Ch. 1 Managerial Accounting in the Information Age (Jiambalvo)
Transcription
Ch. 1 Managerial Accounting in the Information Age (Jiambalvo)
CHAPTER 1 Managerial Accounting In the Information Age Slide 1-2 Managerial Accounting ( pp. 4-6) Managerial accounting is designed for internal users (Internal Reporting vs. External Reporting) The goal of Managerial Accounting is to provide the information managers need for - Planning - Control - Decision making Slide 1-3 Learning objective 1: State the primary goal of managerial accounting Planning ( p. 4) 單位成本 = $0.518 ($2,590,000 / 5,000,000) Special Order $0.51 ? 單位變動成本 = $0.41 (1,500,000+400,000+150,000) / 5,000,000 單位固定成本 = $0.048 (60,000+80,000+100,000) / 5,000,000 Slide 1-4 Learning objective 2: Describe how budgets are used in planning Planning and Control Process ( p. 5) 編制預算 實際成本 預算 vs.實際 績效評量 Learning objective 3: Describe how performance reports are used in the control process Slide 1-5 Sample Performance Report 績效評量 (實際 vs. 預算) ( p. 6) Slide 1-6 Learning objective 3: Describe how performance reports are used in the control process Managerial vs. Financial Accounting ( p. 7) Unlike Financial Accounting, Managerial Accounting: Is directed at internal users May deviate from GAAP Presents more detailed information May present more nonmonetary information (顧客滿意度, 不良率, Lead time,…) Places more emphasis on the future Slide 1-7 Learning objective 4: Distinguish between financial and managerial accounting Cost Terminology ( p. 8) Variable Costs (直接材料,直接人工,..) - Change in proportion to changes in volume or activity Slide 1-8 Learning objective 5: Define cost terms used in planning, control, and decision making Cost Terminology ( p. 9) Fixed Costs (折舊,保險費,房地產稅) - Do not change in response to changes in volume or activity Slide 1-9 Learning objective 5: Define cost terms used in planning, control, and decision making Cost Terminology ( p. 9) Sunk Costs 沉沒成本 - Costs incurred in the past - Not relevant to present decisions Opportunity Costs 機會成本 - Values of benefits foregone when selecting one alternative over another Slide 1-10 Learning objective 5: Define cost terms used in planning, control, and decision making Cost Terminology Direct and indirect costs直接成本&間接成本 - Direct costs are directly traceable to a product, activity, or department, indirect costs are not traceable (Allocation分攤 ) Controllable & noncontrollable costs - A manager can influence controllable costs but cannot influence noncontrollable costs可控制成本&不可控制成本 Slide 1-11 Learning objective 5: Define cost terms used in planning, control, and decision making Direct and Indirect Cost ( P. 10) 保險費 直接成本 間接成本 直接材料,直接人工 Slide 1-12 Allocation: 水電費 保險費 房地產稅 機器折舊 間接人工 Learning objective 5: Define cost terms used in planning, control, and decision making Two Key Ideas in Managerial Accounting ( pp. 10-11) 增額分析 Performance Measures Drive Behavior Slide 1-13 Learning objective 6: Explain the two key ideas in managerial accounting The Value Chain ( p. 14) Material Warehouse Finished Good Shipping 基礎建設 (HR or People Team) (R & D) 採購 Slide 1-14 Learning objective 7: Discuss the impact of information technology on competition, business processes and the interactions companies have with suppliers and customers Impact of Software Systems on the Value Chain (p. 15) Enterprise Resource Planning (ERP) - Computerize inventory control and production planning Supply Chain Management (SCM) - Organization of activities between a company and its suppliers Customer Relationship Management (CRM) - Manages a variety of customer interactions Slide 1-15 Learning objective 7: Discuss the impact of information technology on competition, business processes and the interactions companies have with suppliers and customers Customer Relationship Management (p. 19) Slide 1-16 Learning objective 7: Discuss the impact of information technology on competition, business processes and the interactions companies have with suppliers and customers Ethical and Unethical Behavior (pp. 16-17) Examples of unethical behavior不道德的行為 Enron managers mislead investors by hiding debt, i.e. Kenneth Lay, CEO, found guilty of fraud WorldCom overstated profits, i.e. Bernard Ebbers, CEO, received a 25 year prison sentence Dennis Kozlowski, head of Tyco, was charged with avoiding taxes Sam Waksal, cofounder of IMClone, was charged with insider trading Slide 1-17 Learning objective 8: Describe a framework for ethical decision making Sarbanes-Oxley Act (p. 17) Enacted by Congress in July 2002 (SOX Act) Requires CEO and CFO to certify that the financial statements do not contain any untrue statements or omissions Bans certain types of work by the company’s auditors to ensure their independence Provides for longer jail sentences and larger fines for executives (i.e. fines up to $5 million and jail terms up to 20 years) Requires companies to report on the existence and reliability of internal controls Slide 1-18 Learning objective 8: Describe a framework for ethical decision making Organizational Chart for the Controller’s Office (p. 20) Slide 1-19 Learning objective 9: Discuss the duties of the controller, the treasurer, the chief information officer, and the chief financial officer