Managerial Accounting: The Cornerstone of Business Decision-Making

Cover
Brief Contents
Acknowledgments and Thanks
About the Authors
Contents
Ch 1: Introduction to Managerial Accounting
	The Meaning of Managerial Accounting
	Financial Accounting and Managerial Accounting
	Current Focus of Managerial Accounting
	The Role of the Managerial Accountant
	Managerial Accounting and Ethical Conduct
	Certification
Ch 2: Basic Managerial Accounting Concepts
	The Meaning and Uses of Cost
	Product and Service Costs
	Preparing Income Statements
Ch 3: Cost Behavior and Forecasting
	Basics of Cost Behavior
	Mixed Costs and Step Costs
	Methods for Separating Mixed Costs into Fixed and Variable Components
	Variable and Absorption Income Statements: Two Ways of Measuring Income
	Appendix 3A: Using the Regression Programs
Ch 4: Job-Order Costing and Overhead Application
	Characteristics of the Job-Order Environment
	Normal Costing and Overhead Application
	Keeping Track of Job Costs with Source Documents
	The Flow of Costs through the Accounts
	Appendix 4A: Journal Entries Associated with Job-Order Costing
	Appendix 4B: Support Department Cost Allocation
Ch 5: Activity-Based Costing and Management
	Limitations of Functional-Based Cost Accounting Systems
	Activity-Based Product Costing
	Activity-Based Customer Costing and Activity-Based Supplier Costing
	Process-Value Analysis
Ch 6: Process Costing
	Characteristics of Process Manufacturing
	The Impact of Work-in-Process Inventories on Process Costing
	Weighted Average Costing
	Multiple Inputs and Multiple Departments
	Appendix 6A: Production Report-First-In, First-Out Costing
Ch 7: Cost-Volume-Profit Analysis
	Break-Even Point in Units and in Sales Dollars
	Units and Sales Dollars Needed to Achieve a Target Income
	Graphs of Cost-Volume-Profit Relationships
	Illustrating Relationships among CVP Variables
	Multiple-Product Analysis
	Cost-Volume-Profit Analysis and Risk and Uncertainty
	Making the Connection: Integrative Exercise (Chapters 2, 3, and 7)
Ch 8: Tactical Decision Making and Relevant Analysis
	Short-Run Decision Making
	Some Common Relevant Cost Applications
	Product Mix Decisions
	The Use of Costs in Pricing Decisions
Ch 9: Profit Planning and Flexible Budgets
	Description of Budgeting
	Preparing the Operating Budget
	Preparing the Financial Budget
	Using Flexible Budgets for Planning and Performance Reporting
	Using Budgets for Performance Evaluation
Ch 10: Standard Costing and Variance Analysis
	Unit Standards and Basic Concepts of Standard Costing
	Variance Analysis: General Description
	Variance Analysis: Materials and Labor
	Overhead Analysis
	Appendix 10A: Accounting for Variances
	Making the Connection: Integrative Exercise (Chapters 5, 9, and 10)
Ch 11: Performance Evaluation and Decentralization
	Decentralization and Responsibility Centers
	Measuring the Performance of Investment Centers by Using Return on Investment
	Measuring the Performance of Investment Centers by Using Residual Income and Economic Value Added
	Transfer Pricing
	Appendix 11A: The Balanced Scorecard-Basic Concepts
Ch 12: Capital Investment Decisions
	Types of Capital Investment Decisions
	Nondiscounting Models: Payback Period and Accounting Rate of Return
	Discounting Models: The Net Present Value Method
	Internal Rate of Return
	Postaudit of Capital Projects
	Mutually Exclusive Projects
	Appendix 12A: Present Value Concepts
	Appendix 12B: Present Value Tables
	Making the Connection: Integrative Exercise (Chapters 3, 5, 8, and 12)
Ch 13: Emerging Topics in Managerial Accounting
	Enterprise Risk Management
	Business Sustainability
	Quality Cost Management
	Lean Manufacturing and Lean Accounting
	International Issues in Management Accounting
	The Role of Cost and Managerial Accounting in Fraud and Forensic Accounting
Ch 14: Statement of Cash Flows
	Overview of the Statement of Cash Flows
	Preparation of the Statement: Indirect Method
	The Direct Method: An Alternative Approach
	Worksheet Approach to the Statement of Cash Flows
Ch 15: Financial Statement Analysis
	Common-Size Analysis
	Ratio Analysis
	Liquidity Ratios
	Leverage Ratios
	Profitability Ratios
Glossary
Check Figures
Index