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Accounting for Decision Making & Control

Accounting for Decision Making & Control - 2nd edition

Accounting for Decision Making & Control - 2nd edition

ISBN13: 9780256185744

ISBN10: 0256185743

Accounting for Decision Making & Control by Jerold L. Zimmerman - ISBN 9780256185744
Edition: 2ND 97
Copyright: 1997
Publisher: Richard D. Irwin, Inc.
International: No
Accounting for Decision Making & Control by Jerold L. Zimmerman - ISBN 9780256185744

ISBN13: 9780256185744

ISBN10: 0256185743

Edition: 2ND 97

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This product was most well received in its first edition for the innovative framework. Focusing on the concepts of organizational theory and opportunity cost, and excellent problem material. The approach attempts to illustrate the tension created when accounting systems try to serve both decision making and control functions. Greater emphasis has been placed on current topics, such as Activity Based Management, and organizational functions are profiled as AFDMC focuses on the inter-relations among changing accounting systems. The text's coverage is non-technical, and problem material reinforces analytical and critical thinking skills.The revision will respond to user feedback which asked that coverage be spread out over 14 chapters rather than 10, and provide more emphasis on current topics, (such as Activity Based Management), rather than the heavy historical perspective of the First Edition. The text is arranged so that the first four chapters develop the understanding of opportunity costs and organization theory. Each remaining chapter logically applies this foundation to the analysis of specific topics such as budgets and standard costs.
Coverage is non-technical in nature as it illustrates the inter-relations among changing accounting systems.
Distinctive End of Chapter material: Emphasizes actual company applications including multiple dimensions demanding a broad managerial perspective.
Organizational functions including marketing, finance and human resources are considered throughout text and End of Chapter material.
Critical thinking skills are enhanced, as often more than one potential solution is evidenced in the material. Based on this, End of Chapter material includes the opportunity for short essays that present this analysis.
Students are required to analyze companies via current readings, cases and original problem material drawn from actual company applications. These exercises help demonstrate the synergy between accounting concepts and managerial implementation.
A 15 week subscription to the Wall Street Journal is available for students using ACCOUNTING FOR DECISION MAKING AND CONTROL for a small additional fee. An annual subscription is also available FREE for the adopting instructor if this version of the text is adopted.

Table of Contents

Table of Contents

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. Budgets and 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