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Accounting for Decision Making and Control » (7th Edition)

Book cover image of Accounting for Decision Making and Control by Jerold L. Zimmerman

Authors: Jerold L. Zimmerman
ISBN-13: 9780078136726, ISBN-10: 0078136725
Format: Hardcover
Publisher: McGraw-Hill Companies, The
Date Published: January 2010
Edition: 7th Edition

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Author Biography: Jerold L. Zimmerman

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Book Synopsis

Accounting for Decision Making and Control provides students and managers with an understanding appreciation of the strengths and limitations of an organization’s accounting system. This book provides a framework for thinking about accounting systems and a basis for analyzing proposed changes to these systems. The Seventh Edition demonstrates that managerial accounting is an integral part of the firm’s organizational architecture, not just an isolated set of computational topics. The purpose of this text is to provide students and managers with an understanding and appreciation of the strengths and limitations of an organization’s accounting system, thereby allowing them to be more intelligent users of these systems. The main purpose proposed by the author remains in tact for the Seventh Edition.

Table of Contents

1Introduction1
2The Nature of Costs25
3Opportunity Cost of Capital and Capital Budgeting91
4Organizational Architecture143
5Responsibility Accounting and Transfer Pricing181
6Budgeting237
7Cost Allocation: Theory311
8Cost Allocation: Practices375
9Absorption Cost Systems425
10Criticisms of Absorption Cost Systems: Incentive to Overproduce493
11Criticisms of Absorption Cost Systems: Inaccurate Product Costs521
12Standard Costs: Direct Labor and Materials571
13Overhead and Marketing Variances609
14Management Accounting in a Changing Environment649
Solutions to Concept Questions703
Glossary713
Index723

Subjects