Accounting for decision making and control:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York
McGraw-Hill
2014
|
| Ausgabe: | 8. ed., internat. student ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVI, 680 S. Ill., graph. Darst. |
| ISBN: | 9780071314756 007131475X |
Internformat
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Datensatz im Suchindex
| _version_ | 1804151475976273920 |
|---|---|
| adam_text | Titel: Accounting for decision making and control
Autor: Zimmerman, Jerold L
Jahr: 2014
Contents
1 Introduction 1
A. Managerial Accounting: Decision Making and Control 2
B. Design and Use of Cost Systems 4
C. Marmots and Grizzly Bears 8
D. Management Accountant s Role in the Organization 10
E. Evolution of Management Accounting: A Framework for Change 12
F. Vortec Medical Probe Example 15
G. Outline of the Text 18
H. Summary 18
2 The Nature of Costs 22
A. Opportunity Costs 23
1. Characteristics of Opportunity Costs 24
2. Examples of Decisions Based on Opportunity Costs 24
B. Cost Variation 28
1. Fixed, Marginal, and Average Costs 28
2. Linear Approximations 31
3. Other Cost Behavior Patterns 32
4. Activity Measures 33
C. Cost-Volume-Profit Analysis 35
1. Copier Example 35
2. Calculating Break-Even and Target Profits 35
3. Limitations of Cost-Volume-Profit Analysis 39
4. Multiple Products 40
5. Operating Leverage 42
D. Opportunity Costs versus Accounting Costs 44
1. Period versus Product Costs 45
2. Direct Costs, Overhead Costs, and Opportunity Costs 46
E. Cost Estimation 48
1. Account Classification 48
2. Motion and Time Studies 48
F. Summary 49
Appendix: Costs and the Pricing Decision 50
3 Opportunity Cost of Capital and Capital Budgeting 87
A. Opportunity Cost of Capital 88
B. Interest Rate Fundamentals 91
1. Future Values 91
2. Present Values 92
3. Present Value of a Cash Flow Stream 93
4. Perpetuities 94
5. Annuities 95
6. Multiple Cash Flows per Year 96
C. Capital Budgeting: The Basics 98
1. Decision to Acquire an MBA 98
2. Decision to Open a Day Spa 99
3. Essential Points about Capital Budgeting 100
D. Capital Budgeting: Some Complexities 101
1. Risk 101
2. Inflation 102
3. Taxes and Depreciation Tax Shields 104
E. Alternative Investment Criteria 106
1. Payback 106
2. Accounting Rate of Return 107
3. Internal Rate of Return (IRR) 109
4. Methods Used in Practice 112
F. Summary 112
4 Organizational Architecture 129
A. Basic Building Blocks 130
1. Self-interested Behavior, Team Production,
and Agency Costs 130
2. Decision Rights and Rights Systems 136
3. Role of Knowledge and Decision Making 136
4. Markets versus Firms 137
5. Influence Costs 139
B. Organizational Architecture 140
1. Three-Legged Stool 141
2. Decision Management versus Decision Control 145
C. Accounting s Role in the Organization s Architecture 147
D. Example of Accounting s Role: Executive
Compensation Contracts 149
E. Summary 150
5 Responsibility Accounting and Transfer Pricing 163
A. Responsibility Accounting 164
1. Cost Centers 165
2. Profit Centers 167
3. Investment Centers 168
4. Economic Value Added (EVA®) 172
5. Controllability Principle 176
B. Transfer Pricing 177
1. International Taxation 178
2. Economics of Transfer Pricing 180
3. Common Transfer Pricing Methods 184
4. Reorgnization: The Solution If All Else Fails 189
5. Recap 189
C. Summary 191
6 Budgeting 219
A. Generic Budgeting Systems 222
1. Country Club 222
2. Large Corporation 226
B. Trade-Off between Decision Management and Decision Control 229
1. Communicating Specialized Knowledge versus Performance Evaluation 229
2. Budget Ratcheting 230
3. Participative Budgeting 232
4. New Approaches to Budgeting 234
5. Managing the Trade-Off 236
C. Resolving Organizational Problems 237
1. Short-Run versus Long-Run Budgets 237
2. Line-Item Budgets 239
3. Budget Lapsing 240
4. Static versus Flexible Budgets 241
5. Incremental versus Zero-Based Budgets 242
D. Summary 245
Appendix: Comprehensive Master Budget Illustration 246
7 Cost Allocation: Theory 283
A. Pervasiveness of Cost Allocations 285
1. Manufacturing Organizations 286
2. Hospitals 287
3. Universities 287
B. Reasons to Allocate Costs 289
1. External Reporting/Taxes 289
2. Cost-Based Reimbursement 290
3. Decision Making and Control 291
C. Incentive/Organizational Reasons for Cost Allocations 292
1. Cost Allocations Are a Tax System 292
2. Taxing an Externality 293
3. Insulating versus Noninsulating Cost Allocations 299
D. Summary 302
8 Cost Allocation: Practices 329
A. Death Spiral 330
B. Allocating Capacity Costs: Depreciation 335
C. Allocating Service Department Costs 335
1. Direct Allocation Method 337
2. Step-Down Allocation Method 339
3. Service Department Costs and Transfer Pricing of Direct
and Step-Down Methods 341
4. Reciprocal Allocation Method 344
5. Recap 346
D. Joint Costs 346
1. Joint Cost Allocations and the Death Spiral 348
2. Net Realizable Value 349
3. Decision Making and Control 353
E. Segment Reporting and Joint Benefits 354
F. Summary 355
Appendix: Reciprocal Method for Allocating Service
Department Costs 356
9 Absorption Cost Systems 391
A. Job Order Costing 393
B. Cost Flows through the T-Accounts 395
C. Allocating Overhead to Jobs 398
1. Overhead Rates 398
2. Over/Underabsorbed Overhead 400
3. Flexible Budgets to Estimate Overhead 403
4. Expected versus Normal Volume 405
D. Permanent versus Temporary Volume Changes 410
E. Plantwide versus Multiple Overhead Rates 411
F. Process Costing: The Extent of Averaging 415
G. Summary 415
Appendix A: Process Costing 416
Appendix B: Demand Shifts, Fixed Costs, and Pricing 421
10 Criticisms of Absorption Cost Systems: Incentive
to Over-produce 449
A. Incentive to Overproduce 451
1. Example 451
2. Reducing the Overproduction Incentive 454
B. Variable (Direct) Costing 455
1. Background 455
2. Illustration of Variable Costing 455
3. Overproduction Incentive under Variable Costing 458
C. Problems with Variable Costing 460
1. Classifying Fixed Costs as Variable Costs 460
2. Ignores Opportunity Cost of Capacity 461
D. Beware of Unit Costs 462
E. Summary 464
11 Criticisms of Absorption Cost Systems: Inaccurate
Product Costs 483
A. Inaccurate Product Costs 484
B. Activity-Based Costing 488
1. Choosing Cost Drivers 489
2. Absorption versus Activity-Based Costing: An Example 495
C. Analyzing Activity-Based Costing 499
1. Reasons for Implementing Activity-Based Costing 499
2. Benefits and Costs of Activity-Based Costing 501
3. ABC Measures Costs, Not Benefits 503
D. Acceptance of Activity-Based Costing 505
E. Summary 509
12 Standard Costs: Direct Labor and Materials 538
A. Standard Costs 539
1. Reasons for Standard Costing 540
2. Setting and Revising Standards 541
3. Target Costing 545
B. Direct Labor and Materials Variances 546
1. Direct Labor Variances 546
2. Direct Materials Variances 550
3. Risk Reduction and Standard Costs 554
C. Incentive Effects of Direct Labor and
Materials Variances 554
1. Build Inventories 555
2. Externalities 555
3. Discouraging Cooperation 556
4. Mutual Monitoring 556
5. Satisfying 556
D. Disposition of Standard Cost Variances 557
E. The Costs of Standard Costs 559
F. Summary 561
13 Overhead and Marketing Variances 574
A. Budgeted, Standard, and Actual Volume 575
B. Overhead Variances 578
1. Flexible Overhead Budget 578
2. Overhead Rate 579
3. Overhead Absorbed 580
4. Overhead Efficiency, Volume, and
Spending Variances 580
5. Graphical Analysis 584
6. Inaccurate Flexible Overhead Budget 586
C. Marketing Variances 587
1. Price and Quantity Variances 587
2, Mix and Sales Variances 588
D. Summary 590
14 Management Accounting in a Changing Environment 608
A. Integrative Framework 609
1. Organizational Architecture 610
2. Business Strategy 611
3. Environmental and Competitive Forces Affecting
Organizations 614
4. Implications 614
B. Organizational Innovations and Management Accounting 615
1. Total Quality Management (TQM) 616
2. Just-in-Time (JIT) Production 619
3. 6 Sigma and Lean Production 623
4. Balanced Scorecard 625
C. When Should the Internal Accounting System
Be Changed? 631
D. Summary 632
Solutions to Concept Questions 653
Glossary 663
Index 672
|
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| spelling | Zimmerman, Jerold L. 1947- Verfasser (DE-588)132887134 aut Accounting for decision making and control Jerold L. Zimmerman 8. ed., internat. student ed. New York McGraw-Hill 2014 XVI, 680 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Managerial accounting Entscheidungsprozess (DE-588)4121202-2 gnd rswk-swf Kostenrechnung (DE-588)4032592-1 gnd rswk-swf Management Accounting (DE-588)4125415-6 gnd rswk-swf Rechnungswesen (DE-588)4048732-5 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Rechnungswesen (DE-588)4048732-5 s Entscheidungsprozess (DE-588)4121202-2 s DE-604 Management Accounting (DE-588)4125415-6 s Kostenrechnung (DE-588)4032592-1 s 2\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026828476&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Zimmerman, Jerold L. 1947- Accounting for decision making and control Managerial accounting Entscheidungsprozess (DE-588)4121202-2 gnd Kostenrechnung (DE-588)4032592-1 gnd Management Accounting (DE-588)4125415-6 gnd Rechnungswesen (DE-588)4048732-5 gnd |
| subject_GND | (DE-588)4121202-2 (DE-588)4032592-1 (DE-588)4125415-6 (DE-588)4048732-5 (DE-588)4123623-3 |
| title | Accounting for decision making and control |
| title_auth | Accounting for decision making and control |
| title_exact_search | Accounting for decision making and control |
| title_full | Accounting for decision making and control Jerold L. Zimmerman |
| title_fullStr | Accounting for decision making and control Jerold L. Zimmerman |
| title_full_unstemmed | Accounting for decision making and control Jerold L. Zimmerman |
| title_short | Accounting for decision making and control |
| title_sort | accounting for decision making and control |
| topic | Managerial accounting Entscheidungsprozess (DE-588)4121202-2 gnd Kostenrechnung (DE-588)4032592-1 gnd Management Accounting (DE-588)4125415-6 gnd Rechnungswesen (DE-588)4048732-5 gnd |
| topic_facet | Managerial accounting Entscheidungsprozess Kostenrechnung Management Accounting Rechnungswesen Lehrbuch |
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