NOT IN USE - Custom Management Accounting (Wilfrid Laurier University, 1-5, 11)
Custom Edition
by Atkinson
ISBN: 978-1-61853-352-4 | Copyright 2019
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| Brief Table of Contents (pg. iii) | |
| Contents (pg. iv) | |
| Chapter 1 How Management Accounting Information Supports Decision Making (pg. 1) | |
| What Is Management Accounting? (pg. 3) | |
| Management Accounting and Financial Accounting (pg. 3) | |
| A Brief History of Management Accounting (pg. 3) | |
| The Balanced Scorecard: Management Accounting’s Solution for Measuring Intangible Assets (pg. 5) | |
| Behavioral Implications of Management Accounting Information (pg. 6) | |
| Book Structure (pg. 6) | |
| Summary (pg. 7) | |
| Key Terms (pg. 7) | |
| Assignment Materials (pg. 7) | |
| Questions (pg. 7) | |
| Exercises (pg. 7) | |
| Problems (pg. 8) | |
| Cases (pg. 8) | |
| Chapter 2 Using Costs in Decision Making (pg. 10) | |
| How Management Accounting Supports Internal Decision Making (pg. 11) | |
| Pricing (pg. 11) | |
| Product Planning (pg. 11) | |
| Budgeting (pg. 11) | |
| Performance Evaluation (pg. 11) | |
| Contracting (pg. 11) | |
| Important Cost Terms (pg. 11) | |
| Cost Objects, Direct Costs, and Indirect Costs (pg. 12) | |
| Variable Costs (pg. 12) | |
| Cost Drivers and Cost Driver Rates (pg. 13) | |
| Fixed Costs (pg. 13) | |
| Mixed Cost (pg. 15) | |
| Labor Costs: Variable or Fixed? (pg. 15) | |
| Total Cost (pg. 15) | |
| Cost Behavior Estimation (pg. 15) | |
| High-Low Method to Estimate Cost Behavior (pg. 16) | |
| Visual Inspection Method to Estimate Cost Behavior (pg. 16) | |
| Statistical Approach Method to Estimate Cost Behavior (pg. 17) | |
| Cost-Volume-Profit Analysis (pg. 17) | |
| Developing and Using the CVP Equation (pg. 18) | |
| Introducing Uncertainty into Cost Volume Profit Analysis (pg. 19) | |
| Taxes and CVP Analysis (pg. 20) | |
| Financial Modeling and What-If Analysis (pg. 21) | |
| The Multi Product Firm (pg. 21) | |
| Epilogue to Kitchen Magic (pg. 22) | |
| Summary (pg. 24) | |
| Key Terms (pg. 24) | |
| Assignment Materials (pg. 24) | |
| Questions (pg. 24) | |
| Exercises (pg. 24) | |
| Chapter 3 Decision Making and Management Accounting Information (pg. 38) | |
| Cost Definitions Important in Decision Making (pg. 39) | |
| Manufacturing Costs (pg. 39) | |
| Incremental Costs (pg. 39) | |
| Sunk Costs (pg. 39) | |
| Relevant Cost (pg. 40) | |
| Avoidable Cost (pg. 40) | |
| Opportunity Cost (pg. 41) | |
| Relevant Cost Analysis in Decision Making (pg. 43) | |
| Make or Buy-the Outsourcing Decision (pg. 43) | |
| The Decision to Drop a Product or Division (pg. 46) | |
| Costing Special Orders (pg. 48) | |
| Costing Special Orders and Opportunity Cost Considerations (pg. 48) | |
| Relevant Cost and Short-Term Product Mix Decisions (pg. 49) | |
| Epilogue to Iris Company (pg. 50) | |
| Key Terms (pg. 51) | |
| Assignment Materials (pg. 51) | |
| Questions (pg. 51) | |
| Exercises (pg. 52) | |
| Problems (pg. 63) | |
| Cases (pg. 70) | |
| Chapter 4 Accumulating and Assigning Costs to Products (pg. 76) | |
| Cost Management Systems (pg. 77) | |
| Cost Flows in Organizations (pg. 77) | |
| Manufacturing Organizations (pg. 77) | |
| Retail Organizations (pg. 77) | |
| Service Organizations (pg. 78) | |
| Going Forward (pg. 79) | |
| Handling Indirect Costs in a Manufacturing Environment (pg. 79) | |
| Single Indirect Cost Pools (pg. 80) | |
| Multiple Indirect Cost Pools (pg. 81) | |
| Cost Pool Homogeneity (pg. 83) | |
| Cambridge Chemicals (pg. 83) | |
| Raul Company (pg. 84) | |
| Overhead Allocation: Further Issues (pg. 85) | |
| Using Planned Capacity Cost (pg. 85) | |
| Reconciling Actual and Applied Capacity Costs (pg. 85) | |
| Cost Driver Level (pg. 86) | |
| Job Order Costing Systems (pg. 88) | |
| Job Order Costing (pg. 88) | |
| Process Costing Systems (pg. 88) | |
| The National Mint (pg. 89) | |
| Selkirk Manufacturing-the Container Division (pg. 89) | |
| Epilogue to Lin’s Custom Framing (pg. 95) | |
| Summary (pg. 96) | |
| Appendix 4-1 (pg. 96) | |
| Allocating Service Department Costs (pg. 96) | |
| Key Terms (pg. 100) | |
| Assignment Materials (pg. 100) | |
| Questions (pg. 100) | |
| Exercises (pg. 100) | |
| Problems (pg. 106) | |
| Cases (pg. 111) | |
| Chapter 5 Activity-Based Costing Systems (pg. 114) | |
| Traditional Manufacturing Costing Systems (pg. 116) | |
| Limitations of Madison’s Existing Standard Cost System (pg. 118) | |
| Activity-Based Costing (pg. 119) | |
| Calculating Resource Capacity Cost Rates (pg. 120) | |
| Calculating Resource Time Usage per Product (pg. 121) | |
| Calculating Product Cost and Profitability (pg. 122) | |
| Possible Actions as a Result of the More Accurate Costing (pg. 124) | |
| Measuring the Cost of Unused Resource Capacity (pg. 125) | |
| Fixed Costs and Variable Costs in Activity-Based Cost Systems (pg. 126) | |
| Using ABC for Budgeting and Resource Capacity Planning (pg. 127) | |
| Updating the ABC Model (pg. 130) | |
| Service Companies (pg. 131) | |
| Capacity Cost Rate (pg. 132) | |
| Time Equation for the Consumption of Broker’s Capacity (pg. 132) | |
| Implementation Issue (pg. 135) | |
| Lack of Clear Business Purpose (pg. 135) | |
| Lack of Senior Management Commitment (pg. 136) | |
| Delegating the Project to Consultants (pg. 136) | |
| Poor ABC Model Design (pg. 136) | |
| Individual and Organizational Resistance to Change (pg. 137) | |
| People Feel Threatened (pg. 137) | |
| Epilogue to Madison Dairy (pg. 137) | |
| Summary (pg. 138) | |
| Appendix 5-1 (pg. 138) | |
| Historical Origins of ABC (pg. 138) | |
| Key Terms (pg. 141) | |
| Assignment Materials (pg. 141) | |
| Questions (pg. 141) | |
| Exercises (pg. 141) | |
| Problems (pg. 144) | |
| Cases (pg. 152) | |
| Chapter 11 Using Budgets for Planning and Coordination (pg. 329) | |
| Determining the Levels of Capacity-Related and Flexible Resources (pg. 330) | |
| The Budgeting Process (pg. 331) | |
| The Role of Budgets and Budgeting (pg. 331) | |
| The Elements of Budgeting (pg. 333) | |
| Behavioral Considerations in Budgeting (pg. 333) | |
| Budget Components (pg. 333) | |
| Operating Budgets (pg. 334) | |
| Financial Budgets (pg. 335) | |
| The Budgeting Process Illustrated (pg. 335) | |
| Oxford Tole Art, Buoy Division (pg. 335) | |
| Sales Plan (pg. 336) | |
| The Production Plan (pg. 337) | |
| Developing the Spending Plans (pg. 338) | |
| Choosing the Capacity Levels (pg. 339) | |
| Handling Infeasible Production Plans (pg. 341) | |
| Interpreting the Production Plan (pg. 341) | |
| The Financial Plans (pg. 342) | |
| Understanding the Cash Flow Statement (pg. 342) | |
| Using the Financial Plans (pg. 345) | |
| Using the Projected Results (pg. 346) | |
| What-If Analysis (pg. 346) | |
| Evaluating Decision-Making Alternatives (pg. 347) | |
| Sensitivity Analysis (pg. 347) | |
| Comparing Actual and Planned Results (pg. 348) | |
| Variance Analysis (pg. 348) | |
| Basic Variance Analysis (pg. 349) | |
| Horton Company (pg. 349) | |
| First-Level Variances (pg. 351) | |
| Decomposing the Variances (pg. 353) | |
| Planning and Flexible Budget Variances (pg. 353) | |
| Quantity and Price Variances for Material and Labor (pg. 353) | |
| Sales Variances (pg. 357) | |
| The Role of Budgeting in Service and Not-for-Profit Organizations (pg. 362) | |
| Periodic and Continuous Budgeting (pg. 362) | |
| Controlling the Discretionary Expenditures (pg. 363) | |
| Incremental Budgeting (pg. 363) | |
| Zero-Based Budgeting (pg. 363) | |
| Project Funding (pg. 364) | |
| Managing the Budgeting Process (pg. 364) | |
| Criticisms of the Traditional Budgeting Model and the Beyond Budgeting Approach (pg. 364) | |
| Southwest Regional Health Center-Epilogue (pg. 365) | |
| Summary (pg. 366) | |
| Key Terms (pg. 367) | |
| Assignment Materials (pg. 367) | |
| Questions (pg. 367) | |
| Exercises (pg. 368) | |
| Problems (pg. 370) | |
| Cases (pg. 382) | |
| Index (pg. 388) | |
Anthony A. Atkinson
Anthony Atkinson holds a professional teaching position in Wilfrid Laurier University’s Lazaridis School of Business & Economics.
Anthony Atkinson holds a professional teaching position in Wilfrid Laurier University’s Lazaridis School of Business & Economics. Tony earned a bachelor of commerce and M.B.A. degrees from Queen’s University in Kingston, Ontario, and M.Sc. and Ph.D. degrees in industrial administration from Carnegie-Mellon University in Pittsburgh. Atkinson is a fellow (FCPA) of the Chartered Professional Accountants of Ontario (CPA Ontario) and has written or coauthored three texts, five monographs on management accounting practice, a volume of management accounting standards for CMA Ontario (now CPA Ontario), and more than 35 articles on performance measurement and costing. In 1989, the Canadian Academic Accounting Association awarded Atkinson the Haim Falk Prize for Distinguished Contribution to Accounting Thought. He has served on the editorial boards of two professional and five academic journals and is a past editor of the Journal of Management Accounting Research. Atkinson also served as a member of the Canadian government’s Cost Standards Advisory Committee, for which he developed the costing principles it now requires of government contractors.
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Corrections to identified errors in the printed text. Last Updated: May 8 2020 |
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