Managerial Accounting

Managerial accounting and the business environment. Part 1 The foundation: cost terms, systems design, and cost behaviour; cost terms, systems design, and classifications; systems design - job-order costing; systems design - process costing; cost behaviour - analysis and use. Part 2 The central theme: planning and control: cost-volume-profit relationships; variable costing - a tool for management; activity-based costing profit planning; standard costs and the balanced scorecard; flexible budgets and overhead analysis; segment reporting 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. Appendices: quality management; pricing products and services.