The Distinguishing Characteristics of Managerial Accounting

Browse Financial & Managerial Accounting lectures 

Chapter 01 - Welcome to the World of Accounting
Financial and Managerial Accounting Information
The Accounting Profession and Accounting Careers
The Accounting Equation
How Transactions Impact the Accounting equation
The Four Core Financial Statements
Chapter 02 - Information Processing
Accounts, Debits, and Credits
The General Journal
The General Ledger
The Trial Balance
Computerized Processing Systems
Chapter 03 - Income Measurement
Measurement Triggering Transactions and Events
The Periodicity Assumption and Its Accounting Implications
Basic Elements of Revenue Recognition
Basic Elements of Expense Recognition
The Adjusting Process and Related Entries, Part 1
The Adjusting Process and Related Entries, Part 2
Accrual vs. Cash-Basis Accounting
Chapter 04 - The Reporting Cycle
Preparation of Financial Statements
The Accounting Cycle and Closing Process
The Nature of Optional Reversing Entries
Classified Balance Sheets
The Importance of Business Liquidity and the Concept of an Operating Cycle
Chapter 05 - Special Issues for Merchants
The Merchandising Business and Related Sales Recognition Issues
Gross versus Net Recording and the Periodic System
Freight Costs
Income Measurement and Reporting for the Merchandising Business
Closing Entries for the Merchandising Business
An Alternative Inventory System: The Perpetual System
Enhancements of the Income Statement
The Control Structure
Chapter 06 - Cash and Highly Liquid Investments
The Composition of Cash
Cash Management and Controls for Receipts and Disbursements
Reconciliation of Bank Accounts
A Petty Cash System
Accounting for Highly Liquid Investments Known as Trading Securities
Chapter 07 - Accounts Receivable
The Costs and Benefits of Selling on Credit
Accounting Considerations for Uncollectible Receivables
Alternative Approaches to Account for Uncollectibles
Notes Receivable
Chapter 08 - Inventory
Components to Include in Inventory
Basic Concepts of Inventory Costing Methods
Comparison of Inventory Costing Methods
Perpetual FIFO
Perpetual LIFO and Perpetual Average Cost
Lower of Cost or Market
Inventory Estimation Techniques
Inventory Management and Monitoring
Chapter 09 - Long-Term Investments
Intent-Based Accounting
Available-for-Sale Securities
Held-to-Maturity Securities
The Equity Method of Accounting
Chapter 10 - Property, Plant, and Equipment
Costs to Assign to PP&E
Depreciation Concepts
Straight-Line and Units-of-Output Depreciation
Double-Declining-Balance and Changes in Estimates
Tax Issues and Lease Issues
Chapter 11 - Advanced PP&E Issues
Costs Subsequent to Acquisition
Accounting for Disposals
Asset Exchanges
Asset Impairments
Accounting for Natural Resources
Chapter 12 - Current Liabilities and Employer Obligations
Current Liabilities
Notes Payable
Contingent Liabilities
Accounting for Payroll
Other Elements of Employee Compensation
Chapter 13 - Long-Term Obligations
Basic Notes Payable and Present Value Calculations
Level-Payment Loans
The Nature of Bonds and Terminology
Bond Pricing and Bonds Issued at Par / Straight-Line Method
Bonds Premiums and Discounts / Straight-Line Amortization
Effective-Interest Method
Bonds Issued Between Interest Dates and Retirement
Commitments, Leases, and Fair Value
Chapter 14 - Corporate Equity Accounting
Corporate Characteristics
Common and Preferred Stock
Treasury Stock
Stock Splits and Stock Dividends
Statement of Stockholders' Equity
Chapter 15 - Financial Reporting Concepts
Special Reporting Situations
Earnings Per Share (EPS)
Other Key Indicators in Financial Analysis
Objectives and Qualities of Financial Information
The Development of GAAP
Key Assumptions of Financial Reporting
Issues in Global Commerce
Chapter 16 - Financial Analysis & Statement of Cash Flows
Tools for Financial Statement Analysis
Evaluating Cash Flows
The Direct Approach for the Statement of Cash Flows
The Indirect Approach for the Statement of Cash Flows
The Worksheet for Cash Flow Statement
Chapter 17 - Introduction to Managerial Accounting
The Distinguishing Characteristics of Managerial Accounting
Managerial Accounting's Role in Planning, Directing, and Controlling
Key Production Components: Direct Materials, Direct Labor, and Factory Overhead
Product Costs Versus Period Costs
Categories of Inventory for Manufacturers and Related Financial Statement Implications
Chapter 18 - Cost-Volume-Profit and Business Scalability
Cost Behavior Patterns and Implications for Managing a Business
Methods of Cost Behavior Analysis
Break-Even and Target Income Analysis Part 1
Break-Even and Target Income Analysis Part 2
Cost and Profit Sensitivity Analysis
Cost-Volume-Profit Analysis for Multiple Products
Chapter 19 - Job Costing and Modern Cost Management Systems
Basic Concepts in Job Costing
Information Systems for Job Costing Environments
Tracking Job Costs in the Corporate Ledger
Accounting For Actual and Applied Overhead
Job Costing In Service, Not-For-Profit, and Governmental Environments
Chapter 20 - Process Costing and Activity-Based Costing.
Job Costing In Service, Not-For-Profit, and Governmental Environments
The Purpose and Functioning of a Process Cost Accounting System
The Concept of Equivalent Units of Production
Assigning Total Cost to Completed Units and Units in Process
Activity-Based Costing Systems, Part 1
Activity-Based Costing Systems, Part 2
Chapter 21 - Budgeting: Planning for Success.
The Importance and Use of Budgets Within an Organization
The Budget Process and the Impact of Human Behavior
The Various Components of a Master Budget
Budget Periods and Budget Adjustments
Chapter 22 - Tools for Enterprise Performance Evaluation
Using Flexible Budgets to Adapt Outcome Assessments to Variable Scenarios
Developing and Using Standard Costs
Traditional Variance Calculations for Monitoring Cost and Efficiency, Part 1
Traditional Variance Calculations for Monitoring Cost and Efficiency, Part 2
The Balanced Scorecard Approach to Measuring Business Performance
Chapter 23 - Reporting to Support Managerial Decisions.
Variable Costing Versus Absorption Costing
Segment Reporting
Concepts in Allocating Service Department Costs
Leveraging Modern Information Systems to Enable Better Decisions
Chapter 24 - Analytics for Managerial Decision Making.
Cost Characteristics and the Impact on Decisions
Capital Expenditure Decisions
Compound Interest and Present Value
Tools for Evaluating Capital Projects
Measures of Residual Income
A General Framework for Making Rational Business Decisions

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