Lecture Fundamental accounting principles (21e) - Chapter 22: Master budgets and planning. After completing this chapter you should be able to: Describe different types of cost behavior in relation to production and sales volume, describe several applications of cost volume-profit analysis, compute the contribution margin and describe what it reveals about a company's cost structure, analyze changes in sales using the degree of operating...

 43 p bvu 25/09/2023 21 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 20: Process cost accounting. After completing this chapter you should be able to: Explain process operations and the way they differ from job order operations, define and compute equivalent units and explain their use in process cost accounting, define and prepare a process cost summary and describe its purposes.

 47 p bvu 25/09/2023 19 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 23: Flexible budgets and standard costs. After completing this chapter you should be able to: Describe the importance and benefits of budgeting and the process of budget administration, describe a master budget and the process of preparing it, analyze expense planning using activity-based budgeting, prepare each component of a master budget and link each to the budgeting process.

 48 p bvu 25/09/2023 18 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 24: Performance measurement and responsibility accounting. After completing this chapter you should be able to: Define standard costs and explain how standard cost information is useful for management by exception, describe variances and what they reveal about performance, analyze changes in sales from expected amounts, prepare a flexible budget and interpreta flexible budget...

 39 p bvu 25/09/2023 23 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 15: Investments and international operations. After completing this chapter you should be able to: Distinguish between debt and equity securities and between short-term and long-term investments, describe how to report equity securities with controlling influence, compute and analyze the components of return on total assets,...

 45 p bvu 25/09/2023 22 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 8: Cash and internal controls. After completing this chapter you should be able to: Explain the importance of periodic reporting and the time period assumption, explain accrual accounting and how it improves financial statements, identify the types of adjustments and their purpose.

 35 p bvu 25/09/2023 29 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 9: Accounting for receivables. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

 39 p bvu 25/09/2023 25 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 11: Current liabilities and payroll accounting. After completing this chapter you should be able to: Identify the items making up merchandise inventory, identify the costs of merchandise inventory, analyze the effects of inventory methods for both financial and tax reporting, analyze the effects of inventory errors on current and future financial statements,...

 38 p bvu 25/09/2023 23 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 16: Reporting the statement of cash flows. After completing this chapter you should be able to: Distinguish between operating, investing, and financing activities, and describe how noncash investing and financing activities are disclosed; analyze the statement of cash flows and apply the cash flow on total assets ratio; prepare a statement of cash flows; compute cash flows from...

 41 p bvu 25/09/2023 22 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 17: Analysis of financial statements. After completing this chapter you should be able to: Explain the purpose and identify the building blocks of analysis, describe standards for comparisons in analysis, summarize and report results of analysis, explain and apply methods of horizontal analysis, describe and apply methods of vertical analysis, define and apply ratio analysis.

 44 p bvu 25/09/2023 23 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 18: Managerial accounting concepts and principles. After completing this chapter you should be able to: Explain the purpose and nature of, and the role of ethics in, managerial accounting, describe accounting concepts useful in classifying costs, define product and period costs and explain how they impact financial statements, explain how balance sheets and income statements for...

 39 p bvu 25/09/2023 24 0 Download

Lecture Fundamental accounting principles (21e) - Chapter 19: Job order cost accounting. After completing this chapter you should be able to: Describe important features of job order production, explain job cost sheets and how they are used in job order cost accounting, apply job order costing in pricing services, describe and record the flow of materials costs in job order cost accounting, describe and record the flow of labor costs in job...

 42 p bvu 25/09/2023 23 0 Download