management accounting for decision makers, 6th edition (2009)

... non-financial information CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 24 ‘ Management decisions requiring management accounting information Figure 1.9 Management accounting information is required ... and the value of providing additional management accounting information Figure 1.6 The benefits of management accounting information eventually decline. The cost...

Ngày tải lên: 20/06/2014, 23:20

... (number of baskets) (number of baskets) Expected volume of sales 500 500 BEP 250 429 Difference (margin of safety): Number of baskets 250 71 Percentage of estimated volume of sales 50% 14% Margin of ... senior management is reviewing the performance of one hotel and making plans for next year. The managers have in front of them the results for this year (based on so...

Ngày tải lên: 20/06/2014, 23:20

... product or service. The logic of full costing is that the entire cost of running a particular facility, say an of ce, is part of the cost of the output of that of ce. For example, the rent may be ... providing management accounting infor- mation is to help managers make more informed decisions. There are broadly four areas where managers use information concerning the full c...

Ngày tải lên: 20/06/2014, 23:20

... standard profit mark-up of 25 per cent of full cost. Management is concerned by the lack of profit. Full cost for one unit of a product is calculated by charging overheads to each type of product ... some theoretical aspects of the subject before going on to look at some more practical issues, particu- larly the role of management accounting information in pricing decisi...

Ngày tải lên: 20/06/2014, 23:20

... senior management is aware of the potentially threatening nature of this form of budgeting, care can be taken to apply ZBB with sensitivity. However, in the quest for cost control and value for ... single product decision will cause the business to amend it. Required: (a) Prepare a summary of information that would help with the pricing decision for the new product. Such i...

Ngày tải lên: 20/06/2014, 23:20

... Fuel Miser consists of one of each component. The planned sales for the first seven months of the forthcoming accounting period, by channels of distribution and in terms of Fuel Miser units, ... some form of borrowing, the consequences could be more profound, such as the loss of profits on business that was not able to be under- taken because of the lack of funds. Non-ope...

Ngày tải lên: 20/06/2014, 23:20

... £000 Immediately Cost of machine (100) 1 year’s time Operating profit before depreciation 20 2 years’ time Operating profit before depreciation 40 3 years’ time Operating profit before depreciation ... question of ‘horses for courses’. Accounting profit is fine for measuring performance over short periods, but cash is the appropriate measure when considering the performance over the l...

Ngày tải lên: 20/06/2014, 23:20

... The software has a life of two years and will then become obsolete. The cost of producing the software was £10,000. The client has agreed to pay a licence fee of £8,000 a year for the software ... out some of the main findings. REAL WORLD 8.10 A survey of US practice A survey of the chief financial officers (CFOs) of 392 US businesses examined the popularity of various method...

Ngày tải lên: 20/06/2014, 23:20

... is reviewing the performance of one hotel and making plans for next year. The managers have in front of them the results for this year (based on some actual results and some forecasts to the end ... activity Figure 3.4 Here the electricity bill for a time period (for example, three months) is plotted against the vol- ume of activity for that same period. This is done for a series o...

Ngày tải lên: 21/06/2014, 04:20

... of machine for which facilities exist to produce a maximum of 10 machines each week. To assist management in a decision on the price to charge for the new machine, two pieces of information have ... overheads for next year, analysed between the two cost centres. This should be in the form of three columns: one for the total figure for each type of overhead and one column each f...

Ngày tải lên: 21/06/2014, 04:20

... M., Management Accounting, 5th edn, Prentice Hall, 2007, chapter 11. Drury, C., Management and Cost Accounting, 7th edn, Cengage Learning, 2007, chapter 15. Hilton, R., Managerial Accounting, 6th ... to use the May figures for explaining the variances. Note that the business had budgeted for a higher level of output for June than it did for May. CHAPTER 7 ACCOUNTING FOR CO...

Ngày tải lên: 21/06/2014, 04:20

... resources and for distribu- tion to owners. Accounting profit, on the other hand is more appropriate for reporting achievement on a periodic basis. It is a useful measure of productive effort for a rela- tively ... really a question of ‘horses for courses’. Accounting profit is fine for measuring performance over short periods, but cash is the appropriate measure when considering t...

Ngày tải lên: 21/06/2014, 04:20

... Conventional management accounting has been criticised, however, for failing to address fully the strategic aspects of managing a business. This criticism does not mean that the management accounting ... subject must continue to develop if it is to retain a high degree of relevance for decision makers. Strategic management accounting is still a fairly new topic and there i...

Ngày tải lên: 21/06/2014, 04:20

... considered a better performance indicator than ROI. l Assessing divisional performance requires some basis for comparison. A particular division can be compared with that for: – Other divisions ... evaluating the credit decision It is possible to view the credit decision as a capital investment decision. Granting trade credit involves an opportunity outlay of resources in the form of...

Ngày tải lên: 21/06/2014, 04:20

... University of Plymouth. Management Accounting for Decision Makers Atrill McLaney Sixth Edition CVR_ATRI3622_06_SE_CVR.indd 1 2/6/09 09:46:05 Management Accounting for Decision Makers A01_ATRI3622_06_SE_A01.QXD ... study, Management Accounting for Decision Makers is praised for its clear, accessible and uncluttered style. It provides a comprehensive introduction...

Ngày tải lên: 04/11/2014, 16:00