Larry M. Walther; Christopher J. Skousen Managerial and Cost Accounting Download free books at Download free eBooks at bookboon.com 2 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 bookboon.com Click on the ad to read more Managerial and Cost Accounting 3 Contents 9 10 10 11 11 12 13 14 16 16 17 19 21 22 22 23 26 28 28 Contents Part 1. Introduction to Managerial Accounting 1. Managerial Accounting 1.1 Professional Certifi cations in Management Accounting 2. Planning, Directing, and Controlling 2.1 Decision Making 2.2 Planning 2.3 Strategy 2.4 Positioning 2.5 Budgets 2.6 Directing 2.6.1 Costing 2.6.2 Production 2.6.3 Analysis 2.7 Controlling 2.7.1 Monitor 2.7.2 Scorecard 3. Cost Components 4. Product Versus Period Costs 4.1 Period Costs www.sylvania.com We do not reinvent the wheel we reinvent light. Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day. Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Managerial and Cost Accounting 4 Contents 5. Financial Statement Issues that are Unique to Manufacturers 5.1 Schedule of Raw Materials 5.2 Schedule of Work in Process 5.3 Schedule of Cost of Goods Manufactured 5.4 Schedule of Cost of Goods Sold 5.5 The Income Statement 5.6 Reviewing Cost of Flow Concepts for a Manufacturer 5.7 Critical Thinking About Cost Flow Part 2. Cost-Volume-Profi t and Business Scalability 6. Cost Behavior 6.1 The Nature of Costs 6.2 Variable Costs 6.3 Fixed Costs 6.4 Business Implications of the Fixed Cost Structure 6.5 Economies of Scale 6.6 Dialing in Your Business Model 7. Cost Behavior Analysis 7.1 Mixed Costs 7.2 High-Low Method 7.3 Method of Least Squares 7.4 Recap 29 29 30 31 31 32 32 34 36 37 37 37 38 40 40 42 44 44 45 46 49 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers