Interactive Managerial Accounting Lab: Student Portable Version

Managerial accounting - an overview and an introduction; basic cost terms and concepts; job order costing systems; process costing - weighted average, FIFO and operation costing; activity-based costing systems and cost management systems; activity-based management - the new manufacturing environment, JIT and backflush costing systems; cost behaviour and estimation, cost behaviour patterns; cost volume profit analysis, tradition versus contribution margin income statements; budgeting; costing and performance measures, variance analysis, operational performance measures, standard costing systems; flexible budgets - overhead costs and overhead analysis, quality costs; responsibility accounting and segment reporting, absorption and variable costing; investment centres and transfer pricing; short term decision making; pricing decision; basic present value and future value computations, net present value and internal rate of return, net present value and time-adjusted rate of return, payback and accounting rate of return; taxes; joint cost allocation, service department allocation; financial statement analysis; the statement of cash flows.