Management Accounting: Concepts and ApplicationsSkousen introduces students to basic accounting concepts, excites them by using lots of real world examples (both U.S. and international), provides some basic accounting knowledge, and then shows how accounting is used and analyzed in actual case situations.Designed for the first introductory course taught at two- and four-year schools that prefer equal coverage of financial and managerial topics, this book does not take an encyclopedic approach to every possible nuance of financial statement preparation or alternative way to perform accounting functions. |
Contents
FOUNDATIONS OF MANAGEMENT ACCOUNTING | 1 |
Manufacturing Cost Systems | 11 |
Merchandising and Service Cost Systems | 25 |
Copyright | |
7 other sections not shown
Common terms and phrases
activity-based costing allocated amount applied manufacturing overhead asset turnover Balanced Scorecard break-even point calculate capital budgeting cash budget cash inflows company's computed CVP analysis differential costs direct labor hours direct materials economic order quantity employee ending inventory equivalent units evaluating EXPANDED MATERIAL Finished Goods Inventory fixed and variable fixed costs holding costs increase incurred internal rate Job order costing machine hours management accounting Manufacturing Overhead account manufacturing overhead costs margin income statement master budget materials price variance materials quantity variance net present value nonroutine decisions number of units operating opportunity costs percent performance measures period pounds process costing product costs product line purchased rate of return raw materials relevant range Reorder Point residual income return method Sales revenue standard cost system standard price sunk costs total cost total fixed costs unadjusted rate unit costs units of production variable costs variable manufacturing overhead Work-in-Process Inventory Work-in-Process Services