You are previewing Managerial Accounting 5th Edition.
O'Reilly logo
Managerial Accounting 5th Edition

Book Description

This text is an unbound, binder-ready edition.

w

Recognizing that most students will pursue careers as managers not accountants, Managerial Accounting, 5th edition by James Jiambalvo is designed to teach the fundamental ideas of managerial accounting while making direct connections between managerial accounting, techniques in the business world, and students' future careers. Students and instructors alike have praised this text's clear and concise writing style, to-the-point discussions, real world cases, managers' insights, illustrated ideas, and examples.

Managerial Accounting, 5th edition highlights decision making through incremental analysis and stresses that you "Get What You Measure" in each chapter. This new edition provides students with many opportunities to test their knowledge as they learn the concepts throughout each chapter.

Students learn to apply their knowledge to solving problems like real managers in the text and in WileyPLUS.

WileyPLUS sold separately from text.

Table of Contents

  1. Cover Page
  2. A Note to Students...
  3. Title Page
  4. Copyright
  5. About the Author
  6. Preface
    1. NEW IN THE FIFTH EDITION
    2. CHAPTER ORGANIZATION AND CONTENT
    3. TEACHING AND LEARNING COMPONENTS
    4. ONLINE RESOURCES
    5. STUDENT RESOURCES
  7. Acknowledgments
  8. Contents
  9. List of Cases
  10. Chapter 1: Managerial Accounting in the Information Age
    1. GOAL OF MANAGERIAL ACCOUNTING
    2. COST TERMS USED IN DISCUSSING PLANNING, CONTROL, AND DECISION MAKING
    3. TWO KEY IDEAS IN MANAGERIAL ACCOUNTING
    4. THE INFORMATION AGE AND MANAGERIAL ACCOUNTING
    5. ETHICAL CONSIDERATIONS IN MANAGERIAL DECISION MAKING
    6. THE CONTROLLER AS THE TOP MANAGEMENT ACCOUNTANT
    7. Summary of Learning Objectives
    8. Appendix: IMA STATEMENT OF ETHICAL PROFESSIONAL PRACTICE
    9. Review Problem 1
    10. Review Problem 2
    11. Key Terms
    12. Self-Assessment
    13. INTERACTIVE LEARNING
    14. QUESTIONS
    15. Exercises
    16. Problems
    17. CASES
  11. Chapter 2: Job-Order Costing for Manufacturing and Service Companies
    1. COST CLASSIFICATIONS FOR MANUFACTURING FIRMS
    2. PRODUCT COST INFORMATION IN FINANCIAL REPORTING AND DECISION MAKING
    3. BALANCE SHEET PRESENTATION OF PRODUCT COSTS
    4. FLOW OF PRODUCT COSTS IN ACCOUNTS
    5. INCOME STATEMENT PRESENTATION OF PRODUCT COSTS
    6. TYPES OF COSTING SYSTEMS
    7. OVERVIEW OF JOB COSTS AND FINANCIAL STATEMENT ACCOUNTS
    8. JOB-ORDER COSTING SYSTEM
    9. EASTLAKE REVISITED: USING JOB COST INFORMATION
    10. RELATION BETWEEN THE COSTS OF JOBS AND THE FLOW OF COSTS IN WORK IN PROCESS, FINISHED GOODS, AND COST OF GOODS SOLD
    11. ALLOCATING OVERHEAD TO JOBS: A CLOSER LOOK
    12. JOB-ORDER COSTING FOR SERVICE COMPANIES
    13. MODERN MANUFACTURING PRACTICES AND PRODUCT COSTING SYSTEMS
    14. Summary of Learning Objectives
    15. Review Problem 1
    16. Review Problem 2
    17. Key Terms
    18. Self-Assessment
    19. INTERACTIVE LEARNING
    20. QUESTIONS
    21. Exercises
    22. Problems
    23. CASES
  12. Chapter 3: Process Costing
    1. DIFFERENCE BETWEEN JOB-ORDER AND PROCESS COSTING SYSTEMS
    2. PRODUCT AND COST FLOWS
    3. CALCULATING UNIT COST
    4. CALCULATING AND APPLYING COST PER EQUIVALENT UNIT: MIXING DEPARTMENT EXAMPLE
    5. PRODUCTION COST REPORT
    6. BASIC STEPS IN PROCESS COSTING: A SUMMARY
    7. KENT CHEMICAL REVISITED: ANSWERING STACY'S QUESTION
    8. DEALING WITH TRANSFERRED-IN COST: PACKAGING DEPARTMENT EXAMPLE
    9. PROCESS COSTING AND INCREMENTAL ANALYSIS
    10. “YOU GET WHAT YOU MEASURE!” AND MANUFACTURING PROCESSES
    11. Summary of Learning Objectives
    12. Review Problem 1
    13. Review Problem 2
    14. Key Terms
    15. Self-Assessment
    16. INTERACTIVE LEARNING
    17. QUESTIONS
    18. Exercises
    19. Problems
    20. CASES
  13. Chapter 4: Cost-Volume-Profit Analysis
    1. COMMON COST BEHAVIOR PATTERNS
    2. COST ESTIMATION METHODS
    3. COST-VOLUME-PROFIT ANALYSIS
    4. MULTIPRODUCT ANALYSIS
    5. ASSUMPTIONS IN CVP ANALYSIS
    6. CODECONNECT EXAMPLE REVISITED: ANSWERING MARY'S QUESTIONS
    7. OPERATING LEVERAGE
    8. CONSTRAINTS
    9. Summary of Learning Objectives
    10. Appendix: USING REGRESSION IN EXCEL TO ESTIMATE FIXED AND VARIABLE COSTS
    11. Review Problem 1
    12. Review Problem 2
    13. Key Terms
    14. Self-Assessment
    15. INTERACTIVE LEARNING
    16. QUESTIONS
    17. Exercises
    18. Problems
    19. CASES
  14. Chapter 5: Variable Costing
    1. FULL (ABSORPTION) AND VARIABLE COSTING
    2. EFFECTS OF PRODUCTION ON INCOME FOR FULL VERSUS VARIABLE COSTING: THE CLAUSENTUBE EXAMPLE
    3. BENEFITS OF VARIABLE COSTING FOR INTERNAL REPORTING
    4. Summary of Learning Objectives
    5. Review Problem 1
    6. Review Problem 2
    7. Key Terms
    8. Self-Assessment
    9. INTERACTIVE LEARNING
    10. QUESTIONS
    11. Exercises
    12. Problems
    13. CASES
  15. Chapter 6: Cost Allocation and Activity-Based Costing
    1. PURPOSES OF COST ALLOCATION
    2. PROCESS OF COST ALLOCATION
    3. ALLOCATING SERVICE DEPARTMENT COSTS
    4. PROBLEMS WITH COST ALLOCATION
    5. ACTIVITY-BASED COSTING
    6. ACTIVITY-BASED MANAGEMENT
    7. REMEMBER—YOU GET WHAT YOU MEASURE!
    8. Summary of Learning Objectives
    9. Appendix: ACTIVITY-BASED MANAGEMENT
    10. CONCLUSION
    11. Review Problem 1
    12. Review Problem 2
    13. Key Terms
    14. Self-Assessment
    15. INTERACTIVE LEARNING
    16. QUESTIONS
    17. Exercises
    18. Problems
    19. CASES
  16. Chapter 7: The Use of Cost Information in Management Decision Making
    1. INCREMENTAL ANALYSIS
    2. ANALYSIS OF DECISIONS FACED BY MANAGERS
    3. DECISIONS INVOLVING JOINT COSTS
    4. QUALITATIVE CONSIDERATIONS IN DECISION ANALYSIS
    5. Summary of Learning Objectives
    6. Appendix: THE THEORY OF CONSTRAINTS
    7. THE FIVE-STEP PROCESS OF TOC
    8. IMPLICATIONS OF TOC FOR INSPECTIONS, BATCH SIZES, AND ACROSS-THE-BOARD CUTS
    9. YOU GET WHAT YOU MEASURE AND TOC
    10. Review Problem 1
    11. Review Problem 2
    12. Key Terms
    13. Self-Assessment
    14. INTERACTIVE LEARNING
    15. QUESTIONS
    16. Exercises
    17. Problems
    18. CASES
  17. Chapter 8: Pricing Decisions, Customer Profitability Analysis, and Activity-Based Pricing
    1. THE PROFIT-MAXIMIZING PRICE
    2. PRICING SPECIAL ORDERS
    3. COST-PLUS PRICING
    4. TARGET COSTING
    5. ANALYZING CUSTOMER PROFITABILITY: REVISITING THE PRICED RIGHT OFFICE SUPPLIES CASE
    6. CUSTOMER PROFITABILITY AND PERFORMANCE MEASURES
    7. ACTIVITY-BASED PRICING
    8. Summary of Learning Objectives
    9. Review Problem 1
    10. Review Problem 2
    11. Key Terms
    12. Self-Assessment
    13. INTERACTIVE LEARNING
    14. QUESTIONS
    15. Exercises
    16. Problems
    17. CASES
  18. Chapter 9: Capital Budgeting and Other Long-Run Decisions
    1. CAPITAL BUDGETING DECISIONS
    2. EVALUATING INVESTMENT OPPORTUNITIES: TIME VALUE OF MONEY APPROACHES
    3. CONSIDERING “SOFT” BENEFITS IN INVESTMENT DECISIONS
    4. ESTIMATING THE REQUIRED RATE OF RETURN
    5. ADDITIONAL CASH FLOW CONSIDERATIONS
    6. OTHER LONG-RUN DECISIONS
    7. SIMPLIFIED APPROACHES TO CAPITAL BUDGETING
    8. CONFLICT BETWEEN PERFORMANCE EVALUATION AND CAPITAL BUDGETING
    9. WILSON AIR EXAMPLE REVISITED
    10. Summary of Learning Objectives
    11. Appendix: A USING EXCEL® TO CALCULATE NPV AND IRR
    12. Appendix: B
    13. Review Problem 1
    14. Review Problem 2
    15. Key Terms
    16. Self-Assessment
    17. INTERACTIVE LEARNING
    18. QUESTIONS
    19. Exercises
    20. Problems
    21. CASES
  19. Chapter 10: Budgetary Planning and Control
    1. USE OF BUDGETS IN PLANNING AND CONTROL
    2. DEVELOPING THE BUDGET
    3. THE MASTER BUDGET
    4. USE OF COMPUTERS IN THE BUDGET PLANNING PROCESS
    5. BUDGETARY CONTROL
    6. INVESTIGATING BUDGET VARIANCES
    7. CONFLICT IN PLANNING AND CONTROL USES OF BUDGETS
    8. EVALUATION, MEASUREMENT, AND MANAGEMENT BEHAVIOR
    9. THE PRESTON JOYSTICK CASE REVISITED
    10. Summary of Learning Objectives
    11. Review Problem 1
    12. Review Problem 2
    13. Key Terms
    14. Self-Assessment
    15. INTERACTIVE LEARNING
    16. QUESTIONS
    17. Exercises
    18. Problems
    19. CASES
  20. Chapter 11: Standard Costs and Variance Analysis
    1. STANDARD COSTS
    2. A GENERAL APPROACH TO VARIANCE ANALYSIS
    3. MATERIAL VARIANCES
    4. DIRECT LABOR VARIANCES
    5. OVERHEAD VARIANCES
    6. TEST YOUR KNOWLEDGE: COMPREHENSIVE EXAMPLE
    7. INVESTIGATION OF STANDARD COST VARIANCES
    8. RESPONSIBILITY ACCOUNTING AND VARIANCES
    9. Summary of Learning Objectives
    10. Appendix: RECORDING STANDARD COSTS IN ACCOUNTS
    11. Review Problem 1
    12. Review Problem 2
    13. Key Terms
    14. Self-Assessment
    15. INTERACTIVE LEARNING
    16. QUESTIONS
    17. Exercises
    18. Problems
    19. CASES
  21. Chapter 12: Decentralization and Performance Evaluation
    1. WHY FIRMS DECENTRALIZE
    2. WHY COMPANIES EVALUATE THE PERFORMANCE OF SUBUNITS AND SUBUNIT MANAGERS
    3. COST CENTERS, PROFIT CENTERS, AND INVESTMENT CENTERS
    4. EVALUATING INVESTMENT CENTERS WITH ROI
    5. EVALUATION USING ECONOMIC VALUE ADDED (EVA)
    6. USING A BALANCED SCORECARD TO EVALUATE PERFORMANCE
    7. DEVELOPING A STRATEGY MAP FOR A BALANCED SCORECARD
    8. KEYS TO A SUCCESSFUL BALANCED SCORECARD: TARGETS, INITIATIVES, RESPONSIBILITY, FUNDING, TOP MANAGEMENT SUPPORT
    9. Summary of Learning Objectives
    10. Appendix: TRANSFER PRICING
    11. MARKET PRICE AS THE TRANSFER PRICE
    12. MARKET PRICE AND OPPORTUNITY COST
    13. VARIABLE COST AS THE TRANSFER PRICE
    14. FULL COST PLUS PROFIT AS THE TRANSFER PRICE
    15. NEGOTIATED TRANSFER PRICES
    16. TRANSFER PRICING AND INCOME TAXES IN AN INTERNATIONAL CONTEXT
    17. Review Problem 1
    18. Review Problem 2
    19. Key Terms
    20. Self-Assessment
    21. INTERACTIVE LEARNING
    22. QUESTIONS
    23. Exercises
    24. Problems
    25. CASES
  22. Chapter 13: Statement of Cash Flows
    1. NEED FOR A STATEMENT OF CASH FLOWS
    2. TYPES OF BUSINESS ACTIVITIES AND THE CLASSIFICATION OF CASH FLOWS
    3. THE STATEMENT OF CASH FLOWS PREPARED USING THE DIRECT METHOD
    4. PREPARING THE STATEMENT OF CASH FLOWS USING THE INDIRECT METHOD
    5. INTERPRETING INFORMATION IN THE STATEMENT OF CASH FLOWS: THE SITUATION AT RAVIRA RESTAURANT SUPPLY
    6. Summary of Learning Objectives
    7. Review Problem 1
    8. Review Problem 2
    9. Key Terms
    10. Self-Assessment
    11. INTERACTIVE LEARNING
    12. QUESTIONS
    13. Exercises
    14. Problems
    15. CASES
  23. Chapter 14: Analyzing Financial Statements: A Managerial Perspective
    1. WHY MANAGERS ANALYZE FINANCIAL STATEMENTS
    2. HORIZONTAL AND VERTICAL ANALYSES
    3. EARNINGS MANAGEMENT AND THE NEED TO COMPARE EARNINGS AND CASH-FLOW INFORMATION
    4. OTHER SOURCES OF INFORMATION ON FINANCIAL PERFORMANCE
    5. RATIO ANALYSIS
    6. A MANAGERIAL PERSPECTIVE ON THE ANALYSIS OF HGW'S FINANCIAL STATEMENTS
    7. SUMMARY OF ANALYSES
    8. Summary of Learning Objectives
    9. Review Problem 1
    10. Review Problem 2
    11. Key Terms
    12. Self-Assessment
    13. INTERACTIVE LEARNING
    14. QUESTIONS
    15. Exercises
    16. Problems
    17. CASES
  24. Glossary
  25. Index