Managerial and Cost Accounting Larry M Walther; Christopher J Skousen Download free books at Managerial and Cost Account ing © 2009 Larry M Walt her, under nonexclusive license t o Christ opher J Skousen & Vent us Publishing ApS All m at erial in t his publicat ion is copyright ed, and t he exclusive propert y of Larry M Walt her or his licensors ( all right s reserved) I SBN 978- 87- 7681- 491- Download free eBooks at bookboon.com Contents Managerial and Cost Accounting Cont ent s Part Introduction to Managerial Accounting 1.1 Managerial Accounting Professional Certifications in Management Accounting 10 10 2.1 2.2 2.3 2.4 2.5 2.6 2.6.1 2.6.2 2.6.3 2.7 2.7.1 2.7.2 Planning, Directing, and Controlling Decision Making Planning Strategy Positioning Budgets Directing Costing Production Analysis Controlling Monitor Scorecard 11 11 12 13 14 16 16 17 19 21 22 22 23 Cost Components 26 4.1 Product Versus Period Costs Period Costs 28 28 www.sylvania.com We not reinvent the wheel we reinvent light Fascinating lighting offers an ininite 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 beneit from international career paths Implement sustainable ideas in close cooperation with other specialists and contribute to inluencing our future Come and join us in reinventing light every day Light is OSRAM Click on the ad to read more Download free eBooks at bookboon.com Contents Managerial and Cost Accounting 5.1 5.2 5.3 5.4 5.5 5.6 5.7 Financial Statement Issues that are Unique to Manufacturers Schedule of Raw Materials Schedule of Work in Process Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Sold The Income Statement Reviewing Cost of Flow Concepts for a Manufacturer Critical Thinking About Cost Flow 29 29 30 31 31 32 32 34 Part Cost-Volume-Profit and Business Scalability 36 6.1 6.2 6.3 6.4 6.5 6.6 Cost Behavior The Nature of Costs Variable Costs Fixed Costs Business Implications of the Fixed Cost Structure Economies of Scale Dialing in Your Business Model 37 37 37 38 40 40 42 7.1 7.2 7.3 7.4 Cost Behavior Analysis Mixed Costs High-Low Method Method of Least Squares Recap 44 44 45 46 49 360° thinking Discover the truth at www.deloitte.ca/careers © Deloitte & Touche LLP and affiliated entities Click on the ad to read more Download free eBooks at bookboon.com ... bookboon.com Contents Managerial and Cost Accounting Cont ent s Part Introduction to Managerial Accounting 1.1 Managerial Accounting Professional Certifications in Management Accounting 10 10 2.1... Schedule of Cost of Goods Sold The Income Statement Reviewing Cost of Flow Concepts for a Manufacturer Critical Thinking About Cost Flow 29 29 30 31 31 32 32 34 Part Cost- Volume-Profit and Business... Business Scalability 36 6.1 6.2 6.3 6.4 6.5 6.6 Cost Behavior The Nature of Costs Variable Costs Fixed Costs Business Implications of the Fixed Cost Structure Economies of Scale Dialing in Your