TAILIEUCHUNG - Lecture Accounting principles (12th Edition): Chapter 19 - Weygandt, Kimmel, Kieso

Chapter 19 - Managerial accounting. In this chapter, the learning objectives are: Identify the features of managerial accounting and the functions of management, describe the classes of manufacturing costs and the differences between product and period costs, demonstrate how to compute cost of goods manufactured and prepare financial statements for a manufacturer. | Learning Objectives Identify the features of managerial accounting and the functions of management. Demonstrate how to compute cost of goods manufactured and prepare financial statements for a manufacturer. 3 Discuss trends in managerial accounting. 1 4 Describe the classes of manufacturing costs and the differences between product and period costs. 2 Managerial Accounting 19 Managerial accounting provides economic and financial information for managers and other internal users. LEARNING OBJECTIVE Identify the features of managerial accounting and the functions of management. 1 LO 1 Comparing Managerial and Financial Accounting Illustration 19-1 Differences between financial and managerial accounting LO 1 Planning Maximize short-term profit and market share. Commit to environmental protection and social programs. Add value to the business. Directing Controlling Coordinate diverse activities and human resources. Implement planned objectives. Provide incentives to motivate employees. Hire and train employees. Produce a smooth-running operation. Keeping activities on track. Determine whether goals are met. Decide changes needed to get back on track. May use an informal or formal system of evaluations. Management Functions LO 1 Louis Vuitton Even the Best Have to Get Better Luxury-goods manufacturers used to consider stockouts to be a good thing. But recently, Louis Vuitton, a French manufacturer of high-end handbags, wallets, and suitcases, changed its attitude. The company adopted “lean” processes used by car manufacturers and electronics companies to speed up production of “hot” products. Work is done by flexible teams, with jobs organized based on how long a task takes. By reducing wasted time and eliminating bottlenecks, what used to take 20 to 30 workers eight days to do now takes only 6 to 12 workers one day. Other efforts included organizing 10-person factory teams into U-shaped clusters. This arrangement freed up floor space, allowing Louis Vuitton to hire 300

• Kế toán - Kiểm toán
• Manufacturing costs
• Management functions
• Organizational structure
• Accounting principles
• Lecture Accounting principles
• Nguyên lý kế toán
• Internal failure costs of soap production company
• Internal failure costs of refined oil
• Internal failure costs
• Tree become systemic resolution tools
• Cameroonian manufacturing company AZUR
• Lecture Product Design and Development
• Product design
• Product development
• Design for manufacturing
• Cross functional teams
• Design rules
• Managerial accounting
• Dynamic business environment
• Cost management
• Product costs
• Goods manufactured
• Improving effectiveness of parallel machine scheduling with earliness
• Improving effectiveness of parallel machine scheduling witht ardiness costs
• The Overall Equipment Effectiveness
• Measuring the manufacturing productivity
• Lecture Managerial accounting
• Job order costing
• Manufacturing firms
• Decision making
• Manufacturing planning
• Control for supply chain management
• Supply chain management
• Inventory control methods
• Inventory costs
• Economic order quantity
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Controlling manufacturing costs
• Standard costs
• Kế toán quản trị
• Six Sigma
• Problem Solving
• Traditional QFDs
• Gauge Verification
• Data Plots
• Tolerance AnalysisIn a slow economy
• companies no longer have the luxury of business as usual
• Organizations must try to prevent quality issues
• quickly identify and solve problems if they do occur
• and drive down costs by increasing efficiencies
• Six Sigma has proven its value in all these areas
• and it is already in use at many large manufacturing companies
• quality management
• project analysis
• manufacturing standards
• business project
• evaluation costs
• process management
• Management Accountant
• Process cost accounting
• Process cost flow
• Assignment of manufacturing costs
• Compute equivalent units
• Distinguishing features
• Distinguish between product
• Activity based absorption costing
• Manufacturing overhead costs
• Profitability analysis
• Product level activities
• Financial and managerial accounting
• Finance accounting and Auditing
• Activity based costing method
• Brick production
• Environmental cost
• Environmental management accounting
• Lecture Budgeting
• Budgeting fundamentals
• Revenue budgets
• Business strategy
• Master budget
• Job order cost accounting
• Cost accounting systems
• Process cost system
• Accumulating manufacturing costs