December 2011
Intermediate to advanced
1576 pages
59h 46m
English
Content preview from Financial and Managerial Accounting
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Chapter 15 Managerial Accounting
Learning Objectives
After studying this chapter, you should be able to:
- Explain the distinguishing features of managerial accounting.
- Identify the three broad functions of management.
- Define the three classes of manufacturing costs.
- Distinguish between product and period costs.
- Explain the difference between a merchandising and a manufacturing income statement.
- Indicate how cost of goods manufactured is determined.
- Explain the difference between a merchandising and a manufacturing balance sheet.
- Identify trends in managerial accounting.
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