Managerial accounting: an introduction to concepts, methods, and uses
Thomson/South-Western, 2004 - Business & Economics - 712 pages
This classic text for MBA programs offers balanced coverage of concepts, methods, and uses of managerial accounting with an increasingly strong emphasis on management decision-making. This approach helps focus on concepts and managerial uses of financial information rather than techniques of cost accounting. The current edition emphasizes international issues, strategic effects of decisions, ethics, and new management accounting trends. Also emphasized are process improvement, integration of financial reporting issues for management decision-making, and application of managerial accounting tools to the emerging service sector, government, and nonprofits in examples and problem material.
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activities activity-based costing activity-based management actual Administrative Costs allocation amount analysis assets Assume balance balanced scorecard bikes break-even point capacity cash flows chapter company's Compute contribution margin corporate cost behavior cost driver cost of capital cost per unit decisions depreciation differential direct materials discount division Early Horizons earnings economic value added employees ending inventory example Exhibit expenses financial model firm fixed costs Fixed Manufacturing flexible budget incentive income statement increase incurred investment just-in-time labor hours machine Management Accountants managerial accounting manufacturing costs manufacturing overhead master budget method month operating profit operating room opportunity cost organization output overhead costs percent performance measures period present value product costs purchase regression requires revenue sales volume self-study problem selling price semivariable setup sold standard total costs total quality management transfer price variable costs Variable Manufacturing variable overhead Work-in-Process