Introduction to Management Accounting
No 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.
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Applicability to Nonprofit Organizations
Management Accounting and Service Organizations
Management Accounting and Financial Accounting
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absorption costing accounting system actual administrative expenses alternative amount analysis annual assets Assume average balance sheet book value break-even point capital cash flows cash inflows chapter Compute contribution approach contribution margin conversion costs December 31 decision depreciation difference direct labor direct materials direct-labor cost division dollars earnings effects efficiency variance ending inventory equipment equity example Exhibit Explain factory overhead FIFO financial statements fixed costs fixed expenses fixed manufacturing flexible budget gross margin income statement income taxes increase investment liabilities LIFO machine management accounting manufacturing costs manufacturing overhead measure method million month operating income opportunity cost output payable performance physical units predicted present value Problem product costing purchase rate of return relevant Required retained income revenue salaries schedule selling and administrative selling price sold standard stockholders Suppose total costs transfer price unit costs variable costs variable expenses volume