Introduction to Management AccountingNo prior accounting or business knowledge is needed to successfully complete this book. Accounting 4/E pays very careful attention to making accounting information interesting and relevant to the reader. A number of infographics, worked-out examples, charts, and illustrations visually reinforce material. The book provides insight and step-by-step instructions on how business decision makers use financial statements and other forms of accounting information. It illustrates how to navigate through accounting resources on the web. Emphasizes topics in depth while incorporating new real company examples. For those working within accounting or considering accounting/business profession or even those owning a small business. |
Contents
PART FIVE Quantitative Methods | 17 |
INTRODUCTION TO COSTVOLUME RELATIONS | 27 |
Uses and Limitations of CostVolume Analysis | 39 |
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Common terms and phrases
absorption costs accounting system actual administrative expenses alternative amount analysis annual assets Assume average book value break-even point Certified Management Accountants chapter Compute contribution approach contribution margin contribution-margin cost allocation cost objectives cost per unit cost-volume-profit department costs depreciation difference direct labor Direct material direct-labor-hours division effects efficiency variance evaluation example Exhibit expected Explain factory overhead fixed costs fixed expenses fixed manufacturing costs flexible budget flexible-budget variance gross margin income statement income tax increase inputs inventory investment machine management accounting master budget measure merchandise method million month net income net present value operating income opportunity cost organizations output predicted present value price variance problem product costs profit purchases rate of return relevant range Required revenue salaries sales volume Schedule selling and administrative selling price service department sold split-off standard Suppose top management total costs total fixed transfer price unit costs variable costs variable expenses variable overhead