Management Accounting: Analysis and Interpretation

By Cheryl S. McWatters and Jerold L. McWatters, Cheryl S.; Morse, Dale; Zimmerman

Focuses on the analysis of the information generated by the accounting system for both planning and control decisions. This book shows how accounting information can be used for effective planning and control within various types of organizations.

• Format: Hardcover
• Language: English
• ISBN: 0070283001
• ISBN13: 9780070283008
• Release Date: January 2000
• Publisher: McGraw Hill
• Length: 608 Pages
• Weight: 3.25 lbs.
• Dimensions: 10.9" x 1.0" x 8.4"

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Learning to apply Accounting Principles to Business Decisions

Contents: 1 - MANAGEMENT ACCOUNTING IN AN ORGANIZATIONAL CONTEXT * Management Accounting in a Changing Environment * Strategy for Increasing Customer Value * Organizations & Decisions * Role of Accounting in the Framework for Organizational Change * Trade-Offs in Using Accounting for Multiple Purposes * Types of Management Accountants * Ethics and Professional Management Accounting Organizations 2 - MEASURING AND ANALYZING ACTIVITY COSTS * Making Planning Decisions * Benefit and Cost Information * Activity Costs and the Rate of Output * Approximations of Activity Costs * Estimation of Activity Costs through the Identification of Variable and Fixed Costs Appendix: Using Regression to Estimate Fixed and Variable Costs 3 - MEASURING AND ANALYZING PRODUCT COSTS * Estimating Product Costs for Planning Decisions * Activities and Product Costs * Direct Product Costs * Direct Product Costs * Indirect Product Costs * Indirect Costs Traced Using a Cost Driver * Activity-Based Costing * Indirect Product Costs Traced Using a Single Cost Driver Appendix: Product Costs and Financial Reporting 4 - MANAGING ACTIVITIES * Strategic Decisions * Activity-Based Management and the Value Chain * Cost Reduction * Supply Chain Management and Costs * Customer Relationships and Profitability * Pricing and Customer Value 5 - SHORT-TERM DECISIONS AND CONSTRAINTS * Short-term Planning Decisions * Cost-Volume-Profit Analysis * Pricing Decisions in the Short Term * Product Mix Decisions * Product Mix Decisions with Constraints * Theory of Constraints Appendix: Additional Aspects of CVP Analysis 6 - MANAGING ORGANIZATIONS * Framework for Organizational Change Revisited * Control within an Organization * Knowledge and Decision Making within an Organization * Motivation of Individuals to Support an Organization's Goals 7 - DECENTRALIZED ORGANIZATIONS * Controllability Principle * Responsibility Centers * Accounting-Based Performance Measures * Transfer Pricing * International Transfer-Pricing Issues 8 - BUDGETING * Purpose of Budgets * Conflict Between Planning and Control * How Budgeting Helps Resolve Organizational Problems * Comprehensive Master Budget Illustration Appendix: Monthly Cash Flow Estimates and Spreadsheets 9 - COST ALLOCATION * Allocating of Indirect Costs * Reasons for Allocating Indirect Costs * Basic Steps of Cost Allocation * Segment Reporting Appendix: Allocating Costs of Service Departments with Interactions 10 - ABSORPTION COSTING SYSTEMS * Product Costing Procedures in Organizations * Job-Order Costing * Cost Flow through the Accounts * Allocation of Overhead to Jobs * ABC and Multiple Allocation Bases * Multi-stage Allocation Processes * Process Costing Appendix: Cost of Goods Manufactured, Cost of Goods Sold, and Alternative Cost Flow Methods for Inventory 11 - VARIABLE COSTING AND CAPACITY COSTS * Criticisms of Absorption Cost Systems * Variable Costing * Capacity Costs Appendix: Joint Costs 12 - MANAGEMENT ACCOUNTI