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Financial and Managerial Accounting, Chapters 12-25, and MyAccountingLab 12-month Access Code Package

by: Horngren, Charles T.; Harrison, Walter T.

Financial and Managerial Accounting, Chapters 12-25, and MyAccountingLab 12-month Access Code Package

by: Horngren, Charles T.; Harrison, Walter T.

ISBN 13:
9780135009864
ISBN 10:
0135009863
Edition: 7th
Format: Package
Copyright: 01/01/2008
Publisher: Prentice Hall
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Corporations: Retained Earnings and the Income Statement
Identify the issues related to evaluating the quality of a company's earnings
Calculate earnings per share and a price/earnings ratio
Define and explain prior period adjustments and comprehensive income
Account for stock dividends and stock splits
Prepare a statement of stockholders' equity
Evaluate the effects of stock splits, stock and cash dividends, treasury stock transactions, and the acquisition of assets on a corporation's financial statements and performance measures
Long-term Liabilities
Explain the purpose and use of using long-term liabilities to finance investment in long-term assets
Evaluate financial leverage using different measures
Calculate payments, debt reduction and interest expense for installment notes and mortgages
Record transactions involving installment notes and mortgages
Describe the major characteristics of bonds payable. Utilize various sources to identify types, prices and credit ratings of various types of bonds
Record transactions for the issuance of bonds at face value, at a discount, and at a premium
Record transactions for the recording of bond interest expense using the straight-line method
Record transactions for the retirement of bonds and the conversion of bonds into stock
The Statement of Cash Flows
Describe the statement of cash flows, and define cash and cash equivalents
Calculate cash flows from operations using the indirect method
Calculate cash flows from investing and from financing activities
Prepare a statement of cash flows in good format
Interpret and use the statement of cash flows to analyze management decisions
Calculate free cash flow
Financial Statement Analysis
Describe and discuss the objectives and standards of financial statement analysis
Describe the sources of information for financial statement analysis, including benchmarking and industry averages
Apply horizontal, vertical and trend analysis to financial statements
Evaluate the liquidity, leverage, solvency and profitability of a corporation
Introduction to Management Accounting
Describe the need for management accounting information in a competitive business environment
Distinguish between financial and management accounting, ·
Distinguish between merchandising and manufacturing operations
Describe and define management accounting cost terms
Develop income statements and balance sheets for a manufacturer
Prepare schedules of Cost of Goods Manufactured and Cost of Goods Sold
Job Order Costing
Explain the flows of costs through the manufacturing process
Identify manufacturing costs, including labor, materials, and overhead
Differentiate between product and period costs
Differentiate between direct costs and indirect costs
Define cost allocation and explain the overhead allocation process
Prepare management accounting reports summarizing job costs
Evaluate operating performance using job-costing information
Process Costing
Compare and contrast Job Order Costing and Process Costing
Explain the flow of costs and work-in-process inventory in a process costing system
Define equivalent units in terms of process costing information and inventories
Prepare management accounting reports summarizing and reconciling process costs
Evaluate operating performance using process costing information
Activity-Based Costing and Other Cost Management Tools
Explain why indirect costs are allocated
Describe how indirect costs are allocated using a single overhead rate
Describe the limitations of using a single rate to allocate indirect costs
Describe how indirect costs can be classified into multiple cost pools
Describe how indirect costs are allocated using multiple overhead rates
Evaluate operating performance using activity-based costing information
Cost-Profit-Volume Analysis
Distinguish between variable costs and fixed costs
Explain the effects of activity changes on total and per-unit costs
Describe and use different methods to estimate variable and fixed costs
Use a cost formula to predict costs at a new level of activity
Describe effects of change in cost, price and volume on contribution margin and net income
Use Cost-Volume-Profit Analysis to predict and evaluate operating performance
Short-term Business Decisions and Differential Analysis
Distinguish between relevant and irrelevant costs for decision-making
Compute the optimal price for a product or service
Evaluate decisions to retain or drop product lines and organizational segments
Evaluate decisions to make or buy a product, or whether to accept a special order
Evaluate decisions to determine the appropriate use of resources
Capital Investment Decisions
Distinguish between short-term and long-term investment decisions
Define capital budgeting and capital investment decisions
Use the payback method and the accounting rate of return method to evaluate capital investment projects
Describe the time value of money
Use internal rate of return and net present value methods to evaluate capital investment projects
Budgeting
Define budgeting, and explain the differences between planning and control
Explain the master budget interrelationships
Prepare budgets for sales, production, direct materials, overhead, selling and administration, and a cash budget
Prepare a budgeted income statement and balance sheet
Define responsibility accounting and responsibility centers
Flexible Budgets and Standard Costs
Describe flexible budgets and explain differences between flexible and static budgets
Demonstrate impact of changes in volume on budgets
Define standard costs and how standards are derived
Compute direct materials price and quantity variances
Compute direct labor rate and efficiency variances
Compute manufacturing overhead spending and quantity variances, · Develop performance reports using flexible budgets and variances from standards
Evaluate operating performance using performance reports
Performance Management and Evaluation
Describe performance measurement and the issues that affect measurement of performance
Prepare performance reports for various types of responsibility centers
Use profit margin, return on investment and other measures to evaluate performance of responsibility centers
Use the balanced scorecard to develop performance measures that are consistent with organizational goals
Table of Contents provided by Publisher. All Rights Reserved.

Amazon no longer offers textbook rentals. We do!

Financial and Managerial Accounting, Chapters 12-25, and MyAccountingLab 12-month Access Code Package

Financial and Managerial Accounting, Chapters 12-25, and MyAccountingLab 12-month Access Code Package

9780135009864

0135009863

Table of Contents

Supplemental Materials

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Amazon no longer offers textbook rentals. We do!

Financial and Managerial Accounting, Chapters 12-25, and MyAccountingLab 12-month Access Code Package

Financial and Managerial Accounting, Chapters 12-25, and MyAccountingLab 12-month Access Code Package

9780135009864

0135009863

Table of Contents

Supplemental Materials

Write a Review

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