Managerial Accounting Information for Decisions

by Ingram, Robert W.; Albright, Thomas L.; Hill, John S.

• ISBN13: 9780324159882
• ISBN10: 0324159889
• Format: Hardcover
• Copyright: 2002-01-11
• Publisher: South-Western College Pub

Summary

Textbook provides a realistic presentation of managerial accounting. Presents accountants as part of a management team, interpreting accounting information for managerial decision making.

Table of Contents

Product Costing and Decision Making	p. 1
Accounting and Management Decisions	p. 2
Introduction to Managerial Accounting	p. 3
The Role of Managerial Accounting in Planning and Control	p. 7
Interactions Among Accounting, Marketing, and Operations	p. 10
Responding to the New Business Environment	p. 14
Effects of the New Business Environment on Managerial Accounting	p. 16
Managerial Accounting in Service Companies	p. 21
Cost Categorization, Cost Flow, and Measurement Decisions	p. 34
The Production Process: An Illustration	p. 35
Product Costs Versus Period Expense	p. 37
Cost Flows Through an Organization	p. 40
Traditional Cost Categories	p. 44
Cost-Based Decision Making	p. 48
Cost Information for Service Organizations	p. 54
Unit Costs for Decision Making	p. 76
The Role of Unit Costs	p. 77
The Elements of Unit Cost	p. 80
Measuring Costs	p. 81
Assigning Unit Costs	p. 85
Job-Order Costing	p. 88
Process Costing	p. 90
Accuracy of Unit Costs	p. 95
Unit Costs in the Service Sector	p. 96
Cost Measurement for Management	p. 120
Contribution Margin and the Variable-Costing Income Statement	p. 121
Cost-Volume-Profit Analysis	p. 123
Variable and Absorption Costing: A Comparison	p. 128
Choosing Between Variable Costing and Absorption Costing	p. 133
Measuring Costs for Decision Making in Service Companies	p. 136
Cost Allocation and Business Strategy	p. 160
The Reasons for Cost Allocation	p. 161
Volume-Based Allocation: The Traditional Method	p. 161
Volume-Based Allocation: Two Examples	p. 164
The Problems With Volume-Based Allocation	p. 174
Cooper's Hierarchy	p. 175
Activity-Based Costing	p. 177
Cost Allocation and Decision Making in the Service Sector	p. 181
Control, Measurement, and Evaluation	p. 205
The Role of Budgets in Decision Making	p. 206
Overview of the Master Budget	p. 207
Developing the Master Budget	p. 208
Developing a Sound Budgeting Culture	p. 221
Considerations in Implementing Budgets	p. 221
Behavioral Concerns in Budgeting	p. 222
Strategic Considerations in Budgeting	p. 226
Budgeting in Service Companies	p. 226
Evaluating Performance Within an Organization	p. 253
MetalArt: Performance Evaluation and the Manufacturing Process	p. 254
MetalArt: Cost and Quality Management	p. 257
Variance Analysis for Direct Materials and Direct Labor	p. 258
Limitations of Traditional Variance Analysis	p. 263
Quality Cost Concepts	p. 265
Taguchi's Quality Loss Function	p. 266
MetalArt--December 2003	p. 268
Statistical Process Control	p. 271
Performance Evaluation for Service Organizations	p. 273
Controlling Decisions in Decentralized Organizations	p. 299
The American Paper Company	p. 300
Theoretical Framework for Behavior Within Organizations	p. 302
Management of Decentralized Organizations	p. 303
Performance Evaluation Using ROI	p. 306
The Balanced Scorecard Approach	p. 312
Transfer Pricing	p. 315
Management of Decentralized Service Organizations	p. 320
Management Accounting in a Competitive Business Environment	p. 342
The New Competitive Environment	p. 343
Total Quality Management at Tuff Cut	p. 344
Principles of Just-in-Time Manufacturing	p. 348
The Theory of Constraints	p. 358
Service Organizations in a Global Business Environment	p. 363
Decisions About Capital Investments	p. 382
Factors Affecting Decisions	p. 383
Traditional Approaches	p. 386
The New Manufacturing Environment	p. 392
Making Sound Strategic Decisions	p. 394
Responding to Bad Capital Investment Decisions	p. 399
Opportunity Costs in Capital Investment Decisions	p. 401
Capital Investment Decisions in Service Companies	p. 401
Expanded Topics	p. 421
Internal Control	p. 422
Internal Control Objectives	p. 423
Internal Control and Human Behavior	p. 424
The Structure of an Internal Control System	p. 426
Other Aspects of Internal Control Structure	p. 431
Internal Auditing	p. 436
Closer Look at Service Organizations	p. 452
Background and Environment of Stonebrook Medical Center	p. 453
Modern Cost Management Systems for Service Organizations	p. 454
Performance Measurement and Cost Management Strategies in the Service Environment	p. 463
The Japanese Perspective	p. 488
Confrontation Strategy and the Survival Triplet	p. 489
Techniques to Control Future Costs	p. 494
Techniques to Control Current Costs	p. 499
Service Organizations	p. 501
Future and Present Value	p. 1
A Short Introduction to Excel	p. 3
Glossary	p. 1
Index	p. 1
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