Weygandt's Managerial Accounting : Tools for Business Decision Making, Global Edition

ISBN-13: 9781119419655 / Angielski / Miękka / 2017 / 672 str.

Jerry J. Weygandt;Paul D. Kimmel;Donald E. Kieso

Opis

Weygandt′s MANAGERIAL ACCOUNTING TOOLS FOR BUSINESS DECISION MAKING This book by Weygandt, Kimmel, and Kieso provides students with a clear introduction to fundamental managerial accounting concepts. The Global Edition helps students get the most out of their accounting course with a focus on international companies, currencies, and standards. Streamlined learning objectives help students use their study time efficiently by creating clear connections between the reading, practice, and assessment. This book is authorized for sale in Europe, Asia, Africa and the Middle East only and may not be exported. The content is materially different than products for other markets including the authorized U.S. counterpart of this title. Exportation of this book to another region without the Publisher′s authorization may be illegal and a violation of the Publisher′s rights. The Publisher may take legal action to enforce its rights.

Spis treści

1 Managerial Accounting 1-1 Just Add Water and Paddle: Current Designs 1-1 Managerial Accounting Basics 1-2 Comparing Managerial and Financial Accounting 1-3 Management Functions 1-4 Organizational Structure 1-5 Managerial Cost Concepts 1-7 Manufacturing Costs 1-7 Product Versus Period Costs 1-8 Illustration of Cost Concepts 1-9 Manufacturer Financial Statements 1-11 Income Statement 1-11 Cost of Goods Manufactured 1-12 Cost of Goods Manufactured Schedule 1-12 Statement of Financial Position 1-13 Managerial Accounting Trends 1-15 Service Industries 1-15 Focus on the Value Chain 1-16 Balanced Scorecard 1-17 Business Ethics 1-17 Company Social Responsibility 1-18 2 Job Order Costing 2-1 Profiting from the Silver Screen: Disney 2-1 Cost Accounting Systems 2-2 Process Cost System 2-3 Job Order Cost System 2-3 Job Order Cost Flow 2-4 Accumulating Manufacturing Costs 2-5 Job Cost Sheets and Manufacturing Costs 2-7 Raw Materials Costs 2-7 Factory Labor Costs 2-9 Predetermined Overhead Rates 2-12 Completed and Sold Manufacturing and Service Jobs 2-14 Assigning Costs to Finished Goods 2-14 Assigning Costs to Cost of Goods Sold 2-15 Summary of Job Order Cost Flows 2-16 Job Order Costing for Service Companies 2-17 Advantages and Disadvantages of Job Order Costing 2-18 Applied Manufacturing Overhead 2-19 Under- or Over applied Manufacturing Overhead 2-20 3 Process Costing 3-1 Famed Soft Drink in the Outback: Back o' Bourke Cordials 3-1 Overview of Process Cost Systems 3-2 Uses of Process Cost Systems 3-2 Process Costing for Service Companies 3-3 Similarities and Differences Between Job Order Cost and Process Cost Systems 3-4 Recording Costs 3-5 Process Cost Flow 3-5 Assigning Manufacturing Costs--Journal Entries 3-6 Equivalent Units 3-9 Weighted-Average Method 3-9 Refinements on the Weighted-Average Method 3-10 The Production Cost Report 3-12 Compute the Physical Unit Flow (Step 1) 3-13 Compute the Equivalent Units of Production (Step 2) 3-13 Compute Unit Production Costs (Step 3) 3-14 Prepare a Cost Reconciliation Schedule (Step 4) 3-14 Preparing the Production Cost Report 3-15 Costing Systems--Final Comments 3-15 Appendix 3A: FIFO Method for Computing Equivalent Units 3-19 Equivalent Units Under FIFO 3-19 Comprehensive Example 3-20 FIFO and Weighted-Average 3-25 4 Activity-Based Costing 4-1 Wellness for Customers and the Company: Technogym SpA 4-1 Traditional vs. Activity-Based Costing 4-3 Traditional Costing Systems 4-3 Illustration of a Traditional Costing System 4-3 The Need for a New Approach 4-4 Activity-Based Costing 4-4 ABC and Manufacturers 4-7 Identify and Classify Activities and Assign Overhead to Cost Pools (Step 1) 4-7 Identify Cost Drivers (Step 2) 4-8 Compute Activity-Based Overhead Rates (Step 3) 4-8 Allocate Overhead Costs to Products (Step 4) 4-8 Comparing Unit Costs 4-9 ABC Benefits and Limitations 4-12 The Advantage of Multiple Cost Pools 4-12 The Advantage of Enhanced Cost Control 4-14 The Advantage of Better Management Decisions 4-15 Some Limitations and Knowing When to Use ABC 4-16 ABC and Service Industries 4-17 Traditional Costing Example 4-17 Activity-Based Costing Example 4-18 Appendix 4A: Just-in-Time Processing 4-21 Objective of JIT Processing 4-22 Elements of JIT Processing 4-22 Benefits of JIT Processing 4-23 5 Cost-Volume-Profit 5-1 Don't Worry--Just Get Big: Amazon.com 5-1 Cost Behavior Analysis 5-2 Variable Costs 5-3 Fixed Costs 5-4 Relevant Range 5-5 Mixed Costs 5-5 Mixed Costs Analysis 5-7 High-Low Method 5-7 Importance of Identifying Variable and Fixed Costs 5-9 CVP Analysis 5-10 Basic Components 5-10 CVP Income Statement 5-11 Break-Even Analysis 5-14 Mathematical Equation 5-14 Contribution Margin Technique 5-15 Graphic Presentation 5-16 Target Net Income and Margin of Safety 5-18 Target Net Income 5-18 Margin of Safety 5-19 6 Cost-Volume-Profit Analysis: Additional Issues 6-1 The Secret to Supermarket Profitability: Aldi 6-1 Basic CVP Concepts 6-2 Basic Concepts 6-2 Basic Computations 6-3 CVP and Changes in the Business Environment 6-5 Sales Mix and Break-Even Sales 6-7 Break-Even Sales in Units 6-8 Break-Even Sales for a Large Number of Products 6-9 Sales Mix with Limited Resources 6-11 Operating Leverage and Profitability 6-14 Effect on Contribution Margin Ratio 6-15 Effect on Break-Even Point 6-15 Effect on Margin of Safety Ratio 6-15 Operating Leverage 6-16 Appendix 6A: Absorption Costing Versus Variable Costing 6-18 Example Comparing Absorption Costing with Variable Costing 6-19 Net Income Effects 6-21 Decision-Making Concerns 6-24 Potential Advantages of Variable Costing 6-26 7 Incremental Analysis 7-1 The Internet of Clothing: Evrythng 7-1 Decision-Making and Incremental Analysis 7-3 Incremental Analysis Approach 7-3 How Incremental Analysis Works 7-4 Qualitative Factors 7-5 Relationship of Incremental Analysis and Activity-Based Costing 7-5 Types of Incremental Analysis 7-6 Special Orders 7-6 Make or Buy 7-8 Opportunity Cost 7-9 Sell or Process Further 7-10 Single-Product Case 7-11 Multiple-Product Case 7-11 Repair, Retain, or Replace Equipment 7-14 Eliminate Unprofitable Segment or Product 7-15 8 Pricing 8-1 They've Got Your Size--and Color: Zappos.com 8-1 Target Costing 8-2 Target Costing 8-4 Cost-Plus Pricing 8-5 Calculating Cost-Plus Pricing 8-5 Limitations of Cost-Plus Pricing 8-7 Variable-Cost Pricing 8-8 Time-and-Material Pricing 8-9 Transfer Pricing 8-12 Negotiated Transfer Prices 8-13 Cost-Based Transfer Prices 8-15 Market-Based Transfer Prices 8-17 Effect of Outsourcing on Transfer Pricing 8-17 Transfers Between Divisions in Different Countries 8-17 Appendix 8A: Absorption-Cost and Variable-Cost Pricing 8-19 Absorption-Cost Pricing 8-20 Variable-Cost Pricing 8-21 Appendix 8B: Transferring Goods Between Divisions in Different Countries 8-23 9 Budgetary Planning 9-1 What's in Your Cupcake?: BabyCakes NYC 9-1 Effective Budgeting and the Master Budget 9-2 Budgeting and Accounting 9-3 The Benefits of Budgeting 9-3 Essentials of Effective Budgeting 9-3 The Master Budget 9-6 Sales, Production, and Direct Materials Budgets 9-7 Sales Budget 9-7 Production Budget 9-8 Direct Materials Budget 9-9 Direct Labor, Manufacturing Overhead, and S&A Expense Budgets 9-12 Direct Labor Budget 9-12 Manufacturing Overhead Budget 9-13 Selling and Administrative Expense Budget 9-14 Budgeted Income Statement 9-14 Cash Budget and Budgeted Statement of Financial Position 9-16 Cash Budget 9-16 Budgeted Statement of Financial Position 9-19 Budgeting in Non-Manufacturing Companies 9-21 Merchandisers 9-21 Service Companies 9-22 Not-for-Profit Organizations 9-23 10 Budgetary Control and Responsibility Accounting 10-1 Strategies to Help You Relax: Viceroy Hotel Group 10-1 Budgetary Control and Static Budget Reports 10-2 Budgetary Control 10-2 Static Budget Reports 10-3 Flexible Budget Reports 10-6 Why Flexible Budgets? 10-6 Developing the Flexible Budget 10-8 Flexible Budget--A Case Study 10-9 Flexible Budget Reports 10-10 Responsibility Accounting and Responsibility Centers 10-13 Controllable versus Non-Controllable Revenues and Costs 10-14 Principles of Performance Evaluation 10-15 Responsibility Reporting System 10-16 Types of Responsibility Centers 10-19 Investment Centers and ROI 10-22 Return on Investment (ROI) 10-22 Responsibility Report 10-23 Judgmental Factors in ROI 10-23 Improving ROI 10-24 Appendix 10A: ROI vs. Residual Income 10-28 Residual Income Compared to ROI 10-29 Residual Income Weakness 10-29 11 Standard Costs and Balanced Scorecard 11-1 A Balanced Approach: Anglo Pacific Group plc 11-1 Standard Costs 11-2 Distinguishing Between Standards and Budgets 11-3 Setting Standard Costs 11-4 Direct Materials Variances 11-7 Analyzing and Reporting Variances 11-7 Direct Materials Variances 11-9 Direct Labor and Manufacturing Overhead Variances 11-11 Direct Labor Variances 11-11 Manufacturing Overhead Variances 11-14 Variance Reports and Balanced Scorecards 11-16 Reporting Variances 11-16 Income Statement Presentation of Variances 11-16 Balanced Scorecard 11-17 Appendix 11A: Standard Cost Accounting System 11-21 Journal Entries 11-22 Ledger Accounts 11-23 Appendix 11B: Overhead Controllable and Volume Variances 11-24 Overhead Controllable Variance 11-24 Overhead Volume Variance 11-25 12 Planning for Capital Investments 12-1 Floating Hotels: Holland America Line 12-2 Capital Budgeting and Cash Payback 12-3 Cash Flow Information 12-3 Illustrative Data 12-4 Cash Payback 12-5 Net Present Value Method 12-6 Equal Annual Cash Flows 12-7 Unequal Annual Cash Flows 12-8 Choosing a Discount Rate 12-9 Simplifying Assumptions 12-10 Comprehensive Example 12-10 Capital Budgeting Challenges and Refinements 12-11 Intangible Benefits 12-12 Profitability Index for Mutually Exclusive Projects 12-13 Risk Analysis 12-15 Post-Audit of Investment Projects 12-15 Internal Rate of Return 12-16 Comparing Discounted Cash Flow Methods 12-18 Annual Rate of Return 12-19 13 Statement of Cash Flows 13-1 What Should We Do with This Cash?: Keyence 13-1 Statement of Cash Flows: Usefulness and Format 13-3 Usefulness of the Statement of Cash Flows 13-3 Classification of Cash Flows 13-3 Significant Non-Cash Activities 13-5 Format of the Statement of Cash Flows 13-5 Preparing the Statement of Cash Flows-- Indirect Method 13-7 Indirect and Direct Methods 13-8 Indirect Method--Computer Services International 13-8 Step 1: Operating Activities 13-9 Summary of Conversion to Net Cash Provided by Operating Activities--Indirect Method 13-12 Step 2: Investing and Financing Activities 13-13 Step 3: Net Change in Cash 13-14 Using Cash Flows to Evaluate a Company 13-17 Free Cash Flow 13-17 Appendix 13A: Statement of Cash Flows--Direct Method 13-20 Step 1: Operating Activities 13-21 Step 2: Investing and Financing Activities 13-25 Step 3: Net Change in Cash 13-26 Appendix 13B: Statement of Cash Flows-- T-Account Approach 13-27 14 Financial Analysis: The Big Picture 14-1 Making Money the Old-Fashioned Way: Li Ka-shing 14-1 Basics of Financial Statement Analysis 14-2 Need for Comparative Analysis 14-3 Tools of Analysis 14-3 Horizontal Analysis 14-3 Vertical Analysis 14-6 Ratio Analysis 14-9 Liquidity Ratios 14-9 Profitability Ratios 14-13 Solvency Ratios 14-16 Summary of Ratios 14-18 Sustainable Income 14-20 Discontinued Operations 14-21 Changes in Accounting Principle 14-22 Comprehensive Income 14-22 Appendix A Time Value of Money A-1 Interest and Future Values A-1 Nature of Interest A-1 Simple Interest A-2 Compound Interest A-2 Future Value of a Single Amount A-3 Future Value of an Annuity A-5 Present Value Concepts A-7 Present Value Variables A-7 Present Value of a Single Amount A-7 Present Value of an Annuity A-9 Time Periods and Discounting A-11 Present Value of a Long-Term Note or Bond A-11 Using Financial Calculators A-14 Present Value of a Single Sum A-14 Present Value of an Annuity A-15 Useful Applications of the Financial Calculator A-16 Company Index I-1 Subject Index I-3