Introduction to Managerial Accounting (8th Edition)

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Download Introduction to Managerial Accounting (8th Edition) written by Peter Brewer, Ray Garrison, Eric Noreen in PDF format. This book is under the category Accounting and bearing the isbn/isbn13 number 1259917061; 126019017X;1260190226/9781259917066/ 9781260190175/ 9781260190229. You may reffer the table below for additional details of the book.

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Specifications

book-author

Peter Brewer, Ray Garrison, Eric Noreen

publisher

McGraw-Hill Higher Education; 8th edition

file-type

PDF

pages

752 pages

language

English

asin

B078SSSXJC

isbn10

1259917061; 126019017X;1260190226

isbn13

9781259917066/ 9781260190175/ 9781260190229


Book Description

Brewer’s Introduction to Managerial Accounting; 8th Edition; (PDF) has earned a standing as essentially the most accessible and readable ebook available on the market. Its clear presentation and manageable chapters level college students towards understanding simply because the needle of a compass offers route to vacationers. Though the ebook’s authors additionally perceive that everybody’s functions are totally different. Few school college students will turn out to be accountants whereas others are meant for careers in administration advertising or finance. Not solely does the Brewer textual content present college students managerial accounting ideas in a concise and clear means nevertheless it additionally asks college students to take into consideration how the ideas they’re studying will relate to the true-world conditions they may ultimately face of their careers. This mix of conceptual understanding and the power to apply that information guides accounting college students towards success no matter their remaining vacation spot occurs to be.

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NOTE: The product solely consists of the ebook; Introduction to Managerial Accounting; eighth Edition in PDF. No access codes are included.

Additional information

book-author

Peter Brewer, Ray Garrison, Eric Noreen

publisher

McGraw-Hill Higher Education; 8th edition

file-type

PDF

pages

752 pages

language

English

asin

B078SSSXJC

isbn10

1259917061; 126019017X;1260190226

isbn13

9781259917066/ 9781260190175/ 9781260190229

Table of contents


Table of contents :
Cover
introduction TO MANAGERIAL ACCOUNTING
DEDICATION
About the Authors
New in the Eighth Edition
Acknowledgments
BRIEF CONTENTS
CONTENTS
Prologue: Managerial Accounting: An Overview
What Is Managerial Accounting?
Planning
Controlling
Decision Making
Why Does Managerial Accounting Matter to Your Career?
Business Majors
Accounting Majors
Professional Certification—A Smart Investment
Managerial Accounting: Beyond the Numbers
An Ethics Perspective
Code of Conduct for Management Accountants
A Strategic Management Perspective
An Enterprise Risk Management Perspective
A Corporate Social Responsibility Perspective
A Process Management Perspective
A Leadership Perspective
Intrinsic Motivation
Extrinsic Incentives
Cognitive Bias
Summary
Glossary
Questions
Exercises
chapter one: Managerial Accounting and Cost Concepts
Cost Classifications for Assigning Costs to Cost Objects
Direct Cost
Indirect Cost
Cost Classifications for Manufacturing Companies
Manufacturing Costs
Direct Materials
Direct Labor
Manufacturing Overhead
Nonmanufacturing Costs
Cost Classifications for Preparing Financial Statements
Product Costs
Period Costs
Cost Classifications for Predicting Cost Behavior
Variable Cost
Fixed Cost
The Linearity Assumption and the Relevant Range
Mixed Costs
Cost Terminology—A Closer Look
Cost Classifications for Decision Making
Differential Cost and Revenue
Sunk Cost and Opportunity Cost
Using Different Cost Classifications for Different Purposes
The Traditional Format Income Statement
The Contribution Format Income Statement
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem 1: Cost Terms
Review Problem 2: Income Statement Formats
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter two: Job-Order Costing: Calculating Unit Product Costs
Job-Order Costing—An Overview
Job-Order Costing—An Example
Measuring Direct Materials Cost
Job Cost Sheet
Measuring Direct Labor Cost
Computing Predetermined Overhead Rates
Applying Manufacturing Overhead
Manufacturing Overhead—A Closer Look
The Need for a Predetermined Rate
Computation of Total Job Costs and Unit Product Costs
Job-Order Costing—A Managerial Perspective
Choosing an Allocation Base—A Key to Job Cost Accuracy
Job-Order Costing Using Multiple Predetermined Overhead Rates
Multiple Predetermined Overhead Rates—A Departmental Approach
Multiple Predetermined Overhead Rates—An Activity-Based Approach
Job-Order Costing—An External Reporting Perspective
Overhead Application and the Income Statement
Job Cost Sheets: A Subsidiary Ledger
Job-Order Costing in Service Companies
Summary
Guidance Answer to Decision Point
Guidance Answers to Concept Checks
Review Problem: Calculating Unit Product Costs
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter three: Job-Order Costing: Cost Flows and External Reporting
Job-Order Costing—The Flow of Costs
The Purchase and Issue of Materials
Issue of Direct and Indirect Materials
Labor Cost
Manufacturing Overhead Costs
Applying Manufacturing Overhead
The Concept of a Clearing Account
Nonmanufacturing Costs
Cost of Goods Manufactured
Cost of Goods Sold
Schedules of Cost of Goods Manufactured and Cost of Goods Sold
Underapplied and Overapplied Overhead—A Closer Look
Computing Underapplied and Overapplied Overhead
Disposition of Underapplied or Overapplied Overhead Balances
Closed to Cost of Goods Sold
Closed Proportionally to Work in Process, Finished Goods, and Cost of Goods Sold
Comparing the Two Methods for Disposing of Underapplied or Overapplied Overhead
A General Model of Product Cost Flows
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem: The Flow of Costs in a Job-Order Costing System
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
Appendix 3A: Job-Order Costing: A Microsoft Excel-Based Approach
Appendix 3A: Exercises and Problems
chapter four: Activity-Based Costing
Assigning Overhead Costs to Products
Plantwide Overhead Rate
Departmental Overhead Rates
Activity-Based Costing (ABC)
Designing an Activity-Based Costing System
Hierarchy of Activities
An Example of an Activity-Based Costing System Design
Using Activity-Based Costing
Comtek Inc.’s Basic Data
Direct Labor-Hours as a Base
Computing Activity Rates
Computing Product Costs
Shifting of Overhead Cost
Targeting Process Improvements
Evaluation of Activity-Based Costing
The Benefits of Activity-Based Costing
Limitations of Activity-Based Costing
The Cost of Implementing Activity-Based Costing
Limitations of the ABC Model
Modifying the ABC Model
Activity-Based Costing and Service Industries
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem: Activity-Based Costing
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter five: Process Costing
Comparison of Job-Order and Process Costing
Similarities between Job-Order and Process Costing
Differences between Job-Order and Process Costing
Cost Flows in Process Costing
Processing Departments
The Flow of Materials, Labor, and Overhead Costs
Materials, Labor, and Overhead Cost Entries
Materials Costs
Labor Costs
Overhead Costs
Completing the Cost Flows
Process Costing Computations: Three Key Concepts
Key Concept #1
Key Concept #2
Key Concept #3
The Weighted-Average Method: An Example
Step 1: Compute the Equivalent Units of Production
Step 2: Compute the Cost per Equivalent Unit
Step 3: Assign Costs to Units
Step 4: Prepare a Cost Reconciliation Report
Operation Costing
Summary
Guidance Answer to Decision Point
Guidance Answers to Concept Checks
Review Problem: Process Cost Flows and Costing Units
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter six: Cost-Volume-Profit Relationships
The Basics of Cost-Volume-Profit (CVP) Analysis
Contribution Margin
CVP Relationships in Equation Form
CVP Relationships in Graphic Form
Preparing the CVP Graph
Contribution Margin Ratio (CM Ratio) and the Variable Expense Ratio
Applications of the Contribution Margin Ratio
Additional Applications of CVP Concepts
Example 1: Change in Fixed Cost and Sales Volume
Alternative Solution 1
Alternative Solution 2
Example 2: Change in Variable Costs and Sales Volume
Solution
Example 3: Change in Fixed Cost, Selling Price, and Sales Volume
Solution
Example 4: Change in Variable Cost, Fixed Cost, and Sales Volume
Solution
Example 5: Change in Selling Price
Solution
Break-Even and Target Profit Analysis
Break-Even Analysis
The Equation Method
The Formula Method
Break-Even in Dollar Sales
Target Profit Analysis
The Equation Method
The Formula Method
Target Profit Analysis in Terms of Dollar Sales
The Margin of Safety
CVP Considerations in Choosing a Cost Structure
Cost Structure and Profit Stability
Operating Leverage
Structuring Sales Commissions
Sales Mix
The Definition of Sales Mix
Sales Mix and Break-Even Analysis
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem: CVP Relationships
Glossary
Questions
CHAPTER 6: Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
Appendix 6A: Analyzing Mixed Costs
Glossary (Appendix 6A)
Appendix 6A: Exercises and Problems
chapter seven: Variable Costing and Segment Reporting: Tools for Management
Overview of Variable and Absorption Costing
Variable Costing
Absorption Costing
Selling and Administrative Expenses
Summary of Differences
Variable and Absorption Costing—An Example
Variable Costing Contribution Format Income Statement
Absorption Costing Income Statement
Reconciliation of Variable Costing with Absorption Costing Income
Advantages of Variable Costing and the Contribution Approach
Enabling CVP Analysis
Explaining Changes in Net Operating Income
Supporting Decision Making
Segmented Income Statements and the Contribution Approach
Traceable and Common Fixed Costs and the Segment Margin
Identifying Traceable Fixed Costs
Traceable Fixed Costs Can Become Common Fixed Costs
Segmented Income Statements—An Example
Levels of Segmented Income Statements
Segmented Income Statements—Decision Making and Break-Even Analysis
Decision Making
Break-Even Analysis
Segmented Income Statements—Common Mistakes
Omission of Costs
Inappropriate Methods for Assigning Traceable Costs among Segments
Failure to Trace Costs Directly
Inappropriate Allocation Base
Arbitrarily Dividing Common Costs among Segments
Income Statements—An External Reporting Perspective
Companywide Income Statements
Segmented Financial Information
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem 1: Contrasting Variable and Absorption Costing
Review Problem 2: Segmented Income Statements
Glossary
Questions
Chapter 7: Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter Eight: Master Budgeting
Why and How Do Organizations Create Budgets?
Advantages of Budgeting
Responsibility Accounting
Choosing a Budget Period
The Self-Imposed Budget
Human Factors in Budgeting
The Master Budget: An Overview
Seeing the Big Picture
Preparing the Master Budget
The Beginning Balance Sheet
The Budgeting Assumptions
The Sales Budget
The Production Budget
Inventory Purchases—Merchandising Company
The Direct Materials Budget
The Direct Labor Budget
The Manufacturing Overhead Budget
The Ending Finished Goods Inventory Budget
The Selling and Administrative Expense Budget
The Cash Budget
The Budgeted Income Statement
The Budgeted Balance Sheet
Summary
Guidance Answer to Decision Point
Guidance Answers to Concept Checks
Review Problem: Budget Schedules
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
chapter nine: Flexible Budgets, Standard Costs, and Variance Analysis
The Variance Analysis Cycle
Flexible Budgets
Characteristics of a Flexible Budget
Deficiencies of the Static Planning Budget
How a Flexible Budget Works
Flexible Budget Variances
Revenue Variances
Spending Variances
Flexible Budgets with Multiple Cost Drivers
Standard Costs—Setting The Stage
Setting Direct Materials Standards
Setting Direct Labor Standards
Setting Variable Manufacturing Overhead Standards
Using Standards in Flexible Budgets
A General Model for Standard Cost Variance Analysis
Using Standard Costs—Direct Materials Variances
The Materials Price Variance
The Materials Quantity Variance
Using Standard Costs—Direct Labor Variances
The Labor Rate Variance
The Labor Efficiency Variance
Using Standard Costs—Variable Manufacturing Overhead Variances
The Variable Manufacturing Overhead Rate and Efficiency Variances
An Important Subtlety in the Materials Variances
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem 1: Variance Analysis Using a Flexible Budget
Review Problem 2: Standard Costs
Glossary
Questions
Chapter 9: Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
Appendix 9A: Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System
Glossary
Appendix 9A: Exercises and Problems
Appendix 9B: Standard Cost Systems: A Financial Reporting Perspective Using Microsoft Excel
Appendix 9B: Exercises and Problems
chapter ten: Performance Measurement in Decentralized Organizations
Decentralization in Organizations
Advantages and Disadvantages of Decentralization
Responsibility Accounting
Cost, Profit, and Investment Centers
Cost Center
Profit Center
Investment Center
Evaluating Investment Center Performance—Return on Investment
The Return on Investment (ROI) Formula
Net Operating Income and Operating Assets Defined
Understanding ROI
Criticisms of ROI
Residual Income
Motivation and Residual Income
Divisional Comparison and Residual Income
Operating Performance Measures
Throughput (Manufacturing Cycle) Time
Delivery Cycle Time
Manufacturing Cycle Efficiency (MCE)
Example
Solution
Balanced Scorecard
Common Characteristics of Balanced Scorecards
A Company’s Strategy and the Balanced Scorecard
Tying Compensation to the Balanced Scorecard
Summary
Guidance Answer to Decision Point
Guidance Answers to Concept Checks
Review Problem: Return on Investment (ROI) And Residual Income
Glossary
Questions
Chapter 10: Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter eleven: Differential Analysis: The Key to Decision Making
Decision Making: Six Key Concepts
Key Concept #1
Key Concept #2
Key Concept #3
Key Concept #4
Key Concept #5
Key Concept #6
Identifying Relevant Costs and Benefits: An Example
Decision Analysis: The Total Cost and Differential Cost Approaches
Why Isolate Relevant Costs?
Adding and Dropping Product Lines and Other Segments
An Illustration of Cost Analysis
A Comparative Format
Beware of Allocated Fixed Costs
Make or Buy Decisions
Strategic Aspects of the Make or Buy Decision
An Example of a Make or Buy Decision
Opportunity Cost
Special Order Decisions
Volume Trade-Off Decisions
What Is a Constraint?
Utilizing a Constrained Resource to Maximize Profits
Managing Constraints
Joint Product Costs and Sell or Process Further Decisions
Santa Maria Wool Cooperative: An Example
Activity-Based Costing and Relevant Costs
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem: Differential Analysis
Glossary
Questions
Chapter 11: Applying Excel
The Foundational 15
Exercises
Problems
Building Your Skills
chapter twelve: Capital Budgeting Decisions
Capital Budgeting—An Overview
Typical Capital Budgeting Decisions
Cash Flows Versus Net Operating Income
Typical Cash Outflows
Typical Cash Inflows
The Time Value of Money
The Payback Method
Evaluation of the Payback Method
An Extended Example of Payback
Payback and Uneven Cash Flows
The Net Present Value Method
The Net Present Value Method Illustrated
Recovery of the Original Investment
An Extended Example of the Net Present Value Method
The Internal Rate of Return Method
The Internal Rate of Return Method Illustrated
Comparison of the Net Present Value and Internal Rate of Return Methods
Expanding the Net Present Value Method
Least-Cost Decisions
Uncertain Cash Flows
An Example
Preference Decisions—The Ranking of Investment Projects
Internal Rate of Return Method
Net Present Value Method
The Simple Rate of Return Method
Postaudit of Investment Projects
Summary
Guidance Answer to Decision Point
Guidance Answers to Concept Checks
Review Problem: Comparison of Capital Budgeting Methods
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 12: The Concept of Present Value
Appendix 12: Review Problem: Basic Present Value Computations
Appendix 12B: Present Value Tables
chapter thirteen: Statement of Cash Flows
The Statement of Cash Flows: Key Concepts
Organizing the Statement of Cash Flows
Operating Activities: Direct or Indirect Method?
The Indirect Method: A Three-Step Process
Step 1
Step 2
Step 3
Investing and Financing Activities: Gross Cash Flows
Property, Plant, and Equipment
Retained Earnings
Summary of Key Concepts
An Example of a Statement of Cash Flows
Operating Activities
Step 1
Step 2
Step 3
Investing Activities
Financing Activities
Seeing the Big Picture
Interpreting the Statement of Cash Flows
Consider a Company’s Specific Circumstances
Consider the Relationships among Numbers
Free Cash Flow
Earnings Quality
Summary
Guidance Answers to Decision Point
Guidance Answers to Concept Checks
Review Problem
Glossary
Questions
The Foundational 15
Exercises
Problems
Building Your Skills
Appendix 13A: The Direct Method of Determining the Net Cash Provided by Operating Activities
Appendix 13A: Exercises and Problems
chapter fourteen: Financial Statement Analysis
Limitations of Financial Statement Analysis
Comparing Financial Data across Companies
Looking beyond Ratios
Statements in Comparative and Common-Size Form
Dollar and Percentage Changes on Statements
Common-Size Statements
Ratio Analysis—Liquidity
Working Capital
Current Ratio
Acid-Test (Quick) Ratio
Ratio Analysis—Asset Management
Accounts Receivable Turnover
Inventory Turnover
Operating Cycle
Total Asset Turnover
Ratio Analysis—Debt Management
Times Interest Earned Ratio
Debt-to-Equity Ratio
Equity Multiplier
Ratio Analysis—Profitability
Gross Margin Percentage
Net Profit Margin Percentage
Return on Total Assets
Return on Equity
Ratio Analysis—Market Performance
Earnings per Share
Price-Earnings Ratio
Dividend Payout and Yield Ratios
The Dividend Payout Ratio
The Dividend Yield Ratio
Book Value per Share
Summary of Ratios and Sources of Comparative Ratio Data
Summary
Guidance Answer to Decision Point
Guidance Answers to Concept Checks
Review Problem: Selected Ratios and Financial Leverage
Glossary
Questions
The Foundational 15
Exercises
Problems
Building Your Skills
Integration Exercises: An Overview
Integration Exercises
Index

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