Management Accounting: A Business Planning Approach / Edition 1

by Noah P. Barsky, Anthony H. Catanach

Overview

Designed for use in introductory or graduate-level managerial accounting courses, this text applies an objective-based approach to managerial accounting topics. Unlike traditional cost-accounting texts, Management Accounting emphasizes the critical role that information plays in decision making, strategy execution, and overall enhancement of a firm's value. Through problem-based learning and the business planning model (BPM), Management Accounting develops in students those competencies expected of today's business professionals. This innovative pedagogical approach stresses the understanding and application of the basic business process; risk assessment and its relation to business strategy; critical thinking, reasoning, and analysis; oral and written communication skills; and techniques for team building.

Product Details

ISBN-13:	9780618213757
Publisher:	Cengage Learning
Publication date:	10/14/2004
Edition description:	New Edition
Pages:	416
Product dimensions:	8.24(w) x 10.06(h) x 0.73(d)

About the Author

Noah P. Barsky, Ph.D., CPA, CMA, is an assistant professor of accountancy in the College of Commerce and Finance at Villanova University. Professor Barsky received his B.S. and M.S. in accounting from Penn State University and his Ph.D. from the University of Connecticut. He joined the faculty at Villanova University in 1998. Professor Barsky has taught a variety of financial and managerial accounting courses at four different universities. While he was a doctoral candidate at the University of Connecticut, he was recognized as an American Accounting Association Doctoral Consortium Fellow and a recipient of the Accounting Teaching Excellence Award. Professor Barsky is an active member of the American Accounting Association and the Institute of Management Accountants. He has given research presentations at numerous national meetings of academic and professional associations. He has also authored two books and published articles in the Journal of Accounting, Auditing and Accountability, The Pennsylvania CPA Journal, and Managerial Finance.

Table of Contents

Note: Each chapter contains a Summary, a Summary of Learning Objectives, a Glossary of Terms, Chapter Review Questions, and Exercises and Problems. 1. Business Strategy and Management Accounting. C&F Enterprises, Inc.: Making a Dream Reality. What, Exactly, Is a Business? Stakeholders and Their Interests. Business Strategy: The Link to Profitability. Planning for the Future. Successful Strategic Planning. Net Gains: Strategic Planning Resources on the Web. Mini Case: BestSellers Bookstore. Business Planning Application: Using Strategy in Business Planning . 2. Business Processes in the Twenty-First Century. Structural Forces. Creating Value for the Customer. The Value Chain. Managing the Value Chain. Net Gains: Market Analysis Resources on the Web. Mini Case: Group Consulting Exercise. Business Planning Application: Conducting a Market Analysis. 3. Evaluating Financial Performance. Financial Statement Basics. Projected or Pro Forma Financial Statements. Ratio Analysis. Summary of Financial Measures. Net Gains: Financial Analysis Resources on the Web. Mini Case: Transaction Processing Review. Business Planning Application: Researching Financial Performance. 4. Business Processes and Risks. Linking Business Processes and Financial Results. Converting Resources into Results. Business Risk. Assessing and Managing Business Risk. Net Gains: Risk Assessment Resources on the Web. Mini Case 1: Keystone Academy (Part 1). Mini Case 2: Entrepreneur Risk Assessment Quiz. Business Planning Application: Risk Assessment and Management Strategies. 5. Planning Profitable Operations. C&F Enterprises: Reacting to an Unforeseen Environmental Shock. Understanding Cost Behavior. Cost-Volume-Profit (CVP) Analysis. Performing Breakeven Analysis. Net Gains: Breakeven Analysis Resources on the Web. Mini Case 1: Keystone Academy (Part 2). Mini Case 2: Casino Express Bus Lines. Business Planning Application: Breakeven Analysis and Financial Forecasting. 6. Forecasting Tools and Techniques. Sales Forecasting. Forecasting Costs. Forecasting Techniques. Qualitative Cost Considerations. Net Gains: Forecasting Resources on the Web. Mini Case: Top Flight Airlines. Business Planning Applications: Sales Forecasting and Cost Estimation. 7. Budgeting Fundamentals. C&F Enterprises, Inc.: Realizing the Need for a Budget. Introduction to Budgeting. Developing Budgets. Net Gains: Budgeting Resources on the Web. Mini Case: Sweet 16 Donut Shop. Business Planning Application: Budgeting Basics. 8. Analyzing and Using Budgets. C&F Enterprises, Inc.: Realizing the Need for a Budget. Does the Budget Hold Water? Sensitivity Analysis Using Flexible Budgeting. C&F Enterprises, Inc.: The Results for 20X2 Are In! Variance Analysis. Net Gains: Budget Analysis Resources on the Web. Mini Case 1: University Backpacks (Part I). Mini Case 2: University Backpacks (Part 2). Business Planning Application: Assessing Budget Credibility. 9. Performance Evaluation and Decision Making. Evaluating Performance and Creating Accountability. Using Responsibility Centers to Assess Performance. Cost-Benefit Analysis. The Balanced Scorecard: A Performance Measurement Framework. Net Gains: Performance Measurement Resources on the Web. Mini Case: Make-or-Buy Decision--HuskerHenge Pizza Company. Business Planning Application: Deciding on an E-business Strategy. 10. Analyzing Costs at the Customer and Process Level. C&F Enterprises, Inc.: Addressing a Customer's Dissatisfaction with Price. Understanding the Composition of Product and Service Costs. Assigning Overhead to Product and Service Costs. Types of Costing Systems. Net Gains: Activity-Based Costing Resources on the Web. Mini Case 1: Keystone Academy (Part 3). Mini Case 2: University Backpacks (Part 3). Business Planning Application: Analyzing Planned Product and Service Costs . Appendix: Preparing and Presenting the Business Plan.