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Managerial Accounting 3rd edition [Kietas viršelis]

3.25/5 (16 ratings by Goodreads)
  • Formatas: Hardback, 656 pages, aukštis x plotis x storis: 285x229x28 mm, weight: 1515 g, 109 Illustrations
  • Išleidimo metai: 16-Feb-2016
  • Leidėjas: McGraw-Hill Inc.,US
  • ISBN-10: 0077826485
  • ISBN-13: 9780077826482
  • Formatas: Hardback, 656 pages, aukštis x plotis x storis: 285x229x28 mm, weight: 1515 g, 109 Illustrations
  • Išleidimo metai: 16-Feb-2016
  • Leidėjas: McGraw-Hill Inc.,US
  • ISBN-10: 0077826485
  • ISBN-13: 9780077826482
Whitecotton, Managerial Accounting 3e and Connect present an integrated and proven solution designed to help attain course goals of student readiness and motivation, comprehension of content, and application of key concepts. Whitecotton,Managerial Accounting 3e addresses the reality of students taking the managerial accounting course: the majority of them will not become accounting majors and accountants; instead they will use accounting information in their professional livesto make business decisions. Therefore, the greatest challenges instructors have are to engage these students in the managerial accounting course, keep the students motivated throughout the course, and teach them accounting in a way that connects conceptual understanding to the real world, so students will be able to analyze and apply their managerial accounting knowledge successfully in careers as managers in the world of business. Whitecotton 3e will engage and motivate students by presenting accounting in the context of real, recognizable companies like Apple, Starbucks, and California Pizza Kitchen, then integrate those companies throughout the chapters. This will allow students to see accounting information being used to make real business decisions in companies that are part of their lives, helping them connect their learning to the real world.

McGraw-Hill Connect Accounting provides a complete digital solution with a robust online learning and homework management system, an integrated media-rich eBook, assignable end-of-chapter material, algorithmic functionality, and reporting capabilities.

Contained within Connect Accounting is McGraw-Hill’s SmartBook, the first and only adaptive eBook on the market, which is designed to help students learn faster, study more efficiently, and retain more knowledge for greater success. In addition, Guided Examples provide students with narrated and animated, step-by-step walkthroughs of algorithmic versions of assigned exercises.In addition, Interactive Presentations deliver learning objectives in an interactive environment, giving students access to course-critical content anytime, anywhere.Auto-Graded Excel Simulations, assignable within Connect Accounting, allow students to practice their Excel skills—such as basic formulas and formatting—within the context of accounting. These questions feature animated, narrated Help and Show Me tutorials (when enabled), as well as automatic feedback and grading for both students and professors.

Chapter 1 Introduction to Managerial Accounting
2(40)
FOCUS COMPANY: California Pizza Kitchen
3(1)
Organization of the
Chapter
4(1)
Role of Managerial Accounting in Organizations
5(1)
Comparison of Financial and Managerial Accounting
5(1)
Functions of Management
6(2)
Types of Organizations
8(2)
Ethics and the Sarbanes-Oxley Act
10(2)
Sustainability Accounting
12(2)
Role of Cost in Managerial Accounting
14(1)
Cost Terminology
14(1)
Direct Versus Indirect Costs
15(2)
Variable Versus Fixed Costs
17(2)
Manufacturing Versus Nonmanufacturing Costs
19(1)
Product Versus Period Costs
20(1)
Relevant Versus Irrelevant Costs
20(3)
Review the
Chapter
23(3)
Practice Material
26(16)
Chapter 2 Job Order Costing
42(60)
FOCUS COMPANY: Toll Brothers Inc.
43(1)
Organization of the
Chapter
44(1)
Job Order versus Process Costing
44(1)
Process Costing
45(1)
Job Order Costing
46(1)
Assign Manufacturing Costs to Jobs
47(1)
Manufacturing Cost Categories
47(1)
Materials Requisition Form
48(1)
Direct Labor Time Tickets
49(1)
Job Cost Sheet
49(1)
Predetermined Overhead Rates
50(3)
Record the Flow of Costs in Job Order Costing
53(1)
Record the Purchase and Issue of Materials
54(1)
Record Labor Costs
55(1)
Record Applied Manufacturing Overhead
56(1)
Transfer Costs to Finished Goods Inventory and Cost of Goods Sold
57(1)
Record Actual Manufacturing Overhead
58(1)
Record Nonmanufacturing Costs
59(1)
Overapplied or Underapplied Manufacturing Overhead
59(1)
Calculate Overapplied and Underapplied Manufacturing Overhead
59(1)
Dispose of Overapplied or Underapplied Manufacturing Overhead
60(2)
Prepare the Cost of Goods Manufactured Report
62(3)
Job Order Costing in a Service Firm
65(4)
Review the
Chapter
69(4)
Practice Material
73(29)
Chapter 3 Process Costing
102(44)
FOCUS COMPANY: Fetzer Vineyards
103(1)
Organization of the
Chapter
104(1)
Basic Concepts in Process Costing
104(1)
Flow of Costs in Process Costing
105(1)
Process Costing Production Report
106(2)
Prepare the Production Report (Weighted-Average Method)
108(6)
Step 1 Reconcile the Number of Physical Units
109(1)
Step 2 Convert Physical Units into Equivalent Units
109(3)
Step 3 Calculate Cost per Equivalent Unit
112(1)
Step 4 Reconcile the Total Cost of Work in Process Inventory
113(1)
Step 5 Prepare a Production Report
114(1)
Accounting for Subsequent Production Departments
114(12)
Review the
Chapter
126(5)
Practice Material
131(15)
Chapter 4 Activity-Based Costing and Cost Management
146(50)
FOCUS COMPANY: Toyota Motor Corporation
147(2)
Organization of the
Chapter
149(1)
Review of Volume-Based Cost Systems
150(2)
Step 1 Determine the Cost Driver
150(1)
Step 2 Calculate the Predetermined Overhead Rate
151(1)
Step 3 Assign Indirect Costs to Individual Products or Services
151(1)
Activity-Based Costing (ABC)
152(11)
Step 1 Identify and Classify Activities
154(1)
Step 2 Form Activity Cost Pools and Assign Indirect Costs to Each Pool
155(1)
Step 3 Select a Cost Driver for Each Activity Cost Pool
156(1)
Step 4 Assign Indirect Costs to Products or Services Based on Their Activity Demands
157(6)
Activity-Based Costing in Service Industries
163(3)
Cost Management Methods
166(1)
Activity-Based Management (ABM)
166(1)
Abm and Sustainability
167(1)
Just-in-Time (JIT)
167(2)
Total Quality Management (TQM)
169(1)
Target Costing and Life Cycle Cost Management
170(1)
Summary of ABC and ABM
171(1)
Review the
Chapter
172(3)
Practice Material
175(21)
Chapter 5 Cost Behavior
196(48)
FOCUS COMPANY: Starbucks Coffee
197(1)
Organization of the
Chapter
198(1)
Cost Behavior Patterns
199(1)
Relevant Range
199(1)
Variable Costs
199(1)
Fixed Costs
199(2)
Step Costs
201(1)
Mixed Costs
201(1)
Estimate Cost Behavior
202(1)
Linear Assumption
203(1)
Scattergraph
204(2)
High-Low Method
206(3)
Least-Squares Regression Method
209(2)
Summary of Linear Methods
211(1)
Contribution Margin Approach
212(1)
Unit Contribution Margin
213(1)
Contribution Margin Ratio
214(6)
Review the
Chapter
220(3)
Practice Material
223(21)
Chapter 6 Cost-Volume-Profit Analysis
244(44)
FOCUS COMPANY: Starbucks Coffee
245(1)
Organization of the
Chapter
246(1)
Cost-Volume-Profit Analysis
246(1)
Assumptions of Cost-Volume-Profit Analysis
247(1)
CVP Graph
247(1)
Basic CVP Analysis
248(1)
Profit Equation Method
249(1)
Unit Contribution Margin Method
250(1)
Contribution Margin Ratio Method
251(2)
Apply Cost-Volume-Profit Analysis
253(1)
Margin of Safety
253(1)
CVP for Decision Making
254(3)
Changes in Cost Structure
257(1)
Degree of Operating Leverage
258(3)
Multiproduct Cost-Volume-Profit Analysis
261(1)
Weighted-Average Contribution Margin
261(3)
Weighted-Average Contribution Margin Ratio
264(2)
Review the
Chapter
266(4)
Practice Material
270(18)
Chapter 7 Incremental Analysis for Short-Term Decision Making
288(44)
FOCUS COMPANY: Ikea
289(1)
Organization of the
Chapter
290(1)
Managerial Decision-Making Framework
290(1)
Steps in the Decision-Making Process
290(3)
Relevant Versus Irrelevant Costs and Benefits
293(1)
Opportunity Costs and Capacity Considerations
293(1)
Special-Order Decisions
294(4)
Make-or-Buy Decisions
298(2)
Keep-or-Drop Decisions
300(3)
Sell-or-Process-Further Decisions
303(1)
Summary of Incremental Analysis
304(1)
Prioritize Products with Constrained Resources
305(2)
Review the
Chapter
307(4)
Practice Material
311(21)
Chapter 8 Budgetary Planning
332(40)
FOCUS COMPANY: Cold Stone Creamery
333(1)
Organization of the
Chapter
334(1)
Role of Budgets in Organizations
334(1)
Planning and Control Cycle
334(1)
Benefits of Budgeting
335(1)
Behavioral Effects of Budgets
335(2)
Components of the Master Budget
337(2)
Prepare the Operating Budgets
339(1)
Sales Budget
339(1)
Production Budget
339(1)
Raw Materials Purchases Budget
340(1)
Direct Labor Budget
341(1)
Manufacturing Overhead Budget
342(1)
Budgeted Cost of Goods Sold
343(1)
Selling and Administrative Expense Budget
343(1)
Budgeted Income Statement
344(1)
Prepare the Cash Budget and Merchandise Purchases Budget
344(1)
Budgeted Cash Receipts
345(1)
Budgeted Cash Payments
346(1)
Cash Budget
347(2)
Budgeted Balance Sheet
349(1)
Budgeting in Nonmanufacturing Firms
350(2)
Review the
Chapter
352(5)
Practice Material
357(15)
Chapter 9 Standard Costing and Variance Analysis
372(48)
FOCUS COMPANY: Cold Stone Creamery
373(1)
Organization of the
Chapter
374(1)
Standard Cost Systems
374(1)
Ideal Versus Attainable Standards
374(1)
Types of Standards
375(1)
Standard Cost Card
375(1)
Master Budget Versus Flexible Budget
376(2)
Variance Analysis
378(1)
Using the Flexible Budget to Compute Spending and Volume Variances
379(1)
Variable Cost Variances
380(2)
Direct Materials Variances
382(2)
Direct Labor Variances
384(2)
Variable Manufacturing Overhead Variances
386(3)
Summary of Variable Cost Variances
389(2)
Fixed Overhead Spending Variance
391(1)
Fixed Overhead Volume Variance
392(7)
Review the
Chapter
399(4)
Practice Material
403(17)
Chapter 10 Decentralized Performance Evaluation
420(44)
FOCUS COMPANY: Apple Inc.
421(1)
Organization of the
Chapter
422(1)
Decentralization of Responsibility
422(1)
Advantages and Disadvantages of Decentralization
423(2)
Types of Responsibility Centers
425(4)
Designing a Performance Evaluation System
429(1)
Balanced Scorecard
429(3)
Financial Performance Measures
432(8)
Limitations of Financial Performance Measures
440(1)
Transfer Pricing
440(2)
Market-Price Method
442(1)
Cost-Based Method
442(1)
Negotiation
443(1)
Review the
Chapter
444(3)
Practice Material
447(17)
Chapter 11 Capital Budgeting
464(46)
FOCUS COMPANY: Apple Inc.
465(1)
Organization of the
Chapter
466(1)
Capital Budgeting Process
466(1)
Capital Investment Decisions
467(1)
Accounting Rate of Return
468(1)
Net Cash Flow Versus Net Income
469(1)
Payback Period
470(2)
Discounted Cash Flow Methods
472(1)
Time Value of Money
472(2)
Net Present Value
474(3)
Internal Rate of Return
477(2)
Profitability Index
479(1)
Summary of Capital Budgeting Methods
479(2)
Applying NPV and Sensitivity Analysis
481(1)
Evaluating Mutually Exclusive Projects
481(3)
Prioritizing Independent Projects
484(9)
Review the
Chapter
493(2)
Practice Material
495(15)
Chapter 12 Statement of Cash Flows
510(52)
FOCUS COMPANY: Under Armour, Inc.
511(1)
Organization of the
Chapter
512(1)
Understand the Business
512(1)
Business Activities and Cash Flows
512(1)
Classifying Cash Flows
513(3)
Study the Accounting Methods
516(1)
Relationship to other Financial Statements
516(1)
Preparing the Statement of Cash Flows
517(9)
Evaluate the Results
526(1)
Evaluating Cash Flows
527(2)
Operating Cash Flows Revisited (Direct Method)
529(7)
Review the
Chapter
536(4)
Practice Material
540(22)
Chapter 13 Measuring and Evaluating Financial Performance
562(35)
FOCUS COMPANY: Lowe's
563(1)
Organization of the
Chapter
564(1)
Understand the Business
564(1)
Horizontal, Vertical, and Ratio Analyses
564(1)
Study the Accounting Methods
565(1)
Horizontal (Trend) Computations
565(1)
Vertical (Common Size) Computations
565(3)
Ratio Computations
568(1)
Evaluate the Results
569(1)
Interpreting Horizontal and Vertical Analyses
569(1)
Interpreting Ratio Analyses
570(5)
Underlying Accounting Decisions and Concepts
575(3)
Review the
Chapter
578(2)
Practice Material
580(17)
Glossary 597(8)
Check Figures 605(4)
Solutions to Multiple-Choice Questions 609(2)
Business Index 611(3)
Subject Index 614
Stacey Whitecotton is an associate professor of accounting in the W. P. Carey School of Business at Arizona State University. She received her PhD and Masters of Accounting from The University of Oklahoma and her Bachelors in Business Administration from Texas Tech University. Stacey teaches managerial accounting and has received numerous awards for outstanding teaching at the undergraduate and graduate level. Stacey's research interests center around the use of decision aids to improve the decision-making behavior of financial analysts, managers, and auditors. Her research has been published in The Accounting Review, Organizational Behavior and Human Decision Processes, Behavioral Research in Accounting, Auditing: A Journal of Practice and Theory, and The Journal of Behavioral Decision Making. Stacey and her husband Mark enjoy traveling and the many outdoor activities Arizona has to offer with their two children, Riley and Carley.









Robert Libby is the David A. Thomas Professor of Accounting and Accounting Area Coordinator at Cornell University, where he teaches the introductory financial accounting course. He previously taught at the University of Illinois, Pennsylvania State University, the University of Texas at Austin, the University of Chicago, and the University of Michigan. He received his BS from Pennsylvania State University and his MAS and PhD from the University of Illinois; he also successfully completed the CPA exam (Illinois). Bob was selected as the AAA Outstanding Educator in 2000 and received the AAA Outstanding Service Award in 2006 and the AAA Notable Contributions to the Literature Award in 1985 and 1996. He has received the Core Faculty Teaching Award multiple times at Cornell. Bob is a widely published author and researcher specializing in behavioral accounting. He has published numerous articles in The Accounting Review; Journal of Accounting Research; Accounting, Organizations, and Society; and other accounting journals. He has held a variety of offices including vice president, in the American Accounting Association, and he is a member of the American Institute of CPAs and the editorial boards of The Accounting Review and Accounting, Organizations, and Society.









Fred Phillips is a Master Teacher and professor of introductory accounting at the University of Saskatchewan. He previously taught at the University of Texas at Austin and the University of Manitoba and has an undergraduate accounting degree, a CPA, a CA (Canada), and a Ph.D. from the University of Texas at Austin. Fred was a 2011 3M National Teaching Fellow and has received the L. S. Rosen Outstanding Educator Award, the American Accounting Associations Innovation in Auditing and Assurance Education Award, and the American Accounting Associations Award for Outstanding Research in Accounting Education. He is also a recipient of the Edwards M.P.A.cc Teaching Effectiveness Award and, for the third time, the University of Saskatchewan Student Unions Teaching Excellence Award. He has published research and instructional cases in Issues in Accounting Education and professional judgment studies in Journal of Accounting Research and Organizational Behavior and Human Decision Processes.