» Từ khóa: financial accounting

This chapter introduces students to activity-based costing (ABC), which is a tool that has been embraced by a wide variety of service, manufacturing, and non-profit organizations. After studying chapter 7, you should be able to: Understand activity-based costing and how it differs from a traditional costing system, assign costs to cost pools using a first-stage allocation, compute activity rates for cost pools,...

 18 p fbu 23/06/2016 171 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Activity-based costing, Customer margins

Perhaps more than any other information, managers would like to know the profitability of their products, customers, and other business segments. Accordingly, this appendix provides a coherent framework for measuring profitability. It distinguishes between absolute profitability and relative profitability.

 15 p fbu 23/06/2016 136 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Absolute profitability

This chapter explains why managerial accounting is important to the future careers of all business students. It answers three questions: (1) What is managerial accounting? (2) Why does managerial accounting matter to your career? and (3) What skills do managers need to succeed? It also discusses the importance of ethics in business and corporate social responsibility.

 15 p fbu 23/06/2016 207 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Decision making, Process management

Appendix A - Pricing products and services. This appendix focuses on pricing products and services. It explains the economist’s approach to pricing, the absorption costing approach to cost-plus pricing, and the meaning of target costing.

 15 p fbu 23/06/2016 191 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Pricing products, Price elasticity

Managers need to assign costs to products to facilitate external financial reporting and internal decision making. This chapter illustrates an absorption costing approach to calculating product costs known as process costing.

 17 p fbu 23/06/2016 164 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Process costing, Comparing job-order

This chapter extends our study of management control by explaining how standard costs are used by managers to control costs. It demonstrates how to compute direct materials, direct labor, and variable overhead variances. The chapter also defines some nonfinancial performance measures that are frequently used by companies.

 24 p fbu 23/06/2016 184 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Standard costs, Variance analysis cycle

Managers need to assign costs to products to facilitate external financial reporting and internal decision making. This chapter illustrates an absorption costing approach to calculating product costs known as job-order costing.

 19 p fbu 23/06/2016 169 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Job-order costing, Job cost sheet

After studying chapter 5, you should be able to: Explain how changes in activity affect contribution margin and net operating income, prepare and interpret a cost volume-profit (CVP) graph and a profit graph, use the contribution margin ratio (CM ratio) to compute changes in contribution margin and net operating income resulting from changes in sales volume,...

 15 p fbu 23/06/2016 172 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Cost-volume-profit relationships, Contribution margin ratio

This chapter explores how budgets can be adjusted so that meaningful comparisons to actual costs can be made. This chapter include objectives: Prepare a flexible budget, prepare a report showing activity variances, prepare a report showing revenue and spending variances, prepare a performance report that combines activity variances and revenue and spending variances, prepare a flexible budget with more than one cost driver, understand common...

 22 p fbu 23/06/2016 151 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Flexible budgets, Performance analysis

Two general approaches are used for valuing inventories and cost of goods sold. One approach, called absorption costing, is generally used for external reporting purposes. The other approach, called variable costing, is preferred by some managers for internal decision making and must be used when an income statement is prepared in the contribution format. This chapter shows how these two methods differ from each other. It also explains how to...

 20 p fbu 23/06/2016 191 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Variable costing, Segment reporting

This chapter focuses on the steps taken by businesses to achieve their planned levels of profits - a process called profit planning. Profit planning is accomplished by preparing numerous budgets, which, when brought together, form an integrated business plan known as a master budget.

 13 p fbu 23/06/2016 160 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Profit planning, Responsibility accounting

Managers in large organizations have to delegate some decisions to those who are at lower levels in the organization. This chapter explains how responsibility accounting systems, return on investment (ROI), residual income, operating performance measures, and the balanced scorecard are used to help control decentralized organizations.

 15 p fbu 23/06/2016 182 2 Download

Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Performance measurement, Decentralized organizations