Managerial and Cost Accounting - Kenyatta University

1 Larry M. Walther Christopher J. Skousen Managerial and cost Accounting Download free books at Download free ebooks at Managerial and cost Accounting 2009 Larry M. Walther, under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted, and the exclusive property of Larry M. Walther or his licensors (all rights reserved).ISBN 978-87-7681-491-5 Download free ebooks at and cost Accounting 3 Contents91010111112131416161719212222232 62828 Contents Part 1. Introduction to Managerial Accounting 1. Managerial Accounting Professional Certifi cations in Management Accounting 2. Planning, Directing, and Controlling Decision Making Planning Strategy Positioning Budgets Directing Costing Production Analysis Controlling Monitor Scorecard 3.

2 cost Components 4. Product Versus Period Costs Period Costs Stand out from the crowdDesigned for graduates with less than one year of full-time postgraduate work experience, London Business School s Masters in Management will expand your thinking and provide you with the foundations for a successful career in programme is developed in consultation with recruiters to provide you with the key skills that top employers demand. Through 11 months of full-time study, you will gain the business knowledge and capabilities to increase your career choices and stand out from the are now open for entry in September more information visit email or call +44 (0)20 7000 7573 Masters in ManagementLondon Business SchoolRegent s ParkLondon NW1 4 SAUnited KingdomTel +44 (0)20 7000 7573 Email your careerPlease click the advertDownload free ebooks at and cost Accounting 4 Contents5.

3 financial Statement Issues that are Unique to Manufacturers Schedule of Raw Materials Schedule of Work in Process Schedule of cost of Goods Manufactured Schedule of cost of Goods Sold The Income Statement Reviewing cost of Flow Concepts for a Manufacturer Critical Thinking About cost Flow Part 2. cost -Volume-Profi t and Business Scalability 6. cost Behavior The Nature of Costs Variable Costs Fixed Costs Business Implications of the Fixed cost Structure Economies of Scale Dialing in Your Business Model 7. cost Behavior Analysis Mixed Costs High-Low Method Method of Least Squares Recap 2929303131323234363737373840404244444546 49 UBS 2010. All rights for a career where your ideas could really make a difference?

4 UBS s Graduate Programme and internships are a chance for you to experience for yourself what it s like to be part of a global team that rewards your input and believes in succeeding you are in your academic career, make your future a part of ours by visiting You re full of energyand ideas. And that s just what we are looking click the advertDownload free ebooks at and cost Accounting 5 Contents8. Break-Even and Target Income Contribution Margin Contribution Margin: Aggregated, per Unit, or Ratio? Graphic Presentation Break-Even Calculations Target Income Calculations Critical Thinking About CVP 9. Sensitivity Analysis Changing Fixed Costs Changing Variable Costs Blended cost Shifts Per Unit Revenue Shifts Margin Beware Margin Mathematics 10.

5 CVP for Multiple Products Multiple Products, Selling Costs, and Margin Management 11. Assumptions of CVP Part 3. Job Costing and Modern cost Management Systems 12. Basic Job Costing Concepts cost Data Determination Conceptualizing Job Costing Tracking Direct Labor Tracking Direct Materials 5050505152535455555657575859606162636464 646666 Please click the advertDownload free ebooks at and cost Accounting 6 Tracking Overhead Job cost Sheets Expanding the Illustration Another Expansion of the Illustration Database Versus Spreadsheets Moving Beyond the Conceptual Level 13. Information Systems for the Job Costing Environment Direct Material Direct Labor Overhead and cost Drivers 14.

6 Tracking Job cost Within the Corporate Ledger Direct Material Direct Labor Applied Factory Overhead Overview financial Statement Impact Scenarios cost Flows to the financial Statements Subsidiary Accounts Global Trade and Transfers 15. Accounting for Actual and Applied Overhead The Factory Overhead Account Actual Overhead The Balance of Factory Overhead Underapplied Overhead Overapplied Overhead Infl uence of Gaap 6769697171727373737476767979808183838485 858686878889your chance to change the worldHere at Ericsson we have a deep rooted belief that the innovations we make on a daily basis can have a profound effect on making the world a better place for people, business and society.

7 Join Germany we are especially looking for graduates as Integration Engineers for Radio Access and IP Networks IMS and IPTVWe are looking forward to getting your application!To apply and for all current job openings please visit our web page: click the advertDownload free ebooks at and cost Accounting 7 Contents16. Job Costing in Service, Not For-Profi t, and Governmental The Service Sector Capacity Utilization 17. Modern Management of Costs and Quality Global Competition Kaizen Lean Manufacturing Just in Time Inventory Total Quality Management Six Sigma Refl ection on Modern cost Management Part 4. Process Costing and Activity-Based Costing 18. Process Costing Process Costing Comparing Job and Process Costing Introduction to the cost of Production Report Job Costing Flows Process Costing Flows Job Costing Flows on Job cost Sheets Process Costing Flows on cost of Production Reports 19.

8 Equivalent Units Factors of Production An Illustration of Equivalent Units Calculations cost per Equivalent Unit 9192929393939596969798991001001011011021 03103103104104104107what s missing in this equation?maeRsK inteRnationaL teChnoLogY & sCienCe PRogRammeYou could be one of our future talentsAre you about to graduate as an engineer or geoscientist? Or have you already graduated?If so, there may be an exciting future for you with Moller - Maersk. click the advertDownload free ebooks at and cost Accounting 8 Contents20. cost Allocation to Completed Units and Units in Process cost of Production Report Journal Entries Subsequent Departments The Big FIFO Process Costing 21. Activity-Based Costing Pros of ABC Cons of ABC The Reality of ABC A Closer Look at ABC Concepts The Steps to Implement ABC A Simple Analogy A Case Study in ABC Study Process and Costs Identify Activities Determine Traceable Costs and Allocation Rates Assign Costs to Activities Determine Per-Activity Allocation Rates Apply Costs to cost Objects What Just Happened?

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10 A place where you can develop your potential and grow professionally, working alongside talented colleagues. The only place where you can learn from our unrivalled experience, while helping our global clients achieve high performance. If this is your idea of a typical working day, then Accenture is the place to a challenge into a learning another day at the office for a high Boot Camp your toughest test yetVisit click the advertDownload free ebooks at and cost Accounting 9 Introduction to Managerial AccountingIntroduction to Managerial AccountingPart 1 Your goals for this Managerial Accounting introduction chapter are to learn about: xThe distinguishing characteristics of Managerial Accounting . xThe role of Managerial Accounting in support of planning, directing, and controlling.