Management Accounting

Höfundar: Carsten Rohde, Will Seal, Karen Mustard, Ray H. Garrison, Eric Noreen (Útgáfa: 7)
Management Accounting

Kaup valmöguleikar

Management Accounting er leiðandi kennslubók sem fjallar heildstætt um kostnaðar- og rekstrarreikningshald, um upplýsingar til ákvarðanatöku, um áætlanagerð, eftirlit með fjárhagsáætlunum og skýrslugjöf, og um frammistöðustjórnun í stefnumótandi samhengi. Í sjöundu útgáfu er lögð sérstök áhersla á þá færni sem eykur atvinnuhæfni, og dregin fram nýjustu sjónarmið um umhverfismál, félagsleg málefni og stjórnarhætti.

Bókin heldur jafnvægi milli kenninga og framkvæmdar í rekstrarreikningshaldi og er sniðin að námskeiðum í Bretlandi og Evrópu. Hún heldur aðgengilegum stíl og hagnýtri nálgun og hentar nemendum í rekstrarreikningshaldi, allt frá byrjendastigi til lengra kominna. Meðal einkenna hennar eru skýr og aðgengileg framsetning, rammar í hverjum kafla sem sýna nákvæmlega hvernig kenningar rekstrarreikningshalds hafa áhrif á fyrirtæki, með dæmum frá þekktum fyrirtækjum og atvinnugreinum, samtöl sem sýna álitamál í raunverulegum aðstæðum, krosstilvísanir milli kafla og upprifjunarspurningar.

Nýtt í þessari útgáfu eru rammar sem byggja á CGMA hæfniramma og sýna fjölbreytt störf innan reikningshalds og þá lykilfærni sem þau krefjast, uppfærð umfjöllun og nýir kaflar um sjálfbærni og samfélagsábyrgð, stórgögn og gagnagreiningu, áhættustjórnun eftir COVID-19 og framsetningu gagna í myndritum, auk uppfærðra spurninga, æfinga og raundæma sem flokkuð eru eftir þyngd.

Nánar um bókina

Útgefandi
McGraw-Hill UK
ISBN
9781526849816
Print ISBN
9781526849809
Format
ePub
Útgáfa
7
Höfundar
Carsten Rohde, Will Seal, Karen Mustard, Ray H. Garrison, Eric Noreen
Tungumál
English
Útgefið
2024-09-23
Prent takmörkun á líftíma
100
Prent takmörkun
2
Afritunar takmörkun
2

Kaflar

  • Table of Contents and Preface
  • Halftitle
  • Title Page
  • Copyright Page
  • Brief table of contents
  • Detailed table of contents
  • About the authors
  • Preface
  • Employability
  • Big data, data analytics and Excel
  • Content
  • Superior pedagogy
  • Resources
  • Terminology
  • Acknowledgements
  • Guided tour
  • Learning Objectives
  • Concepts in Context
  • Focus on Practice
  • Focus on Employability
  • Exhibits and Tables
  • Management Accounting in Action
  • Key Terms
  • Summary
  • End of Chapter Assessment Material
  • Connect Accounting
  • INSTRUCTORS
  • STUDENTS
  • ACCESS OPTIONS
  • Create
  • Chapter 1: Management accounting and the business environment
  • Part One: Introduction
  • Introduction
  • The work of management and the need for management accounting information
  • Planning
  • Directing and motivating
  • Controlling
  • The end results of managers’ activities
  • The planning and control cycle
  • Decision making
  • Comparison of financial and management accounting
  • Emphasis on the future
  • Relevance and flexibility of data
  • Less emphasis on precision
  • Segments of an organization
  • International Financial Reporting Standards (IFRS)
  • Management accounting – not mandatory
  • Basic organizational structure
  • Decentralization
  • Line and staff relationships
  • Expanding and changing role of management accounting
  • The sources of management accounting knowledge
  • International diversity in management accounting traditions
  • Globalization and international competition
  • Changes in the business environment and management accounting
  • New business processes and technologies
  • Enterprise resource planning systems
  • Deregulation, privatization and re-regulation
  • The increased importance of service sector management
  • Managing for value
  • Embedding ESG and Corporate Social Responsibility into strategy
  • Environmental management accounting (EMA)
  • Corporate governance, professional and business ethics
  • Some implications for the roles of management accountants
  • Summary
  • Key Terms for Review
  • Questions
  • Basic
  • Intermediate
  • Exercises
  • Problems
  • Intermediate
  • Cases
  • Intermediate
  • Reading and research
  • Endnotes
  • Chapter 2: An introduction to cost terms, concepts and classifications
  • Introduction
  • General cost classifications
  • LO1 Manufacturing costs
  • Non-manufacturing costs
  • LO2 Product costs versus period costs
  • Cost classifications on financial statements
  • The statement of financial position
  • The statement of profit or loss
  • Schedule of cost of goods manufactured
  • Product costs: a closer look
  • Inventoriable costs
  • An example of cost flows
  • Costing in service organizations: a first look
  • Cost classifications for predicting cost behaviour
  • Variable cost
  • Fixed cost
  • Cost classifications for assigning costs to cost objects
  • Direct cost
  • Indirect cost
  • Cost classifications for decision making
  • Differential cost and revenue
  • Opportunity cost
  • Sunk cost
  • Summary
  • Key Terms for Review
  • Review Problems
  • Review problem 1: cost terms
  • Solution to review problem 1: cost terms
  • Review problem 2: schedule of cost of goods manufactured and statement of profit or loss
  • Solution to review problem 2: schedule of cost of goods manufactured and statement of profit or loss
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Applying Excel
  • Intermediate
  • Exercises
  • Basic
  • Intermediate
  • Problems
  • Basic
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 3: Cost behaviour: analysis and use
  • Introduction
  • Types of cost behaviour patterns
  • Variable costs
  • The activity base
  • True variable versus step-variable costs
  • The linearity assumption and the relevant range
  • Fixed costs
  • Types of fixed costs
  • The trend toward fixed costs
  • Is labour a variable or a fixed cost?
  • Fixed costs and the relevant range
  • Mixed costs
  • The analysis of mixed costs
  • The high–low method
  • The scattergraph method
  • The least-squares regression method
  • Multiple regression analysis
  • The contribution format
  • Why a new statement of profit or loss format?
  • The contribution approach
  • Summary
  • Key Terms for Review
  • Appendix 3A: Least-squares regression calculations
  • Appendix 3B: Non-linear cost functions and the learning curve
  • Appendix 3C: Cost measurement in service industries
  • Review Problems
  • Review problem 1: cost behaviour
  • Solution to review problem 1
  • Review problem 2: high–low method
  • Solution to review problem 2
  • Questions
  • Intermediate
  • Advanced
  • Applying Excel
  • Basic
  • Intermediate
  • Exercises
  • Basic
  • Problems
  • Intermediate
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 4: Job-order and service department costing
  • Introduction
  • Process and job-order costing
  • Process costing
  • Job-order costing
  • Job-order costing: an overview
  • Measuring direct materials cost
  • Job cost sheet
  • Measuring direct labour cost
  • Application of manufacturing overhead
  • Choice of an allocation base for overhead cost
  • Computation of unit costs
  • Summary of document flows
  • Job-order costing: the flow of costs
  • The purchase and issue of materials
  • Labour cost
  • Manufacturing overhead costs
  • The application of manufacturing overhead
  • Non-manufacturing costs
  • Cost of goods manufactured
  • Cost of goods sold
  • Summary of cost flows
  • Problems of overhead application
  • Underapplied and overapplied overhead
  • Disposition of underapplied or overapplied overhead balances
  • A general model of product cost flows
  • Multiple predetermined overhead rates
  • Job-order costing in service companies
  • The predetermined overhead rate and capacity
  • Summary
  • Key Terms for Review
  • Appendix 4A: Service department costing
  • Allocations using the direct and step methods
  • Selecting allocation bases
  • Interdepartmental services
  • Effect of allocations on operating departments
  • Some cautions in allocating service department costs
  • Should all costs be allocated?
  • Review Problems
  • Review problem: job-order costing
  • Solution to review problem: job-order costing
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Basic
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnote
  • Chapter 5: Process costing
  • Introduction
  • Comparison of job-order and process costing
  • Similarities between job-order and process costing
  • Differences between job-order and process costing
  • A perspective of process cost flows
  • Processing departments
  • The flow of materials, labour and overhead costs
  • Materials, labour and overhead cost entries
  • Equivalent units of production
  • Weighted-average method
  • Production report – weighted-average method
  • A comment about rounding errors
  • FIFO method
  • Equivalent units – FIFO method
  • Comparison of equivalent units of production under the weighted-average and FIFO methods
  • Production report – FIFO method
  • A comparison of costing methods
  • Standard costing method
  • Operation costing
  • Summary
  • Key Terms For Review
  • Review problem
  • Review problem: process cost flows and reports
  • Solution to review problem: process cost flows and reports
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Exercises
  • Basic
  • Intermediate
  • Problems
  • Intermediate
  • Cases
  • Advanced
  • Reading and research
  • Endnote
  • Chapter 6: Cost–volume–profit relationships
  • Part Two: Introduction
  • Introduction
  • The basics of cost–volume–profit (CVP) analysis
  • Contribution margin
  • Contribution margin ratio (CM ratio)
  • Some applications of CVP concepts
  • Change in fixed cost and sales volume
  • Change in variable costs and sales volume
  • Change in fixed cost, sales price and sales volume
  • Change in variable cost, fixed cost and sales volume
  • Change in regular sales price
  • Importance of the contribution margin
  • Break-even analysis
  • Break-even computations
  • Break-even computations using Excel
  • CVP relationships in graphic form
  • Preparing the CVP graph
  • Target profit analysis
  • The CVP equation
  • The contribution margin approach
  • The margin of safety
  • CVP considerations in choosing a cost structure
  • Cost structure and profit stability
  • Operating leverage
  • Automation: risks and rewards from a CVP perspective
  • Structuring sales commissions
  • The concept of sales mix
  • The definition of sales mix
  • Sales mix and break-even analysis
  • Assumptions of CVP analysis
  • Summary
  • Key Terms for Review
  • Review Problems
  • Review problem: CVP relationships
  • Solution to review problem: CVP relationships
  • Questions
  • Intermediate
  • Advanced
  • Applying Excel
  • Intermediate
  • Advanced
  • Exercises
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 7: Profit reporting under variable costing and absorption costing
  • Introduction
  • Overview of absorption and variable costing
  • Absorption costing
  • Variable costing
  • Unit cost computations
  • Profit comparison of absorption and variable costing
  • Extended comparison of profit data
  • Effect of changes in production on profit
  • Variable costing
  • Absorption costing
  • The impact on the manager
  • Choosing a costing method
  • External reporting
  • Decision making
  • Advantages of variable costing and the contribution approach
  • Impact of JIT methods
  • Summary
  • Key Terms for Review
  • Review problem
  • Solution to review problem: reporting effects of different costing methods
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Basic
  • Intermediate
  • Problems
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Chapter 8: Performance measurement and reporting on segments
  • Introduction
  • Decentralization in organizations
  • Decentralization and segment reporting
  • LO1 Cost, profit and investment centres
  • LO2 Responsibility centres
  • Segment reporting and profitability analysis
  • Levels of segmented statements
  • Revenue and contribution margin
  • Traceable and common fixed costs
  • Traceable costs can become common costs
  • Segment margin
  • There is more than one way to segment a company
  • Hindrances to proper cost assignment
  • Omission of costs
  • Inappropriate methods for allocating costs among segments
  • Arbitrarily dividing common costs among segments
  • Rate of return for measuring managerial performance
  • The return on investment (ROI) formula
  • Operating profit and operating assets
  • Plant and equipment: net book value or gross cost?
  • Controlling the rate of return
  • Increase revenue
  • Reduce expenses
  • Reduce operating assets
  • Criticisms of ROI
  • Residual income – another measure of performance
  • Motivation and residual income
  • Divisional comparison and residual income
  • The problem of single-period metrics: the bonus bank approach
  • Summary
  • Key Terms for Review
  • Review Problems
  • Review problem 1: segmented statements
  • Solution to review problem 1: segmented statements
  • Review problem 2: return on investment (ROI) and residual income
  • Solution to review problem 2: return on investment (ROI) and residual income
  • Questions
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 9: Activity-based costing
  • Introduction
  • How costs are treated under activity-based costing (ABC)
  • Non-manufacturing costs and ABC
  • Manufacturing costs and ABC
  • The costs of idle capacity in ABC
  • Designing an ABC system
  • Identifying activities to include in the ABC system
  • The mechanics of ABC
  • Tracing overhead costs to activities and cost objects
  • LO3 Assigning costs to activity cost pools
  • Computation of activity rates
  • Targeting process improvements: activity-based management
  • Assigning costs to cost objects
  • Overhead costs computed using the ABC system
  • Product margins and customer profitability computed using the ABC system
  • Comparison of traditional and ABC product costs
  • Product margins computed using the traditional cost system
  • The differences between ABC and traditional product costs
  • ABC product costs – an action analysis
  • Ease of adjustment codes
  • The action analysis view of the ABC data
  • Service costing and management: the benefits of an ABC approach
  • Time-driven ABC
  • ABC and external reports
  • A simplified approach to ABC
  • Summary
  • Key Terms for Review
  • Review problem
  • Review problem: activity-based costing
  • Solution to review problem: activity-based costing
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Basic
  • Problems
  • Advanced
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 10: Relevant costs for decision making
  • Introduction
  • Cost concepts for decision making
  • LO1 Identifying relevant costs and benefits
  • Different costs for different purposes
  • Sunk costs are not relevant costs
  • LO2 Book value of old equipment
  • Future costs that do not differ are not relevant costs
  • An example of irrelevant future costs
  • Why isolate relevant costs?
  • Adding and dropping product lines and other segments
  • An illustration of cost analysis
  • A comparative format
  • Beware of allocated fixed costs
  • The make or buy decision
  • An example of make or buy
  • The matter of opportunity cost
  • Special orders
  • Utilization of constrained resources
  • Contribution in relation to a constrained resource
  • Managing constraints
  • The problem of multiple constraints in the short run: linear programming
  • Sensitivity analysis
  • Shadow prices
  • The limitations of the linear programming model as a management accounting technique
  • Joint product costs and the contribution approach
  • The pitfalls of allocation
  • Sell or process further decisions
  • Activity-based costing and relevant costs
  • Summary
  • Key Terms for Review
  • Review problem
  • Review problem: relevant costs
  • Solution to review problem: relevant costs
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Basic
  • Intermediate
  • Advanced
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 11: Profit planning and the role of budgeting
  • Part Three: Introduction
  • Introduction
  • The basic framework of budgeting
  • Definition of budgeting
  • Personal budgets
  • Differences between planning and control
  • Advantages of budgeting
  • Responsibility accounting
  • Choosing a budget period
  • The participative or self-imposed budget
  • The matter of human relations
  • The budget committee
  • The master budget inter-relationships
  • Sales forecasting – a critical step
  • Preparing the master budget
  • The sales budget
  • The production budget
  • The direct materials budget
  • The direct labour budget
  • The manufacturing overhead budget
  • The ending finished goods inventory budget
  • The selling and administrative expense budget
  • The cash budget
  • The budgeted statement of profit or loss
  • The budgeted statement of financial position
  • Expanding the budgeted statement of profit or loss
  • Activity-based budgeting
  • Some criticisms of budgeting as a performance management system
  • Reform or abandon budgeting?
  • The Beyond Budgeting Round Table
  • Summary
  • Key Terms For Review
  • Review problem
  • Review problem: budget schedules
  • Solution to review problem: budget schedules
  • Questions
  • Intermediate
  • Advanced
  • Applying Excel
  • Intermediate
  • Exercises
  • Basic
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Basic
  • Intermediate
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 12: Standard costs and variance analysis
  • Introduction
  • Standard costs - management by exception
  • Who uses standard costs?
  • Setting standard costs
  • Ideal versus practical standards
  • LO1 Setting direct materials standards
  • Setting direct labour standards
  • Setting variable manufacturing overhead standards
  • Are standards the same as budgets?
  • A general model for variance analysis
  • Price and quantity variances
  • Using standard costs - direct materials variances
  • Materials quantity variance – a closer look
  • Materials price variance – a closer look
  • Using standard costs - direct labour variances
  • Labour rate variance – a closer look
  • Labour efficiency variance – a closer look
  • Using standard costs - variable manufacturing overhead variances
  • Manufacturing overhead variances – a closer look
  • Structure of performance reports
  • Variance analysis and management by exception
  • Evaluation of controls based on standard costs
  • Advantages of standard costs
  • Potential problems with the use of standard costs
  • Summary
  • Key Terms For Review
  • Review problems
  • Review problem: standard costs
  • Solution to review problem: standard costs
  • Questions
  • Intermediate
  • Advanced
  • Applying Excel
  • Intermediate
  • Exercises
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 13: Flexible budgets and performance reporting
  • Introduction
  • Flexible budgets
  • Characteristics of a flexible budget
  • Deficiencies of the static budget
  • Using the flexible budgeting concept in performance evaluation
  • The measure of activity – a critical choice
  • Variable overhead variances - a closer look
  • The problem of actual versus standard hours
  • Spending variance alone
  • Both spending and efficiency variances
  • Overhead rates and fixed overhead analysis
  • Fixed overhead rates
  • LO6 Overhead application in a standard cost system
  • The fixed overhead variances
  • The budget variance – a closer look
  • The volume variance – a closer look
  • Graphic analysis of fixed overhead variances
  • Cautions in fixed overhead analysis
  • Overhead variances and under- or overapplied overhead cost
  • Material mix and yield variances
  • Compute and evaluate material mix and yield variances
  • Mix and yield variances in manufacturing
  • Materials price variance
  • Materials mix variance
  • Summary
  • Key Terms For Review
  • Appendix 13A: Sales mix, quantity variances, production mix and yield variances
  • Sales mix variances with multiple products
  • Appendix 13B: Variance analysis in merchandise and service settings
  • Efficiency measures
  • Mix and yield variances in service organizations
  • Review problems
  • Review problem: overhead analysis
  • Solution to review problem: overhead analysis
  • Questions
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Basic
  • Problems
  • Advanced
  • Cases
  • Intermediate
  • Advanced
  • Reading and research
  • Endnote
  • Chapter 14: Capital investment decisions
  • Introduction
  • Capital budgeting – planning investments
  • Typical capital budgeting decisions
  • The time value of money
  • The consideration of risk
  • Capital investment appraisal – the net present value method
  • LO1Thenet present value method illustrated
  • Emphasis on cash flows
  • Recovery of the original investment
  • Simplifying assumptions
  • Choosing a discount rate
  • The total-cost approach
  • The incremental-cost approach
  • An extended example of the net present value method
  • Capital investment appraisal – the internal rate of return method
  • The internal rate of return method illustrated
  • Salvage value and variable cash flows
  • Calculating the internal rate of return by interpolation
  • Using the internal rate of return
  • The cost of capital as a screening tool
  • Least-cost decisions
  • Capital budgeting and non-profit organizations
  • Comparison of the net present value and the internal rate of return methods
  • Understand the impact of inflation on investment decisions
  • Inflation and capital budgeting
  • Preference decisions – the ranking of investment projects
  • Internal rate of return method
  • Net present value method
  • Other approaches to capital budgeting decisions
  • LO8Payback period of an investment
  • The accounting rate of return method
  • Post-audit of investment projects
  • Summary
  • Key Terms for Review (Chapter)
  • Appendix 14A: The concept of present value
  • The mathematics of interest
  • Present value and future value
  • Computation of present value
  • Present value of a series of cash flows
  • Appendix 14B: Future value and present value tables
  • Appendix 14C: Investment decision making and risk
  • Risk and uncertainty
  • Investment decision making and risk
  • Attitudes to risk
  • Interrelated risks: the decision tree
  • The value of extra information
  • Pay-off strategies
  • Key Terms for Review (Appendices)
  • Review problems
  • Review problem 1: basic present value computations
  • Solution to review problem 1: basic present value computations
  • Review problem 2: comparison of capital budgeting methods
  • Solution to review problem 2: comparison of capital budgeting methods
  • Questions
  • Basic
  • Intermediate
  • Advanced
  • Applying Excel
  • Exercises
  • Basic
  • Exercises
  • Basic
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Basic
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 15: Pricing and intra-company transfers
  • Introduction
  • The economists’ approach to pricing
  • Elasticity of demand
  • The profit-maximizing price
  • The absorption costing approach to cost-plus pricing
  • Setting a target selling price using the absorption costing approach
  • Determining the mark-up percentage
  • Problems with the absorption costing approach
  • Target costing
  • An example of target costing
  • Service companies – time and material pricing
  • Time component
  • Material component
  • An example of time and material pricing
  • Revenue and yield management
  • Transfer pricing
  • Negotiated transfer prices
  • Transfers at the cost of the selling division
  • Transfers at market price
  • Divisional autonomy and sub-optimization
  • International aspects of transfer pricing
  • Summary
  • Key Terms For Review
  • Review problem
  • Review problem: transfer pricing Situation A
  • Solution to situation A
  • Situation B
  • Solution to situation B
  • Questions
  • Intermediate
  • Advanced
  • Exercises
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Intermediate
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 16: Strategic management accounting and the balanced scorecard
  • Part Four: Introduction
  • Introduction
  • Profit planning and management: cost structure and business orientation
  • Problems in the profit-based planning model
  • Value-based management
  • Some basic techniques of strategic management accounting
  • SMA and the concept of strategic positioning
  • Strategic investment appraisal: a new approach
  • Strategic investment appraisal: an iterative model
  • Supporting strategy: the balanced scorecard and other non-financial measures
  • Benefits of the balanced scorecard
  • Common characteristics of balanced scorecards
  • Organizational learning
  • Data analytics, dashboards and the balanced scorecard
  • Some obstacles to SMA
  • Summary
  • Key Terms For Review
  • Questions
  • Intermediate
  • Advanced
  • Exercise
  • Basic
  • Intermediate
  • Applying Excel
  • Basic
  • Intermediate
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 17: Management control, risk and corporate governance
  • Introduction
  • General models of management control and performance measurement
  • LO2The four levers of control approach to strategy implementation
  • Big data and artificial intelligence (AI) in management control and performance measurement
  • Incorporating big data and analytics into the four levers of control
  • Use of artificial intelligence in performance management and control
  • Corporate governance: a financial perspective
  • Management accounting and regulatory approaches to corporate governance
  • Corporate governance and risk management
  • Social media risks and corporate reputation
  • Wealth creation and good corporate governance: the role of boundary systems
  • Enterprise risk management (ERM)
  • TARA – the response strategy
  • A broader view on corporate governance: stakeholder, social and environmental responsiveness
  • The Performance Prism
  • Environmental management accounting
  • An example of environmental management accounting
  • International Sustainability Standards Board (ISSB)
  • Organizational control and service delivery in the public sector: beyond incrementalism?
  • The introduction of policy-led budgeting
  • Informal versus formal control systems
  • Summary
  • Key Terms for Review
  • Questions
  • Basic
  • Intermediate
  • Applying Excel
  • Exercises
  • Intermediate
  • Problems
  • Intermediate
  • Cases
  • Intermediate
  • Advanced
  • Reading and research
  • Endnotes
  • Chapter 18: Business process management: towards the lean operation
  • Introduction
  • Understand lean enterprises
  • Lean accounting
  • Determine the economic order quantity (EOQ) and the reorder point
  • Costs associated with inventory
  • Computing the economic order quantity (EOQ)
  • Just-in-time (JIT) and the economic order quantity (EOQ)
  • Production batch size
  • Reorder point and safety inventory
  • Consider the impact of just-in-time (JIT) on inventory management
  • Pull versus push approach
  • JIT purchasing
  • Key elements and benefits of a JIT system
  • Improving plant layout
  • Reduced set-up time
  • Zero defects and JIT
  • Benefits of a JIT system
  • Inventory control and enterprise resource planning (ERP)
  • Quality and business processes: measurement and management
  • The cost of quality model
  • Prevention costs
  • Appraisal costs
  • Internal failure costs
  • External failure costs
  • Distribution of quality costs
  • Quality cost reports
  • From modelling the costs of quality to quality management
  • Total quality management (TQM)
  • The plan–do–check–act cycle
  • Some criticisms of TQM
  • Benchmarking
  • Some problems with benchmarking
  • Business process re-engineering (BPR)
  • What does a re-engineered process look like?
  • Some criticisms of re-engineering
  • Six Sigma
  • Obstacles to organizational change and the advantages of a fresh start
  • Summary
  • Key Terms For Review
  • Questions
  • Basic
  • Intermediate
  • Exercises
  • Basic
  • Intermediate
  • Problems
  • Intermediate
  • Cases
  • Intermediate
  • Reading and research
  • Endnotes
  • Chapter 19: Strategic perspectives on cost management
  • Introduction
  • LO1
  • The theory of constraints
  • TOC and continuous improvement
  • An example of TOC
  • The impact of TOC on management accounting
  • Throughput accounting
  • Management Accounting requirements of E-commerce
  • Strategic approaches to cost management: target costing and life-cycle costing
  • Target costing and life-cycle costing
  • Some problems with target and life-cycle costing
  • The make-or-buy decision from a strategic perspective: supply chain management
  • Integration versus sub-contracting
  • Traditional supply relationships
  • Strategic partnering
  • The implications for management accounting of strategic approaches to make or buy
  • Service outsourcing and shared service centres
  • Service outsourcing
  • The shared service centre model
  • Allocation of service centre costs
  • Variable costs
  • Fixed costs
  • Should actual or budgeted costs be allocated?
  • Service outsourcing
  • Summary
  • Key Terms For Review
  • Questions
  • Questions
  • Intermediate
  • Exercise
  • Advanced
  • Problems
  • Intermediate
  • Advanced
  • Cases
  • Advanced
  • Reading and research
  • Endnotes
  • Endnotes
  • Glossary
  • Glossary
  • Bibliography
  • Bibliography
  • Index
  • Index
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