Managerial Accounting: An Introduction to Concepts, Methods and Uses

✍ Scribed by Michael W. Maher, Clyde P. Stickney, Roman L. Weil

• Publisher: Cengage Learning
• Year: 2007
• Tongue: English
• Leaves: 624
• Edition: 10
• Category: Library

✦ Synopsis

Now you can focus on the concepts, methods, and uses of managerial accounting that will prepare you to become an effective manager in today's business world. This classic MBA text balances managerial accounting coverage with a strong emphasis on management decision-making. You learn how to truly use the financial information, rather than simply perfect your accounting techniques. Core managerial accounting concepts combine with the latest cutting-edge material that's important to today's managers and decision makers. You'll find an emphasis on international issues within today's globalized business environment, the strategic effects of decisions, a focus on ethics that reflects this area of increasing scrutiny, and emphasis on new management accounting trends. Numerous realistic examples and application problems help emphasize process improvement and the integration of financial reporting issues for management decision-making. You also learn to apply managerial accounting tools to the emerging service sector, government, and nonprofit organizations for ongoing business success.

✦ Table of Contents

Front Cover......Page 1
Title Page......Page 2
Copyright......Page 3
Brief Contents
......Page 10
Preface......Page 5
Contents......Page 11
PART ONE: Overview and Basic Concepts......Page 16
CHAPTER 1 Fundamental Concepts......Page 18
Managerial Application: Managers Need Cost Information for Survival......Page 19
Managerial Application: J & J’s Credo......Page 25
CHAPTER 2 Measuring Product Costs......Page 48
Managerial Application: Using the Basic Cost Flow Equation to Detect Fraud......Page 52
CHAPTER 3 Activity-Based Management......Page 92
Managerial Application: Cost Management in Action: Why Hewlett-Packard Now Manages Suppliers Instead of Overhead......Page 102
Managerial Application: Resources Used versus Resources Supplied in Health Care......Page 105
Managerial Application: Impact of ABC on Shareholder Value......Page 108
PART TWO: Managerial Decision Making......Page 128
CHAPTER 4
Strategic Management of Costs, Quality, and Time......Page 130
Managerial Application: Quality, Reputation,and Ethics......Page 138
CHAPTER 5
Cost Drivers and Cost Behavior......Page 156
Managerial Application: United Airlines Uses Regression to Estimate Cost Behavior......Page 174
CHAPTER 6
Financial Modeling for Short-Term Decision-Making......Page 198
Managerial Application: Calculating Break-Even Points for a Brewpub......Page 209
CHAPTER 7
Differential Cost Analysis for Operating Decisions......Page 234
Managerial Application: Pricing Practices in Various Countries......Page 240
Managerial Application: Cost Management in Action: Why Hewlett-Packard Now Manages Suppliers Instead of Overhead......Page 247
CHAPTER 8
Capital Expenditure Decisions......Page 288
Managerial Application: Environmental Investments......Page 290
Managerial Application: Investing in Improved Technology......Page 299
PART THREE: Motivating Managers to Make Good Decisions......Page 316
CHAPTER 9
Profit Planning and Budgeting......Page 318
Managerial Application: Honesty in Managerial Reporting......Page 322
Managerial Application: Developing Master Budgets Through out the World......Page 324
Managerial Application: Using the Internet for Budgeting......Page 332
CHAPTER 10
Profit and Cost Center Performance Evaluation......Page 364
Managerial Application: An Antidote to Biased Standards : How Workers Develop Their Own Standards at NUMMI......Page 370
CHAPTER 11
Investment Center Performance Evaluation......Page 408
Managerial Application: Just-in-Time Production in Japan and the Internal Revenue Service in the United States......Page 418
Managerial Application: Does Economic Value Added Beat Earnings?......Page 424
CHAPTER 12
Incentive Issues......Page 444
Managerial Application: Conflicts in an Incentive Compensation Plan......Page 446
Managerial Application: Does Customer Satisfaction Pay Off?......Page 452
Managerial Application: Successfully Implementing the Balanced Scorecard: The FMC Experience......Page 454
Managerial Application: Software Company’s Stock Tanks after Premature Revenue Recognition Disclosed......Page 460
CHAPTER 13
Allocating Costs to Responsibility Centers......Page 476
APPENDIX A: Compound Interest Examples and Applications......Page 506
Compound Interest and Annuity Tables......Page 521
Glossary......Page 524
Index......Page 618