Solutions Manual itxi
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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Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Enviro
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nmentiiChapter 2: Basic Cost Management Concepts t x t x t x t x t x
Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environment
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tx Chapter 4: Process Costing and
t x t x t x t x t x Hybrid Product-Costing t x t x Systems
Chapter 5: Activity- t x t x
Based Costing and Management Chapter 6: Activity A
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nalysis, Cost Behavior, and Cost EstimationiiChapter 7:
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t x Cost-Volume-Profit Analysis t x
Chapter 8: Variable Costing and the Measurement of ESG and Quality
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Costs Chapter 9: Financial
tx t x t x t x Planning and t x t x Analysis: t x The Master Budget
t x t x
Chapter 10: Standard Costing and Analysis of Direct Costs
t x t x t x t x t x t x t x t x
Chapter 11: Flexible Budgeting and the Management of Overhead
t x t x t x t x t x t x t x t x t x and Support Activity
t x t x
tx CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
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Chapter 13: Investment Centers and Transfer Pricing
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Chapter 14: Decision Making: Relevant Costs and Ben
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efits Chapter 15: Target Costing and Cost Analysis for
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t x Pricing DecisionsiiChapter 16: Capital Expenditure Deci
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sions
Chapter 17: Allocation of Support Activity Costs and
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Appendix I: The Sarbanes- tx t x t x
Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
t x t x t x t x t x tx tx t x Compound Inter t x
,est and
t x t x the t x Concept of Present Value
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Appendix III: Inventory Management
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, CHAPTER 1 tx
The Crucial Role of Managerial Accounting in a
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Dynamic Business Environment xt tx
FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
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The focus-on-
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ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors can u
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se this list of ethical principles and standards to lead a class discussion. The discussion c
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an also range to consideration of how these standards may have been violated by accou
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ntants and managers involved in the various ethical scandals uncovered over the past seve
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ral years. It is also useful to discuss the pros and cons of the procedures that IMA suggest
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s for its members when they believe they know about ethical lapses in their organizatio
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ns.
ANSWERS TO REVIEW QUESTIONS tx tx tx
1-1 The explosion in e- tx tx tx
commerce will affect managers in significant ways. One effect will be a drastic r
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eduction in paper work. Millions of transactions between businesses are now be
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ing conducted electronically with no hard-
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copy documentation. Along withthis method of communicating for business transact
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ions comes the very significant issue of information security. Businesses need to
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find ways to protect confidential information in their own computers, in cloud c
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omputing data centers, and while moving across the internet, while at the sa
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me time sharing the information necessary to complete transactions. Another
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effect of e- tx tx
commerce is the dramatically increased speed with which business transactio
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ns can be conducted. In addition, there will be dramatic changes in the way man
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agerial accounting procedures are carried out, one example being cloud-
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based budgeting, which is the enterprise-
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wide and electronic completion of a company‘s budgeting process using cloud-
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based software and data storage.tx tx tx tx
Managerial Accounting: Creating Value in a Dynamic
itxi itxi itxi itxi itxi itxi
Business Environment, 13th Edition by Hilton
ii itxi itxi itxi itxi itxi
Chapters 1 - 17 Complete
ii itxi itxi itxi itxi
, tx
Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Enviro
t x t x t x t x t x t x t x t x t x t x t x tx
nmentiiChapter 2: Basic Cost Management Concepts t x t x t x t x t x
Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environment
t x t x t x t x t x t x t x t x t x t x t x
tx Chapter 4: Process Costing and
t x t x t x t x t x Hybrid Product-Costing t x t x Systems
Chapter 5: Activity- t x t x
Based Costing and Management Chapter 6: Activity A
t x t x t x tx t x t x t x
nalysis, Cost Behavior, and Cost EstimationiiChapter 7:
t x t x t x t x tx t x
t x Cost-Volume-Profit Analysis t x
Chapter 8: Variable Costing and the Measurement of ESG and Quality
t x t x t x t x t x t x t x t x t x t x t x
Costs Chapter 9: Financial
tx t x t x t x Planning and t x t x Analysis: t x The Master Budget
t x t x
Chapter 10: Standard Costing and Analysis of Direct Costs
t x t x t x t x t x t x t x t x
Chapter 11: Flexible Budgeting and the Management of Overhead
t x t x t x t x t x t x t x t x t x and Support Activity
t x t x
tx CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
t x t x t x t x t x t x t x
Chapter 13: Investment Centers and Transfer Pricing
t x t x t x t x t x t x t x
Chapter 14: Decision Making: Relevant Costs and Ben
t x t x t x t x t x t x t x
efits Chapter 15: Target Costing and Cost Analysis for
tx t x t x t x t x t x t x t x
t x Pricing DecisionsiiChapter 16: Capital Expenditure Deci
tx t x t x t x t x
sions
Chapter 17: Allocation of Support Activity Costs and
t x t x t x t x t x t x t x t x Joint Costs t x
Appendix I: The Sarbanes- tx t x t x
Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
t x t x t x t x t x tx tx t x Compound Inter t x
,est and
t x t x the t x Concept of Present Value
t x t x t x
Appendix III: Inventory Management
tx t x t x
, CHAPTER 1 tx
The Crucial Role of Managerial Accounting in a
tx tx tx tx tx tx tx
Dynamic Business Environment xt tx
FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
tx tx tx tx tx tx tx tx tx t x
The focus-on-
tx
ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors can u
tx tx tx tx tx tx tx tx tx tx tx tx tx tx tx
se this list of ethical principles and standards to lead a class discussion. The discussion c
tx tx tx tx tx tx tx tx tx tx tx tx tx tx tx
an also range to consideration of how these standards may have been violated by accou
tx tx tx tx tx tx tx tx tx tx tx tx tx tx
ntants and managers involved in the various ethical scandals uncovered over the past seve
tx tx tx tx tx tx t x tx tx tx tx tx tx
ral years. It is also useful to discuss the pros and cons of the procedures that IMA suggest
tx tx tx tx tx tx tx tx tx tx tx tx tx tx tx tx tx
s for its members when they believe they know about ethical lapses in their organizatio
tx tx tx tx tx tx tx tx tx tx tx tx tx tx
ns.
ANSWERS TO REVIEW QUESTIONS tx tx tx
1-1 The explosion in e- tx tx tx
commerce will affect managers in significant ways. One effect will be a drastic r
tx tx tx tx tx tx tx t x t x tx tx tx tx
eduction in paper work. Millions of transactions between businesses are now be
tx tx t x t x tx t x tx tx t x tx tx
ing conducted electronically with no hard-
tx tx tx tx tx
copy documentation. Along withthis method of communicating for business transact
tx tx tx tx tx tx tx tx tx
ions comes the very significant issue of information security. Businesses need to
tx tx tx tx tx tx tx tx tx tx tx tx
find ways to protect confidential information in their own computers, in cloud c
tx tx tx tx tx tx tx tx tx tx tx tx
omputing data centers, and while moving across the internet, while at the sa
tx tx tx tx tx t x t x t x t x t x tx tx
me time sharing the information necessary to complete transactions. Another
tx t x t x t x t x tx tx tx tx tx
effect of e- tx tx
commerce is the dramatically increased speed with which business transactio
tx t x t x t x tx tx tx tx tx
ns can be conducted. In addition, there will be dramatic changes in the way man
tx tx tx tx tx tx tx tx tx tx tx tx tx tx
agerial accounting procedures are carried out, one example being cloud-
tx tx tx tx tx tx tx tx tx
based budgeting, which is the enterprise-
tx tx tx tx tx tx
wide and electronic completion of a company‘s budgeting process using cloud-
tx tx tx tx tx tx tx tx tx tx
based software and data storage.tx tx tx tx
