SOLUTIONMANUAL g
Horngren's Accounting, The Managerial Chapters, 14th Edition
g g g g g g
By Tracie Miller-Nobles Brenda Mattison, All Chapters 1 - 9
g g g g g g g g g
,Table gof gcontents
1. Introduction to Managerial Accounting
g g g
2. Job Order Costing
g g
3. Process Costing
g
4. Cost-Volume-Profit Analysis g
5. Master Budgets
g
6. Flexible Budgets and Standard Cost Systems
g g g g g
7. Cost Allocation and Responsibility Accounting
g g g g
8. Short-Term Business Decisions
g g
9. Capital Investment Decisions
g g
, Chapter gM:1
Introduction gto gManagerial gAccounting
Review g Questions g
1. What gis gthe gprimary gpurpose gof gmanagerial gaccounting?
The gprimary gpurpose gof gmanagerial gaccounting gis gto gprovide ginformation gto ghelp gmanagers gplan,
g direct, gcontrol, gand gmake gdecisions.
2. List gsix gdifferences gbetween gfinancial gaccounting gand gmanagerial gaccounting.
Financial g accounting g and g managerial g accounting g differ g on g the g following g 6 g dimensions: g (1)
g primary g users, g (2) g purpose g of g information, g (3) g focus g and g time g dimension g of g the g information,
g (4) g rules g and g re- g strictions, g(5) gscope gof ginformation, gand g(6) gbehavioral.
3. Explain gthe gdifference gbetween gline gpositions gand gstaff gpositions.
Line gpositions gare gdirectly ginvolved gin gproviding ggoods gor gservices gto gcustomers. gStaff gpositions
g support gline gpositions.
4. Explain gthe gdifferences gbetween gplanning, gdirecting, gand gcontrolling.
Planning gmeans gchoosing ggoals gand gdeciding ghow gto gachieve gthem. gDirecting ginvolves grunning gthe
gday- g to-day goperations gof ga gbusiness. gControlling gis gthe gprocess gof gmonitoring goperations gand
gkeepingthe g company gon gtrack.
5. List gthe gfour gIMA gstandards gof gethical gpractice gand gbriefly gdescribe geach.
The gfour gIMA gstandards gof gethical gpractice gand ga gdescription gof geach gfollow.
I. Competence.
Maintain gan gappropriate glevel gof gprofessional gleadership gand gexpertise gby genhancing
g knowledge gand gskills.
Perform gprofessional gduties gin gaccordance gwith grelevant glaws, gregulations, gand gtechnical
g standards.
Provide gdecision gsupport ginformation gand grecommendations gthat gare gaccurate, gclear, gconcise,
Horngren's Accounting, The Managerial Chapters, 14th Edition
g g g g g g
By Tracie Miller-Nobles Brenda Mattison, All Chapters 1 - 9
g g g g g g g g g
,Table gof gcontents
1. Introduction to Managerial Accounting
g g g
2. Job Order Costing
g g
3. Process Costing
g
4. Cost-Volume-Profit Analysis g
5. Master Budgets
g
6. Flexible Budgets and Standard Cost Systems
g g g g g
7. Cost Allocation and Responsibility Accounting
g g g g
8. Short-Term Business Decisions
g g
9. Capital Investment Decisions
g g
, Chapter gM:1
Introduction gto gManagerial gAccounting
Review g Questions g
1. What gis gthe gprimary gpurpose gof gmanagerial gaccounting?
The gprimary gpurpose gof gmanagerial gaccounting gis gto gprovide ginformation gto ghelp gmanagers gplan,
g direct, gcontrol, gand gmake gdecisions.
2. List gsix gdifferences gbetween gfinancial gaccounting gand gmanagerial gaccounting.
Financial g accounting g and g managerial g accounting g differ g on g the g following g 6 g dimensions: g (1)
g primary g users, g (2) g purpose g of g information, g (3) g focus g and g time g dimension g of g the g information,
g (4) g rules g and g re- g strictions, g(5) gscope gof ginformation, gand g(6) gbehavioral.
3. Explain gthe gdifference gbetween gline gpositions gand gstaff gpositions.
Line gpositions gare gdirectly ginvolved gin gproviding ggoods gor gservices gto gcustomers. gStaff gpositions
g support gline gpositions.
4. Explain gthe gdifferences gbetween gplanning, gdirecting, gand gcontrolling.
Planning gmeans gchoosing ggoals gand gdeciding ghow gto gachieve gthem. gDirecting ginvolves grunning gthe
gday- g to-day goperations gof ga gbusiness. gControlling gis gthe gprocess gof gmonitoring goperations gand
gkeepingthe g company gon gtrack.
5. List gthe gfour gIMA gstandards gof gethical gpractice gand gbriefly gdescribe geach.
The gfour gIMA gstandards gof gethical gpractice gand ga gdescription gof geach gfollow.
I. Competence.
Maintain gan gappropriate glevel gof gprofessional gleadership gand gexpertise gby genhancing
g knowledge gand gskills.
Perform gprofessional gduties gin gaccordance gwith grelevant glaws, gregulations, gand gtechnical
g standards.
Provide gdecision gsupport ginformation gand grecommendations gthat gare gaccurate, gclear, gconcise,
