Managerial Accounting: Text & Workbook

Part 1 The foundation: cost terms, cost behaviour, and systems design; managerial accounting and the business environment; cost terms, concepts and classifications; design - job-order costing; systems design - process costing; systems design - activity based costing and quality management; cost behaviour - analysis and use. Part 2 The central theme - planning and cost control; cost-volume-profit relationships; variable costing - a tool for management; profit planning; standard cost and operating performance measures; flexible budgets and overhead analysis; segment reporting, profitability analysis, and decentralization. Part 3 The capstone - using cost data in decision making: relevant costs for decision making; capital budgeting decisions; further aspects of investment decisions. Part 4 Selected topics for further study: service department costing - an activity approach; "how well am I doing?" statement of cash flows; "how well am I doing?" financial statement analysis. Appendix - pricing products and services.