Managerial accounting.

Includes Glossary & Index.

Ch. 1. Introduction to Managerial Accounting. Goal of Managerial Accounting. Cost Terms used in Discussing Planning, Control, and Decision Making. Two Key Ideas in Managerial Accounting. The Controller as the Top Management Accountant --
Ch. 2. Manufacturing Costs and Job-Order Costing Systems. Cost Classifications for Manufacturing Firms. Product Cost Information in Financial Reporting and Decision Making. Balance Sheet Presentation of Product Costs. Flow of Product Costs in Accounts. Income Statement Presentation of Product Costs. Types of Costing Systems. Overview of Job Costs and Financial Statement Accounts. Job-Order Costing System. Using Job Cost Information at Eastlake Motorboat. Relation between the Costs of Jobs and the Flow of Costs in Work in Process, Finished Goods, and Cost of Goods Sold. Allocating Overhead to Jobs: A Closer Look. Job-Order Costing for Service Companies. Changes in Manufacturing Practices and Product Costing Systems --
Ch. 3. Process Costing. Difference between Job-Order and Process Costing Systems. Product and Cost Flows. Calculating Unit Costs. Calculating and Applying Cost Per Equivalent Unit: Mixing Department Example. Production Cost Report. Basic Steps in Process Costing: A Summary. Answering Stacy's Questions. Dealing with Transferred-in Cost: Packaging Department Example --
Ch. 4. Cost-Volume-Profit Analysis. Common Cost Behavior Patterns. Cost Estimation Methods. Cost-Volume-Profit Analysis. Multiproduct Analysis. Assumptions in C-V-P Analysis. Code Connect Example Revisited. Operating Leverage. Constraints --
App. Variable and Full Costing --
Ch. 5. Cost Allocation and Activity-Based Costing. Purposes of Cost Allocation. Process of Cost Allocation. Allocating Service Department Costs. Problems with Cost Allocation. Activity-Based Costing. Activity-Based Management (ABM). Remember: You Get what you Measure --
Ch. 6. The use of Cost Information and Management Decisions. Incremental Analysis. Summary of Incremental, Avoidable, Sunk, and Opportunity Costs. Decisions Involving Joint Costs. Qualitative Considerations in Decision Analysis --
App. Pricing Decisions --
Ch. 7. Capital Budgeting Decisions. Capital Budgeting Decisions. Evaluating Investment Opportunities: Time Value of Money Approaches. Estimating the Required Rate of Return. Additional Cash Flow Consideration. Cash Flows, Taxes, and the Depreciation Tax Shield. Simplified Approaches to Capital Budgeting. Conflict between Performance Evaluation and Capital Budgeting. Wilson Air Revisited --
App. A. The Internal Rate of Return with Unequal Cash Flows --
App. B. Criticisms of Time Value of Money Approaches to Evaluating Investments --
App. C. Present value Tables --
Ch. 8. Budgetary Planning and Control. Use of Budgets in Planning and Control. Developing the Budget. The Master Budget. Use of Computers in the Budget Planning Process. Budgetary Control. Investigating Budget Variances. Conflict in Planning and Control uses of Budgets. Evaluation, Measurement, and Management Behavior. The Preston Joystick Case --
Ch. 9. Standard Costs and Variance Analysis. Standard Costs. General Approach to Variance Analysis. Material Variances. Direct Labor Variances. Overhead Variances. Comprehensive Example Darrington Ice Cream. Investigation of Standard Cost Variances. Responsibility Accounting and Variances --
App. Recording Standard Costs in Accounts --
Ch. 10. Decentralization and Performance Evaluation. Why Firms Decentralize. Why Companies Evaluate the Performance of Subunits and Subunit Managers. Cost Centers, Profit Centers and Investment Centers. Evaluating Investment Centers with ROI. Problems of Over-Investment and Under-Investment. Other Measures Used in Evaluation --
App. Transfer Pricing.

This work aims to provide a complete learning system for managerial accounting. It contains case examples at the end of each chapter that aim to bring the real world into the classroom. It also provides an interactive CD-ROM that lets students test and expand their understanding.