Description:
Descriptions :
This innovative, contemporary, and relevant text focuses on the use of accounting information for decision making and places students into situations where management decisions need to be made. Students learn both when and why accounting information is key to communicating important information within an organization, so that as managers they can make informed choices. The first half of the text demonstrates how organizations use accounting information to make financing, investing, and operating decisions. The second half emphasizes managerial accounting as a key communication process for management decision making.
Table of contents :
SECTION F1. THE ACCOUNTING INFORMATION SYSTEM
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1. Accounting and Organizations
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2. Business Activities - The Source of Accounting Information
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3. Measuring Revenues and Expenses
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4. Reporting Earnings and Financial Position
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5. Reporting Cash Flows
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6. Full and Fair Reporting
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7. Computerized Accounting Systems
SECTION F2. ANALYSIS AND INTERPRETATION OF FINANCIAL ACCOUNTING
INFORMATION
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8. The Time Value of Money
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9. Financing Activities
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10. Analysis of Financing Activities
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11. Investing Activities
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12. Analysis of Investing Activities
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13. Operating Activities
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14. Analysis of Operating Activities
SECTION M1: PRODUCT COSTING AND DECISION MAKING
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1. Accounting and Management Decisions 2. Cost Categories and Flows 3. Producing Goods and Services: Batch Processing 4. Producing Goods and Services: Continuous Processing 5. Cost Allocation and Activity-Based Management 6. Computerized Manufacturing Systems. 7. Analyzing Cost Behavior
SECTION M2: CONTROL, MEASUREMENT, AND EVALUATION
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8. The Budgeting Process: Planning Business Activities 9. Cost Variances and Quality Management 10. Managing Multi-Divisional Organizations 11. Improving Operational Performance 12. Capital Investment Decisions 13. A Closer Look at Service Organizations
Appendix A. Letter to Coca-Cola Shareholders
Appendix B. General Mills, Inc. 2002 Annual Report
Appendix C. Sources of Information About Companies and Industries.
Glossary. Index.