Schaum's outlines of theory and problems of managerial accounting

Schaum's Outlines present all the essential course information in an easy-to-follow, topic-by-topic format. You also get hundreds of examples, solved problems, and practice exercises to test your skills.

Chapter 1 Managerment Accounting--A Perspective	p. 1
1.1 The Role of Management Accounting	p. 1
1.2 Financial Accounting vs. Management Accounting	p. 1
1.3 Cost Accounting vs. Management Accounting	p. 2
1.4 The Work of Management	p. 2
1.5 The Organizational Aspect of management Accounting	p. 2
1.6 Controllership	p. 3
1.7 The Certified Management Accountant (CMA)	p. 4
Chapter 2 Cost Concepts, Terms, and Classifications	p. 9
2.1 Different Costs for Different Purposes	p. 9
2.2 Cost Classifications	p. 9
2.3 Costs by Management Function	p. 10
2.4 Direct Costs and Indirect Costs	p. 11
2.5 Product Costs and Period Costs	p. 12
2.6 Variable Costs, Fixed Costs, and Semivariable Costs	p. 12
2.7 Costs for Planning, Control, and Decision Making	p. 13
2.8 Income Statements and Balance Sheets--Manufacturer's vs. Merchandiser's	p. 14
Chapter 3 Determination of Cost Behavior Patterns	p. 31
3.1 Analysis of Cost Behavior	p. 31
3.2 A Further Look at Costs by Behavior	p. 31
3.3 Types of Fixed Costs--Committed or Discretionary	p. 33
3.4 Analysis of Semivariable Costs (or Mixed Costs)	p. 33
3.5 The High-Low Method	p. 33
3.6 The Scattergraph Method	p. 35
3.7 The Method of Least Squares (Regression Analysis)	p. 36
3.8 Regression Statistics	p. 37
3.9 The Contribution Approach to the Income Statement	p. 39
Chapter 4 Cost-Volume-Profit and Break-Even Analysis	p. 55
4.1 Cost-Volume-Profit and Break-Even Analysis Defined	p. 55
4.2 Questions Answered by CVP Analysis	p. 55
4.3 Concepts of Contribution Margin	p. 55
4.4 Break-Even Analysis	p. 56
4.5 Target Income Volume an dMargin of Safety	p. 58
4.6 Some Applications of CVP Analysis	p. 60
4.7 Sales Mix Analysis	p. 61
4.8 Break-Even and CVP Analysis Assumptions	p. 63
4.9 Absorption vs. Direct Costing	p. 63
Examination I Chapters 1-4	p. 84
Chapter 5 Relevant Costs in Nonroutine Decisions	p. 89
5.1 Types of Nonroutine Decisions	p. 89
5.2 Relevant Costs Defined	p. 89
5.3 Other Decision-Making Approaches--Total Project and Opportunity Cost Approaches	p. 90
5.4 Pricing Special Orders	p. 91
5.5 The Make-or-Buy Decision	p. 92
5.6 The Sell-or_Process-Further Decision	p. 93
5.7 Adding or Dropping a Product Line	p. 94
5.8 Utilization of Scarce Resources	p. 95
Chapter 6 Budgeting for Profit Planning	p. 114
6.1 Budgeting Defined	p. 114
6.2 The Structure of the Master Budget	p. 114
6.3 Illustration	p. 115
6.4 Zero-Base Budgeting	p. 122
Chapter 7 Standard Costs, Responsibility Accounting, and cost Allocation	p. 142
7.1 Responsibility Accounting Defined	p. 142
7.2 Responsibility Centers and Their Performance Evaluation	p. 143
7.3 Standard Costs and Variance Analysis	p. 143
7.4 Fixed Overhead Variances	p. 148
7.5 Methods of Variance Analysis for Factory Overhead	p. 149
7.6 Flexible Budgets and Performance Reports	p. 150
7.7 Segmental Reporting and the Contribution Approach to Cost Allocation	p. 152
Examination II Chapters 5-7	p. 177
Chapter 8 Performance Evaluation, Transfer Pricing, and Decentralization	p. 182
8.1 Decentralization	p. 182
8.2 Evaluation of Divisional Performance	p. 183
8.3 Rate of Return on Investment (ROI)	p. 183
8.4 ROI and Profit Planning	p. 184
8.5 Residual Income (RI)	p. 185
8.6 Investment Decisions under ROI and RI	p. 185
8.7 Transfer Pricing	p. 186
8.8 Alternative Transfer Pricing Schemes	p. 187
Chapter 9 Capital Budgeting	p. 212
9.1 Capital Budgeting Decisions Defined	p. 212
9.2 Capital Budgeting Techniques	p. 212
9.3 Mutually Exclusive Investments	p. 219
9.4 Capital Rationing	p. 220
9.5 Income Tax Factors	p. 220
9.6 Capital Budgeting Decisions and the Modified Accelerated Cost Recovery System (MACRS)	p. 222
Chapter 10 Quantitative Approaches to Managerial Accounting	p. 249
10.1 Introduction	p. 249
10.2 Linear Programming and Shadow Prices	p. 249
10.3 The Learning Curve	p. 253
10.4 Inventory Planning and Control	p. 253
Chapter 11 Financial Statement Analysis and Statement of Cash Flows	p. 274
11.1 Financial Statement Analysis	p. 274
11.2 Ratio Analysis	p. 274
11.3 Liquidity Ratios	p. 276
11.4 Activity Ratios	p. 276
11.5 Leverage Ratios	p. 277
11.6 Profitability Ratios	p. 278
11.7 Summary of Ratios	p. 279
11.8 Statement of Cash Flows	p. 280
11.9 FASB Requirements	p. 281
11.10 Accrual Basis of Accounting	p. 281
11.11 Cash and Cash Equivalents	p. 281
11.12 Presentation of Noncash Investing and Financing Transactions	p. 282
11.13 Operating, Investing, and Financing Activities	p. 282
11.14 Presentation of the Cash Flow Statement	p. 284
Chapter 12 Product Costing Methods (Job-Order Costing, Process Costing, Cost Allocation, and Joint-Product Costing)	p. 309
12.1 Cost Accumulation Systems	p. 309
12.2 Job-Order Costing and Process Costing Compared	p. 310
12.3 Job-Order Costing	p. 310
12.4 Job Cost Sheet	p. 310
12.5 Factory Overhead Application	p. 311
12.6 Process Costing	p. 314
12.7 Steps in Process Costing Calculations	p. 314
12.8 Cost-of-Production Report	p. 314
12.9 Weighted Average vs. First-In, First-Out (FIFO)	p. 316
12.10 Allocation of Service Department Costs to Production Departments	p. 319
12.11 Procedure for Service Department Cost Allocation	p. 319
12.12 Joint-Product and By-Product Costs	p. 321
Chapter 13 Activity-Based Costing (ABC), Just-in-Time (JIT), Total Quality Management (TQM), and Quality Costs	p. 335
13.1 Activity-Based Costing	p. 335
13.2 How Does ABC Work?	p. 336
13.3 Benefits of an ABC System	p. 338
13.4 Just-in-Time Manufacturing	p. 338
13.5 JIT Compared with Traditional Manufacturing	p. 338
13.6 Benefits of JIT	p. 339
13.7 JIT Costing System	p. 339
13.8 Total Quality Management	p. 340
13.9 Quality Costs	p. 340
13.10 Quality Cost and Performance Reports	p. 341
13.11 Activity-Based Costing and Optimal Quality Costs	p. 341
Examination III Chapters 8-13	p. 352
Index	p. 357

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