Managerial Accounting: Tools for Business Decision Making, 5th Edition

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  • Edition: 5th
  • Format: Hardcover
  • Copyright: 2009-10-01
  • Publisher: Wiley
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Many corporate managers struggle to see the relevance of accounting in their everyday responsibilities. Weygandt shows them how managerial accounting information fits in the larger context of business so they are better able to understand the important concepts. The new Do It! feature reinforces the basics by providing quick-hitting examples of brief exercises. The chapters also incorporate the All About You (AAY) feature as well as the Accounting Across the Organization (AAO) boxes that highlight the impact of accounting concepts. With these features, readers will have numerous opportunities to think about what they have just read and then apply that knowledge to sample problems.

Table of Contents

Managerial Accoung
Managerial Accounting Basics
Managerial Cost Concepts
Manufacturing Costs in Financial Statements
Managerial Accounting Today
Appendix: Accounting Cycle for a Manufacturing Company
Job Order Costing
Cost Accounting Systems
Job Order Cost Flow
Summary of Job Order Cost Flows
Reporting Job Cost Data
Process Costing
The Nature of Process Cost Systems
Equivalent Units
Comprehensive Example of Process Costing
Appendix: FIFO Method
Activity-Based Costing
Traditional Costing and Activity-Based Costing
Example of Traditional Costing versus ABC
Activity-Based Costing: A Closer Look
Activity-Based Costing in Service Industries
Appendix: Just-in-Time Processing
Cost Behavior Analysis
Cost-Volume-Profit Analysis
Cost-Volume-Profit Analysis: Additional Issues
Cost-Volume-Profit (CVP) Review
Sales Mix
Cost Structure and Operating Leverage
Appendix: Absorption Costing versus Variable Costing
Incremental Analysis
Management's Decision-Making Process
Types of Incremental Analysis
Other Considerations in Decision Making
External Sales
Target Costing
Cost-Plus Pricing
Variable-Cost Pricing
Time-and-Material Pricing
Internal Sales
Negotiated Transfer Prices
Cost-Based Transfer Prices
Market-Based Transfer Prices
Effect of Outsourcing on Transfer Pricing
Transfers Between Divisions in Different Countries
Appendix: Other Cost Approaches to Pricing
Budgetary Planning
Budgeting Basics
Preparing the Operating Budgets
Preparing the Financial Budgets
Budgeting in Nonmanufacturing Companies
Budgetary Control and Responsibility Accounting
The Concept of Budgetary Control
Static Budget Reports
Flexible Budgets
The Concept of Responsibility Accounting
Types of Responsibility Centers
Appendix: Residual Income-Another Performance Measurement
Standard Costs and Balanced Scorecard
The Need for Standards
Setting Standard Costs-A Difficult Task
Analyzing and Reporting Variances from Standards
Balanced Scorecard
Standard Cost Accounting System
A Closer Look at Overhead Variances
Planning for Capital Investments
The Capital Budgeting Evaluation Process
Cash Payback
Net Present Value Method
Additional Considerations
Other Capital Budgeting Techniques
Statement of Cash Flows
The Statement of Cash Flows: Usefulness and Format
Preparing the Statement of Cash Flows-Indirect Method
Using Cash Flows to Evaluate a Company
Using a Worksheet to Prepare the Statement of Cash Flows-Indirect Method
Statement of Cash Flows-Direct Method
Financial Statement Analysis
Basics of Financial Statement Analysis
Horizontal Analysis
Vertical Analysis
Ratio Analysis
Earning Power and Irregular Items
Quality of Earnings
Time Value of Money
Standards of Ethical Conduct for Management Accountants
Cases for Management Decision Making
Photo Credits
Company Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

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