NOT IN USE - Custom MGT 170 Management Accounting (UC Davis)
by Kinney
ISBN: Cost10eUCDavis170 | Copyright 2023
Instructor Requests
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|---|---|
| Cost Accounting, 10e (pg. 1.1-1) | |
| Chapter 1 Introduction to Cost Accounting (pg. 1.1-1) | |
| Introduction (pg. 1.1-2) | |
| Comparison of Financial, Management, and Cost Accounting (pg. 1.1-2) | |
| Financial Accounting (pg. 1.1-2) | |
| Management Accounting (pg. 1.1-3) | |
| Cost Accounting (pg. 1.1-4) | |
| Review 1-1 Financial and Cost Accounting (pg. 1.1-5) | |
| Organizational Strategy (pg. 1.1-6) | |
| Organizational Structure Supporting Strategy (pg. 1.1-7) | |
| Organizational Constraints (pg. 1.1-8) | |
| Review 1-2 Identification of Organizational Strategy (pg. 1.1-8) | |
| Value Chain (pg. 1.1-9) | |
| Review 1-3 Value Chain Activities (pg. 1.1-10) | |
| Balanced Scorecard (pg. 1.1-10) | |
| Review 1-4 Balanced Scorecard (pg. 1.1-13) | |
| Professional Ethics (pg. 1.1-13) | |
| Ethics in Multinational Corporations (pg. 1.1-15) | |
| Review 1-5 IMA’s Statements of Ethical Professional Practice (pg. 1.1-16) | |
| Comprehensive Chapter Review (pg. 1.1-17) | |
| Key Terms (pg. 1.1-17) | |
| Chapter Summary (pg. 1.1-17) | |
| Potential Ethical Issues (pg. 1.1-18) | |
| Questions (pg. 1.1-19) | |
| Exercises (pg. 1.1-19) | |
| Review Solutions (pg. 1.1-23) | |
| Review 1-1 (pg. 1.1-23) | |
| Review 1-2 (pg. 1.1-23) | |
| Review 1-3 (pg. 1.1-23) | |
| Review 1-4 (pg. 1.1-23) | |
| Review 1-5 (pg. 1.1-23) | |
| Chapter 2 Cost Terminology and Cost Behaviors (pg. 1.2-1) | |
| Introduction (pg. 1.2-2) | |
| Cost Terminology (pg. 1.2-2) | |
| Association with Cost Object (pg. 1.2-2) | |
| Review 2-1 Association with Cost Object (pg. 1.2-3) | |
| Reaction to Changes in Activity (pg. 1.2-3) | |
| Review 2-2 Analysis of Cost Behavior (pg. 1.2-7) | |
| Classification on the Financial Statements (pg. 1.2-7) | |
| Review 2-3 Financial Statement Classification of Costs (pg. 1.2-8) | |
| The Conversion Process (pg. 1.2-8) | |
| Retailers versus Manufacturers/Service Companies (pg. 1.2-9) | |
| Manufacturers versus Service Companies (pg. 1.2-12) | |
| Review 2-4 Degree of Conversion (pg. 1.2-12) | |
| Components of Product Cost (pg. 1.2-12) | |
| Direct Material (pg. 1.2-12) | |
| Direct Labor (pg. 1.2-13) | |
| Overhead (pg. 1.2-13) | |
| Review 2-5 Classifying Product Costs (pg. 1.2-14) | |
| Product Cost Flow in a Cost System (pg. 1.2-15) | |
| Review 2-6 Determining Product Costs and Recording Cost Flow (pg. 1.2-18) | |
| Cost of Goods Manufactured and Sold (pg. 1.2-18) | |
| Review 2-7 Determining Product Costs, Including Amounts Allocated for Overhead (pg. 1.2-20) | |
| Comprehensive Review Module (pg. 1.2-20) | |
| Key Terms (pg. 1.2-20) | |
| Chapter Summary (pg. 1.2-20) | |
| Solution Strategies (pg. 1.2-22) | |
| Demonstration Problem (pg. 1.2-22) | |
| Potential Ethical Issues (pg. 1.2-25) | |
| Questions (pg. 1.2-25) | |
| Exercises (pg. 1.2-25) | |
| Problems (pg. 1.2-32) | |
| Review Solutions (pg. 1.2-39) | |
| Review 2-1 (pg. 1.2-39) | |
| Review 2-2 (pg. 1.2-39) | |
| Review 2-3 (pg. 1.2-39) | |
| Review 2-4 (pg. 1.2-40) | |
| Review 2-5 (pg. 1.2-40) | |
| Review 2-6 (pg. 1.2-40) | |
| Review 2-7 (pg. 1.2-41) | |
| Chapter 3 Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing (pg. 1.3-1) | |
| Introduction (pg. 1.3-2) | |
| Normal Costing and Predetermined Overhead (pg. 1.3-2) | |
| Formula for Predetermined Overhead Rate (pg. 1.3-3) | |
| Applying Overhead to Productio (pg. 1.3-4) | |
| Review 3-1 Plantwide vs. Departmental OH Rates (pg. 1.3-6) | |
| Causes of Underapplied or Overapplied Overhead (pg. 1.3-6) | |
| Disposition of Underapplied and Overapplied Overhead (pg. 1.3-6) | |
| Review 3-2 Underapplied or Overapplied Overhead (pg. 1.3-8) | |
| Alternative Capacity Measures (pg. 1.3-8) | |
| Review 3-3 Predetermined OH Rates; Capacity Measures (pg. 1.3-9) | |
| Separating Mixed Costs (pg. 1.3-10) | |
| High-Low Method (pg. 1.3-10) | |
| Review 3-4 High-low Method (pg. 1.3-12) | |
| Flexible Budgets (pg. 1.3-12) | |
| Plantwide versus Departmental Overhead Rates (pg. 1.3-13) | |
| Review 3-5 Flexible Budget (pg. 1.3-14) | |
| Overview of Absorption and Variable Costing (pg. 1.3-15) | |
| Absorption and Variable Costing Illustrations (pg. 1.3-17) | |
| Review 3-6 Production Cost; Absorption vs. Variable Costing (pg. 1.3-20) | |
| Comparison of the Two Approaches (pg. 1.3-20) | |
| Review 3-7 Net Income; Absorption vs. Variable Costing (pg. 1.3-21) | |
| Appendix 3: Least Squares Regression Analysis (pg. 1.3-21) | |
| Review 3-8 Least Squares Regression (pg. 1.3-23) | |
| Comprehensive Chapter Review (pg. 1.3-24) | |
| Key Terms (pg. 1.3-24) | |
| Chapter Summary (pg. 1.3-24) | |
| Solution Strategies (pg. 1.3-25) | |
| Demonstration Problem (pg. 1.3-27) | |
| Potential Ethical Issues (pg. 1.3-28) | |
| Questions (pg. 1.3-28) | |
| Exercises (pg. 1.3-29) | |
| Problems (pg. 1.3-36) | |
| Review Solutions (pg. 1.3-45) | |
| Review 3-1 (pg. 1.3-45) | |
| Review 3-2 (pg. 1.3-45) | |
| Review 3-3 (pg. 1.3-45) | |
| Review 3-4 (pg. 1.3-45) | |
| Review 3-5 (pg. 1.3-45) | |
| Review 3-6 (pg. 1.3-46) | |
| Review 3-7 (pg. 1.3-46) | |
| Review 3-8 (pg. 1.3-46) | |
| Chapter 4 Activity-Based Management and Activity-Based Costing (pg. 1.4-1) | |
| Introduction (pg. 1.4-2) | |
| Activity-Based Management (pg. 1.4-2) | |
| Value-Added versus Non-Value-Added Activities (pg. 1.4-2) | |
| Review 4-1 Activity Analysis (pg. 1.4-5) | |
| Manufacturing Cycle Efficiency (pg. 1.4-5) | |
| Review 4-2 Manufacturing Cycle Efficiency (pg. 1.4-6) | |
| Cost Driver Analysis (pg. 1.4-7) | |
| Levels at Which Costs Are Incurred (pg. 1.4-8) | |
| Cost-Level Allocations Illustrated (pg. 1.4-11) | |
| Review 4-3 Cost Drivers (pg. 1.4-12) | |
| Activity-Based Costing (pg. 1.4-12) | |
| Two-Step Allocation (pg. 1.4-12) | |
| Activity-Based Costing Illustrated (pg. 1.4-14) | |
| Review 4-4 OH Allocation Using Cost Drivers (pg. 1.4-16) | |
| Determining Whether ABC is Useful (pg. 1.4-17) | |
| Large Product or Service Variety (pg. 1.4-17) | |
| High Product/Process Complexity (pg. 1.4-18) | |
| Lack of Commonality in Overhead Costs (pg. 1.4-18) | |
| Irrationality of Current Cost Allocations (pg. 1.4-18) | |
| Changes in Business Environment (pg. 1.4-19) | |
| Criticisms of Activity-Based Costing (pg. 1.4-19) | |
| Review 4-5 ABC; Product Profitability (pg. 1.4-20) | |
| Comprehensive Chapter Review (pg. 1.4-21) | |
| Key Terms (pg. 1.4-21) | |
| Chapter Summary (pg. 1.4-21) | |
| Solution Strategies (pg. 1.4-23) | |
| Demonstration Problem (pg. 1.4-23) | |
| Potential Ethical Issues (pg. 1.4-24) | |
| Questions (pg. 1.4-25) | |
| Exercises (pg. 1.4-25) | |
| Problems (pg. 1.4-33) | |
| Review Solutions (pg. 1.4-47) | |
| Review 4-1 (pg. 1.4-47) | |
| Review 4-2 (pg. 1.4-47) | |
| Review 4-3 (pg. 1.4-47) | |
| Review 4-4 (pg. 1.4-47) | |
| Review 4-5 (pg. 1.4-48) | |
| Chapter 5 Job Order Costing (pg. 1.5-1) | |
| Introduction (pg. 1.5-2) | |
| Methods of Product Costing (pg. 1.5-2) | |
| Cost Accumulation Systems (pg. 1.5-3) | |
| Valuation Methods (pg. 1.5-3) | |
| Review 5-1 Costing System Choice (pg. 1.5-4) | |
| Job Order Costing System (pg. 1.5-4) | |
| Job Order Costing: Details and Documents (pg. 1.5-6) | |
| Job Order Cost Sheet (pg. 1.5-6) | |
| Material Requisitions (pg. 1.5-6) | |
| Employee Time Sheets (pg. 1.5-8) | |
| Overhead (pg. 1.5-9) | |
| Completion of Production (pg. 1.5-9) | |
| Review 5-2 Job Order Costing Terms (pg. 1.5-10) | |
| Job Order Costing Illustration (pg. 1.5-10) | |
| Review 5-3 Journal Entries; Cost Accumulation (pg. 1.5-13) | |
| Job Order Costing to Assist Managers (pg. 1.5-14) | |
| Concrete Café (pg. 1.5-14) | |
| Paul’s Pirogues (pg. 1.5-15) | |
| Review 5-4 Management Decision-Making (pg. 1.5-16) | |
| Product and Material Losses in Job Order Costing (pg. 1.5-16) | |
| Generally Anticipated on All Jobs (pg. 1.5-16) | |
| Specifically Identified with a Particular Job (pg. 1.5-17) | |
| Identified as Abnormal (pg. 1.5-17) | |
| Review 5-5 Job Order Costing; Rework (pg. 1.5-18) | |
| Appendix 5: Job Order Costing Using Standard Costs (pg. 1.5-18) | |
| Review 5-6 Standard Costing (pg. 1.5-20) | |
| Comprehensive Chapter Review (pg. 1.5-21) | |
| Key Terms (pg. 1.5-21) | |
| Chapter Summary (pg. 1.5-21) | |
| Solution Strategies (pg. 1.5-22) | |
| Demonstration Problem (pg. 1.5-23) | |
| Potential Ethical Issues (pg. 1.5-25) | |
| Questions (pg. 1.5-25) | |
| Exercises (pg. 1.5-26) | |
| Problems (pg. 1.5-34) | |
| Review Solutions (pg. 1.5-45) | |
| Review 5-1 (pg. 1.5-45) | |
| Review 5-2 (pg. 1.5-45) | |
| Review 5-3 (pg. 1.5-45) | |
| Review 5-4 (pg. 1.5-45) | |
| Review 5-5 (pg. 1.5-46) | |
| Review 5-6 (pg. 1.5-46) | |
| Chapter 6 Process Costing (pg. 1.6-1) | |
| Introduction (pg. 1.6-2) | |
| Introduction to Process Costing (pg. 1.6-2) | |
| Production Costs: The Numerator (pg. 1.6-2) | |
| Production Quantity: The Denominator (pg. 1.6-4) | |
| Equivalent Units of Production (pg. 1.6-4) | |
| Review 6-1 Computing Equivalent Units (pg. 1.6-6) | |
| Weighted Average and First-In, First-Out Process Costing Methods (pg. 1.6-6) | |
| Weighted Average Method (pg. 1.6-10) | |
| Review 6-2 Weighted Average Method of Process Costing (pg. 1.6-13) | |
| FIFO Method (pg. 1.6-14) | |
| Review 6-3 FIFO Method of Process Costing (pg. 1.6-17) | |
| Process Costing in a Multidepartment Setting (pg. 1.6-17) | |
| Review 6-4 Accounting for Second Department (pg. 1.6-19) | |
| Hybrid Costing Systems (pg. 1.6-19) | |
| Review 6-5 Hybrid Costing (pg. 1.6-20) | |
| Appendix 6-1: Alternative Calculations of Weighted Average and FIFO Methods (pg. 1.6-20) | |
| Review 6-6 Alternative EUP Calculation Methods (pg. 1.6-21) | |
| Appendix 6-2: Process Costing With Standard Costs (pg. 1.6-22) | |
| Review 6-7 Standard Process Costing (pg. 1.6-24) | |
| Appendix 6-3: Spoilage (pg. 1.6-25) | |
| Review 6-8 FIFO; Normal and Abnormal Loss (pg. 1.6-27) | |
| Comprehensive Chapter Review (pg. 1.6-28) | |
| Key Terms (pg. 1.6-28) | |
| Chapter Summary (pg. 1.6-28) | |
| Solution Strategies (pg. 1.6-29) | |
| Demonstration Problem (pg. 1.6-30) | |
| Potential Ethical Issues (pg. 1.6-33) | |
| Questions (pg. 1.6-33) | |
| Exercises (pg. 1.6-34) | |
| Problems (pg. 1.6-43) | |
| Review Solutions (pg. 1.6-53) | |
| Review 6-1 (pg. 1.6-53) | |
| Review 6-2 (pg. 1.6-53) | |
| Review 6-3 (pg. 1.6-53) | |
| Review 6-4 (pg. 1.6-54) | |
| Review 6-5 (pg. 1.6-54) | |
| Review 6-6 (pg. 1.6-54) | |
| Review 6-7 (pg. 1.6-55) | |
| Review 6-8 (pg. 1.6-55) | |
| Chapter 7 Standard Costing and Variance Analysis (pg. 1.7-1) | |
| Introduction (pg. 1.7-2) | |
| Use of Standard Cost Systems (pg. 1.7-2) | |
| Motivating (pg. 1.7-3) | |
| Planning (pg. 1.7-3) | |
| Controlling (pg. 1.7-3) | |
| Decision Making (pg. 1.7-4) | |
| Performance Evaluation (pg. 1.7-4) | |
| Considerations in Establishing Standards (pg. 1.7-4) | |
| Appropriateness (pg. 1.7-5) | |
| Attainability (pg. 1.7-5) | |
| Review 7-1 Terminology for a Standard Cost System (pg. 1.7-5) | |
| Development of a Standard Cost System (pg. 1.7-6) | |
| Material Standards (pg. 1.7-6) | |
| Labor Standards (pg. 1.7-8) | |
| Overhead Standards (pg. 1.7-9) | |
| Review 7-2 Setting Standard Costs (pg. 1.7-10) | |
| General Variance Analysis Model (pg. 1.7-10) | |
| Material and Labor Variance Computations (pg. 1.7-11) | |
| Material Variances (pg. 1.7-11) | |
| Point-of-Purchase Material Variance Model (pg. 1.7-13) | |
| Labor Variances (pg. 1.7-14) | |
| Overhead Variance Calculations (pg. 1.7-15) | |
| Variable Overhead (pg. 1.7-15) | |
| Fixed Overhead (pg. 1.7-16) | |
| Alternative Overhead Variance Approaches (pg. 1.7-18) | |
| Standard Cost System Journal Entries (pg. 1.7-20) | |
| Disposition of Standard Cost Variances (pg. 1.7-22) | |
| Changes in Standards Usage (pg. 1.7-23) | |
| Use of Ideal Standards and Theoretical Capacity (pg. 1.7-23) | |
| Adjusting Standards (pg. 1.7-25) | |
| Material Price Variance Based on Usage Rather Than on Purchases (pg. 1.7-26) | |
| Decline in Direct Labor (pg. 1.7-26) | |
| Review 7-3 Comprehensive Variance Analysis (pg. 1.7-26) | |
| Conversion Cost as an Element in Standard Costing (pg. 1.7-27) | |
| Review 7-4 Variances and Conversion Cost Category (pg. 1.7-29) | |
| Appendix 7: Mix and Yield Variances (pg. 1.7-29) | |
| Material Price, Mix, and Yield Variances (pg. 1.7-30) | |
| Labor Rate, Mix, and Yield Variances (pg. 1.7-32) | |
| Review 7-5 Mix and Yield Variances (pg. 1.7-33) | |
| Comprehensive Chapter Review (pg. 1.7-33) | |
| Key Terms (pg. 1.7-33) | |
| Chapter Summary (pg. 1.7-34) | |
| Solution Strategies (pg. 1.7-35) | |
| Demonstration Problem (pg. 1.7-37) | |
| Potential Ethical Issues (pg. 1.7-39) | |
| Questions (pg. 1.7-40) | |
| Exercises (pg. 1.7-40) | |
| Problems (pg. 1.7-48) | |
| Review Solutions (pg. 1.7-58) | |
| Review 7-1 (pg. 1.7-58) | |
| Review 7-2 (pg. 1.7-58) | |
| Review 7-3 (pg. 1.7-58) | |
| Review 7-4 (pg. 1.7-59) | |
| Review 7-5 (pg. 1.7-59) | |
| Chapter 8 The Master Budget (pg. 1.8-1) | |
| Introduction (pg. 1.8-2) | |
| The Budgeting Process (pg. 1.8-2) | |
| Strategic Planning (pg. 1.8-2) | |
| Tactical Planning (pg. 1.8-3) | |
| Review 8-1 Planning and Budgeting (pg. 1.8-5) | |
| The Master Budget (pg. 1.8-6) | |
| Review 8-2 Sales Budget (pg. 1.8-8) | |
| The Master Budget Illustrated (pg. 1.8-8) | |
| Production Budget (pg. 1.8-9) | |
| Purchases Budget (pg. 1.8-10) | |
| Personnel Budget (pg. 1.8-11) | |
| Direct Labor Budget (pg. 1.8-11) | |
| Overhead Budget (pg. 1.8-12) | |
| Selling and Administrative Budget (pg. 1.8-12) | |
| Capital Budget (pg. 1.8-12) | |
| Review 8-3 Master Budget (pg. 1.8-13) | |
| Cash Budget (pg. 1.8-14) | |
| Review 8-4 Cash Budget (pg. 1.8-19) | |
| Budgeted Financial Statements (pg. 1.8-19) | |
| Review 8-5 Operating Income Budget (pg. 1.8-22) | |
| Using Budgets for Management Control (pg. 1.8-23) | |
| Review 8-6 Using Budgets for Management Control (pg. 1.8-26) | |
| Comprehensive Chapter Review (pg. 1.8-27) | |
| Key Terms (pg. 1.8-27) | |
| Chapter Summary (pg. 1.8-27) | |
| Solution Strategies (pg. 1.8-28) | |
| Demonstration Problem (pg. 1.8-29) | |
| Potential Ethical Issues (pg. 1.8-31) | |
| Questions (pg. 1.8-32) | |
| Exercises (pg. 1.8-32) | |
| Problems (pg. 1.8-40) | |
| Review Solutions (pg. 1.8-53) | |
| Review 8-1 (pg. 1.8-53) | |
| Review 8-2 (pg. 1.8-53) | |
| Review 8-3 (pg. 1.8-53) | |
| Review 8-4 (pg. 1.8-54) | |
| Review 8-5 (pg. 1.8-54) | |
| Review 8-6 (pg. 1.8-55) | |
| Chapter 9 Break-Even Point and Cost-Volume-Profit Analysis (pg. 1.9-1) | |
| Introduction (pg. 1.9-2) | |
| Break-Even Point (pg. 1.9-2) | |
| Review 9-1 Variable Costing Income Statement (pg. 1.9-4) | |
| Identifying the Break-Even Point (pg. 1.9-4) | |
| Formula Approach to Breakeven (pg. 1.9-4) | |
| Graphing Approach to Breakeven (pg. 1.9-5) | |
| Income Statement Approach (pg. 1.9-7) | |
| Review 9-2 Break-Even Point (pg. 1.9-8) | |
| CVP Analysis (pg. 1.9-8) | |
| Fixed Amount of Profit (pg. 1.9-9) | |
| Specific Amount of Profit per Unit (pg. 1.9-10) | |
| Incremental Analysis for Short-Run Changes (pg. 1.9-12) | |
| Review 9-3 Cost Volume Profit Analysis (pg. 1.9-15) | |
| CVP Analysis in a Multiproduct Environment (pg. 1.9-15) | |
| Review 9-4 Cost Volume Profit Analysis-Multiproduct (pg. 1.9-17) | |
| Managing Risks of CVP Relationships (pg. 1.9-17) | |
| Margin of Safety (pg. 1.9-17) | |
| Operating Leverage (pg. 1.9-18) | |
| Review 9-5 Operating Leverage and Margin of Safety (pg. 1.9-19) | |
| Underlying Assumptions of CVP Analysis (pg. 1.9-20) | |
| Review 9-6 Assumptions of CVP Analysis (pg. 1.9-21) | |
| Comprehensive Chapter Review (pg. 1.9-21) | |
| Key Terms (pg. 1.9-21) | |
| Chapter Summary (pg. 1.9-21) | |
| Solution Strategies (pg. 1.9-23) | |
| Demonstration Problem (pg. 1.9-23) | |
| Potential Ethical Issues (pg. 1.9-25) | |
| Questions (pg. 1.9-25) | |
| Exercises (pg. 1.9-25) | |
| Problems (pg. 1.9-31) | |
| Review Solutions (pg. 1.9-39) | |
| Review 9-1 (pg. 1.9-39) | |
| Review 9-2 (pg. 1.9-39) | |
| Review 9-3 (pg. 1.9-39) | |
| Review 9-4 (pg. 1.9-39) | |
| Review 9-5 (pg. 1.9-40) | |
| Review 9-6 (pg. 1.9-40) | |
| Chapter 10 Relevant Information for Decision Making (pg. 1.10-1) | |
| Introduction (pg. 1.10-2) | |
| The Concept of Relevance (pg. 1.10-2) | |
| Association with Decision (pg. 1.10-2) | |
| Importance to Decision Maker (pg. 1.10-3) | |
| Bearing on the Future (pg. 1.10-3) | |
| Sunk Costs (pg. 1.10-3) | |
| Relevant Costs for Specific Decisions (pg. 1.10-5) | |
| Review 10-1 Determination of Relevant Costs (pg. 1.10-5) | |
| Outsourcing Decisions (pg. 1.10-6) | |
| Review 10-2 Outsourcing Decisions (pg. 1.10-10) | |
| Scarce Resource Decisions (pg. 1.10-11) | |
| Review 10-3 Scarce Resource Decision (pg. 1.10-12) | |
| Sales Mix Decisions (pg. 1.10-13) | |
| Review 10-4 Sales Mix (pg. 1.10-17) | |
| Special Order Decisions (pg. 1.10-17) | |
| Review 10-5 Special Order (pg. 1.10-19) | |
| Product Line and Segment Decisions (pg. 1.10-20) | |
| Review 10-6 Product Line (pg. 1.10-22) | |
| Comprehensive Chapter Review (pg. 1.10-23) | |
| Key Terms (pg. 1.10-23) | |
| Chapter Summary (pg. 1.10-23) | |
| Solution Strategies (pg. 1.10-24) | |
| Demonstration Problem (pg. 1.10-25) | |
| Potential Ethical Issues (pg. 1.10-26) | |
| Questions (pg. 1.10-26) | |
| Exercises (pg. 1.10-26) | |
| Problems (pg. 1.10-32) | |
| Review Solutions (pg. 1.10-43) | |
| Review 10-1 (pg. 1.10-43) | |
| Review 10-2 (pg. 1.10-43) | |
| Review 10-3 (pg. 1.10-44) | |
| Review 10-4 (pg. 1.10-44) | |
| Review 10-5 (pg. 1.10-44) | |
| Review 10-6 (pg. 1.10-45) | |
| Chapter 14 Performance Measurement, Balanced Scorecards, and Performance Rewards (pg. 1.14-1) | |
| Introduction (pg. 1.14-2) | |
| Organization Mission Statements (pg. 1.14-2) | |
| Critical Elements for Performance Measurement (pg. 1.14-2) | |
| Internal Performance Measures (pg. 1.14-3) | |
| External Performance Measures (pg. 1.14-4) | |
| Performance Measurement System Criteria (pg. 1.14-5) | |
| Assess Progress toward Mission (pg. 1.14-5) | |
| Awareness of/Participation in Performance Measures (pg. 1.14-5) | |
| Appropriate Tools for Performance (pg. 1.14-6) | |
| Need for Feedback and Adjustment (pg. 1.14-6) | |
| Review 14-1 Performance Measures (pg. 1.14-6) | |
| Short-Term Financial Performance Measures (pg. 1.14-7) | |
| Divisional Profits (pg. 1.14-7) | |
| Cash Flow (pg. 1.14-8) | |
| Return on Investment (pg. 1.14-8) | |
| Residual Income (pg. 1.14-11) | |
| Economic Value Added (pg. 1.14-11) | |
| Limitations of Return on Investment, Residual Income, and Economic Value Added (pg. 1.14-12) | |
| Lagging Indicators vs. Leading Indicators (pg. 1.14-13) | |
| Review 14-2 Short-Term Measurements (pg. 1.14-14) | |
| Nonfinancial Performance Measures (pg. 1.14-15) | |
| Selection of Nonfinancial Measures (pg. 1.14-15) | |
| Establishment of Comparison Bases (pg. 1.14-18) | |
| Review 14-3 Calculating Throughput (pg. 1.14-19) | |
| Using a Balanced Scorecard for Measuring Performance (pg. 1.14-19) | |
| Need for Multiple Performance Measures (pg. 1.14-19) | |
| Balanced Scorecard Approach (pg. 1.14-20) | |
| Performance Evaluation in Multinational Settings (pg. 1.14-23) | |
| Review 14-4 Balanced Scorecard (pg. 1.14-23) | |
| Compensation Strategy (pg. 1.14-24) | |
| Pay-for-Performance Plans (pg. 1.14-25) | |
| Links Between Performance Measures and Rewards (pg. 1.14-27) | |
| Degree of Control over Performance Output (pg. 1.14-27) | |
| Incentives Relative to Organizational Level (pg. 1.14-27) | |
| Performance Plans and Feedback (pg. 1.14-27) | |
| Worker Pay and Performance Links (pg. 1.14-27) | |
| Promoting Overall Success (pg. 1.14-28) | |
| Nonfinancial Incentives (pg. 1.14-28) | |
| Tax Implications of Compensation Elements (pg. 1.14-29) | |
| Global Compensation (pg. 1.14-29) | |
| Ethical Considerations of Compensation (pg. 1.14-30) | |
| Review 14-5 Compensation (pg. 1.14-30) | |
| Comprehensive Chapter Review (pg. 1.14-30) | |
| Key Terms (pg. 1.14-30) | |
| Chapter Summary (pg. 1.14-31) | |
| Solution Strategies (pg. 1.14-32) | |
| Demonstration Problem 1 (pg. 1.14-33) | |
| Demonstration Problem 2 (pg. 1.14-35) | |
| Potential Ethical Issues (pg. 1.14-35) | |
| Questions (pg. 1.14-36) | |
| Exercises (pg. 1.14-37) | |
| Problems (pg. 1.14-40) | |
| Review Solutions (pg. 1.14-51) | |
| Review 14-1 (pg. 1.14-51) | |
| Review 14-2 (pg. 1.14-51) | |
| Review 14-3 (pg. 1.14-51) | |
| Review 14-4 (pg. 1.14-51) | |
| Review 14-5 (pg. 1.14-51) | |
| Chapter 15 Capital Budgeting (pg. 1.15-1) | |
| Introduction (pg. 1.15-2) | |
| Capital Asset Acquisition (pg. 1.15-2) | |
| Use of Cash Flows in Capital Budgeting (pg. 1.15-3) | |
| Cash Flows Illustrated (pg. 1.15-3) | |
| Time Lines (pg. 1.15-4) | |
| Review 15-1 Cash Flows vs. Accounting Accruals (pg. 1.15-4) | |
| Payback Period (pg. 1.15-5) | |
| Review 15-2 Payback Method (pg. 1.15-6) | |
| Discounting Future Cash Flows (pg. 1.15-6) | |
| Net Present Value Method (pg. 1.15-7) | |
| Profitability Index (pg. 1.15-9) | |
| Internal Rate of Return (pg. 1.15-9) | |
| Review 15-3 Net Present Value, Profitability Index, Internal Rate of Return (pg. 1.15-12) | |
| Effect of Depreciation on After-Tax Cash Flows (pg. 1.15-12) | |
| Review 15-4 After-Tax Net Present Value (pg. 1.15-15) | |
| Assumptions and Limitations of Methods (pg. 1.15-15) | |
| Investment Decision (pg. 1.15-16) | |
| Is the Activity Worthy of an Investment? (pg. 1.15-16) | |
| Which Assets Can Be Used for the Activity? (pg. 1.15-16) | |
| Of the Available Assets for Each Activity, Which Is the Best Investment? (pg. 1.15-17) | |
| Of the “Best Investments” for All Worthwhile Activities, in Which Ones Should the Company Invest? (pg. 1.15-18) | |
| Review 15-5 Comparing Capital Budgeting Methods (pg. 1.15-19) | |
| Ranking Multiple Capital Projects (pg. 1.15-19) | |
| Review 15-6 Ranking Capital Projects (pg. 1.15-20) | |
| Compensating for Risk in Capital Project Evaluation (pg. 1.15-20) | |
| Judgmental Method (pg. 1.15-20) | |
| Risk-Adjusted Discount Rate Method (pg. 1.15-21) | |
| Sensitivity Analysis (pg. 1.15-22) | |
| Review 15-7 Sensitivity Analysis (pg. 1.15-23) | |
| Postinvestment Audit (pg. 1.15-24) | |
| Review 15-8 Postinvestment Audit (pg. 1.15-25) | |
| Appendix 15-1: Time Value Of Money (pg. 1.15-26) | |
| Present Value of a Single Cash Flow (pg. 1.15-26) | |
| Present Value of an Annuity (pg. 1.15-27) | |
| Review 15-9 Present Value Computations (pg. 1.15-27) | |
| Appendix 15-2: Accounting Rate of Return (pg. 1.15-28) | |
| Review 15-10 Accounting Rate of Return (pg. 1.15-28) | |
| Comprehensive Chapter Review (pg. 1.15-29) | |
| Key Terms (pg. 1.15-29) | |
| Chapter Summary (pg. 1.15-29) | |
| Solution Strategies (pg. 1.15-31) | |
| Demonstration Problem (pg. 1.15-32) | |
| Potential Ethical Issues (pg. 1.15-33) | |
| Questions (pg. 1.15-34) | |
| Exercises (pg. 1.15-34) | |
| Problems (pg. 1.15-39) | |
| Review Solutions (pg. 1.15-45) | |
| Review 15-1 (pg. 1.15-45) | |
| Review 15-2 (pg. 1.15-46) | |
| Review 15-3 (pg. 1.15-46) | |
| Review 15-4 (pg. 1.15-46) | |
| Review 15-5 (pg. 1.15-46) | |
| Review 15-6 (pg. 1.15-47) | |
| Review 15-7 (pg. 1.15-48) | |
| Review 15-8 (pg. 1.15-48) | |
| Review 15-9 (pg. 1.15-49) | |
| Review 15-10 (pg. 1.15-49) | |
| Chapter 16 Managing Costs and Uncertainty (pg. 1.16-1) | |
| Introduction (pg. 1.16-2) | |
| Cost Control Systems (pg. 1.16-2) | |
| Review 16-1 Cost Control System (pg. 1.16-3) | |
| Understanding Cost Changes (pg. 1.16-3) | |
| Cost Changes Because of Volume Changes (pg. 1.16-4) | |
| Cost Changes Because of Inflation/Deflation (pg. 1.16-4) | |
| Cost Changes Because of Supply/Supplier Cost Adjustments (pg. 1.16-4) | |
| Cost Changes Because of Quantity Purchased (pg. 1.16-5) | |
| Review 16-2 Factors Causing Cost Changes (pg. 1.16-5) | |
| Cost Containment (pg. 1.16-6) | |
| Cost Avoidance and Cost Reduction (pg. 1.16-6) | |
| Review 16-3 Approaches to Cost Control (pg. 1.16-8) | |
| Committed Fixed Costs (pg. 1.16-8) | |
| Discretionary Costs (pg. 1.16-9) | |
| Review 16-4 Identifying Committed and Discretionary Fixed Costs (pg. 1.16-9) | |
| Controlling Discretionary Costs (pg. 1.16-10) | |
| Review 16-5 Controlling Discretionary Costs (pg. 1.16-16) | |
| Cash Management (pg. 1.16-17) | |
| What Variables Influence the Optimal Level of Cash? (pg. 1.16-17) | |
| What Are the Sources of Cash? (pg. 1.16-17) | |
| What Variables Influence the Cost of Carrying Cash? (pg. 1.16-19) | |
| Banking Relationships (pg. 1.16-19) | |
| Review 16-6 Cash Management (pg. 1.16-20) | |
| Coping with Uncertainty (pg. 1.16-20) | |
| The Nature and Causes of Uncertainty (pg. 1.16-21) | |
| Four Strategies for Dealing with Uncertainty (pg. 1.16-22) | |
| Review 16-7 Uncertainty in Estimating Costs (pg. 1.16-25) | |
| Comprehensive Chapter Review (pg. 1.16-26) | |
| Key Terms (pg. 1.16-26) | |
| Chapter Summary (pg. 1.16-26) | |
| Solution Strategies (pg. 1.16-27) | |
| Demonstration Problem (pg. 1.16-28) | |
| Potential Ethical Issues (pg. 1.16-28) | |
| Questions (pg. 1.16-29) | |
| Exercises (pg. 1.16-29) | |
| Problems (pg. 1.16-33) | |
| Review Solutions (pg. 1.16-42) | |
| Review 16-1 (pg. 1.16-42) | |
| Review 16-2 (pg. 1.16-42) | |
| Review 16-3 (pg. 1.16-42) | |
| Review 16-4 (pg. 1.16-42) | |
| Review 16-5 (pg. 1.16-42) | |
| Review 16-6 (pg. 1.16-42) | |
| Review 16-7 (pg. 1.16-42) | |
Michael R. Kinney
Texas A&M University
Dr. Kinney began his career at Texas A&M University in 1989 after completing the Ph.D. program at the University of Arizona. In the 31 years following, Dr. Kinney has been involved in teaching courses at all program levels including undergraduate, masters and Ph.D. In these programs Dr. Kinney has taught courses that span the content areas of management accounting, cost accounting, management control systems, management consulting, corporate taxation, partnership taxation, tax policy, and corporate tax strategies. In the past twelve years, Dr. Kinney has been teaching exclusively in the Mays (Texas A&M business school) MBA programs in College Station and Houston. In addition to teaching management accounting in these programs, Dr. Kinney has a substantial role as subject matter expert in the required capstone projects undertaken by all MBA students in their final year of the program. Also, from 2007 through 2016, Dr. Kinney was Coordinator of the Ph.D. Program in Accounting. Dr. Kinney retired as a full-time member of the Texas A&M faculty in August of 2018. He continues to teach management accounting courses in the MBA programs at Texas A&M.
Professor Kinney has been the recipient of several college and departmental teaching awards, an international research award, and a research award from the Academy of Marketing Studies. He has co-authored numerous academic articles and textbooks in managerial and cost accounting. In 2015 Dr. Kinney received the Texas A&M Association of Former Students Distinguished Service Award for mentoring graduate students. In 2018 Dr. Kinney was chosen as the Outstanding Faculty member by the Texas A&M EMBA program.
On a personal note, Dr. Kinney owns and manages a beef cattle operation in Texas with his wife and family.
| Cost Accounting, 10e - Foundations & Evolutions (Kinney, Raiborn, Dragoo) | |
|---|---|
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Errata Last Updated: Nov 22 2023 |
Corrections to identified errors in the first printing of the text. |
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Appendix A - PDF Last Updated: Oct 6 2021 |
Present Value Tables |
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Appendix B - PDF Last Updated: Oct 6 2021 |
Data Analytics |
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Data Analytics Files Last Updated: Apr 3 2023 |
Data Analytics files for students. Includes:
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Excel Templates - Students Last Updated: Nov 22 2022 |
Excel templates for students to go along with identified end-of-chapter assignments. |
