### Table of contents:

MODULE I: INTRODUCTION AND FRAMEWORK.

Chapter 1: Accounting: Information For Decision Making 2

The Four-Step Framework for Decision Making 4

Decision Making In Organizations 8

The Planning and Control Cycle 10

Accounting and Decision Making 12

Ethics and Decision Making 15

Chapter 2: Identifying and Estimating Costs and Benefits 40

Knowing What to Measure 42

Time and Controllability 46

How to Estimate Costs and Benefits 49

Hierarchical Cost Structure 53

Chapter 3: Cost Flows and Cost Terminology 74

Product and Period Costs 76

Cost Flows In Service Organizations 77

Cost Flows In Merchandising Organizations 78

Cost Flows In Manufacturing Organizations 81

MODULE II: SHORT-TERM PLANNING AND CONTROL: MAXIMIZING CONTRIBUTION.

Chapter 4: Techniques for Estimating Fixed and Variable Costs 110

Contribution Margin Statement 112

Account Classification Method 116

High-Low Method 118

Regression Analysis 123

Segmented Contribution Margin Statements 128

Chapter 5: Cost-Volume-Profit Analysis 154

The Cost-Volume-Profit (CVP) Relation 156

The CVP Relation and Profit Planning 158

Using The CVP Relation to Make Short-Term Decisions 164

Using The CVP Relation To Evaluate Operating Risk 166

Multiproduct CVP Analysis 171

CVP Analysisâ€”A Critical Evaluation 177

Chapter 6: Decision Making in the Short Term 200

Characteristics of Short-Term Decisions 202

Evaluating Options 205

Additional Examples of Short-Term Decisions 211

Determining the Best Use of a Scarce Resource 214

Qualitative Considerations 218

Chapter 7: Operating Budgets: Bridging Planning and Control 252

What Is A Budget? 254

Preparing a Master Budget 258

Cash Budget 270

Factors Influencing the Budgeting Process 276

Chapter 8: Budgetary Control and Variance Analysis 304

Budgets as the Basis For Control 306

How to Calculate Variances 308

Interpreting and Using Variances 319

Nonfinancial Controls 323

MODULE III: PLANNING AND CONTROL OVER THE LONG TERM: MAXIMIZING PROFIT.

Chapter 9: Cost Allocations: Theory and Applications 354

Long-Term Decisions and Cost Allocations 356

Cost Allocations for Reporting Income 364

Incentives and Cost Allocations 368

Chapter 10: Activity-Based Costing and Management 400

Elements of Activity-Based Costing (ABC) Systems 402

Decision Usefulness of ABC Systems 410

Activity-Based Management 416

Chapter 11: Managing Long-Lived Resources: Capital Budgeting 446

Roles of Capital Budgets 448

Elements of Project Cash Flows 450

Discounted Cash Flow Techniques in Capital Budgeting 454

Other Evaluation Criteria for Capital Budgeting 459

Taxes and Capital Budgeting 463

Allocating Capital Among Projects 466

Chapter 12: Performance Evaluation in Decentralized Organizations 488

Decentralization of Decision Making 490

Principles of Performance Measurement 494

Evaluating Cost and Profit Centers 495

Performance Measurement in Investment Centers 498

Transfer Pricing 506

Chapter 13: Strategic Planning and Control 532

Formulating a Strategy 534

The Value Chain 539

Strategic Cost Planning 542

Implementing Strategy 546

Monitoring Strategy Implementation 551

MODULE IV: COST ACCOUNTING SYSTEMS.

Chapter 14: Job-Costing 576

Types of Production Environments 578

Job-Costing Systems 580

Predetermined Overhead Rates 587

End-of-Period Adjustments for Overhead 591

Chapter 15: Process-Costing 612

Mechanics of Process Costing 614

Process Costing with Many Cost Pools and Beginning Inventory 616

Standard Process Costing 620

Chapter 16: Support Activity and Dual-Rate Allocations 634

Line and Support Activities 636

Methods for Allocating Support Activity Costs 638

Dual-Rate Allocations 646

Glossary 661

Index 667

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