Book Contents Navigation
About This Course
Course Contents at a Glance
Learning Outcomes
Faculty Resources Overview
Assignment Solutions
Faculty & Technical Support
Course Resources Overview
Pacing
Offline Content Access
PowerPoints
OHM Assessments
Assignments
Case Studies
Interactives
Accessibility Guide
Why It Matters: Nature of Managerial Accounting
Introduction to Managerial Accounting Defined
What is Managerial Accounting?
Business Trends
Managerial v. Financial Accounting
Introduction to Classifying Costs
Period and Product Costs
Direct and Indirect Costs
Prime and Conversion Costs
Fixed and Variable Costs
Introduction to Manufacturing Costs
Cost of Goods Manufactured
Cost of Goods Sold
Cost Accounting Systems Compared
Putting It Together: Nature of Managerial Accounting
Discussion: Recommendation to the Leadership Team
Assignment: Nature of Managerial Accounting
Why It Matters: Cost-Volume-Profit Analysis
Introduction to Cost-Volume-Profit Model
Variable and Fixed Costs
Contribution Margin
Introduction to Profitability Analysis
Break Even
Target Profit
Sensitivity Analysis
Margin of Safety
Operating Leverage
Sales Mix
Introduction to Costing Methods
Full Absorption Costing
Variable v. Absorption Costing
Putting It Together: Cost-Volume-Profit-Analysis
Discussion: Restaurant Entrepreneurs
Assignment: Stocking Stuffers, Inc.
Why It Matters: Standard Cost Systems
Introduction to Standard Costs
Components of a Standard Cost System
Benefits of a Standard Cost System
Standard Setting
Introduction to Direct Cost Variances
Direct Materials Cost Variance
Direct Materials Efficiency Variance
Direct Labor Cost Variance
Direct Labor Efficiency Variance
Introduction to Indirect Cost Variances
Variable Manufacturing Overhead Cost Variance
Variable Overhead Efficiency Variance
Fixed Manufacturing Overhead Variance
Putting it Together: Standard Cost Systems
Discussion: Cheesecake Factory
Assignment: BlueBlankets, Inc.
Why It Matters: Allocating Manufacturing Overhead
Introduction to Single-base System
Establishing Overhead Rate
Allocating Overhead Using a Single, Plant-wide Rate
Introduction to Multiple-base System
Defining Cost Pools
Establishing Multiple Overhead Rates
Allocating Overhead Using Departmental Rates
Introduction to Activity Based Costing
Defining Activities
Identifying Cost Drivers
Allocating Overhead Using ABC
Putting It Together: Allocating Manufacturing Overhead
Discussion: Allocating Manufacturing Overhead
Assignment: Canoe, Co.
Why It Matters: Job Order Costing
Introduction to Job Order Costing
Characteristics of Job Order Costing
Jobs v. Processes
Job Order Costing for a Service
Introduction to Accumulating and Assigning Costs
Direct Costs
Allocated Overhead
Subsidiary Ledgers and Records
Introduction to Month-end Reporting
Accounting for Completed Jobs
Over and Under-allocated Overhead
Putting it Together: Job Order Costing
Discussion: The Case of the Busted Blockbuster
Assignment: Big Pots
Why It Matters: Process Costing
Introduction to Process Costing
Application of Process Costing
Flow of Costs
Equivalent Units
Production Report - First Department - Weighted Average
Production Report - Subsequent Department - Weighted Average
Production Report - FIFO
Journal Entries
Analysis and Decision-making
Putting it Together: Process Costing
Discussion: Computer Tech
Assignment: Dino Catchers
Why It Matters: Budgeting for Operations
Introduction to Budgeting
Objectives of Budgeting
Types of Budgets
Budget Limitations
Introduction to Operating Budgets
Sales Budget
Production Budget
Direct Materials Budget
Direct Labor Budget
Manufacturing Overhead Budget
Cost of Goods Sold Budget
Selling, General, and Administrative Budget
Operating Budget - Manufacturing
Operating Budget - Merchandising
Operating Budget - Service
Introduction to Financial Budgets
Cash Budget
Budgeted Income Statement
Budgeted Balance Sheet
Introduction to Flexible Budget
Flexible Budget
Flexible Budget Variance
Sales Volume Variance
Flexible Budget Performance Report
Putting It Together: Budgeting for Operations
Discussion: Why Budget?
Assignment: RockChuck Company
Why It Matters: Short-term Decision Making
Introduction to Relevant Information
Financial Information
Non-financial Information
Irrelevant Information
Opportunity Costs
Introduction to Pricing Decisions
Market Forces
Target Pricing
Cost-plus Pricing
Special Pricing Issues
Introduction to Product Mix
Segments
Fixed Costs
Constraints
Introduction to Internal Pricing
Transfer Pricing
Outsourcing
Sell or Process Further
Putting It Together: Short-Term Decision Making
Discussion: Supply and Demand
Assignment: RareTerra, Inc.
Why It Matters: Capital Investment Analysis
Introduction to the Capital Budgeting Process
The Capital Budgeting Process
Costs for Capital Budgeting Analysis
Cash Flows
Introduction to Essential Elements of Capital Analysis
Time Constraints
Time Value of Money
Discount Rates
Taxes and Depreciation
Introduction to Basic Capital Budgeting Tools
Simple Payback
Discounted Payback
Accounting Rate of Return
Introduction to Advanced Capital Budgeting Tools
Net Present Value
Internal Rate of Return
Profitability Index
Putting It Together: Capital Investment Analysis
Discussion: Independent Forklift
Assignment: Right Smart Bowling
Why It Matters: Responsibility Accounting
Introduction to Decentralization
Managing Decentralized Operations
Leading Indicators
Controllable Costs
Introduction to Responsibility Centers
Cost Centers
Profit Centers
Revenue Centers
Investment Centers
Introduction to Managing Performance
Budget Variances
Key Performance Indicators
Balanced Scorecard
Putting It Together: Responsibility Accounting
Discussion: Ben & Jerry's
Assignment: Big Boats, Inc.
Appendix
This is where you can add appendices or other back matter.
Previous/next navigation