Managerial Accounting

Managerial accounting and business environment. Part 1 The foundations: cost terms, system design, and cost behaviour; cost terms, concepts, 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 - a tool to aid decision making; profit planning; standard costs and the balanced scorecard; 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; income taxes in capital budgeting 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.