Introduction to management accounting

✍ Scribed by Horngren, Charles T

• Publisher: Pearson
• Year: 2012;2014
• Tongue: English
• Leaves: 861
• Series: Always learning
• Edition: 16. ed., Global ed
• Category: Library

✦ Synopsis

Directed primarily toward Accounting college/university majors, this text also provides practical content to current and aspiring industry professionals.
"Introduction to Management Accounting" helps to enhance readers' ability to make effective economic decisions by encouraging them to understand the inner-workings of the concepts, rather than solely focusing on technique memorization. Overall, this text describes both theory and common practices in a way that will help readers produce information that's useful in day-to-day decision-making. 013305974X / 9780133059748 Introduction to Management Accounting Plus NEW MyAccountingLab with Pearson eText -- Access Card Package Package consists of: 0133058786 / 9780133058789 Introduction to Management Accounting 0133059251 / 9780133059250 NEW MyAccountingLab with Pearson eText -- Access Card -- for Introduction to Management Accounting

✦ Table of Contents

Cover......Page 1
Contents......Page 8
Preface......Page 15
Acknowledgements......Page 18
Starbucks......Page 21
Management Accounting and Your Career......Page 22
Roles of Accounting Information......Page 23
Management by Exception......Page 25
Planning and Control for Product Life Cycles and the Value Chain......Page 28
Accounting’s Position in the Organization......Page 31
Adaptation to Change......Page 34
Ethical Conduct for Professional Accountants......Page 37
Fundamental Assignment Material......Page 43
Additional Assignment Material......Page 45
Boeing Company......Page 55
Identifying Activities, Resources, Costs, and Cost Drivers......Page 56
Variable-Cost and Fixed-Cost Behavior......Page 58
Cost Behavior: Further Considerations......Page 61
Cost-Volume-Profit Analysis......Page 64
Additional Uses of CVP Analysis......Page 74
Contribution Margin and Gross Margin......Page 77
Appendix 2A: Sales-Mix Analysis......Page 80
Appendix 2B: Impact of Income Taxes......Page 81
Accounting Vocabulary......Page 82
Fundamental Assignment Material......Page 83
Additional Assignment Material......Page 86
Air Arabia......Page 105
Cost Drivers and Cost Behavior......Page 106
Management Influence on Cost Behavior......Page 107
Cost Functions......Page 109
Methods of Measuring Cost Functions......Page 112
Appendix 3: Use and Interpretation of Least-Squares Regression......Page 121
Fundamental Assignment Material......Page 125
Additional Assignment Material......Page 126
Koç Holding......Page 141
Cost Management Systems......Page 142
Cost Accounting Systems......Page 143
Cost Terms Used for Strategic Decision Making and Operational Control Purposes......Page 145
Cost Terms Used for External Reporting Purposes......Page 150
Traditional and Activity-Based Cost Accounting Systems......Page 153
Activity-Based Management: A Cost Management System Tool......Page 161
Appendix 4: Detailed Illustration of Traditional and Activity-Based Cost Accounting Systems......Page 164
Fundamental Assignment Material......Page 173
Additional Assignment Material......Page 179
Grand Canyon Railway......Page 199
The Concept of Relevance......Page 200
Pricing Special Sales Orders......Page 205
Basic Principles for Pricing Decisions......Page 210
Influences on Pricing in Practice......Page 213
Cost-Plus Pricing......Page 214
Target Costing......Page 220
Fundamental Assignment Material......Page 224
Additional Assignment Material......Page 228
Nantucket Nectars......Page 245
Analyzing Relevant Information: Focusing on the Future and Differential Attributes......Page 246
Make-or-Buy Decisions......Page 248
Deletion or Addition of Products, Services, or Departments......Page 253
Optimal Use of Limited Resources: Product-Mix Decisions......Page 255
Joint Product Costs: Sell or Process Further Decisions......Page 257
Keeping or Replacing Equipment......Page 259
Identify Irrelevant or Misspecified Costs......Page 261
Conflicts Between Decision Making and Performance Evaluation......Page 263
Fundamental Assignment Material......Page 265
Additional Assignment Material......Page 269
Ritz-Carlton......Page 289
Budgets and the Organization......Page 290
Types of Budgets......Page 296
Preparing the Master Budget......Page 298
Budgets as Financial Planning Models......Page 309
Appendix 7: Use of Spreadsheet Models for Sensitivity Analysis......Page 311
Fundamental Assignment Material......Page 313
Additional Assignment Material......Page 315
McDonald’s......Page 329
Using Budgets and Variances to Evaluate Results......Page 330
Revenue and Cost Variances......Page 335
The Role of Standards in Determining Variances......Page 337
Finding Explanations for Variances......Page 338
More Detailed Analysis of Flexible-Budget Variances......Page 341
Overhead Variances......Page 346
Accounting Vocabulary......Page 350
Fundamental Assignment Material......Page 351
Additional Assignment Material......Page 353
Health Net......Page 371
Management Control Systems and Organizational Goals......Page 372
Designing Management Control Systems......Page 374
Controllability and Measurement of Financial Performance......Page 379
Measurement of Nonfinancial Performance......Page 384
The Balanced Scorecard......Page 389
Management Control Systems in Service, Government, and Nonprofit Organizations......Page 391
Future of Management Control Systems......Page 392
Accounting Vocabulary......Page 393
Fundamental Assignment Material......Page 394
Additional Assignment Material......Page 396
NIKE......Page 409
Centralization Versus Decentralization......Page 410
Performance Metrics and Management Control......Page 412
Measures of Segment Performance......Page 415
Economic Profit and Economic Value Added (EVA)......Page 419
Incentives from Income, ROI, or Economic Profit......Page 421
Transfer Pricing......Page 423
Keys to Successful Management Control Systems......Page 432
Fundamental Assignment Material......Page 435
Additional Assignment Material......Page 438
Toyota Motor Corporation......Page 453
Discounted-Cash-Flow Models......Page 454
Sensitivity Analysis and Risk Assessment in DCF Models......Page 458
The NPV Comparison of Two Projects......Page 459
Relevant Cash Flows......Page 462
Income Tax Effects......Page 464
Other Models for Analyzing Long-Range Decisions......Page 471
Performance Evaluation......Page 473
Appendix 11: Capital Budgeting and Inflation......Page 476
Accounting Vocabulary......Page 478
Fundamental Assignment Material......Page 479
Additional Assignment Material......Page 481
L.A. Darling......Page 499
A General Framework for Cost Allocation......Page 500
Allocation of Service Department Costs......Page 502
Allocation of Costs to Product or Service Cost Objects......Page 509
An ABC Approach......Page 514
Allocation of Costs to Customer Cost Objects to Determine Customer Profitability......Page 517
Allocation of Central Corporate Support Costs......Page 525
Allocation of Joint Costs and By-Product Costs......Page 526
Fundamental Assignment Material......Page 529
Additional Assignment Material......Page 532
DELL......Page 551
Accounting for Factory Overhead......Page 552
Illustration of Overhead Application......Page 553
Problems of Overhead Application......Page 555
Variable Versus Absorption Costing......Page 558
Fixed Overhead and Absorption Costs of Product......Page 563
Effect of Other Variances......Page 567
Appendix 13: Comparisons of Production-Volume Variance with Other Variances......Page 571
Fundamental Assignment Material......Page 573
Additional Assignment Material......Page 576
Jelly Belly......Page 595
Illustration of Job Costing......Page 596
Activity-Based Costing/Management in a Job-Costing Environment......Page 601
Job Costing in Service and Nonprofit Organizations......Page 604
Process Costing Basics......Page 605
Physical Units and Equivalent Units (Steps 1 and 2)......Page 610
Calculation of Product Costs (Steps 3 to 5)......Page 611
Effects of Beginning Inventories: Weighted-Average Method......Page 613
Transferred-In Costs......Page 614
Costing in a JIT System: Backflush Costing......Page 617
Fundamental Assignment Material......Page 620
Additional Assignment Material......Page 623
ÜLKER......Page 637
Financial Statements—Balance Sheet and Income Statement......Page 638
Accrual Basis and Cash Basis......Page 643
Adjustment Type I: Expiration of Unexpired Costs......Page 644
Adjustment Type III: Accrual of Unrecorded Expenses......Page 648
Adjustment Type IV: Accrual of Unrecorded Revenues......Page 650
Dividends and Retained Earnings......Page 651
Preparing Financial Statements......Page 652
Sole Proprietorships and Partnerships......Page 653
Generally Accepted Accounting Principles......Page 654
Three Measurement Principles......Page 657
Appendix 15A: Additional Accounting Concepts......Page 660
Appendix 15B: Using Ledger Accounts......Page 662
Accounting Vocabulary......Page 665
Fundamental Assignment Material......Page 666
Additional Assignment Material......Page 668
NIKE......Page 679
Classified Balance Sheet......Page 680
Income Statement......Page 688
Statement of Changes in Stockholders’ Equity......Page 690
Statement of Cash Flows......Page 693
Cash Flow from Operating Activities......Page 699
Interpreting the Cash Flow Statement......Page 704
Annual Reports......Page 706
Appendix 16A: Accounting for Inventory......Page 710
Appendix 16B: Shareholder Reporting, Income Tax Reporting, and Deferred Taxes......Page 715
Fundamental Assignment Material......Page 717
Additional Assignment Material......Page 720
Paltel Group......Page 735
Market-Value and Equity Methods......Page 736
Consolidated Financial Statements......Page 738
Recognizing Income after Acquisition......Page 739
Part Two: Analysis of Financial Statements......Page 747
Component Percentages......Page 749
Uses of Ratios......Page 750
Efficient Markets and Investor Decisions......Page 754
Fundamental Assignment Material......Page 757
Additional Assignment Material......Page 762
Books in Management Accounting......Page 774
Online Resources......Page 777
The Nature of Interest......Page 778
Part 1......Page 784
Report on Independent Registered Public Accounting Firm......Page 810
NIKE, Inc., Notes to Consolidated Financial Statements......Page 817
B......Page 836
C......Page 837
D......Page 838
F......Page 839
I......Page 840
M......Page 841
O......Page 842
R......Page 843
T......Page 844
Z......Page 845
B......Page 846
C......Page 847
F......Page 849
I......Page 850
M......Page 851
P......Page 852
S......Page 853
W......Page 854
Z......Page 855
F......Page 856
N......Page 857
Y......Page 858

✦ Subjects

Business;Management;Finance;Accounting;Textbooks;Nonfiction