About the AuthorsPrefaceChapter 1: Overview of Managerial AccountingIntroduction to Managerial AccountingTypes of Business EntitiesMajor Trends in Business and Managerial AccountingIntroducing Two New CompaniesCareers in Managerial AccountingProfessional CertificationsSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsData Analytics, Data Visualization, and Excel ActivitiesExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 2: Managerial Accounting Concepts and Cost FlowsKey Objectives of a Managerial Accounting SystemInventories and Cost CategoriesProduct Cost FlowsIllustration of Product Cost AccumulationIllustration of Product Cost Journal EntriesService Industry in FocusComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 3: Cost Accounting Systems: Job Order CostingCost Accounting SystemsPredetermined Overhead RatesJob Order Costing SystemsDepartmental Overhead RatesService Industry in FocusComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 4: Cost Accounting Systems: Process CostingIntroduction to Process CostingCharacteristics of Process CostingProcess Costing StepsThe Product Cost ReportJournal Entries IllustratedService Industry in FocusComprehensive Problem (Including Transferred-in Costs)Appendix 4A: Process Costing Using FIFO MethodSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 5: Activity-Based CostingUnderstanding Indirect Costs Using Activity-Based CostingActivity-Based CostingTraditional Product Costing and ABC ComparedABC Implementation IssuesABC and Customer Profitability AnalysisActivity-Based ManagementServices Industry in FocusSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 6: Cost-Volume-Profit RelationshipsCost Behavior AnalysisRelevant RangeAnalyzing Cost BehaviorCost-Volume-Profit (CVP) AnalysisPlanning for ProfitService Industry in FocusComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 7: Variable Costing: A Tool for Decision-MakingTreatment of Product CostsVariable Costing Income StatementAdvantages and Disadvantages of Variable CostingServices Industry in FocusComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 8: Relevant Costs and Short-Term Decision-MakingManagement and the Decision-Making ProcessRelevant Costs and Differential AnalysisIllustrations of Differential AnalysisService Industry in FocusSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 9: Planning and BudgetingThe Planning ProcessThe Budgeting ProcessThe Framework of the Master BudgetIllustration of a Master Budget and Its ComponentsServices Industry in FocusComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 10: Flexible Budgets, Segment Reporting, and Performance AnalysisStatic BudgetsFlexible BudgetsInternal Reporting of Segment OperationsPerformance ReportingService Company Segment Reporting IllustrationPerformance AnalysisService Industry in FocusAppendix 10A: Transfer PricingComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 11: Standard Costing and Variance AnalysisStandard CostsDetermining Standard CostsReview of Flexible Budget Cost VarianceVariable Manufacturing Cost VariancesStandard Costs in Financial StatementsServices Industry in FocusAppendix 11A: Cost Variance Journal Entries IllustratedComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 12: Capital BudgetingElements of Capital BudgetingRequired Rates of Return and the Time Value of MoneyPerforming Net Present Value CalculationsMeasurement of Investments and ReturnsNet Present Value AnalysisOther Capital Budgeting AnalysesService Industry in FocusAppendix 12A: Time Value of Money CalculationsComprehensive ProblemSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 13: Statement of Cash FlowsCash and Cash EquivalentsActivity Classifications in the Statement of Cash FlowsNoncash Investing and Financing ActivitiesUsing the Statement of Cash FlowsCash Flow from Operating ActivitiesPreparing the Statement of Cash Flows Using the Indirect MethodAnalyzing Cash FlowsComprehensive ProblemAppendix 13A: Preparing the Statement of Cash Flows Under the Direct MethodSummary of Learning ObjectivesKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsChapter 14: Analysis and Interpretation of Financial StatementsPersistent Earnings and the Income StatementSources of InformationHorizontal AnalysisTrend AnalysisVertical AnalysisRatio AnalysisLimitations of Financial Statement AnalysisComprehensive ProblemAppendix 14A: Financial Statement DisclosuresSummary of Learning ObjectivesSummary of Financial Statement RatiosKey TermsSelf-Study QuestionsQuestionsShort ExercisesData Analytics, Data Visualization, and Excel ActivitiesExercise Sets A & BProblem Sets A & BExtending Your KnowledgeAnswers to Self-Study Questions: Your Turn! SolutionsAppendix A: Accounting and the Time Value of MoneyTime Value of Money ConceptFuture Value of an AmountFuture Value of an AnnuityPresent Value of an AmountPresent Value of an AnnuityCalculations Using a Calculator and a SpreadsheetSummary of Learning ObjectivesKey TermsSelf-Study QuestionsExercise Sets A & BAnswers to Self-Study Questions: Your Turn! SolutionsAppendix B: Data AnalyticsData AnalyticsSummary of Learning ObjectivesKey TermsQuestionsExercisesProblemsIndex.