Bookboon, 2009. — 130 p. — ISBN: 978-87-7681-491-5.
This book is the sixth of seven books which introduces the basic principles of accounting. This book introduces managerial accounting, with a primary focus on internal business reporting, decision making, planning, strategy, budgets, and cost control. Cost-volume-profit analysis, variable cost, fixed costs, mixed costs are introduced. Break-even analysis, contributions margin, target income calculations, and sensitivity analysis are all discussed in detail. In addition, product costs, job costing, process costing, and activity-based costing are introduced.Content.
Part 1. Introduction to Managerial Accounting.
Managerial Accounting.
Planning, Directing, and Controlling.
Cost Components.
Product Versus Period Costs.
Financial Statement Issues that are Unique to Manufacturers.
Part 2. Cost-Volume-Profi t and Business Scalability.
Cost Behavior.
Cost Behavior Analysis.
Break-Even and Target Income.
Sensitivity Analysis.
CVP for Multiple Products.
Assumptions of CVP.
Part 3. Job Costing and Modern Cost Management Systems.
Basic Job Costing Concepts.
Information Systems for the Job Costing Environment.
Tracking Job Cost Within the Corporate Ledger.
Accounting for Actual and Applied Overhead.
Job Costing in Service, Not For-Profi t, and Governmental Environments.
Modern Management of Costs and Quality.
Part 4. Process Costing and Activity-Based Costing.
Process Costing.
Equivalent Units.
Cost Allocation to Completed Units and Units in Process.
Activity-Based Costing.
