Description
An easy-to-understand guide to making informed and effective business decisions
With clear explanations and real-life examples, Managerial Accounting For Dummies gives you the basic concepts, terminology, and methods you need to fully grasp this important area of business, anywhere. You'll know how to identify, measure, analyze, interpret, and communicate the data that drives decision making in every industry. Understand and manage costs, plan, budget, and use these accounting skills for business evaluation and control.
This approachable guide covers all the content in a typical managerial accounting course, making it perfect for students preparing for accounting careers. Professionals looking for a refresher will also benefit from this straightforward resource.
Inside:
- Get clear descriptions of managerial accounting techniques and processes
- Learn how to collect, report, and analyze financial data to drive effective business decisions
- Discover how managerial accounting can improve sustainability and reduce risk
Managerial Accounting For Dummies, 2nd Edition provides comprehensive information on global strategic management, basic data analysis techniques, and beyond—you'll understand all parts of the managerial accounting process and why it matters with this accessible resource.
Table of Contents
Introduction 1
Part 1: Introducing Managerial Accounting 7
Chapter 1: The Role of Managerial Accounting 9
Chapter 2: Using Managerial Accounting in Your Business 27
Part 2: Managing Costs and Profitability 37
Chapter 3: Classifying Costs 39
Chapter 4: Figuring Cost of Goods Manufactured and Sold 49
Chapter 5: Teaching Costs to Behave: Variable and Fixed Costs 61
Chapter 6: Allocating Overhead 79
Chapter 7: Job Order Costing: Having It Your Way 93
Chapter 8: Process Costing: Get In Line 107
Chapter 9: Straight to the Bottom Line: Examining Contribution Margin 127
Part 3: Using Managerial Accounting Techniques to Make Decisions 145
Chapter 10: Capital Budgeting: Should You Buy That? 147
Chapter 11: Reality Check: Making and Selling More than One Product 161
Chapter 12: The Price Is Right: Knowing How Much to Charge 171
Chapter 13: Spreading the Wealth with Transfer Prices 181
Part 4: Planning and Controlling Operations 193
Chapter 14: Responsibility Accounting 195
Chapter 15: Master Budgets: Planning for the Future 205
Chapter 16: Flexing Your Budget: When Plans Change 221
Chapter 17: Variance Analysis: To Tell the Truth 227
Part 5: Managerial Accounting and Strategy 245
Chapter 18: Managing Risks: What Could Go Wrong? 247
Chapter 19: The Balanced Scorecard: Reviewing Your Business’s Report Card 259
Chapter 20: Measuring Corporate Social Responsibility 275
Part 6: The Part of Tens 285
Chapter 21: Ten Key Managerial Accounting Formulas 287
Chapter 22: Ten Careers in Managerial Accounting 295
Chapter 23: Ten Legends of Managerial Accounting 299
Index 305
