Introduction
Making business decisions through good accounting
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1. Managerial Accounting and Business Decision-Making
Introduction to managerial accounting
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The purpose of managerial accounting
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Recognizing problems and opportunities
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Controlling and evaluating data
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2. Costs and Cost Behaviors
Understanding sunk costs
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Cost-volume-profit (CVP) analysis
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Controlling product cost flows
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Types of product costs
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Terms related to evaluation and decision-making
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3. CVP Analysis
Opening a Thai restaurant
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Contribution margin
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The CVP equation
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The break-even point
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Sensitivity analysis
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Sales mix
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4. Cost Flows
Understanding production costs
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Overview of cost control
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Cost flows in manufacturing organizations
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Cost flows in merchandising organizations
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Cost flows in service firms
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5. Standard Costing
Pricing a home remodel
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Responsibility accounting and the standard cost system
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Variances in materials price and quantity
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Labor rate and efficiency variances
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Controlling materials and labor variances
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6. Using Activity-Based Costing
The real cost of ice cream
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Introduction to activity-based costing
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The basics of activity-based costing
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Identifying overhead cost activities
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Analyzing overhead
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Identifying cost drivers
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Assigning production overhead
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Doing the math to influence your decisions
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7. Budgeting
Who needs a budget?
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The purpose of budgeting
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Budgeting for a manufacturing organization
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Budgeting for a merchandising organization
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Budgeting for a service organization
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Having a cash budget
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8. Capital Budgeting
The billion-dollar machine
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Understanding capital budgeting
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Discounting cash flows
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The payback method
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The unadjusted rate of return method
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The net present value (NPV) method
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The internal rate of return method
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Considering qualitative factors
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Conclusion
Key takeaways
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Glossary_Accounting_Foundations_Managerial_Accounting.zip
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