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By the end of this session you should be able to:

  • allocate joint costs to final products
  • apply throughput accounting in profit reporting and inventory valuation
  • explain environmental costing
  • explain the impact of Total Quality Management (TQM) on the accounting system
  • explain the impact of Just In Time (JIT) on the accounting system

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in Chapters 4 of your Study Text