Table of
Contents
Chapter 1 - The Need for Accounting
Information
Financial and Managerial Accounting
Decisions Requiring Accounting
Information
Chapter 2 - Introduction to
Accounting
Chapter 3 - The Financial Statements
The Single-Step Income Statement
The Multi-Step Income Statement
The Condensed Income Statement
The Contribution Margin Income
Statement
The Multi-Period Income Statement
Overview of the Statement of Cash
Flows
The Statement of Retained Earnings
Overview of the Statement of
Retained Earnings
Consolidated Financial Statements
Pro Forma Financial Statements
Financial Statement Audits, Reviews,
and Compilations
Chapter 4 - Interpretation of
Financial Statements
Interpretation of Financial
Statements
Accounts Payable Turnover Ratio
Accounts Receivable Turnover Ratio
Sales to Working Capital Ratio
Effect of the Number of Days in a
Month
Chapter 5 - Evaluation of
Responsibility Centers
Functional Organizational Structure
Divisional Organizational Structure
The Structure of the Chart of
Accounts
Responsibility Center Information
Reporting
Cost Anomalies in a Cost-Based Transfer Price
Pricing Problems Caused by Transfer Pricing
Accounting Issues Related to
Responsibility Centers
Chapter 6 - Overview of Selected
Accounting Standards
Accounting Changes and Error
Corrections
Specific Identification Method
Chapter 7 - Sales and Marketing
Decisions
Accounting Inputs to Price
Formulation
Cross Price Elasticity of Demand
Non-Price Determinants of Demand
Chapter 8 - Human Resources
Decisions
The True Variability of Direct Labor
Chapter 9 - Investment Decisions
Present and Future Value Tables
Incremental Internal Rate of Return
Research and Development Funding
Analysis
Accounting Issues Related to
Investment Decisions
Impairment of Investments in Other
Entities
Chapter 10 - Acquisition Decisions
General IRS Requirements to Avoid
Gain Recognition
Impact of the Acquiree Organizational
Form
Chapter 11 - Cost Accounting Tools
and Concepts
Direct Costing as a Managerial Tool
The Problem With Overhead Allocation
The Basic Steps of Target Costing
Value Engineering Considerations
The Role of Accounting in Target
Costing
Data Sources for Target Costing
The Product Life Cycle and Target
Costing
Chapter 13 - Constraint Analysis
Constraint Analysis Operational
Terminology
Overview of Constraint Analysis
Constraint Analysis Financial
Terminology
Constraint Analysis from a Financial
Perspective
The Decision to Sell at a Lower
Price
The Decision to Outsource Production
The Capital Investment Decision
The Decision to Cancel a Product
Chapter 14 - Budgeting Concepts
The Reasons for Budget Iterations
Overview of the Revenue Budget
The Ending Finished Goods Inventory
Budget
Production Budgeting for Multiple
Products
The Direct Materials Budget (Roll up
Method)
The Direct Materials Budget
(Historical Method)
The Manufacturing Overhead Budget
The Sales and Marketing Budget
The Research and Development Budget
Chapter 15 - Budgetary Control
Overview of Cost of Goods Sold
Variance Reporting
Variable Overhead Spending Variance
Variable Overhead Efficiency
Variance
Fixed Overhead Spending Variance
Problems with Variance Analysis
Final
Examination ....................................................................................................................................................319