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Introduction
Preface
Patty Graybeal
1. Chapter 1
2. Chapter 1
3. Why It Matters
4. Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
5. Distinguish between Financial and Managerial Accounting
6. Explain the Primary Roles and Skills Required of Managerial Accountants
7. Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
8. Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
9. Why It Matters
10. Distinguish between Merchandising, Manufacturing, and Service Organizations
11. Identify and Apply Basic Cost Behavior Patterns
12. Estimate a Variable and Fixed Cost Equation and Predict Future Costs
13. Why It Matters
14. Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin
15. Calculate a Break-Even Point in Units and Dollars
16. Perform Break-Even Sensitivity Analysis for a Single Product Under Changing Business Situations
17. Perform Break-Even Sensitivity Analysis for a Multi-Product Environment Under Changing Business Situations
18. Calculate and Interpret a Company’s Margin of Safety and Operating Leverage
19. Why It Matters
20. Distinguish between Job Order Costing and Process Costing
21. Describe and Identify the Three Major Components of Product Costs under Job Order Costing
22. Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
23. Compute a Predetermined Overhead Rate and Apply Overhead to Production
24. Compute the Cost of a Job Using Job Order Costing
25. Determine and Dispose of Underapplied or Overapplied Overhead
26. Prepare Journal Entries for a Job Order Cost System
27. Explain How a Job Order Cost System Applies to a Nonmanufacturing Environment
28. Why It Matters
29. Compare and Contrast Job Order Costing and Process Costing
30. Explain and Identify Conversion Costs
31. Explain and Compute Equivalent Units and Total Cost of Production in an Initial Processing Stage
32. Explain and Compute Equivalent Units and Total Cost of Production in a Subsequent Processing Stage
33. Prepare Journal Entries for a Process Costing System
34. Why It Matters
35. Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method
36. Describe and Identify Cost Drivers
37. Calculate Activity-Based Product Costs
38. Compare and Contrast Traditional and Activity-Based Costing Systems
39. Compare and Contrast Variable and Absorption Costing
40. Why It Matters
41. Describe How and Why Managers Use Budgets
42. Prepare Operating Budgets
43. Prepare Financial Budgets
44. Prepare Flexible Budgets
45. Explain How Budgets Are Used to Evaluate Goals
46. Why It Matters
47. Explain How and Why a Standard Cost Is Developed
48. Compute and Evaluate Materials Variances
49. Compute and Evaluate Labor Variances
50. Compute and Evaluate Overhead Variances
51. Describe How Companies Use Variance Analysis
52. Why It Matters
53. Differentiate between Centralized and Decentralized Management
54. Describe How Decision-Making Differs between Centralized and Decentralized Environments
55. Describe the Types of Responsibility Centers
56. Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers
57. Why It Matters
58. Identify Relevant Information for Decision-Making
59. Evaluate and Determine Whether to Accept or Reject a Special Order
60. Evaluate and Determine Whether to Make or Buy a Component
61. Evaluate and Determine Whether to Keep or Discontinue a Segment or Product
62. Evaluate and Determine Whether to Sell or Process Further
63. Evaluate and Determine How to Make Decisions When Resources Are Constrained
64. Why It Matters
65. Describe Capital Investment Decisions and How They Are Applied
66. Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions
67. Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities
68. Use Discounted Cash Flow Models to Make Capital Investment Decisions
69. Compare and Contrast Non-Time Value-Based Methods and Time Value-Based Methods in Capital Investment Decisions
70. Why It Matters
71. Explain the Importance of Performance Measurement
72. Identify the Characteristics of an Effective Performance Measure
73. Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added
74. Describe the Balanced Scorecard and Explain How It Is Used
75. Why It Matters
76. Describe Sustainability and the Way It Creates Business Value
77. Identify User Needs for Information
78. Discuss Examples of Major Sustainability Initiatives
79. Future Issues in Sustainability
Appendix
Financial Statement Analysis
Time Value of Money
Suggested Resources
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