1Preface
624.9.3 Planned Program Budget Systems
2Chapter 1. An Introduction to Management Accounting
634.9.4 Formula Budgets
31.1 The Nature and Role of Management Accounting
644.9.5 Activity-Based Cost Management
41.2 What is Management Accounting?
654.9.6 Business Process Re-engineering
51.3 Management Accounting and Financial Accounting
664.9.7 Economic Value-Added Analysis
61.4 The History and Context of Management Accounting
674.9.8 Beyond Budgeting
71.5 The Scope of Management Accounting
684.10 Exercise
81.6 Users of Management Accounting Information
69Chapter 5. Management Accounting and The Control Process
91.7 Issues Related to Management of Accounting System
705.1 The Control Process
101.8 The Roles, Power and Responsibilities of Management Accountants
715.2 Summarising Information
111.9 Information Requirements for Management Accounting
725.3 Qualities of Control Information
121.10 Exercise
735.4 Fixed Budgets Chapters
13Chapter 2. Cost Analysis and Decision Making
745.5 The Development of Flexible Budgets
142.1 Introduction
755.6 The Definition of a Standard Cost
152.2 Cost Management Essentials
765.7 The Construction of Standard Costs
162.3 Cost Classification
775.8 Advantages of Standard Costing
172.3.1 Sunk Costs
785.9 The Concept of Standard Time
182.3.2 Relevant and Non-Relevant Costs and Revenues
795.10 Interpretation of Variances
192.3.3 Avoidable and Unavoidable Costs
805.11 Exercise
202.3.4 Opportunity Costs
81Chapter 6. Operational Decision Making
212.3.5 Marginal or Incremental Costs
826.1 Introduction
222.3.6 Unit Costs
836.2 Marginal Cost and Marginal Revenue : 6.2.1 Assumptions of the Marginal Cost Approach
232.3.7 Serving Cost
846.3 Using Contribution Analysis for Decision Making
242.4 Exercise
856.4 Financial Modelling using Contribution
25Chapter 3. Costing Products and Services
866.5 Assumptions Underpinning Break-Even Analysis
263.1 Allocation and Apportionment of Overheads to Cost Centers
876.5.1 Relevant Range
273.2 Reasons for the Apportionment and Absorption of Overheads
886.5.2 Fixed Costs
283.2.1 Stock Valuation
896.5.3 Revenue Line
293.2.2 Product Costing
906.5.4 Time Horizon
303.2.3 Cost Control
916.5.5 Cost Split between Fixed and Variable
313.2.4 Justification for Reimbursement of Costs
926.5.6 Stock is Ignored
323.2.5 Production Overheads are Product-Related
936.5.7 Single Product/Constant Sales Mix
333.3 Activity-Based Costing
946.5.8 Complexity in the Production Process
343.4 Types of Activity Cost Pools
956.5.9 Consumer Behavior
353.5 The Benefits of ABC
966.6 Relevant Costing
363.5.1 Product Costing
976.7 Cessation of Production of a Product or Service
373.5.2 Decision Making
986.7.1 Make or Buy Decisions
383.5.3 Activity-Based Management
996.7.2 Pricing Decisions
393.5.4 Service Organizations
1006.7.3 Cost-plus Pricing
403.5.5 An Improved Role for the Management
1016.8 Target Costing
413.6 The Problems with ABC
1026.9 Transfer (Internal) Prices
423.7 Marginal or Variable Costing
1036.10 Exercise
433.8 Case Study (Exercise)
104Chapter 7. Strategic Decision Making
44Chapter 4. Management Accounting and the Planning Process
1057.1 The Nature of Strategic Decision Making
454.1 The Organizational Planning Process – An Overview
1067.2 Steps in Project Appraisal
464.2 The Users and Uses of Budgets
1077.3 Net Present Value (NPV)
474.2.1 What is a Budget?
1087.3.1 The Advantages of NPV
484.2.2 Who uses Budgets?
1097.3.2 The Disadvantages of NPV
494.2.3 What are Budgets Used For?
1107.4 The Internal Rate of Return
504.3 The Budget Preparation Process – General Principles
1117.4.1 The Advantages of IRR
514.4 Toll Processing or Contract Manufacturing
1127.4.2 The Disadvantages of IRR
524.5 Organizational Contexts and Budgeting Requirements
1137.5 The Impact of Taxation on Project Appraisal
534.6 Behavioral Consequences of Budgetary Control Systems
1147.6 Inflation and Project Appraisal
544.7 Cost Estimation
1157.7 Sensitivity Analysis (or ‘what if?’ analysis)
554.8 Engineering Methods
1167.8 The Pivot Approach to Sensitivity Analysis
564.8.1 Inspection of Accounts
1177.9 The Value of Sensitivity Analysis
574.8.2 High–Low Method
1187.10 Case Study: Social Services Agency
584.8.3 Mathematical Methods
1197.11 Exercise
594.9 Advances in Budgetary Techniques
120Appendix
604.9.1 Zero-Based Budgets
121Glossary
614.9.2 Option Budgets
122Index
