In order to effectively solve business problems, managers need to understand how managerial accounting can improve decision-making. This book lays the groundwork by presenting managerial accounting in a strategic framework. Each module examines cost estimation and planning decisions in both the short- and long-term context. Budgets are then discussed as devices that connect planning andcontrol decisions. Within each chapter, a specific decision problem is framedin a four-step manner. Throughout the pages, Chapter Connections ties the decision problems to concepts in earlier chapters. End-of-chapter material also provides a good balance of quantitative and qualitative problems. This approachenables managers to learn the linkages among seemingly unrelated decisions. INDICE: MODULE I: INTRODUCTION AND FRAMEWORK. CHAPTER 1: ACCOUNTING: INFORMATION FOR DECISION MAKING. Four-Step Framework for Decision Making. DECISION MAKING IN ORGANIZATIONS. PLANNING AND CONTROL DECISIONS. ACCOUNTING AND DECISION MAKING. ETHICS AND DECISION MAKING. CHAPTER 2: IDENTIFYING AND ESTIMATING COSTS AND BENEFITS. KNOWING WHAT TO MEASURE. TIME AND CONTROLLABILITY. HOW TO MEASURE COSTS AND BENEFITS. HIERARCHICAL COST STRUCTURE. CHAPTER 3: COST FLOWS AND COST TERMINOLOGY. PRODUCT AND PERIOD COSTS. COST FLOWS IN SERVICE ORGANIZATIONS. COST FLOWS IN MERCHANDISING ORGANIZATIONS. COST FLOWS IN MANUFACTURING ORGANIZATIONS. COST ALLOCATIONS. MODULE II: SHORT-TERM PLANNING AND CONTROL: MAXIMIZING CONTRIBUTION. CHAPTER 4: TECHNIQUES FOR ESTIMATING FIXED AND VARIABLE COSTS. CONTRIBUTION MARGIN STATEMENT. ACCOUNT CLASSIFICATION METHOD. HIGH-LOW METHOD. REGRESSION ANALYSIS. SEGMENTED CONTRIBUTION MARGIN STATEMENTS. CHAPTER 5: COST-VOLUME-PROFIT ANALYSIS. THE COST-VOLUME-PROFIT (CVP) RELATION. THE CVP RELATION AND PROFIT PLANNING. USING THE CVP RELATION TO MAKE SHORT-TERM DECISIONS. USING THE CVP RELATION TO ASSESS OPERATING RISK. MULTI-PRODUCT CVP ANALYSIS. CVP ANALYSIS A CRITICAL EVALUATION. CHAPTER 6: DECISION MAKING IN THE SHORT TERM. CHARACTERISTICS OF SHORT-TERM DECISIONS. EVALUATING OPTIONS. ADDITIONAL EXAMPLES OF SHORT-TERM DECISIONS. DETERMINING THE BEST USE OF A SCARCE RESOURCE. QUALITATIVE CONSIDERATIONS. CHAPTER 7: OPERATING BUDGETS: BRIDGING PLANNING AND CONTROL. WHAT IS A BUDGET? PREPARING A MASTER BUDGET. FACTORS INFLUENCING THE BUDGETING PROCESS. CHAPTER 8: BUDGETARY CONTROL AND VARIANCE ANALYSIS. BUDGETS AS THE BASIS FOR CONTROL. HOW TO CALCULATE VARIANCES. INTERPRETINGAND USING VARIANCES. NON-FINANCIAL CONTROLS. MODULE III: LONG-TERM PLANNING AND CONTROL: MAXIMIZING PROFIT CHAPTER 9: COST ALLOCATIONS. LONG-TERM DECISIONSAND COST ALLOCATIONS. COST ALLOCATIONS FOR REPORTING INCOME. INCENTIVES AND COST ALLOCATIONS. CHAPTER 10: ACTIVITY-BASED COSTING & MANAGEMENT. ELEMENTS OF ACTIVITY-BASED COSTING (ABC) SYSTEMS. DECISION USEFULNESS OF ABC SYSTEMS. ACTIVITY-BASED MANAGEMENT. CHAPTER 11: CAPITAL BUDGETING. ROLES OF CAPITAL BUDGETS. ELEMENTS OF CAPITAL BUDGETS. DISCOUNTED CASH FLOW TECHNIQUES IN CAPITAL BUDGETING. OTHER EVALUATION CRITERIA FOR CAPITAL BUDGETING. TAXES AND CAPITAL BUDGETING. ALLOCATING CAPITAL AMONG PROJECTS. CHAPTER 12: PERFORMANCE EVALUATION IN DECENTRALIZED ORGANIZATIONS. DECENTRALIZATION OF DECISION MAKING. PERFORMANCE MEASUREMENT IN COST AND PROFIT CENTERS. PERFORMANCE MEASUREMENT IN INVESTMENT CENTERS. TRANSFER PRICING. CHAPTER 13: STRATEGIC PLANNING AND CONTROL. FORMULATING A STRATEGY. THE VALUE CHAIN. STRATEGIC COST PLANNING. IMPLEMENTING STRATEGY. MONITORING STRATEGY IMPLEMENTATION. MODULE IV: COST ACCOUNTING SYSTEMS. CHAPTER 14: JOB-COSTING SYSTEMS. TYPES OF PRODUCTION ENVIRONMENTS. JOB COSTINGSYSTEMS. PRE-DETERMINED OVERHEAD RATES. END-OF-PERIOD ADJUSTMENTS. CHAPTER 15: PROCESS-COSTING SYSTEMS. PROCESS COSTING VERSUS JOB COSTING. FUNDAMENTALS OFPROCESS COSTING. PROCESS COSTING WITH MANY COST POOLS AND BEGINNING INVENTORY. STANDARD PROCESS COSTING. CHAPTER 16: REFINING SYSTEMS: SUPPORT ACTIVITY ANDDUAL-RATE ALLOCATIONS. PRIMARY AND SUPPORT ACTIVITIES. METHODS FOR ALLOCATINGSUPPORT ACTIVITY COSTS. DUAL-RATE ALLOCATIONS.
- ISBN: 978-0-471-46785-4
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 704
- Fecha Publicación: 20/11/2008
- Nº Volúmenes: 1
- Idioma: Inglés