Management Accounting: Analysis and Interpretation

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

Revised

• Format: Hardcover
• Language: English
• ISBN: 0070283001
• ISBN13: 9780070283008
• Release Date: January 1
• Publisher: McGraw-Hill Higher Education
• Length: 608 Pages

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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