(ALL 16 CHAPTERS)
Integration Exercises & Prologue Covered
, Managerial Accounting and Cost
Concepts
Chapter 1
Managerial Accounting
Eighteenth edition
, 1-2
Needs of Management
Financial accounting is concerned with
reporting financial information to external
parties, such as stockholders, creditors, and
regulators.
Managerial accounting is concerned with
providing information to employees within an
organization so that they can formulate plans,
control operations, and make decisions.
©McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further
distribution permitted without the prior written consent of McGraw-Hill Education.
, 1-3
Purposes of Cost Classification
1. Assigning costs to cost objects
2. Accounting for costs in manufacturing
companies
3. Preparing financial statements
4. Predicting cost behavior in response to
changes in activity
5. Making decisions
©McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further
distribution permitted without the prior written consent of McGraw-Hill Education.
Integration Exercises & Prologue Covered
, Managerial Accounting and Cost
Concepts
Chapter 1
Managerial Accounting
Eighteenth edition
, 1-2
Needs of Management
Financial accounting is concerned with
reporting financial information to external
parties, such as stockholders, creditors, and
regulators.
Managerial accounting is concerned with
providing information to employees within an
organization so that they can formulate plans,
control operations, and make decisions.
©McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further
distribution permitted without the prior written consent of McGraw-Hill Education.
, 1-3
Purposes of Cost Classification
1. Assigning costs to cost objects
2. Accounting for costs in manufacturing
companies
3. Preparing financial statements
4. Predicting cost behavior in response to
changes in activity
5. Making decisions
©McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further
distribution permitted without the prior written consent of McGraw-Hill Education.
