Managerial and Cost Accounting
Publisher: Bookboon.com
Published: 2013
Description: This book is the sixth of seven books which introduces the basic principles of accounting. This book introduces managerial accounting, with a primary focus on internal business reporting, decision making, planning, strategy, budgets, and cost control.
Table of contents: title: Part 1. Introduction to Managerial Accounting; title: 1. Managerial Accounting; title: 1.1 Professional Certifi cations in Management Accounting; title: 2. Planning, Directing, and Controlling; title: 2.1 Decision Making; title: 2.2 Planning; title: 2.3 Strategy; title: 2.4 Positioning; title: 2.5 Budgets; title: 2.6 Directing; title: 2.6.1 Costing; title: 2.6.2 Production; title: 2.6.3 Analysis; title: 2.7 Controlling; title: 2.7.1 Monitor; title: 2.7.2 Scorecard; title: 3. Cost Components; title: 4. Product Versus Period Costs; title: 4.1 Period Costs; title: 5. Financial Statement Issues that are Unique to Manufacturers; title: 5.1 Schedule of Raw Materials; title: 5.2 Schedule of Work in Process; title: 5.3 Schedule of Cost of Goods Manufactured; title: 5.4 Schedule of Cost of Goods Sold; title: 5.5 The Income Statement; title: 5.6 Reviewing Cost of Flow Concepts for a Manufacturer; title: 5.7 Critical Thinking About Cost Flow; title: Part 2. Cost-Volume-Profi t and Business Scalability; title: 6. Cost Behavior; title: 6.1 The Nature of Costs; title: 6.2 Variable Costs; title: 6.3 Fixed Costs; title: 6.4 Business Implications of the Fixed Cost Structure; title: 6.5 Economies of Scale; title: 6.6 Dialing in Your Business Model; title: 7. Cost Behavior Analysis; title: 7.1 Mixed Costs; title: 7.2 High-Low Method; title: 7.3 Method of Least Squares; title: 7.4 Recap; title: 8. Break-Even and Target Income; title: 8.1 Contribution Margin; title: 8.2 Contribution Margin: Aggregated, per Unit, or Ratio?; title: 8.3 Graphic Presentation; title: 8.4 Break-Even Calculations; title: 8.5 Target Income Calculations; title: 8.6 Critical Thinking About CVP; title: 9. Sensitivity Analysis; title: 9.1 Changing Fixed Costs; title: 9.2 Changing Variable Costs; title: 9.3 Blended Cost Shifts; title: 9.4 Per Unit Revenue Shifts; title: 9.5 Margin Beware; title: 9.6 Margin Mathematics; title: 10. CVP for Multiple Products; title: 10.1 Multiple Products, Selling Costs, and Margin Management; title: 11. Assumptions of CVP; title: Part 3. Job Costing and Modern Cost Management Systems; title: 12. Basic Job Costing Concepts; title: 12.1 Cost Data Determination; title: 12.2 Conceptualizing Job Costing; title: 12.3 Tracking Direct Labor; title: 12.4 Tracking Direct Materials; title: 12.5 Tracking Overhead; title: 12.6 Job Cost Sheets; title: 12.7 Expanding the Illustration; title: 12.8 Another Expansion of the Illustration; title: 12.9 Database Versus Spreadsheets; title: 12.10 Moving Beyond the Conceptual Level; title: 13. Information Systems for the Job Costing Environment; title: 13.1 Direct Material; title: 13.2 Direct Labor; title: 13.3 Overhead and Cost Drivers; title: 14. Tracking Job Cost Within the Corporate Ledger; title: 14.1 Direct Material; title: 14.2 Direct Labor; title: 14.3 Applied Factory Overhead; title: 14.4 Overview; title: 14.5 Financial Statement Impact Scenarios; title: 14.6 Cost Flows to the Financial Statements; title: 14.7 Subsidiary Accounts; title: 14.8 Global Trade and Transfers; title: 15. Accounting for Actual and Applied Overhead; title: 15.1 The Factory Overhead Account; title: 15.2 Actual Overhead; title: 15.3 The Balance of Factory Overhead; title: 15.4 Underapplied Overhead; title: 15.5 Overapplied Overhead; title: 15.6 Infl uence of Gaap; title: 16. Job Costing in Service, Not For-Profi t, and Governmental Environments; title: 16.1 The Service Sector; title: 16.2 Capacity Utilization; title: 17. Modern Management of Costs and Quality; title: 17.1 Global Competition; title: 17.2 Kaizen; title: 17.3 Lean Manufacturing; title: 17.4 Just in Time Inventory; title: 17.5 Total Quality Management; title: 17.6 Six Sigma; title: 17.7 Reflection on Modern Cost Management; title: Part 4. Process Costing and Activity-Based Costing; title: 18. Process Costing; title: 18.1 Process Costing; title: 18.2 Comparing Job and Process Costing; title: 18.3 Introduction to the Cost of Production Report; title: 18.4 Job Costing Flows; title: 18.5 Process Costing Flows; title: 18.6 Job Costing Flows on Job Cost Sheets; title: 18.7 Process Costing Flows on Cost of Production Reports; title: 19. Equivalent Units; title: 19.1 Factors of Production; title: 19.2 An Illustration of Equivalent Units Calculations; title: 19.3 Cost per Equivalent Unit; title: 20. Cost Allocation to Completed Units and Units in Process; title: 20.1 Cost of Production Report; title: 20.2 Journal Entries; title: 20.3 Subsequent Departments; title: 20.4 The Big Picture; title: 20.5 FIFO Process Costing; title: 21. Activity-Based Costing; title: 21.1 Pros of ABC; title: 21.2 Cons of ABC; title: 21.3 The Reality of ABC; title: 21.4 A Closer Look at ABC Concepts; title: 21.5 The Steps to Implement ABC; title: 21.6 A Simple Analogy; title: 21.7 A Case Study in ABC; title: 21.8 Study Process and Costs; title: 21.9 Identify Activities; title: 21.10 Determine Traceable Costs and Allocation Rates; title: 21.11 Assign Costs to Activities; title: 21.12 Determine Per-Activity Allocation Rates; title: 21.13 Apply Costs to Cost Objects; title: 21.14 What Just Happened?; title: 21.15 A Great Tool, But not a Panacea