TAILIEUCHUNG - Lecture Accounting: What the numbers mean (5/e) - Chapter 12: Managerial accounting and cost-volume-profit relationships

After reading this chapter, you should be able to answer the following questions: What is the managerial planning and control cycle? What are the major differences between financial accounting and managerial accounting? What is the difference between variable and fixed cost behavior patterns, and what simplifying assumptions are made in this classification method?. | CHAPTER 12 MANAGERIAL ACCOUNTING AND COST-VOLUME-PROFIT RELATIONSHIPS McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives What is the managerial planning and control cycle? What are the major differences between financial accounting and managerial accounting? What is the difference between variable and fixed cost behavior patterns, and what simplifying assumptions are made in this classification method? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives Why are fixed costs expressed on a per unit of activity basis misleading, and why may this result in faulty decisions? What kinds of costs are likely to have a variable cost behavior pattern, and what kinds of costs are likely to have a fixed costs behavior pattern? How can the high-low method be used to determine the cost formula for a cost that has a mixed behavior pattern? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives What is the difference between the traditional income statement format and the contribution statement format? What is the importance of using the contribution margin format to analyze the impact of cost and sales volume changes on operating income? How is the contribution margin ratio calculated, and how can it be used in CVP analysis? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives How can changes in sales mix affect the projections using CVP analysis? What are the meaning and significance of the break-even point, and how is the break-even point calculated? What is the concept of operating leverage? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objective 1 What is the managerial planning and control cycle? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Managerial Accounting Contrasted to Financial Accounting Managerial accounting supports the internal planning decision made by management Financial accounting has more of a score-keeping, historical orientation

• Kế toán - Kiểm toán
• Lecture Accounting
• Cost analysis
• What the numbers mean
• Managerial accounting
• Cost volume profit relationships
• Financial accounting
• Lecture Financial accounting
• Accounting information
• Management accounting
• Accounting standards
• Accounting equation
• Intermediate accounting
• Lecture Intermediate accounting
• Accounting process
• Accounting processing cycle
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Merchandising operations
• Lecture Accounting 1
• Accounting for main transactions
• Accounting for purchases
• Accounting for sales
• Accounting for expenses
• Principle of accounting
• Lecture Principle of accounting
• The basic accounting equation
• Transaction analysis in accounting equation
• Calculate the accounting equation
• Lecture Advanced financial accounting
• Bài giảng Kế toán tài chính nâng cao
• Advanced financial accounting
• Accounting policies
• Accounting estimate
• Retrospective application
• Changes in accounting estimates
• Retrospective restatements
• Accounting assumptions
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Financial system
• Lecture Accounting and financial system
• Ledger accounting
• Trial balance
• Completing the accounting cycle
• Accounting cycle
• Accounting worksheet
• Classified balance sheet
• Accounting changes
• Error corrections
• Accounting choices
• Accounting for business
• Lecture Accounting for business
• Accounting entity
• Classification of assets
• Accounting equation transactions