Category Archives for Short-Term Decision Making

Privacy Policy - Terms and Conditions - What is managerial accounting? - 3 Types of Companies in Managerial Accounting - The Value Chain - Cost objects: direct and indirect costs - Product and Period Costs - Income Statements for Service Companies - Income Statements for Merchandising Companies and Cost of Goods Sold - Cost of Goods Sold and The Income Statement for Manufacturing Companies - Job Costing and Overhead Allocation - Applied Overhead Versus Actual Overhead - Allocating overhead variances to work-in-progress, finished goods, and cost of goods sold - Calculating and Applying Department Overhead Rates - Activity-Based Costing - Cost Behavior: Introduction to Fixed and Variable Costs - Variable Cost - Fixed Cost - Mixed Cost - Relevant range and cost behavior analysis - Mixed Cost and The High-Low Method - Absorption and Variable Product Costing - The Traditional (Absorption Costing) Income Statement - The Contribution Margin Income Statement - Contribution Margin - Break even point - Target Profit - Short-term decision making and relevant information - Special order decisions - Price Setting - Keep or Drop: Discontinuing products, departments, and locations - Product Mix and Constrained Resources - Make or Buy and Outsourcing Decisions - Sell or Process Further - Operating Budgets - Sales, Production, Direct Materials, Direct Labor, Overhead, Operating Expenses (Selling and Administrative) - Responsibility Centers - Performance Evaluation Reports for Cost, Revenue, and Profit Centers - Return on Investment: Investment Center Performance Evaluation - What is Accounting? - The Accounting Equation - Journal Entry Basics - Revenue Recognition - Revenue Recognition Solutions - The Trial Balance - Adjusting Journal Entries - Creating Financial Statements - The Statement of Cash Flow - Closing Entries Using Income Summary - Cash: Bank Reconciliations - Direct Write-off and Allowance Methods for Dealing with Bad Debt - Introduction to Periodic and Perpetual Inventory - Inventory: Returns and Allowances - Inventory: Discounts - Calculating Inventory Cost - First-In, First-Out (FIFO) Inventory - Last-In, First-Out (LIFO) Inventory Calculations - Long-term Assets - Weighted Average Inventory Calculations - Depreciation Methods - Introduction to current liabilities - Sales Tax and Sales Tax Payable - Payroll and Payroll Taxes - Recording Payroll and Payroll Liabilities - Recording Warranty Expenses and Liabilities - Introduction to Bonds - Simple Interest Calculations - Present Value and Bond Issue Prices - Introduction to Stockholders' Equity - Stock Terminology