book

Managerial Accounting 5th Edition

Name: Managerial Accounting 5th Edition
Author: James Jiambalvo
ISBN: 9781118078761

by James Jiambalvo

October 2012

Beginner

544 pages

22h 34m

English

Wiley

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Cover Page
A Note to Students...
Title Page
Copyright
About the Author
Preface
NEW IN THE FIFTH EDITIONCHAPTER ORGANIZATION AND CONTENTTEACHING AND LEARNING COMPONENTSONLINE RESOURCESSTUDENT RESOURCES
Acknowledgments
Contents
List of Cases
Chapter 1: Managerial Accounting in the Information Age
GOAL OF MANAGERIAL ACCOUNTINGCOST TERMS USED IN DISCUSSING PLANNING, CONTROL, AND DECISION MAKINGTWO KEY IDEAS IN MANAGERIAL ACCOUNTINGTHE INFORMATION AGE AND MANAGERIAL ACCOUNTINGETHICAL CONSIDERATIONS IN MANAGERIAL DECISION MAKINGTHE CONTROLLER AS THE TOP MANAGEMENT ACCOUNTANTSummary of Learning ObjectivesAppendix: IMA STATEMENT OF ETHICAL PROFESSIONAL PRACTICEReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES

Chapter 2: Job-Order Costing for Manufacturing and Service Companies
COST CLASSIFICATIONS FOR MANUFACTURING FIRMSPRODUCT COST INFORMATION IN FINANCIAL REPORTING AND DECISION MAKINGBALANCE SHEET PRESENTATION OF PRODUCT COSTSFLOW OF PRODUCT COSTS IN ACCOUNTSINCOME STATEMENT PRESENTATION OF PRODUCT COSTSTYPES OF COSTING SYSTEMSOVERVIEW OF JOB COSTS AND FINANCIAL STATEMENT ACCOUNTSJOB-ORDER COSTING SYSTEMEASTLAKE REVISITED: USING JOB COST INFORMATIONRELATION BETWEEN THE COSTS OF JOBS AND THE FLOW OF COSTS IN WORK IN PROCESS, FINISHED GOODS, AND COST OF GOODS SOLDALLOCATING OVERHEAD TO JOBS: A CLOSER LOOKJOB-ORDER COSTING FOR SERVICE COMPANIESMODERN MANUFACTURING PRACTICES AND PRODUCT COSTING SYSTEMSSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 3: Process Costing
DIFFERENCE BETWEEN JOB-ORDER AND PROCESS COSTING SYSTEMSPRODUCT AND COST FLOWSCALCULATING UNIT COSTCALCULATING AND APPLYING COST PER EQUIVALENT UNIT: MIXING DEPARTMENT EXAMPLEPRODUCTION COST REPORTBASIC STEPS IN PROCESS COSTING: A SUMMARYKENT CHEMICAL REVISITED: ANSWERING STACY'S QUESTIONDEALING WITH TRANSFERRED-IN COST: PACKAGING DEPARTMENT EXAMPLEPROCESS COSTING AND INCREMENTAL ANALYSIS“YOU GET WHAT YOU MEASURE!” AND MANUFACTURING PROCESSESSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 4: Cost-Volume-Profit Analysis
COMMON COST BEHAVIOR PATTERNSCOST ESTIMATION METHODSCOST-VOLUME-PROFIT ANALYSISMULTIPRODUCT ANALYSISASSUMPTIONS IN CVP ANALYSISCODECONNECT EXAMPLE REVISITED: ANSWERING MARY'S QUESTIONSOPERATING LEVERAGECONSTRAINTSSummary of Learning ObjectivesAppendix: USING REGRESSION IN EXCEL TO ESTIMATE FIXED AND VARIABLE COSTSReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 5: Variable Costing
FULL (ABSORPTION) AND VARIABLE COSTINGEFFECTS OF PRODUCTION ON INCOME FOR FULL VERSUS VARIABLE COSTING: THE CLAUSENTUBE EXAMPLEBENEFITS OF VARIABLE COSTING FOR INTERNAL REPORTINGSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 6: Cost Allocation and Activity-Based Costing
PURPOSES OF COST ALLOCATIONPROCESS OF COST ALLOCATIONALLOCATING SERVICE DEPARTMENT COSTSPROBLEMS WITH COST ALLOCATIONACTIVITY-BASED COSTINGACTIVITY-BASED MANAGEMENTREMEMBER—YOU GET WHAT YOU MEASURE!Summary of Learning ObjectivesAppendix: ACTIVITY-BASED MANAGEMENTCONCLUSIONReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 7: The Use of Cost Information in Management Decision Making
INCREMENTAL ANALYSISANALYSIS OF DECISIONS FACED BY MANAGERSDECISIONS INVOLVING JOINT COSTSQUALITATIVE CONSIDERATIONS IN DECISION ANALYSISSummary of Learning ObjectivesAppendix: THE THEORY OF CONSTRAINTSTHE FIVE-STEP PROCESS OF TOCIMPLICATIONS OF TOC FOR INSPECTIONS, BATCH SIZES, AND ACROSS-THE-BOARD CUTSYOU GET WHAT YOU MEASURE AND TOCReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 8: Pricing Decisions, Customer Profitability Analysis, and Activity-Based Pricing
THE PROFIT-MAXIMIZING PRICEPRICING SPECIAL ORDERSCOST-PLUS PRICINGTARGET COSTINGANALYZING CUSTOMER PROFITABILITY: REVISITING THE PRICED RIGHT OFFICE SUPPLIES CASECUSTOMER PROFITABILITY AND PERFORMANCE MEASURESACTIVITY-BASED PRICINGSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 9: Capital Budgeting and Other Long-Run Decisions
CAPITAL BUDGETING DECISIONSEVALUATING INVESTMENT OPPORTUNITIES: TIME VALUE OF MONEY APPROACHESCONSIDERING “SOFT” BENEFITS IN INVESTMENT DECISIONSESTIMATING THE REQUIRED RATE OF RETURNADDITIONAL CASH FLOW CONSIDERATIONSOTHER LONG-RUN DECISIONSSIMPLIFIED APPROACHES TO CAPITAL BUDGETINGCONFLICT BETWEEN PERFORMANCE EVALUATION AND CAPITAL BUDGETINGWILSON AIR EXAMPLE REVISITEDSummary of Learning ObjectivesAppendix: A USING EXCEL® TO CALCULATE NPV AND IRRAppendix: BReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 10: Budgetary Planning and Control
USE OF BUDGETS IN PLANNING AND CONTROLDEVELOPING THE BUDGETTHE MASTER BUDGETUSE OF COMPUTERS IN THE BUDGET PLANNING PROCESSBUDGETARY CONTROLINVESTIGATING BUDGET VARIANCESCONFLICT IN PLANNING AND CONTROL USES OF BUDGETSEVALUATION, MEASUREMENT, AND MANAGEMENT BEHAVIORTHE PRESTON JOYSTICK CASE REVISITEDSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 11: Standard Costs and Variance Analysis
STANDARD COSTSA GENERAL APPROACH TO VARIANCE ANALYSISMATERIAL VARIANCESDIRECT LABOR VARIANCESOVERHEAD VARIANCESTEST YOUR KNOWLEDGE: COMPREHENSIVE EXAMPLEINVESTIGATION OF STANDARD COST VARIANCESRESPONSIBILITY ACCOUNTING AND VARIANCESSummary of Learning ObjectivesAppendix: RECORDING STANDARD COSTS IN ACCOUNTSReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 12: Decentralization and Performance Evaluation
WHY FIRMS DECENTRALIZEWHY COMPANIES EVALUATE THE PERFORMANCE OF SUBUNITS AND SUBUNIT MANAGERSCOST CENTERS, PROFIT CENTERS, AND INVESTMENT CENTERSEVALUATING INVESTMENT CENTERS WITH ROIEVALUATION USING ECONOMIC VALUE ADDED (EVA)USING A BALANCED SCORECARD TO EVALUATE PERFORMANCEDEVELOPING A STRATEGY MAP FOR A BALANCED SCORECARDKEYS TO A SUCCESSFUL BALANCED SCORECARD: TARGETS, INITIATIVES, RESPONSIBILITY, FUNDING, TOP MANAGEMENT SUPPORTSummary of Learning ObjectivesAppendix: TRANSFER PRICINGMARKET PRICE AS THE TRANSFER PRICEMARKET PRICE AND OPPORTUNITY COSTVARIABLE COST AS THE TRANSFER PRICEFULL COST PLUS PROFIT AS THE TRANSFER PRICENEGOTIATED TRANSFER PRICESTRANSFER PRICING AND INCOME TAXES IN AN INTERNATIONAL CONTEXTReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 13: Statement of Cash Flows
NEED FOR A STATEMENT OF CASH FLOWSTYPES OF BUSINESS ACTIVITIES AND THE CLASSIFICATION OF CASH FLOWSTHE STATEMENT OF CASH FLOWS PREPARED USING THE DIRECT METHODPREPARING THE STATEMENT OF CASH FLOWS USING THE INDIRECT METHODINTERPRETING INFORMATION IN THE STATEMENT OF CASH FLOWS: THE SITUATION AT RAVIRA RESTAURANT SUPPLYSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Chapter 14: Analyzing Financial Statements: A Managerial Perspective
WHY MANAGERS ANALYZE FINANCIAL STATEMENTSHORIZONTAL AND VERTICAL ANALYSESEARNINGS MANAGEMENT AND THE NEED TO COMPARE EARNINGS AND CASH-FLOW INFORMATIONOTHER SOURCES OF INFORMATION ON FINANCIAL PERFORMANCERATIO ANALYSISA MANAGERIAL PERSPECTIVE ON THE ANALYSIS OF HGW'S FINANCIAL STATEMENTSSUMMARY OF ANALYSESSummary of Learning ObjectivesReview Problem 1Review Problem 2Key TermsSelf-AssessmentINTERACTIVE LEARNINGQUESTIONSExercisesProblemsCASES
Glossary
Index

Overview

This text is an unbound, binder-ready edition.

Recognizing that most students will pursue careers as managers not accountants, Managerial Accounting, 5th edition by James Jiambalvo is designed to teach the fundamental ideas of managerial accounting while making direct connections between managerial accounting, techniques in the business world, and students' future careers. Students and instructors alike have praised this text's clear and concise writing style, to-the-point discussions, real world cases, managers' insights, illustrated ideas, and examples.

Managerial Accounting, 5th edition highlights decision making through incremental analysis and stresses that you "Get What You Measure" in each chapter. This new edition provides students with many opportunities to test their knowledge as they learn the concepts throughout each chapter.

Students learn to apply their knowledge to solving problems like real managers in the text and in WileyPLUS.

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