Introduction to management accounting / Charles T. Horngren, Gary L. Sundem with Frank H. Selto.

CONTENTS

PART ONE : FOCUS ON DECISION MAKING

PERSPECTIVE: SCOREKEEPING, ATTENTION DIRECTING, AND PROBLEM SOLVING
purposes of accounting
management accounting in service and non-profit organizations
Cost- Benefit and Behavioural considerations
The management process and accounting
e.tc


INTRODUCTION TO COST BEHAVIOR AND COST-VOLUME RELATIONSHIPS
Comparison of variable and fixed costs
Cost-volume profit analysis
Additional uses of cost-volume analysis
e.tc

VARIATIONS PF COST BEHAVIOR
Cost drivers and cost behaviour
Management influence of cost behaviour
Measurement of cost behaviour
e.tc

INTRODUCTION TO COST SYSTEMS
Classifications of costs
Activity-based accounting, cost-management systems, and just-in-time production
Cost accounting for income statements and balance sheets
e.tc

RELEVANT INFORMATION AND DECISION MAKING: PART ONE
Meaning of relevance: the major conceptual lesson
The special sales order
summary problem for your review
e.tc

RELEVANT INFORMATION AND DECISION MAKING: PART TWO
Opportunity, outlay, and differential costs
Make-or-buy decisions
e.tc


PART TWO: ACCOUNTING FOR PLANNING AND CONTROL

THE MASTER BUDGET: OVERALL PLAN
Budgets: What they are and how they benefit the organization
Illustration of preparation of a master budget
Caution: Difficulties of sales forecasting
e.tc

FLEXIBLE BUDGETS AND STANDARDS FOR CONTROL
flexible budgets: bridge between static budgets and actual results
Isolation of budgets variances and their causes
e.tc

MANAGEMENT CONTROL SYSTEMS AND RESPONSIBILITY ACCOUNTING
Management control systems and organizational goals
Design of management control systems
Controllability and measurement of financial performance
e.tc

MANAGEMENT CONTROL IN DECENTRALIZED ORGANIZATIONS
Decentralization in the 1990s
Centralization versus decentralization
Transfer pricing
e.tc


PART THREE: CAPITAL BUDGETING

CAPITAL BUDGETING : AN INTRODUCTION
Focus on programs or projects
Discounted- cash-flow models
Use of DCF Models
e.tc

CAPITAL BUDGETING: TAXES AND INFLATION
Income taxes and capital budgeting
Summary problem for your review
Confusion about depreciation
e.tc

PART FOUR: PRODUCT COSTING

COST ALLOCATION AND ACTIVITY -BASED COSTING
Cost allocation in general
Allocation of service department costs
allocation of costs to outputs
e.tc

JOB-COSTING SYSTEMS, OVERHEAD APPLICATION, SERVICE INDUSTRIES
Distinction between job costing and process costing
Illustration of job-order costing
accounting for factory overhead
e.tc

PROCESS-COSTING SYSTEMS
Introduction to process costing
Application of process costing
Summary problem for your review
e.tc

OVERHEAD APPLICATION: VARIABLE AND ABSORPTION COSTING
variable versus absorption costing
Fixed overhead and absorption costs of product
effect of other variances
e.tc

PART FIVE: QUANTITATIVE METHODS

QUANTITATIVE TECHNIQUES USED IN MANAGEMENT ACCOUNTING
Decision theory and uncertainty
Statistical quality control
e.tc

PART SIX: BASIC FINANCIAL ACCOUNTING

BASIC ACCOUNTING: CONCEPTS, TECHIQUES, AND CONVENTIONS
The need for accounting
Financial statements
Accrual basis and cash basis
e.tc

UNDERSTANDING CORPORATE ANNUAL REPORTS: BASIC FINANCIAL STATEMENTS
Classified balance sheet
Income statement
Statement of retained earnings
e.tc

MORE ON UNDERSTANDING CORPORATE ANNUAL REPORTS
Part one: intercorporate investments including consolidations
equity and cost methods
consolidated financial statements
e.tc

DIFFICULTIES IN MEASURING NET INCOME
Part one: principal inventory methods
Four major inventory methods
Lower of cost or methods
e.tc

Includes bibliographical references (p. 778-783) and index.