TAILIEUCHUNG - Lecture Managerial accounting: Chapter 1 - Weygandt, Kieso, & Kimmel

After studying this chapter, you should be able to: Explain the distinguishing features of managerial accounting, identify the three broad functions of management, define the three classes of manufacturing costs, distinguish between product and period costs, explain the difference between a merchandising and a manufacturing income statement. | John Wiley & Sons, Inc. Prepared by Karleen Nordquist The College of St. Benedict. and St. John’s University. with contributions by Marianne Bradford The University of Tennessee. Gregory K. Lowry . Macon Technical Institute Managerial Accounting Weygandt, Kieso, & Kimmel Chapter 1 Managerial Accounting After studying this chapter, you should be able to: 1 Explain the distinguishing features of managerial accounting. 2 Identify the three broad functions of management. 3 Define the three classes of manufacturing costs. 4 Distinguish between product and period costs. 5 Explain the difference between a merchandising and a manufacturing income statement. Chapter 1 Managerial Accounting After studying this chapter, you should be able to: 6 Indicate how cost of goods manufactured is determined. 7 Explain the difference between a merchandising and a manufacturing balance sheet. Chapter 1 Managerial Accounting Preview of Chapter 1 Managerial Accounting Basics Comparing managerial

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