Professional Documents
Culture Documents
Sesi 1 Intro To Managerial Accounting
Sesi 1 Intro To Managerial Accounting
Management
ACCT8014048
Session 1
1
Session Learning Outcomes
Upon completion of this session, students are expected to be able to
LO1 Analyze business using managerial accounting concepts;
LO2 Explain various concepts of cost accounting management;
2
Accounting: Tools for Business
Decision Making
Seventh Edition
Kimmel; Weygandt; Kieso
Chapter 14
Managerial Accounting
Prepared by
COBY HARMON
University of California, Santa Barbara
Westmont College
This slide deck contains animations. Please disable animations if they cause issues with your device.
Chapter Outline
Learning Objectives
LO 1 Identify the features of managerial accounting and
the functions of management.
LO 2 Describe the classes of manufacturing costs and the
differences between product and period costs.
LO 3 Demonstrate how to compute cost of goods
manufactured and prepare financial statements for a
manufacturer.
LO 4 Discuss trends in managerial accounting.
LEARNING OBJECTIVE 1
Identify the features of managerial accounting and the
functions of management.
LEARNING OBJECTIVE 2
Describe the classes of manufacturing costs and the
differences between product and period costs.
LEARNING OBJECTIVE 3
Demonstrate how to compute cost of goods
manufactured and prepare financial statements for a
manufacturer.
Income Statement
Under a periodic inventory system, the income
statements of a merchandiser and a manufacturer differ in
the cost of goods sold section.
“COGS”
LEARNING OBJECTIVE 4
Service Industries
• Much of U.S. economy has shifted toward an emphasis
on providing services rather than goods
• Over 50% of U.S. workers are now employed by
service companies
• Most techniques learned for manufacturing firms are
applicable to service companies