Managerial: Accounting

Contents

Instructor Preface

Student Preface

Acknowledgements

Author Biographies

Dedication

Brief Contents

Chapter 1 Accounting as a Tool for Management

Unit 1.1 What Is Managerial Accounting?

Definition of Managerial Accounting

Comparison of Managerial and Financial Accounting

Internal versus External Users

Lack of Mandated Rules

Focus on Operating Segments

Focus on the Future

Emphasis on Timeliness

The Manager's Role

Planning

Controlling and Evaluating

Decision Making

Management in Action

The Managerial Accountant's Role

REALITY CHECK Just Because Polly wants a cracker doesn't mean she'll get it

UNIT 1.1 REVIEW

Key Terms

Self Study Questions

Unit 1.1 Practice Exercise

Selected Unit 1.1 Answers

Unit 1.2 Different Strategies, Different Information

Matching Accounting Information to an Organization's Strategy

Product Differentiation versus Low-Cost Production

REALITY CHECK Strategic planning sometimes requires nerves of steel

Market Share: Build, Hold, Harvest, or Divest

Monitoring Strategic Performance

The Balanced Scorecard

Supply Chain Management

Just-In-Time (JIT) Inventory

REALITY CHECK A supply chain touchdown

Enterprise Resource Planning (ERP) Systems

UNIT 1.2 REVIEW

Key Terms

Self Study Questions

Unit 1.2 Practice Exercise

Selected Unit 1.2 Answers

Unit 1.3 Ethical Considerations in Managerial Accounting

REALITY CHECK Blowing the whistle

UNIT 1.3 REVIEW

Key Terms

Self Study Questions

Unit 1.3 Practice Exercise

Selected Unit 1.3 Answers

CHAPTER SUMMARY

KEY TERMS

EXERCISES ...