CHAPTER 1  Management Accounting: Its Environment and 
  What Is Management Accoun
  Institute of Management Accounting
  Certified Management Accountant (CMA)  The Gold
  Ethical Standards for Management Accou
  International Federation of Accountants 
  Sarbanes
  Contrasting Financial and Management Acco
  Accounting
  Level of 
  Time
  Future Orien
  Where Accounting Fits in a C
  The Origin and Evolution of Management Accounting in
  Emergence of Permanent Emp
  The Industrial Revol
  Scientific Manag
  Diversific
  Management Accounting in 
  Challenges and Trends in Management Accou
  Consumers of Management Accounting Inform
  Su
  Glossary of Key 
  Review the 
  Apply What You Have Le
CHAPTER 2  Classifying 
  Major Cost Classifica
  Assigning Costs to Cost Ob
  Product
  Period
  Selling
  Administrative
  Comparing Product and Period 
  Product Cost Identification For Merchandising 
  The Flow of Product Cost  Merchandising Co
  Cost of Goods
  Product Cost Identification for Manufacturing 
  Prime Cost and Conversion
  Inventory Classifica
  Raw Materials Inve
  Work-in-process Inve
  Finished Goods Inve
  Direct Mat
  Direct 
  Manufacturing Ove
  Indirect Mat
  Indirect 
  Other Manufacturing Overhead 
  The Flow of Product Cost-Manufacturing Co
  Cost of Goods Manufac
  Product Cost Identification for Service 
  Mate
  
  Overhead or Indirect Service 
  The Flow of Service Cost--Service Co
  Cost of Ser
  Hybrid 
  Merchandising, Manufacturing, and Service~a Compa
  Su
  Appendix--Recording Manufacturing 
  Appendix Su
  Glossary of Key 
  Review the 
  Apply What You Have Le
CHAPTER 3  Determining Costs of Pro
  Accumulating Product Cost--Cost Accou
  Units of Product As Cost Ob
  Product Costing Me
  Job Order Costing B
  Process Costing B
  Job Order Co
  Documentation Relating to Job Order Co
  Cost Information for Raze Mat
  Cost Information for Direct 
  Manufacturing Ove
  Over or Under Applied Manufacturing Ove
  Process Co
  Equivalent 
  Cost Per Equivalent
  Cost of Ending Work-in-Process Inve
  Cost of Completed 
  Su
  Appendix-Recording Manufacturing 
  Appendix Su
  Glossary of Key 
  Review the 
  Apply What You Have Le
CHAPTER 4  Cost Allocation and Activity Based Co
  Traditional Manufacturing Overhead Alloc
  Activity-based Costing for Manufacturing Overhead Alloc
  Determining Product Cost Usin
  Comparison of Traditional and ABC Overhead Alloc
  Product Cost Acc
  When Does ABC Result in More Accurate Product Cos
  Reducing Cost by Using
  Closer Cost Scru
  Smaller Cost Pools Make it Difficult to Hide 
  Cost Control by Controlling the Allocation 
  Added Complexity and Cost of
  ABC and Job Order Costing--Another Look at Manta Power 
  Su
  Glossary of Key 
  Review the 
  Apply What You Have Le
CHAPTER 5  Cost Beha
  Common Cost Behavior Patt
  Fixed C
  Variable C
  Comparison of Cost Behav
  Determining Total 
  Relevant R
  Mixed C
  Identifying the Fixed and Variable Elements of a Mixed 
  The Engineering Appr
  Scatter Grap
  The High-Low Me
  Regression Anal
  Microsoft Excel--Preparing an Excel Scatter G
  Sum
  Glossary of Key T
  Review the F
  Apply What You Have Lea
CHAPTER 6  Business Decisions Using Cost Beha
  The Contribution Income State
  Absorption and Variable Cos
  Purpose of the Contribution Income State
  Predicting Profits Using the Contribution Income State
  Cost-Volume-Profit Anal
  Break-
  Determining Sales Required to Meet a Profit Objec
  Cost-Volume-Profit G
  Sensitivity Anal
  Change in Selling P
  Change in Variable Cost and Fixed 
  Multiple Products and
  Break-Even Point in a Multiproduct Situa
  Determining Required Sales in a Multiproduct Situa
  CVP Assumpt
  Absorption and Variable Costing--a Closer 
  Sum
  Glossary of Key T
  Review the F
  Apply What You Have Lea
CHAPTER 7  Making Decisions Using Relevant Informa
  Relevant Costs and Bene
  Equipment Replace
  Gather All Costs and Benefits Associated with the Deci
  Determine the Relevant Cost and Benefit of Each Alterna
  Relevant Cost and Benefit of the Old Computer Sy
  Relevant Costs and Benefits of the New Computer Sys
  Compare the Relevant Information and Select an Alterna
  The Concept of an Incremental Cost or Ben
  Interestmthe Time Value of M
  Special Or
  Gather All Costs and Benefits Associated with the Deci
  Determine the Relevant Cost and Benefit of Each Alterna
  Compare the Relevant Costs and Benefits and Select an Alterna
  Outsourcing: The Make or Buy Deci
  Gather All Costs Associated with the Deci
  Determine the Relevant Cost of Each Alterna
  Compare the Relevant Costs and Select an Alterna
  Considering Opportunity C
  Discontinuing a Business Seg
  Determine the Relevant Cost of Each Alterna
  Special Cost Considerations for Common Fixed C
  Sum
  Glossary of Key T
  Review the F
  Apply What You Have Lea
CHAPTER 8  The Capital Budget: Evaluating Capital Expendit
  The Business Planning Pro
  The Mission--Overall Company Goals: The
  Nonfinaneial G
  Financial G
  Goal Aware
  Core Values: What the Company Stands
  Vision: The Hope for the Fu
  Strategy: The Business Plan of At
  The Strategic Plan: The 
  The Capital Budget: The
  The Operating Budget. The
  The Capital Budget:What is 
  Capitalizing As
  Capitalization Am
  Characteristics of Capital Proj
  The Cost of Capital and the Concept of Scarce Resou
  Weighted Average Cost of Cap
  Scarce Resou
  Evaluating Potential Capital Proj
  Identifying Possible Capital Proj
  Determining Relevant Cash Flows for Alternative Proj
  Selecting a Method of Evaluating the Alternat
  Selecting Capital Budgeting Proj
  Capital Budgeting Decision Met
  Discounted Cash Flow Met
  Net Present V
  Net Present Value Calculations with Uneven Cash F
  Profitability I
  Internal Rate of Re
  Nondiscounted Cash Flow Met
  Payback Pe
  Accounting Rate of Re
  Factors Leading to Poor Capital Project Selec
  Natural Opti
  Capital Budgeting G
  Sum
  Appendix A. The Time Value of M
  The Time Value of Money--The Concept of Inte
  Future V
  Future Value of a Single
  Future Value of an Ann
  Present Value (Discount
  Present Value of a Single
  Present Value of an Ann
  Appendix B.Using a Financial Calcul
  Calculator Differe
  Future Value of a Single
  Future Value of an Ann
  Present Value of a Single
  Present Value of an Ann
  Common Uses of a Financial Calcul
  Auto L
  Home Mortg
  Glossary of Key T
  Review the F
  Apply What You Have Lea
CHAPTER 9  The Operating Bu
  Part One.. An Overview of the Operating Bu
  The Operating Budget. What is 
  Benefits of Budge
  Serves as a G
  Assists in Resource Alloca
  Fosters Communication and Coordina
  Establishes Performance Stand
  Contents of the Operating Bu
  Sales Bu
  Production or Purchases Bu
  Cost of Goods Sold or Cost of Services Bu
  Selling and Administrative Expense Bu
  Budgeted Income State
  Cash Bu
  Budgeted Balance S
  Budgeted Statement of Cash F
  Interrelationship among the Bud
  Different Approaches to Budge
  Perpetual Budge
  Incremental Budge
  Zero-Based Budge
  Top-Down Versus Bottom-Up Budge
  Top-Down Budge
  Bottom-Up Bud
  Imposed Versus Participative Bud
  The Sales Fore
  Cornerstone and Keystone of Budge
  Factors Affecting the Accuracy of the Sales Fore
  Part Two: Preparing and Using the Operating Bu
  Preparing a Master Operating Bu
  Budgeted Income State
  Sales Bu
  Cost of Goods Sold Bu
  Selling and Administrative E.rpense Bu
  Building the Budgeted Income State
  Budgeted Balance S
  Purchases Bu
  Cash Bu
  Cash Receipts Sche
  Cash Payments Sche
  Building the Cash Bu
  Building the Budgeted Balance S
  Budgeted Statement of Cash F
  The Static Budget Performance Re
  The Flexible Bu
  Preparing the Flexible Bu
  The Flexible Budget Performance Re
  Using (and Misusing) the Operating Bu
  Sum
  Glossary of Key T
  Review the F
  Apply What You Have Lea
CHAPTER 10  Standard Cos
  Why is Standard Costing Us
  Standards--a Closer 
  Quantity and Price Stand
  Ideal versus Practical Stand
  Ideal Stand
  Practical Stand
  Setting Stand
  Problems with Standard Cos
  Who Uses Standard Costi
  Basic Standard Costing for a Manufact
  Setting Direct Material Stand
  Direct Material Quantity Stan
  Direct Material Price Stan
  Setting Direct Labor Stand
  Direct Labor Efficiency Stan
  Direct Labor Rate Stan
  Setting Variable Manufacturing Overhead Stand
  The Standard Variable Manufacturing Overhead 
  Setting Fixed Manufacturing Overhead Stand
  Standard Fixed Manufacturing Overhead 
  Total Standard Cost Per 
  Variance Anal
  Direct Materials Varia
  Direct Material Quantity Vari
  Direct Material Price Vari
  Direct Labor Varia
  Direct Labor Efficiency Vari
  Direct Labor Rate Vari
  Manufacturing Overhead Varia
  Variable Manufacturing Overhead Efficiency Vari
  Variable Manufacturing Overhead Spending Vari
  Fixed Manufacturing Overhead Budget Vari
  Fixed Manufacturing Overhead Volume Vari
  Using Standard Cost Variances to Manage by Excep
  Sum
  Appendix--Recording Product Cost Using Standard Cos
  Appendix Sum
  Glossary of Key T
  Review the F
  Apply What You Have Lea
CHAPTER 11  Evaluating Performance and Emerging Manag
  Accounting Techni
  Business Segm
  Segment Informa
  The Segment Income State
  Allocating Service Department 
  Activity--Based Service Department Cost Alloca
  Approaches to Segment Manage
  Centralized Manage
  Decentralized Manage
  Evaluating Business Segm
  Revenue Cen
  Cost Cen
  Profit Cen
  Measuring Performance of Revenue, Cost and Profit Cen
  Investment Cen
  Return on Invest
  Residual Income and Economic Value Added (EV
  Internal sales and Transfer Pri
  Determining an Appropriate Transfer P
  Market based transfer pri
  Cost based transfer pri
  Transfer Pricing Under Various Condit
  Operating at capacity and market prices available  opportunity 
  Dual transfer price m
  Operating at capacity and opportunity cost  market pr
  Operating below capacity and no alternate opportunity, mark
  avail
  Negotiated transfer p
  Income Tax Implications of Transfer Pricing for Multinational Corporat
  Emerging Management and Management Accounting Techni
  The Balanced Score
  E-comm
  Process manage
  Enterprise Information Sys
  Six S
  Theory of Constra
  Lean Manufactu
  Overview of Lean Manufactur
  Sum
  Glossary of Key T
  Review the F
  Apply What You Have Lea
  Glossary of Key T
  Company Index. Management Accoun