of Allocating Service Department Costs, The WHY, Video 2 in Managerial Accounting course by Else Grech Accounting channel, video No. 23 free certified online
Students are often more interested in learning the application of a concept (the calculation) then they are the WHY behind the process. However, if you are heading towards your Canadian CPA designation the focus of the professional CFE (Common Final Exam) is the WHY, the strategy behind the application.
This video is the 2nd one that helps you to understand the WHY behind allocating service department costs. Your understanding of this is critical to both passing the professional exams but also to aiding the business you either run or work for with regards to their long term success.
I try to provide students with both the WHY and the HOW. This video continues the process of answering the question of WHY!!
Thanks for watching!
Else