Showing posts with label Ebook. Show all posts
Showing posts with label Ebook. Show all posts

Tuesday, 12 May 2015

Chapter 24 Inventory Management

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After studying this Chapter 24 Inventory Management, you should be able :

1.         Describe the just-in-case inventory management model.
2.         Discuss just-in-time (JIT) inventory management.
3.         Explain the basic concepts of constrained optimization.
4.         Define the theory of constraints, and tell how it can be used to manage inventory.

Chapter 23 Capital Investment

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After studying this Chapter 23 Capital Investment, you should be able :
  1. Describe the difference between independent and mutually exclusive capital investment decisions.
  2. Explain the roles of the payback period and accounting rate of return in capital investment decisions.
  3. Calculate the net present value (NPV) for independent projects.
  4. Compute the internal rate of return (IRR) for independent projects.
  5. Tell why NPV is better than IRR for choosing among mutually exclusive projects.
  6. Convert gross cash flows to after-tax cash flows.
  7. Describe the capital investment for advanced technology and environmental impact settings.

Chapter 22 Pricing and Profitability Analysis

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After studying this Chapter 22 Pricing and Profitability Analysis, you should be able :
  1. Discuss basic pricing concepts.
  2. Calculate a markup on cost and a target cost.
  3. Discuss the impact of the legal system and ethics on pricing.
  4. Explain why firms measure profit, and calculate measures of profit using absorption and variable costing.
  5. Determine the profitability of segments.
  6. Compute the sales price, price volume, contribution margin, contribution margin volume, sales mix, market share, and market size variances.
  7. Discuss the variations in price, cost, and profit over the product life cycle.
  8. Describe some of the limitations of profit measurement.

Chapter 21 Activity Resource Usage Model and Tactical Decicion Making

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1.         Describe the tactical decision-making model.
2.         Define the concept of relevant costs and revenues.
3.         Explain how the activity resource usage model is used in assessing relevancy.
4.         Apply the tactical decision-making concepts in a variety of business situations.

Chapter 20 Cost Volume Profit Analysis

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After studying this Chapter 20 Cost Volume Profit Analysis, you should be able :
  1. Determine the number of units that must be sold to break even or to earn a targeted profit.
  2. Calculate the amount of revenue required to break even or to earn a targeted profit.
  3. Apply cost-volume-profit analysis in a multiple-product setting.
  4. Prepare a profit-volume graph and a cost-volume-profit graph, and explain the meaning of each.
  5. Explain the impact of the risk, uncertainty, and changing variables on cost-volume-profit analysis.
  6. Discuss the impact of activity-based costing on cost-volume-profit analysis.

Chapter 19 Environmental Cost Management

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After studying this Chapter 19 Environmental Cost Management, you should be able to:

  1. Explain how environmental costs can be measured and reduced.
  2. Discuss environmental costs, and show how they are assigned to products and processes.
  3. Describe the life-cycle cost assessment model.
  4. Compare and contrast activity-based and strategic-based environmental control.

Chapter 18 Productivity Measurement and Control

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After studying this  Chapter 18 Productivity Measurement and Control, you should be able to:

  1. Explain the meaning of productive efficiency, and describe the difference between technical and allocative efficiency.
  2. Define partial productivity measurement, and list its advantages and disadvantages.
  3. Explain what total productivity measurement is, and name its advantages.
  4. Discuss the role of productivity measurement in assessing activity improvement.
 

Chapter 17 Quality Cost Management

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After studying this Chapter 17 Quality CostManagement, you should be able to:
1.         Define quality, describe the four types of quality cost.
2.         Prepare a quality cost report, and explain its use.
3.         Explain why quality cost information is needed and how it is used.
4.         Describe and prepare three different types of quality performance reports.

Chapter 16 Activity Based Budgeting

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After studying this Chapter 16 Activity BasedBudgeting, you should be able to:
  1. Describe the shortcomings of the traditional master budgeting process.
  2. Define flexible budgeting, and discuss its role in planning, control, and decision making.
  3. Define activity-based budgeting, and discuss its role in planning, control, and decision making.
  4. Identify and discuss the key features that a budgetary system should have to encourage managers to engage in goal-congruent behavior.
  5. Describe budgets for merchandising and service firms and zero-base budgeting.

Chapter 15 The Balanced Score Card-Strategic Based Control

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After studying this Chapter 15 The Balanced ScoreCard-Strategic Based Control, you should be able to:
  1. Compare and contrast activity-based and strategic-based responsibility accounting systems.
  2.  Discuss the basic features of the Balanced Scorecard.
  3. Explain how the Balanced Scorecard links measures to strategy.
  4. Describe how an organization can achieve strategic alignment.

Chapter 14 Activity Based Management

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After studying this Chapter 14 Activity Based Management, you should be able to:

  1. Describe how activity-based management and activity-based costing differ.
  2. Define process value analysis.
  3. Describe activity-based financial performance measurement.
  4. Discuss the implementation issues associated with an activity-based management system.
  5. Explain how activity-based management is a form of responsibility accounting, and tell how it differs from financial-based responsibility accounting.

Chapter 13 Strategic Cost Management [ppt]

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After studying this Chapter 13 Strategic Cost Management, you should be able to:
  1. Explain what strategic cost management is and how it can be used to help a firm create a competitive advantage.
  2. Discuss a value-chain analysis and the strategic role of activity-based customer and supplier costing.
  3. Tell what life-cycle cost management is and how it can be used to maximize profits over a product’s life cycle.
  4. Explain what strategic cost management is and how it can be used to help a firm create a competitive advantage.
  5. Discuss a value-chain analysis and the strategic role of activity-based customer and supplier costing.
  6. Tell what life-cycle cost management is and how it can be used to maximize profits over a product’s life cycle.

Chapter 12 Activity Based Costing [ppt]

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After studying this Chapter 12 Activity Based Costing, you should be able to:
  1. Discuss the limitations of using only unit-based drivers to assign costs.
  2. Provide a detailed description of activity-based product costing.
  3. Explain how homogenous cost pools can be used to reduce the number of activity rates.
  4. Describe activity-based system concepts including an ABC relational database and ABC software.

Chapter 11 International Issues in Cost Management [ppt]

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After studying this Chapter 11 International Issues in Cost Management, you should be able to:
  1.  Explain the role of the accountant in the international environment.
  2. Discuss the varying levels of involvement that firms can take in international trade.
  3. List the ways accountants can manage foreign currency risk.
  4. Tell why multinational firms choose to decentralize.
  5. Explain how environmental factors can affect performance evaluation in the multinational firm.
  6. Describe the role of transfer pricing in the multinational firm.
  7. Discuss ethical issues that affect firms operating in the international environment.

Chapter 10 Decentralization Responsibility Accounting, Performance Evaluation, and Transfer Pricing

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After studying this Chapter 10Decentralization  ResponsibilityAccounting, Performance Evaluation, and Transfer Pricing, you should be able to:
  1. Define responsibility accounting and describe the four types of responsibility centers.
  2. Explain why firms chose to decentralize.
  3.  Compute and explain return on investment (ROI), residual income (RI), and economic value added (EVA).
  4. Discuss the methods of evaluating and rewarding managerial performance.
  5. Explain the role of transfer pricing in a decentralized firm.
  6. Discuss the methods of setting transfer pricing.

Monday, 11 May 2015

chapter 09 Standard Costing-A functional Based Control Approach [ppt]

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After studying this chapter 09 Standard Costing-Afunctional Based COntrol Approach, you should be able to:

  1. Describe how unit input standards are developed, and explain why standard cost systems are adopted.
  2. Explain the purpose of a standard cost sheet.
  3. Compute and journalize the direct materials and direct labor variances, and explain how they are used for control.
  4. Compute overhead variances three different ways, and explain overhead accounting.
  5. Calculate mix and yield variances for direct materials and direct labor.

Chapter 07 Joint Product and By-Product Costing [ppt]

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After studying this Chapter 07 Joint Product and By-Product Costing, you should be able to:
  1. Identify the characteristics of the joint production process.
  2. Allocate joint product costs according to the benefits-received approaches and the relative market value approaches.
  3. Describe methods of accounting for by-products
  4. Explain why joint cost allocations may be misleading in management decision making.
  5. Discuss why joint production is seldom found in service industries.

Chapter 06 Support Departement Cost Allocation [ppt]

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After studying this Chapter 06 Support Departement Cost Allocation, you should be able to:
  1. Describe the difference between support departments and producing departments.
  2. Explain five reasons why support cost may be assigned to producing departments.
  3. Calculate charging rates, and distinguish between single and dual charging rates.
  4. Allocate support center costs to producing departments using the direct method, the sequential method, and the reciprocal method.

Chapter 05 Product And Service Costing-A Process System Approach [ppt]

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After studying this Chapter 05 Product And Service Costing-A Process System Approach, you should be able to:
  1. Describe the basic characteristics of process costing, including cost flows, journal entries, and the cost of production report.
  2. Describe process costing for settings without work-in-process inventories.
  3. Define equivalent units, and explain their role in process costing.
  4. Prepare a departmental production report using the FIFO method.
  5. Prepare a departmental production report using the weighted average method.
  6.  Prepare a departmental production report with transferred-in goods and changes in output measures.
  7. Describe the basic features of operating costing.
  8. Explain how spoilage is treated in a process costing system.

Chapter 04 Product And Service Costing-Overhead Application And Job Order System [ppt]

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After studying this Chapter 04 Product And ServiceCosting-Overhead Application And Job Order System, you should be able to:
  1. Differentiate the cost accounting systems of service and manufacturing firms and of unique and standardized products.
  2. Discuss the interrelationship of cost accumulation, cost measurement, and cost assignment.
  3. Compute a predetermined overhead rate, and use the rate to assign overhead to production.
  4. Explain the difference between job-order and process costing, and identify the source documents used in job-order costing.
  5. Describe the cost flows associated with job-order costing, and prepare the journal entries.
  6. Explain why multiple overhead rates may be preferred to a single, plantwide rate.
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