TAILIEUCHUNG - Lecture Managerial accounting: Creating value in a dynamic business environment (10th edition): Chapter 14 - Ronald W. Hilton, David E. Platt

Chapter 14 - Decision making: Relevant costs and benefits. After completing this chapter, you should be able to: Describe seven steps in the decision-making process and the managerial accountant’s role in that process; explain the relationship between quantitative and qualitative analyses in decision making; list and explain two criteria that must be satisfied by relevant information;. | Decision Making: Relevant Costs and Benefits Chapter 14 Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 1 Chapter 14. Decision Making: Relevant Costs and Benefits The Decision-Making Process 1. Clarify the Decision Problem 2. Specify the Criterion 3. Identify the Alternatives 4. Develop a Decision Model 5. Collect the Data 6. Make a Decision Primarily the responsibility of the managerial accountant. Information should be: 1. Relevant 2. Accurate 3. Timely 14- 4 4 Accounting data is typically kept in quantitative measures, and, is important in the decision–making process. Managers must use their skills, their judgment and their ethics to make difficult decisions. While involved in all stages of the decision-making process, the managerial accountant’s primary role is to provide quantitative data and analysis that are relevant, accurate and timely to the decision being made. The

• Kế toán - Kiểm toán
• Managerial accounting
• Kế toán quản trị
• Dynamic business environment
• Financial accounting
• Decision making
• Relevant costs
• Managerial accounting for managers
• Lecture Managerial accounting
• Profitability analysis
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Managerial accounting information
• General cost classifi cations
• Product costs
• Process costing
• Standard costing systems
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Lecture Financial and managerial accounting
• Financial statements
• Managerial decisions
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Capital budgeting decisions
• Time value of money
• Income taxes
• After tax cost