Business economics
[ONDERTITEL VAN DOCUMENT]
HELENA ROOSE
,Table of Contents
CHAPTER 1.........................................................................................................................................5
ACCOUNTING INFORMATION SYSTEM..........................................................................................................5
ROLES OF ACCOUNTING INFORMATION (A QUESTION)....................................................................................5
WHY ACCOUNTING IS ESSENTIAL FOR DECISION MAKERS AND MANAGERS...........................................................6
COST-BENEFIT AND BEHAVIORAL CONSIDERATIONS........................................................................................6
PRODUCT LIFE CYCLE...............................................................................................................................7
THE VALUE CHAIN........................................................................................................................................7
ACCOUNTING’S POSITION IN THE ORGANIZATION..........................................................................................7
CONTROLLER AND TREASURES FUNCTION.........................................................................................................7
CURRENT TRENDS IN MANAGEMENT ACCOUNTING.............................................................................................7
ETHICAL CONDUCT..................................................................................................................................7
EXERCISES.............................................................................................................................................7
CHAPTER 2.........................................................................................................................................8
COST BEHAVIOR.....................................................................................................................................9
COST DRIVERS AND COST BEHAVIOR...........................................................................................................9
VALUE CHAIN FUNCTIONS, COSTS AND COST DRIVERS.....................................................................................9
VARIABLE AND FIXED COST BEHAVIOR.........................................................................................................9
EXAMPLE VARIABLE – FIXED COSTS.................................................................................................................9
RELEVANT RANGE.................................................................................................................................10
CHAPTER 3 MEASUREMENT OF COST BEHAVIOR.............................................................................12
LINEAR-COST BEHAVIOR.........................................................................................................................12
MANAGEMENT’S INFLUENCE ON COST BEHAVIOR........................................................................................12
PRODUCT AND SERVICE DECISIONS AND THE VALUE CHAIN.................................................................................12
CAPACITY.................................................................................................................................................12
TECHNOLOGY...........................................................................................................................................13
COST-CONTROL INCENTIVES........................................................................................................................13
COST FUNCTIONS.................................................................................................................................13
COST FUNCTION EQUATION.........................................................................................................................14
DEVELOPING COST FUNCTION......................................................................................................................14
METHODS OF MEASURING FUNCTIONS......................................................................................................14
ENGINEERING ANALYSIS..............................................................................................................................14
ACCOUNT ANALYSIS...................................................................................................................................15
EXERCISES...........................................................................................................................................15
CHAPTER 4 COST MANAGEMENT SYSTEMS AND ACTIVITY-BASED COSTING ...................................17
COST MANAGEMENT SYSTEM (CMS)........................................................................................................17
COST OBJECT.......................................................................................................................................17
COST ACCOUNTING SYSTEMS...................................................................................................................17
COST ALLOCATION................................................................................................................................17
STATEMENT OF OPERATING INCOME.............................................................................................................18
EXERCISES...........................................................................................................................................19
TRADITIONAL COSTING SYSTEM...............................................................................................................20
ABC SYSTEM.......................................................................................................................................20
EXERCISES...........................................................................................................................................20
2
,CHAPTER 5 RELEVANT INFORMATION FOR DECISION MAKING WITH A FOCUS ON PRICING
DECISIONS.......................................................................................................................................21
THE CONCEPT OF RELEVANCE..................................................................................................................21
DECISION MODEL.................................................................................................................................21
ACCURACY AND RELEVANCE...................................................................................................................21
RELEVANCE OF ALTERNATE INCOME STATEMENTS.......................................................................................22
SPECIAL SALES ORDER............................................................................................................................23
ACTIVITY-BASED COSTING, SPECIAL ORDERS, AND RELEVANT COSTS..............................................................23
INFLUENCES ON PRICING IN PRACTICE.......................................................................................................24
COST-PLUS PRICING..................................................................................................................................24
TARGET COSTING......................................................................................................................................24
EXERCISES...........................................................................................................................................25
CHAPTER 8 FLEXIBLE BUDGETS AND VARIANCE ANALYSIS...............................................................27
FAVORABLE AND UNFAVORABLE VARIANCES...............................................................................................27
STATIC AND FLEXIBLE BUDGETS...............................................................................................................27
STATIC-BUDGET VARIANCES AND FLEXIBLE-BUDGET VARIANCES....................................................................27
EXERCISES...........................................................................................................................................29
ROLE OF STANDARDS IN DETERMINING VARIANCES.....................................................................................31
VARIANCES FOR MATERIAL AND LABOR STANDARDS...................................................................................31
EXERCISE.................................................................................................................................................31
VARIABLE-OVERHEAD SPENDING AND EFFICIENCY VARIANCES.......................................................................32
EXERCISES...........................................................................................................................................32
CHAPTER 16 UNDERSTANDING CORPORATE ANNUAL REPORTS: BASIC FINANCIAL STATEMENTS ...33
CORPORATE ANNUAL REPORT.................................................................................................................33
OPERATING CYCLE................................................................................................................................34
CASH EQUIVALENTS..............................................................................................................................34
SHORT TERM INVESTMENTS....................................................................................................................35
ACCOUNTS RECEIVABLE..........................................................................................................................35
INVENTORIES.......................................................................................................................................35
PREPAID EXPENSES AND OTHER CURRENT ASSETS........................................................................................35
NONCURRENT ASSETS: PROPERTY, PLANT, AND EQUIPMENT.........................................................................35
WORKING CAPITAL...............................................................................................................................36
EXERCISE WORKING CAPITAL........................................................................................................................37
COMMON STOCK..................................................................................................................................37
INCOME STATEMENT.............................................................................................................................38
EXERCISES...........................................................................................................................................38
CHAPTER 17 UNDERSTANDING AND ANALYZING CONSOLIDATED FINANCIAL STATEMENTS ...........39
ANALYSIS OF FINANCIAL STATEMENTS.......................................................................................................39
COMPONENT PERCENTAGES....................................................................................................................39
USES OF RATIO....................................................................................................................................39
TYPICAL FINANCIAL RATIOS.....................................................................................................................39
1. CURRENT RATIO....................................................................................................................................40
2. AVERAGE COLLECTION PERIOD IN DAYS (RATIO)...........................................................................................40
3. DEBT-TO-EQUITY RATIO..........................................................................................................................41
4. GROSS PROFIT OR %..............................................................................................................................41
5. RETURN ON SALES IN %..........................................................................................................................41
6. RETURN ON STOCKHOLDER’S EQUITY.........................................................................................................41
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur helenaroose. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €6,99. Vous n'êtes lié à rien après votre achat.
