9780078025747

Accounting for Decision Making and Control provides students and managers with an understanding appreciation of the strengths and limitations of an organization’s accounting system, thereby allowing them to be more intelligent users of these systems. The Eighth Edition demonstrates that managerial accounting is an integral part of the firm’s organizational architecture, not just an isolated set of computational topics.

Managers in all organizations, throughout their professional careers, interact with their accounting systems as it is both a source of information for decision making and part of the organization’s control mechanisms.

1) Introduction
2) The nature of costs
3) Opportunity cost of capital and capital budgeting
4) Organizational architecture
5) Responsibility accounting and transfer pricing
6) Budgeting
7) Cost allocation: Theory
8) Cost allocation: Practices
9) Absorption cost system
10) Criticisms of absorption cost systems: Incentives to overproduce
11) Criticisms of absorption cost systems: Inaccurate product costs
12) Standard costs: Direct labor and materials
13) Overhead and marketing variances
14) Management accounting in a changing environment

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Accounting for Decision Making and Control

Accounting for Decision Making and Control

0078025745

Summary

Table of Contents

2) The nature of costs

3) Opportunity cost of capital and capital budgeting

4) Organizational architecture

5) Responsibility accounting and transfer pricing

6) Budgeting

7) Cost allocation: Theory

8) Cost allocation: Practices

9) Absorption cost system

10) Criticisms of absorption cost systems: Incentives to overproduce

11) Criticisms of absorption cost systems: Inaccurate product costs

12) Standard costs: Direct labor and materials

13) Overhead and marketing variances

14) Management accounting in a changing environment

Supplemental Materials