Managerial accounting: creating value in a dynamic
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business environment, 13th edition by hilton
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chapters 1 - 17 complete
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,TABLE of contentsIi Ii
Chapter 1: The Changing Role Of Managerial Accounting In A Dynamic Business
Environment
chapter 2: Basic Cost Management Concepts
Chapter 3: Product Costing And Cost Accumulation In A Batch Production Environment
Chapter 4: Process Costing And Hybrid Product-Costing Systems
Chapter 5: Activity-Based Costing And Management
Chapter 6: Activity Analysis, Cost Behavior, And Cost
Estimation
chapter 7: Cost-Volume-Profit Analysis
Chapter 8: Variable Costing And The Measurement Of ESG And Quality Costs
Chapter 9: Financial Planning And Analysis: The Master Budget
Chapter 10: Standard Costing And Analysis Of Direct Costs
Chapter 11: Flexible Budgeting And The Management Of Overhead And Support Activity
Costs
chapter 12: Responsibility Accounting And The Balanced Scorecard
Chapter 13: Investment Centers And Transfer Pricing
Chapter 14: Decision Making: Relevant Costs And Benefits
Chapter 15: Target Costing And Cost Analysis For Pricing
Decisions
chapter 16: Capital Expenditure Decisions
Chapter 17: Allocation Of Support Activity Costs And Joint Costs
Appendix I: The Sarbanes-Oxley Act, Internal Controls, And Management Accountingappendix
,II: Compound Interest And The Concept Of Present Value
Appendix III: Inventory Management
, CHAPTER 1
The Crucial Role Of Managerial Accounting In A
Dynamic Business Environment
FOCUS ON ETHICS (Located Before The Chapter Summary In The
Text.)
The Focus-On-Ethics Inset For Chapter 1 Is The IMA Statement Of Ethical Professional
Practice. Instructors Can Use This List Of Ethical Principles And Standards To Lead A
Class Discussion. The Discussion Can Also Range To Consideration Of How These
Standards May Have Been Violated By Accountants And Managers Involved In The Various
Ethical Scandals Uncovered Over The Past Several Years. It Is Also Useful To Discuss The
Pros And Cons Of The Procedures That IMA Suggests For Its Members When They
Believe They Know About Ethical Lapses In Their Organizations.
ANSWERS TO REVIEW QUESTIONS
1-1 The Explosion In E-Commerce Will Affect Managers In Significant Ways.
One Effect Will Be A Drastic Reduction In Paper Work. Millions Of Transactions
Between Businesses Are Now Being Conducted Electronically With No Hard-Copy
Documentation. Along With This Method Of Communicating For Business
Transactions Comes The Very Significant Issue Of Information Security. Businesses
Need To Find Ways To Protect Confidential Information In Their Own
Computers, In Cloud Computing Data Centers, And While Moving Across The
Internet, While At The Same Time Sharing The Information Necessary To
Complete Transactions. Another Effect Of E-Commerce Is The Dramatically
Increased Speed With Which Business Transactions Can Be Conducted. In Addition,
There Will Be Dramatic Changes In The Way Managerial Accounting Procedures
Are Carried Out, One Example Being Cloud- Based Budgeting, Which Is The
Enterprise-Wide And Electronic Completion Of A Company’s Budgeting Process
Using Cloud-Based Software And Data Storage.