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.
Contents
- 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
Book Details
- Hardcover: 696 pages
- Publisher: McGraw-Hill/Irwin; 8 edition (c2013)
- Language: English
- ISBN-10: 0078025745
- ISBN-13: 978-0078025747
- Product Dimensions: 10.3 x 8.2 x 1.2 inches
- List Price: $262.33