Escolar Documentos
Profissional Documentos
Cultura Documentos
Introduction to Cost
Accounting
Cost Accounting:
Foundations and Evolutions, 8e
Kinney Raiborn
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license
distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Learning Objectives
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Accountants
Investors
Creditors
Regulators
Managers
Relationship of Financial,
Management, and Cost Accounting
Product
Costs
FINANCIAL
ACCOUNTING
COST
MANAGEMENT
ACCOUNTIN ACCOUNTING
G
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Types of Accounting
Financial
Meet external
information needs
Comply with GAAP
Management
Meet internal
information needs
Does not have to
comply with GAAP
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
External focus
Whole organization
Historical
Quantitative
Monetary
Verifiable
GAAP
Formal recordkeeping
Managerial
Internal focus
Segments or divisions
Current/projected
Quantitative/qualitative
Monetary and nonmonetary
Timely/reasonable estimate
Benefits exceed costs
Formal and informal
recordkeeping
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Internal parties
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Accounting Bodies
Financial
Public Company
Accounting Oversight
Board (PCAOB)
Securities and
Exchange Commission
(SEC)
Financial Accounting
Standards Board
(FASB)
Management
Institute of
Management
Accountants (IMA)
Society of Management
Accountants of Canada
Cost Accounting
Standards Board
(CASB)
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Management Accounting
Organizations
IMA
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Professional Ethics
Earnings managementdeliberate
accounting adjustments to hit profit targets
Often adjustments involve cost accounting
Product costs
Inventory valuations
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Competence
Confidentiality
Integrity
Credibility
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Organizational Strategy
1.
2.
3.
4.
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Organizational Strategy
1.
2.
Establish
appropriate
measures of
accomplishment
Develop,
implement, and
monitor
necessary
information
systems
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Core competencies
Organizational structure
Management style and organizational culture
Organizational constraints
Environmental constraints
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Organizational Strategies
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Strategy Questions
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Organizational Structure
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Value Chain
Marketing
Distribution
Customer Service
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Balanced Scorecard
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Internal Business
Customer Value
Financial
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Ethics in Multinationals
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Questions
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license
Earnings management
Low-cost production at any cost
Whistle-blower retaliation
Fixing prices
Bribery and other corruption
Hiding managerial acts
2011 Cengage Learning. All Rights Reserved. May not be copied, scanned,
or duplicated, in whole or in part, except for use as permitted in a license