Accounting for Decision Making and ControlAccounting for Decision Making and Control provides students and managers with an understanding and appreciation of the strengths and limitations of an organization’s accounting system which allows them to be more intelligent users of these systems. The 6th edition provides a framework for thinking about accounting systems and a basis for analyzing proposed changes to these systems. The text demonstrates that managerial accounting is an integral part of the firm’s organizational architecture, not just an isolated set of computational topics. This new edition has improved its readability and accessibility to students. |
Contents
The Nature of Costs | 24 |
B Cost Variation | 31 |
CostVolumeProfit Analysis | 38 |
Copyright | |
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Common terms and phrases
absorption costing accounting system activity-based costing actual allocation base annual average cost balanced scorecard batch bonus Calculate cash flows changes charged corporate cost allocations cost center cost systems customers decision control decision management decision rights depreciation direct costs direct labor hours direct materials discount division employees estimates example expected expenses factory overhead firm firm's fixed costs Fixed overhead flexible budget incentive income statement increase incurred interest rate internal inventory investment lease machine hours manufacturing overhead marginal cost method million net present value net realizable value number of units operating operating leverage opportunity cost organization organizational architecture output overhead costs overhead rate percent performance measures plant present value problem product costs profit centers purchase quantity rate of return reports Required revenues selling senior management service department sold standard cost Table taxes total cost transfer price variable cost variable overhead variance volume