Accounting for Decision Making and Control
– Connect: A highly reliable, easy-to-use homework and learning management solution that embeds learning science and award-winning adaptive tools to improve student results.
- Demonstrates that managerial accounting is an integral part of the firm’s organizational architecture, not just an isolated set of computational topics.
- Provides students and managers with an understanding appreciation of the strengths and limitations of an organization’s accounting system, thereby allowing them to be more intelligent users of these systems.

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Table of Contents

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Program Details

1) Introduction

2) The nature of costs

3) Opportunity cost of capital and capital budgeting

4) Organizational architecture

5) Responsibility accounting and transfer pricing

6) Budgeting

7) Cost allocation: Theory

8) Cost allocation: Practices

9) Absorption cost system

10) Criticisms of absorption cost systems: Incentives to overproduce

11) Criticisms of absorption cost systems: Inaccurate product costs

12) Standard costs: Direct labor and materials

13) Overhead and marketing variances

14) Management accounting in a changing environment