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Chapter 1 Introduction to Managerial Accounting |
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2 | (40) |
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FOCUS COMPANY: California Pizza Kitchen |
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3 | (1) |
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Organization of the Chapter |
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4 | (1) |
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Role of Managerial Accounting in Organizations |
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5 | (1) |
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Comparison of Financial and Managerial Accounting |
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5 | (1) |
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6 | (2) |
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8 | (2) |
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Ethics and the Sarbanes-Oxley Act |
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10 | (2) |
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Sustainability Accounting |
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12 | (2) |
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Role of Cost in Managerial Accounting |
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14 | (1) |
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14 | (1) |
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Direct Versus Indirect Costs |
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15 | (2) |
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Variable Versus Fixed Costs |
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17 | (2) |
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Manufacturing Versus Nonmanufacturing Costs |
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19 | (1) |
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Product Versus Period Costs |
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20 | (1) |
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Relevant Versus Irrelevant Costs |
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20 | (3) |
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23 | (3) |
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26 | (16) |
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Chapter 2 Job Order Costing |
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42 | (60) |
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FOCUS COMPANY: Toll Brothers Inc. |
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43 | (1) |
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Organization of the Chapter |
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44 | (1) |
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Job Order versus Process Costing |
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44 | (1) |
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45 | (1) |
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46 | (1) |
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Assign Manufacturing Costs to Jobs |
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47 | (1) |
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Manufacturing Cost Categories |
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47 | (1) |
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Materials Requisition Form |
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48 | (1) |
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Direct Labor Time Tickets |
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49 | (1) |
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49 | (1) |
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Predetermined Overhead Rates |
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50 | (3) |
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Record the Flow of Costs in Job Order Costing |
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53 | (1) |
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Record the Purchase and Issue of Materials |
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54 | (1) |
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55 | (1) |
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Record Applied Manufacturing Overhead |
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56 | (1) |
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Transfer Costs to Finished Goods Inventory and Cost of Goods Sold |
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57 | (1) |
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Record Actual Manufacturing Overhead |
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58 | (1) |
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Record Nonmanufacturing Costs |
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59 | (1) |
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Overapplied or Underapplied Manufacturing Overhead |
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59 | (1) |
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Calculate Overapplied and Underapplied Manufacturing Overhead |
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59 | (1) |
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Dispose of Overapplied or Underapplied Manufacturing Overhead |
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60 | (2) |
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Prepare the Cost of Goods Manufactured Report |
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62 | (3) |
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Job Order Costing in a Service Firm |
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65 | (4) |
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69 | (4) |
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73 | (29) |
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Chapter 3 Process Costing |
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102 | (44) |
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FOCUS COMPANY: Fetzer Vineyards |
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103 | (1) |
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Organization of the Chapter |
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104 | (1) |
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Basic Concepts in Process Costing |
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104 | (1) |
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Flow of Costs in Process Costing |
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105 | (1) |
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Process Costing Production Report |
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106 | (2) |
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Prepare the Production Report (Weighted-Average Method) |
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108 | (6) |
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Step 1 Reconcile the Number of Physical Units |
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109 | (1) |
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Step 2 Convert Physical Units into Equivalent Units |
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109 | (3) |
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Step 3 Calculate Cost per Equivalent Unit |
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112 | (1) |
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Step 4 Reconcile the Total Cost of Work in Process Inventory |
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113 | (1) |
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Step 5 Prepare a Production Report |
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114 | (1) |
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Accounting for Subsequent Production Departments |
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114 | (12) |
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126 | (5) |
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131 | (15) |
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Chapter 4 Activity-Based Costing and Cost Management |
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146 | (50) |
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FOCUS COMPANY: Toyota Motor Corporation |
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147 | (2) |
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Organization of the Chapter |
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149 | (1) |
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Review of Volume-Based Cost Systems |
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150 | (2) |
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Step 1 Determine the Cost Driver |
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150 | (1) |
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Step 2 Calculate the Predetermined Overhead Rate |
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151 | (1) |
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Step 3 Assign Indirect Costs to Individual Products or Services |
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151 | (1) |
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Activity-Based Costing (ABC) |
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152 | (11) |
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Step 1 Identify and Classify Activities |
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154 | (1) |
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Step 2 Form Activity Cost Pools and Assign Indirect Costs to Each Pool |
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155 | (1) |
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Step 3 Select a Cost Driver for Each Activity Cost Pool |
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156 | (1) |
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Step 4 Assign Indirect Costs to Products or Services Based on Their Activity Demands |
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157 | (6) |
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Activity-Based Costing in Service Industries |
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163 | (3) |
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166 | (1) |
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Activity-Based Management (ABM) |
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166 | (1) |
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167 | (1) |
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167 | (2) |
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Total Quality Management (TQM) |
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169 | (1) |
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Target Costing and Life Cycle Cost Management |
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170 | (1) |
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171 | (1) |
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172 | (3) |
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175 | (21) |
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196 | (48) |
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FOCUS COMPANY: Starbucks Coffee |
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197 | (1) |
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Organization of the Chapter |
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198 | (1) |
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199 | (1) |
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199 | (1) |
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199 | (1) |
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199 | (2) |
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201 | (1) |
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201 | (1) |
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202 | (1) |
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203 | (1) |
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204 | (2) |
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206 | (3) |
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Least-Squares Regression Method |
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209 | (2) |
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Summary of Linear Methods |
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211 | (1) |
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Contribution Margin Approach |
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212 | (1) |
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213 | (1) |
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Contribution Margin Ratio |
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214 | (6) |
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220 | (3) |
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223 | (21) |
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Chapter 6 Cost-Volume-Profit Analysis |
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244 | (44) |
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FOCUS COMPANY: Starbucks Coffee |
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245 | (1) |
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Organization of the Chapter |
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246 | (1) |
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Cost-Volume-Profit Analysis |
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246 | (1) |
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Assumptions of Cost-Volume-Profit Analysis |
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247 | (1) |
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247 | (1) |
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248 | (1) |
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249 | (1) |
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Unit Contribution Margin Method |
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250 | (1) |
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Contribution Margin Ratio Method |
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251 | (2) |
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Apply Cost-Volume-Profit Analysis |
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253 | (1) |
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253 | (1) |
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254 | (3) |
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Changes in Cost Structure |
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257 | (1) |
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Degree of Operating Leverage |
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258 | (3) |
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Multiproduct Cost-Volume-Profit Analysis |
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261 | (1) |
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Weighted-Average Contribution Margin |
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261 | (3) |
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Weighted-Average Contribution Margin Ratio |
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264 | (2) |
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266 | (4) |
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270 | (18) |
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Chapter 7 Incremental Analysis for Short-Term Decision Making |
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288 | (44) |
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289 | (1) |
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Organization of the Chapter |
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290 | (1) |
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Managerial Decision-Making Framework |
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290 | (1) |
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Steps in the Decision-Making Process |
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290 | (3) |
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Relevant Versus Irrelevant Costs and Benefits |
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293 | (1) |
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Opportunity Costs and Capacity Considerations |
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293 | (1) |
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294 | (4) |
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298 | (2) |
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300 | (3) |
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Sell-or-Process-Further Decisions |
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303 | (1) |
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Summary of Incremental Analysis |
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304 | (1) |
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Prioritize Products with Constrained Resources |
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305 | (2) |
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307 | (4) |
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311 | (21) |
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Chapter 8 Budgetary Planning |
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332 | (40) |
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FOCUS COMPANY: Cold Stone Creamery |
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333 | (1) |
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Organization of the Chapter |
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334 | (1) |
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Role of Budgets in Organizations |
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334 | (1) |
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Planning and Control Cycle |
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334 | (1) |
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335 | (1) |
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Behavioral Effects of Budgets |
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335 | (2) |
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Components of the Master Budget |
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337 | (2) |
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Prepare the Operating Budgets |
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339 | (1) |
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339 | (1) |
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339 | (1) |
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Raw Materials Purchases Budget |
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340 | (1) |
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341 | (1) |
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Manufacturing Overhead Budget |
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342 | (1) |
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Budgeted Cost of Goods Sold |
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343 | (1) |
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Selling and Administrative Expense Budget |
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343 | (1) |
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Budgeted Income Statement |
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344 | (1) |
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Prepare the Cash Budget and Merchandise Purchases Budget |
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344 | (1) |
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345 | (1) |
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346 | (1) |
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347 | (2) |
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349 | (1) |
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Budgeting in Nonmanufacturing Firms |
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350 | (2) |
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352 | (5) |
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357 | (15) |
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Chapter 9 Standard Costing and Variance Analysis |
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372 | (48) |
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FOCUS COMPANY: Cold Stone Creamery |
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373 | (1) |
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Organization of the Chapter |
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374 | (1) |
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374 | (1) |
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Ideal Versus Attainable Standards |
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374 | (1) |
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375 | (1) |
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375 | (1) |
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Master Budget Versus Flexible Budget |
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376 | (2) |
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378 | (1) |
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Using the Flexible Budget to Compute Spending and Volume Variances |
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379 | (1) |
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380 | (2) |
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Direct Materials Variances |
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382 | (2) |
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384 | (2) |
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Variable Manufacturing Overhead Variances |
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386 | (3) |
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Summary of Variable Cost Variances |
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389 | (2) |
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Fixed Overhead Spending Variance |
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391 | (1) |
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Fixed Overhead Volume Variance |
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392 | (7) |
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399 | (4) |
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403 | (17) |
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Chapter 10 Decentralized Performance Evaluation |
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420 | (44) |
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FOCUS COMPANY: Apple Inc. |
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421 | (1) |
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Organization of the Chapter |
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422 | (1) |
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Decentralization of Responsibility |
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422 | (1) |
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Advantages and Disadvantages of Decentralization |
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423 | (2) |
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Types of Responsibility Centers |
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425 | (4) |
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Designing a Performance Evaluation System |
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429 | (1) |
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429 | (3) |
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Financial Performance Measures |
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432 | (8) |
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Limitations of Financial Performance Measures |
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440 | (1) |
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440 | (2) |
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442 | (1) |
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442 | (1) |
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443 | (1) |
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444 | (3) |
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447 | (17) |
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Chapter 11 Capital Budgeting |
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464 | (46) |
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FOCUS COMPANY: Apple Inc. |
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465 | (1) |
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Organization of the Chapter |
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466 | (1) |
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Capital Budgeting Process |
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466 | (1) |
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Capital Investment Decisions |
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467 | (1) |
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Accounting Rate of Return |
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468 | (1) |
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Net Cash Flow Versus Net Income |
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469 | (1) |
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470 | (2) |
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Discounted Cash Flow Methods |
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472 | (1) |
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472 | (2) |
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474 | (3) |
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477 | (2) |
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479 | (1) |
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Summary of Capital Budgeting Methods |
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479 | (2) |
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Applying NPV and Sensitivity Analysis |
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481 | (1) |
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Evaluating Mutually Exclusive Projects |
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481 | (3) |
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Prioritizing Independent Projects |
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484 | (9) |
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493 | (2) |
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495 | (15) |
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Chapter 12 Statement of Cash Flows |
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510 | (52) |
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FOCUS COMPANY: Under Armour, Inc. |
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511 | (1) |
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Organization of the Chapter |
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512 | (1) |
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512 | (1) |
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Business Activities and Cash Flows |
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512 | (1) |
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513 | (3) |
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Study the Accounting Methods |
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516 | (1) |
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Relationship to other Financial Statements |
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516 | (1) |
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Preparing the Statement of Cash Flows |
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517 | (9) |
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526 | (1) |
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527 | (2) |
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Operating Cash Flows Revisited (Direct Method) |
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529 | (7) |
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536 | (4) |
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540 | (22) |
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Chapter 13 Measuring and Evaluating Financial Performance |
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562 | (35) |
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563 | (1) |
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Organization of the Chapter |
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564 | (1) |
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564 | (1) |
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Horizontal, Vertical, and Ratio Analyses |
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564 | (1) |
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Study the Accounting Methods |
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565 | (1) |
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Horizontal (Trend) Computations |
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565 | (1) |
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Vertical (Common Size) Computations |
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565 | (3) |
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568 | (1) |
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569 | (1) |
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Interpreting Horizontal and Vertical Analyses |
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569 | (1) |
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Interpreting Ratio Analyses |
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570 | (5) |
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Underlying Accounting Decisions and Concepts |
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575 | (3) |
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578 | (2) |
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580 | (17) |
Glossary |
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597 | (8) |
Check Figures |
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605 | (4) |
Solutions to Multiple-Choice Questions |
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609 | (2) |
Business Index |
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611 | (3) |
Subject Index |
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614 | |