NOT IN USE - Custom ACT 501 (Le Moyne College)

by Easton

ISBN: 978-1-61853-456-9 | Copyright 2022

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Financial & Managerial Accounting for MBAs, 6e (pg. 1.1-1)
Module 1 Financial Accounting for MBAs (pg. 1.1-1)
Preview (pg. 1.1-1)
Reporting on Business Activities (pg. 1.1-3)
Business Activities (pg. 1.1-3)
Business Strategy (pg. 1.1-3)
Review 1-1 (pg. 1.1-4)
Financial Statements: Demand and Supply (pg. 1.1-4)
Demand for Information (pg. 1.1-4)
Supply of Information (pg. 1.1-7)
International Accounting Standards (pg. 1.1-8)
Review 1-2 (pg. 1.1-9)
Structure of Financial Statements (pg. 1.1-9)
Balance Sheet (pg. 1.1-10)
Income Statement (pg. 1.1-13)
Statement of Stockholders’ Equity (pg. 1.1-14)
Statement of Cash Flows (pg. 1.1-15)
Information Beyond Financial Statements (pg. 1.1-16)
Managerial Choices in Financial Accounting (pg. 1.1-17)
Review 1-3 (pg. 1.1-18)
Analysis of Financial Statements (pg. 1.1-18)
Return on Assets (pg. 1.1-18)
Components of Return on Assets (pg. 1.1-18)
Return on Equity (pg. 1.1-20)
Are Financial Statements Relevant? (pg. 1.1-20)
Review 1-4 (pg. 1.1-21)
Financial Statements and Business Analysis (pg. 1.1-22)
Analyzing the Competitive Environment (pg. 1.1-22)
SWOT Analysis of the Business Environment (pg. 1.1-23)
Analyzing Competitive Advantage (pg. 1.1-24)
Review 1-5 (pg. 1.1-25)
Book Road Map (pg. 1.1-25)
Global Accounting (pg. 1.1-26)
Appendix 1A: Financial Statement Data and Analytics (pg. 1.1-26)
SEC Filings (pg. 1.1-26)
Data Analytics (pg. 1.1-29)
Appendix 1B: Accounting Principles and Governance (pg. 1.1-30)
Financial Accounting Environment (pg. 1.1-30)
Audit Report (pg. 1.1-31)
Guidance Answers (pg. 1.1-34)
Questions (pg. 1.1-34)
Mini Exercises (pg. 1.1-35)
Exercises (pg. 1.1-38)
Problems (pg. 1.1-40)
IFRS Applications (pg. 1.1-46)
Management Applications (pg. 1.1-47)
Ongoing Project (pg. 1.1-48)
Solutions to Review Problems (pg. 1.1-48)
Review 1-1-Solution (pg. 1.1-48)
Review 1-2-Solution (pg. 1.1-49)
Review 1-3-Solution (pg. 1.1-49)
Review 1-4-Solution (pg. 1.1-50)
Review 1-5-Solution (pg. 1.1-50)
Module 2 Introducing Financial Statements (pg. 1.2-1)
Preview (pg. 1.2-1)
Balance Sheet (pg. 1.2-3)
Balance Sheet and the Flow of Costs (pg. 1.2-3)
Assets (pg. 1.2-4)
Liabilities and Equity (pg. 1.2-6)
Review 2-1 (pg. 1.2-13)
Income Statement (pg. 1.2-13)
Recognizing Revenues and Expenses (pg. 1.2-14)
Reporting of Transitory Items (pg. 1.2-15)
Analyzing the Income Statement (pg. 1.2-16)
Review 2-2 (pg. 1.2-17)
Statement of Stockholders’ Equity (pg. 1.2-17)
Review 2-3 (pg. 1.2-18)
Statement of Cash Flows (pg. 1.2-18)
Statement Format and Data Sources (pg. 1.2-18)
Review 2-4 (pg. 1.2-20)
Articulation of Financial Statements (pg. 1.2-20)
Retained Earnings Reconciliation (pg. 1.2-20)
Financial Statement Linkages (pg. 1.2-20)
Review 2-5 (pg. 1.2-22)
Additional Information Sources (pg. 1.2-22)
Form 10-K (pg. 1.2-22)
Form 20-F and Form 40-F (pg. 1.2-24)
Form 8-K (pg. 1.2-25)
Analyst Reports (pg. 1.2-25)
Credit Services (pg. 1.2-26)
Data Services (pg. 1.2-26)
Review 2-6 (pg. 1.2-26)
Global Accounting (pg. 1.2-26)
Balance Sheet (pg. 1.2-26)
Income Statement (pg. 1.2-26)
Guidance Answers (pg. 1.2-27)
Questions (pg. 1.2-27)
Mini Exercises (pg. 1.2-28)
Exercises (pg. 1.2-29)
Problems (pg. 1.2-34)
IFRS Applications (pg. 1.2-38)
Management Applications (pg. 1.2-38)
Ongoing Project (pg. 1.2-39)
Solutions to Review Problems (pg. 1.2-40)
Review 2-1-Solution (pg. 1.2-40)
Review 2-2-Solution (pg. 1.2-40)
Review 2-3-Solution (pg. 1.2-40)
Review 2-4-Solution (pg. 1.2-41)
Review 2-5-Solution (pg. 1.2-41)
Review 2-6-Solution (pg. 1.2-42)
Module 4 Analyzing and Interpreting Financial Statements (pg. 1.4-1)
Preview (pg. 1.4-1)
Return on Equity (ROE) (pg. 1.4-3)
Review 4-1 (pg. 1.4-3)
ROE Disaggregation: DuPont Analysis (pg. 1.4-4)
Return on Assets (pg. 1.4-4)
Financial Leverage (pg. 1.4-5)
Review 4-2 (pg. 1.4-5)
Return on Assets and Its Disaggregation (pg. 1.4-6)
Analysis of Profitability and Productivity (pg. 1.4-7)
Analysis of Profitability (pg. 1.4-8)
Analysis of Productivity (pg. 1.4-9)
Analysis of Financial Leverage (pg. 1.4-12)
Review 4-3 (pg. 1.4-14)
Balance Sheet Analysis with an Operating Focus (pg. 1.4-14)
Operating and Nonoperating Returns (pg. 1.4-14)
Operating and Nonoperating Liabilities (pg. 1.4-15)
Return on Net Operating Assets (RNOA) (pg. 1.4-15)
Net Operating Assets (NOA) (pg. 1.4-15)
Net Nonoperating Obligations (NNO) (pg. 1.4-17)
Review 4-4 (pg. 1.4-18)
Income Statement Analysis with an Operating Focus (pg. 1.4-19)
Operating Line Items on the Income Statement (pg. 1.4-19)
Nonoperating Line Items on the Income Statement (pg. 1.4-19)
Net Nonoperating Expense (NNE) (pg. 1.4-22)
Review 4-5 (pg. 1.4-22)
Return on Net Operating Assets (RNOA) (pg. 1.4-23)
RNOA vs ROA (pg. 1.4-23)
Financial leverage (pg. 1.4-24)
Review 4-6 (pg. 1.4-25)
RNOA Disaggregation into Margin and Turnover (pg. 1.4-25)
Net Operating Profit Margin (pg. 1.4-25)
Net Operating Asset Turnover (pg. 1.4-26)
Trade-Off between Margin and Turnover (pg. 1.4-27)
Review 4-7 (pg. 1.4-29)
Global Accounting (pg. 1.4-29)
Appendix 4A: Operating versus Nonoperating Classification (pg. 1.4-30)
Appendix 4B: Nonoperating Return Component of ROE (pg. 1.4-31)
Nonoperating Return (pg. 1.4-31)
Nonoperating Return- With Substantial Net Nonoperating Assets: Amazon (pg. 1.4-33)
Nonoperating Return- With Noncontrolling Interest: AT&T (pg. 1.4-34)
Appendix 4C: Liquidity and Solvency Analysis (pg. 1.4-35)
Liquidity Analysis (pg. 1.4-36)
Current Ratio (pg. 1.4-36)
Quick Ratio (pg. 1.4-36)
Solvency Analysis (pg. 1.4-37)
Liabilities-to-Equity (pg. 1.4-37)
Times Interest Earned (pg. 1.4-38)
Vertical and Horizontal Analysis (pg. 1.4-38)
Limitations of Ratio Analysis (pg. 1.4-40)
Review 4-9 (pg. 1.4-41)
Guidance Answers (pg. 1.4-41)
Questions (pg. 1.4-42)
Mini Exercises (pg. 1.4-42)
Exercises (pg. 1.4-46)
Problems (pg. 1.4-50)
IFRS Applications (pg. 1.4-57)
Management Applications (pg. 1.4-57)
Ongoing Project (pg. 1.4-58)
Solutions to Review Problems (pg. 1.4-59)
Review 4-1-Solution (pg. 1.4-59)
Review 4-2-Solution (pg. 1.4-59)
Review 4-3-Solution (pg. 1.4-59)
Review 4-4-Solution (pg. 1.4-60)
Review 4-5-Solution (pg. 1.4-60)
Review 4-6-Solution (pg. 1.4-60)
Review 4-7-Solution (pg. 1.4-60)
Review 4-8-Solution (pg. 1.4-60)
Review 4-9-Solution (pg. 1.4-61)
Module 11 Cash Flows (pg. 1.11-1)
Preview (pg. 1.11-2)
Framework for Statement of Cash Flows (pg. 1.11-3)
Relation Among Financial Statements (pg. 1.11-3)
Statement of Cash Flows Structure (pg. 1.11-4)
Operating Activities Preview (pg. 1.11-5)
Investing Activities Preview (pg. 1.11-8)
Financing Activities Preview (pg. 1.11-8)
Review 11-1 (pg. 1.11-8)
Cash Flow from Operating Activities (pg. 1.11-9)
Steps to Compute Net Cash Flow from Operating Activities (pg. 1.11-10)
Java House Case Illustration (pg. 1.11-11)
Review 11-2 (pg. 1.11-15)
Computing Cash Flows from Investing Activities (pg. 1.11-16)
Analyze Remaining Noncash Assets (pg. 1.11-16)
Java House Case Illustration (pg. 1.11-16)
Review 11-3 (pg. 1.11-18)
Cash Flows from Financing Activities (pg. 1.11-18)
Analyze Remaining Liabilities and Equity (pg. 1.11-18)
Java House Case Illustration (pg. 1.11-18)
Review 11-4A (pg. 1.11-19)
Computing Cash Flows from Balance Sheet Accounts (pg. 1.11-19)
Supplemental Disclosures for the Indirect Method (pg. 1.11-20)
Review 11-4B (pg. 1.11-21)
Analysis of Cash Flow Information (pg. 1.11-21)
Cash Flow Components (pg. 1.11-21)
Cash Flow Patterns (pg. 1.11-23)
Usefulness of the Statement of Cash Flows (pg. 1.11-25)
Review 11-5 (pg. 1.11-27)
Ratio Analyses of Cash Flows (pg. 1.11-27)
Free Cash Flow (pg. 1.11-28)
Review 11-6 (pg. 1.11-29)
Appendix 11A: Direct Method Reporting for Statement of Cash Flows (pg. 1.11-29)
Cash Flows from Operating Activities (pg. 1.11-29)
Converting Revenues and Expenses to Cash Flows (pg. 1.11-29)
Java House Case Illustration (pg. 1.11-29)
Convert Sales to Cash Received from Customers (pg. 1.11-30)
Convert Cost of Goods Sold to Cash Paid for Merchandise Purchased (pg. 1.11-30)
Convert Wages Expense to Cash Paid to Employees (pg. 1.11-31)
Convert Insurance Expense to Cash Paid for Insurance (pg. 1.11-31)
Eliminate Depreciation Expense and Other Noncash Operating Expenses (pg. 1.11-31)
Convert Income Tax Expense to Cash Paid for Income Taxes (pg. 1.11-31)
Omit Gains and Losses Related to Investing and Financing Activities (pg. 1.11-31)
Cash Flows from Investing and Financing (pg. 1.11-32)
Supplemental Disclosures (pg. 1.11-32)
Review 11-7 (pg. 1.11-32)
Guidance Answers (pg. 1.11-32)
Questions (pg. 1.11-33)
Mini Exercises (pg. 1.11-34)
Exercises (pg. 1.11-37)
Problems (pg. 1.11-43)
IFRS Applications (pg. 1.11-55)
Solutions to Review Problems (pg. 1.11-56)
Review 11-1-Solution (pg. 1.11-56)
Review 11-2-Solution (pg. 1.11-56)
Review 11-3-Solution (pg. 1.11-57)
Review 11-4A-Solution (pg. 1.11-57)
Review 11-4B-Solution (pg. 1.11-57)
Review 11-5-Solution (pg. 1.11-57)
Review 11-6-Solution (pg. 1.11-58)
Review 11-7-Solution (pg. 1.11-58)
Module 12 Financial Statement Forecasting (pg. 1.12-1)
Preview (pg. 1.12-1)
Forecasting Process (pg. 1.12-3)
Adjusted Financial Statements (pg. 1.12-3)
Forecasting Order of Financial Statements (pg. 1.12-3)
Morgan Stanley Forecasting Process (pg. 1.12-4)
Forecasting Mechanics (pg. 1.12-4)
Forecasting Consistency and Precision (pg. 1.12-4)
Company Guidance (pg. 1.12-5)
Review 12-1 (pg. 1.12-6)
Forecasting the Income Statement (pg. 1.12-8)
Overview (pg. 1.12-8)
Sales as the Income Statement Forecast Driver (pg. 1.12-9)
Cost of Goods Sold (COGS) (pg. 1.12-9)
SGA Expense (pg. 1.12-9)
Interest Expense (pg. 1.12-9)
Income Tax Expense (pg. 1.12-10)
Review 12-2 (pg. 1.12-11)
Forecasting the Balance Sheet (pg. 1.12-12)
Overview Here is a high-level overview of balance sheet forecasting-details follow. Working (pg. 1.12-12)
Working Capital Accounts (pg. 1.12-12)
PPE (Property, Plant and Equipment) Assets (pg. 1.12-12)
Intangible Assets (pg. 1.12-14)
Long-Term Debt (LTD) (pg. 1.12-14)
Retained Earnings (pg. 1.12-14)
Dividends (pg. 1.12-15)
Treasury Stock (pg. 1.12-15)
Cash Plug (the plug) (pg. 1.12-15)
Estimating the Normal Cash Level (pg. 1.12-15)
When Cash Plug Deviates from Norm (pg. 1.12-15)
Maintaining the Capital Structure (pg. 1.12-16)
Review 12-3 (pg. 1.12-16)
Building Forecasts from the Bottom Up (pg. 1.12-16)
Segment Data (pg. 1.12-16)
Review 12-4 (pg. 1.12-18)
Appendix 12A: Forecasting the Statement of Cash Flows (pg. 1.12-19)
Review 12-5 (pg. 1.12-20)
Appendix 12B: Multiyear Forecasting with Target Cash and New Debt Financing (pg. 1.12-20)
Forecasting Sensitivity Analysis (pg. 1.12-21)
Review 12-6 (pg. 1.12-22)
Appendix 12C: Parsimonious Method for Forecasting NOPAT and NOA (pg. 1.12-22)
Multiyear Forecasting with Parsimonious Method (pg. 1.12-22)
Review 12-7 (pg. 1.12-23)
Appendix 12D: Morgan Stanley’s Forecast Report on Procter & Gamble (pg. 1.12-23)
Questions (pg. 1.12-31)
Mini Exercises (pg. 1.12-31)
Exercises (pg. 1.12-37)
Problems (pg. 1.12-45)
Ongoing Project (pg. 1.12-51)
Solutions to Review Problems (pg. 1.12-51)
Review 12-1-Solution (pg. 1.12-51)
Review 12-2-Solution (pg. 1.12-52)
Review 12-3-Solution (pg. 1.12-52)
Review 12-4-Solution (pg. 1.12-53)
Review 12-5-Solution (pg. 1.12-54)
Review 12-6-Solution (pg. 1.12-54)
Review 12-7-Solution (pg. 1.12-55)
Module 14 Managerial Accounting for MBAs (pg. 1.14-1)
Preview (pg. 1.14-1)
Uses of Accounting Information (pg. 1.14-3)
Financial Accounting (pg. 1.14-3)
Managerial Accounting (pg. 1.14-4)
Review 14-1 (pg. 1.14-5)
Strategic Cost Management (pg. 1.14-5)
Review 14-2 (pg. 1.14-6)
Missions, Goals, and Strategies (pg. 1.14-6)
An Organization’s Mission and Goals (pg. 1.14-6)
Strategic Position Analysis (pg. 1.14-7)
Managerial Accounting and Goal Attainment (pg. 1.14-9)
Planning, Organizing, and Controlling (pg. 1.14-10)
Review 14-3 (pg. 1.14-11)
Changing Environment of Business (pg. 1.14-12)
Global Competition and Its Key Dimensions (pg. 1.14-12)
Big Data and Analysis (pg. 1.14-12)
Robotics and Cognitive Technologies (pg. 1.14-12)
Enterprise Risk Management (ERM) (pg. 1.14-13)
Review 14-4 (pg. 1.14-13)
Ethics in Managerial Accounting (pg. 1.14-13)
Codes of Ethics (pg. 1.14-15)
Corporate Governance (pg. 1.14-15)
Sustainability Accounting and Corporate Social Responsibility (pg. 1.14-16)
Review 14-5 (pg. 1.14-17)
Cost Drivers (pg. 1.14-17)
Structural Cost Drivers (pg. 1.14-18)
Organizational Cost Drivers (pg. 1.14-19)
Activity Cost Drivers (pg. 1.14-19)
Review 14-6 (pg. 1.14-20)
Guidance Answers (pg. 1.14-20)
Questions (pg. 1.14-21)
Mini Exercises (pg. 1.14-21)
Exercises (pg. 1.14-23)
Management Applications (pg. 1.14-24)
Solutions to Review Problems (pg. 1.14-26)
Review 14-1-Solution (pg. 1.14-26)
Review 14-2-Solution (pg. 1.14-27)
Review 14-3-Solution (pg. 1.14-27)
Review 14-4-Solution (pg. 1.14-27)
Review 14-5-Solution (pg. 1.14-27)
Review 14-6-Solution (pg. 1.14-28)
Module 15 Cost Behavior, Activity Analysis, and Cost Estimation (pg. 1.15-1)
Preview (pg. 1.15-1)
Cost Behavior Analysis (pg. 1.15-3)
Four Basic Cost Behavior Patterns (pg. 1.15-3)
Factors Affecting Cost Behavior Patterns (pg. 1.15-5)
Review 15-1 (pg. 1.15-5)
Total Cost Function for an Organization or Segment (pg. 1.15-6)
Relevant Range (pg. 1.15-7)
Additional Cost Behavior Patterns (pg. 1.15-8)
Committed and Discretionary Fixed Costs (pg. 1.15-10)
Review 15-2 (pg. 1.15-11)
Cost Estimation (pg. 1.15-11)
High-Low Cost Estimation (pg. 1.15-11)
Scatter Diagrams (pg. 1.15-13)
Least-Squares Regression (pg. 1.15-14)
Review 15-3 (pg. 1.15-16)
Additional Issues in Cost Estimation (pg. 1.15-17)
Changes in Technology and Prices (pg. 1.15-17)
Matching Activity and Costs (pg. 1.15-17)
Identifying Activity Cost Drivers (pg. 1.15-18)
Alternative Cost Driver Classifications (pg. 1.15-18)
Manufacturing Cost Hierarchy (pg. 1.15-19)
Customer Cost Hierarchy (pg. 1.15-20)
Review 15-5 (pg. 1.15-21)
Guidance Answers (pg. 1.15-21)
Questions (pg. 1.15-22)
Mini Exercises (pg. 1.15-22)
Exercises (pg. 1.15-24)
Problems (pg. 1.15-27)
Management Applications (pg. 1.15-29)
Solutions to Review Problems (pg. 1.15-32)
Review 15-1-Solution (pg. 1.15-32)
Review 15-2-Solution (pg. 1.15-32)
Review 15-3-Solution (pg. 1.15-33)
Review 15-4-Solution (pg. 1.15-33)
Review 15-5-Solution (pg. 1.15-33)
Module 16 Cost-Volume-Profit Analysis and Planning (pg. 1.16-1)
Preview (pg. 1.16-1)
Cost-Volume-Profit Analysis (pg. 1.16-3)
Key Assumptions (pg. 1.16-3)
Profit Formula (pg. 1.16-5)
Review 16-1 (pg. 1.16-6)
Contribution and Functional Income Statements (pg. 1.16-7)
Contribution Income Statement (pg. 1.16-7)
Functional Income Statement (pg. 1.16-7)
Analysis Using Contribution Margin Ratio (pg. 1.16-8)
Review 16-2 (pg. 1.16-8)
Break-Even Point and Profit Planning (pg. 1.16-9)
Determining Break-Even Point in Units (pg. 1.16-9)
Profit Planning (pg. 1.16-10)
Cost-Volume-Profit Graph (pg. 1.16-11)
Profit-Volume Graph (pg. 1.16-11)
Impact of Income Taxes (pg. 1.16-13)
Review 16-3 (pg. 1.16-14)
Multiple-Product Cost-Volume-Profit Analysis (pg. 1.16-15)
Determining Break-Even and Target Profit Sales Dollars (pg. 1.16-15)
Sales Mix Analysis (pg. 1.16-15)
Review 16-4 (pg. 1.16-18)
Analysis of Operating Leverage (pg. 1.16-18)
Review 16-5 (pg. 1.16-20)
Appendix 16A: Profitability Analysis with Unit and Nonunit Cost Drivers (pg. 1.16-21)
Multi-Level Contribution Income Statement (pg. 1.16-21)
Variations in Multi-Level Contribution Income Statement (pg. 1.16-23)
Review 16-6 (pg. 1.16-24)
Guidance Answers (pg. 1.16-24)
Questions (pg. 1.16-24)
Mini Exercises (pg. 1.16-24)
Exercises (pg. 1.16-26)
Problems (pg. 1.16-30)
Management Applications (pg. 1.16-35)
Solutions to Review Problems (pg. 1.16-36)
Review 16-1-Solution (pg. 1.16-36)
Review 16-2-Solution (pg. 1.16-36)
Review 16-3-Solution (pg. 1.16-37)
Review 16-4-Solution (pg. 1.16-37)
Review 16-5-Solution (pg. 1.16-38)
Review 16-6-Solution (pg. 1.16-38)
Module 19 Activity-Based Costing, Customer Profitability, and Activity-Based Management (pg. 1.19-1)
Preview (pg. 1.19-1)
Activity-Based Costing (ABC) (pg. 1.19-3)
Changing Cost Environment (pg. 1.19-3)
Activity-Based Costing Concepts (pg. 1.19-4)
ABC Product Costing Model (pg. 1.19-5)
Review 19-2 (pg. 1.19-6)
Traditional Product Costing and ABC Compared (pg. 1.19-6)
Applying Overhead with a Plantwide Rate (pg. 1.19-7)
Applying Overhead with Department Rates (pg. 1.19-7)
Applying Overhead with Activity-Based Costing (pg. 1.19-9)
Review 19-3 (pg. 1.19-12)
Implementation of ABC (pg. 1.19-13)
Limitations of ABC Illustration (pg. 1.19-13)
Comparing Traditional and Activity-Based Costing (pg. 1.19-13)
ABC Implementation Issues (pg. 1.19-14)
Review 19-4 (pg. 1.19-15)
ABC and Customer Profitability Analysis (pg. 1.19-16)
Customer Profitability Profile (pg. 1.19-16)
ABC Customer Profitability Analysis Illustrated (pg. 1.19-16)
Review 19-5 (pg. 1.19-19)
Activity-Based Management (pg. 1.19-19)
The Difference Between ABC and Activity-Based Managemen (pg. 1.19-19)
Review 19-6 (pg. 1.19-20)
Guidance Answers (pg. 1.19-20)
Questions (pg. 1.19-21)
Mini Exercises (pg. 1.19-21)
Exercises (pg. 1.19-24)
Problems (pg. 1.19-28)
Management Applications (pg. 1.19-33)
Solutions to Review Problems (pg. 1.19-37)
Review 19-1-Solution (pg. 1.19-37)
Review 19-2-Solution (pg. 1.19-37)
Review 19-3-Solution (pg. 1.19-37)
Review 19-4-Solution (pg. 1.19-39)
Review 19-5-Solution (pg. 1.19-39)
Review 19-6-Solution (pg. 1.19-39)
Module 22 Operational Budgeting and Profit Planning (pg. 1.22-1)
Preview (pg. 1.22-1)
Reasons for Budgeting (pg. 1.22-3)
Compel Planning (pg. 1.22-3)
Promote Communication and Coordination (pg. 1.22-3)
Provide a Guide to Action and Basis of Evaluation (pg. 1.22-3)
Aid in Risk Management (pg. 1.22-3)
Review 22-1 (pg. 1.22-4)
General Approaches to Budgeting (pg. 1.22-4)
Output/Input Approach (pg. 1.22-5)
Activity-Based Approach (pg. 1.22-5)
Incremental Approach (pg. 1.22-5)
Minimum Level Approach (pg. 1.22-5)
Review 22-2 (pg. 1.22-6)
Master Budget (pg. 1.22-7)
Sales Budget (pg. 1.22-9)
Purchases Budget (pg. 1.22-10)
Selling Expense Budget (pg. 1.22-10)
General and Administrative Expense Budget (pg. 1.22-11)
Cash Budget (pg. 1.22-11)
Budgeted Financial Statements (pg. 1.22-13)
Finalizing the Budget (pg. 1.22-14)
Review 22-3 (pg. 1.22-15)
Budget Development in Manufacturing Organizations (pg. 1.22-16)
Production Budget (pg. 1.22-16)
Manufacturing Cost Budget (pg. 1.22-16)
Review 22-4 (pg. 1.22-19)
Budget Development and Manager Behavior (pg. 1.22-20)
Employee Participation (pg. 1.22-20)
Budgeting Periods (pg. 1.22-21)
Forecasts (pg. 1.22-21)
Ethics (pg. 1.22-22)
Open Book Management (pg. 1.22-22)
Bookmark 34 (pg. 1.22-23)
Guidance Answers (pg. 1.22-23)
Questions (pg. 1.22-23)
Mini Exercises (pg. 1.22-24)
Exercises (pg. 1.22-26)
Problems (pg. 1.22-30)
Management Applications (pg. 1.22-35)
Solutions to Review Problems (pg. 1.22-37)
Review 22-1-Solution (pg. 1.22-37)
Review 22-2-Solution (pg. 1.22-38)
Review 22-3-Solution (pg. 1.22-38)
Review 22-4-Solution (pg. 1.22-40)
Review 22-5-Solution (pg. 1.22-42)
Peter D. Easton

Peter D. Easton

Peter D. Easton is an expert in accounting and valuation and holds the Notre Dame Alumni Chair in Accountancy in the Mendoza College of Business.

Professor Easton’s expertise is widely recognized by the academic research community and by the legal community. Professor Easton frequently serves as a consultant on accounting and valuation issues in federal and state courts.

Professor Easton holds undergraduate degrees from the University of Adelaide and the University of South Australia. He holds a graduate degree from the University of New England and a PhD in Business Administration (majoring in accounting and finance) from the University of California, Berkeley.

Professor Easton’s research on corporate valuation has been published in the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Review of Accounting Studies, and Journal of Business Finance and Accounting.

Professor Easton has served as an associate editor for 11 leading accounting journals and he is currently an associate editor for the Journal of Accounting Research, Journal of Business Finance and Accounting, and Journal of Accounting, Auditing, and Finance. He is an editor of the Review of Accounting Studies.

Professor Easton has held appointments at the University of Chicago, the University of California at Berkeley, Ohio State University, Macquarie University, the Australian Graduate School of Management, the University of Melbourne, Tilburg University, National University of Singapore, Seoul National University, and Nyenrode University. He is the recipient of numerous awards for excellence in teaching and in research. Professor Easton regularly teaches accounting analysis and security valuation to MBAs. In addition, Professor Easton has taught managerial accounting at the graduate level.


Financial & Managerial Accounting for MBAs, 6e (Easton, Halsey, McAnally)
Errata
Last Updated: Oct 30 2023

Corrections to identified errors in the first printing of the text.

Appendix C
Last Updated: Sep 16 2020

Appendix C:  Comprehensive Case / Harley-Davidson

Excel Templates - Students
Last Updated: Nov 14 2022

Excel templates for use with the Module Reviews associated with the financial modules of the text.