By William Lanen, William N. Lanen, Shannon Anderson, Michael W Maher

ISBN-10: 0073527114

ISBN-13: 9780073527116

An instantaneous, real looking, and effective strategy to research fee accounting. basics is brief (approximately seven hundred pages) making it effortless to hide in a single semester. The authors have stored the textual content concise by means of concentrating on the most important options scholars have to grasp. beginning vignettes and In motion containers express practical purposes of those ideas all through. All chapters finish with a “Debrief” that hyperlinks the themes within the bankruptcy to the choice challenge confronted by way of the chief within the establishing vignette. complete end-of-chapter difficulties supply scholars with all of the perform they should totally study each one idea.

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These functions are grouped into organizational units. The units, which may be called departments, divisions, segments, or subsidiaries, specify the reporting relations within the firm. These relations are often shown on an organization chart. The organizational units can be based on products, geography, or business function. We use the general term responsibility center to refer to these units. The manager assigned to lead the unit is accountable for, that is, has responsibility for, the unit’s operations and resources.

This book is about accounting for costs; it is for those who currently (or will) use or prepare cost information. The book’s perspective is that managers (you) add value to the organization by the decisions they (you) make. From a different perspective, accountants (you) add value by providing good information to managers making the decision. The better the decisions, the better the performance of your organization, whether it is a manufacturing firm, a bank, a not-for-profit hospital, a government agency, a school club, or, yes, even a business school.

The value-added activities that the firms in the chain perform are those that customers perceive as adding utility to the goods or services they purchase. The value chain comprises activities from research and development through the production process to customer service. Managers evaluate these activities to determine how they contribute to the final product’s service, quality, and cost. 1 identifies the individual components of the value chain and provides examples of the activities in each component, along with some of the costs associated with these activities.

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Fundamentals of Cost Accounting, 3rd Edition by William Lanen, William N. Lanen, Shannon Anderson, Michael W Maher


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