1、Managerial Accounting,ChaChapter 16 pter 16,Introduction to Managerial Accounting,Contents,Financial accounting vs. Managerial accounting What is managerial accounting? Management accountability How do service, merchandising and manufacturing companies differ? How are costs classified? Caculating th
2、e cost of goods manufactured in manufacturing company,1. Financial Accounting VS. Managerial Accounting,3,P776,Financial Accounting VS. Managerial Accounting,4,P776,2. What is managerial accouting?,Case study 1.How should I decide? 2.Red Lobster,In class exercise,p795 Quick check 1.,Work of Manageme
3、nt,Planning,Controlling,Directing and Motivating,Planning,Identify alternatives.,Select alternative that does the best job of furthering organizations goals,Develop budgets to guide progress toward the selected alternative.,It means choosing goals and deciding how to achieve them.,Directing and Moti
4、vating,It involves managing day-to-day activities to keep the organization running smoothly.Employee work assignments. Routine problem solving. Conflict resolution. Effective communications.,Controlling,It ensures that plans are being followed.,It should evaluate operations by comparing actual resul
5、ts to the budget.,3. Management accountability,P774Management accountability 管理责任:is the managers responsibility to the various stakeholders of the company. Stockholders 利益相关者: include customers, creditors, suppliers and investors. Each group has an interest of some sort in the business.,Management
6、accountability to stakeholders exhibit 16-1 p774,4.How do service, merchandising and manufacturing companies differ? p779,Service companies 服务业企业 sell their time, skills and knowledge. e.g. Neusoft institute Merchandising companies 商业企业 resell products they buy from suppliers. e.g.Walmart Manufactur
7、ing companies 制造企业 use labor, equipment, supplies, and facilities to convert raw materials into finished products. e.g. Foxconn,Service Companies,14,No Inventory 无库存 No Cost of Good Sold 无产品销售成本,Neusoft Institute,No Inventory 无库存 No Cost of Good Sold 无产品销售成本,Smart Touch Learning,Service company IS P
8、779,Merchandising Companies,16,Cost of goods sold 产品销售成本 = Beginning inventory + Net purchases + Freight in- Ending Inventory,P781 exhibit 16-5,Merchandising company IS P781,In class exercise,p798 S16-6,Manufacturing Companies,19,何家劲和卢梓杰了一间大型面包工厂,Manufacturing company IS P786,In class exercise,p795
9、Quick check 4,5. How are costs classified?,A cost is often traced to a cost object 成本对象, which is a product, process, department, or customer to which costs are assigned. Categories: p784 by traceability 可追溯性,Manufacturing Companies,24,Cost object 成本对象:it is anything for which managers need a separa
10、te breakdown of its component costs. 管理层认为有必要单独计量成本的事物。例如:一个产品,一个部门,一个销售区域等。(何家劲和卢梓杰的慕斯蛋糕)Direct cost 直接成本: it is a cost that can be directly traced to a cost object, such as a product. 可以直接追溯到某一成本对象 cost object 的成本。如:Direct materials 蛋糕的包装盒子, 底盘的蛋糕胚子。 Direct labor 做蛋糕时的人工费。Indirect cost 间接成本:it is
11、a cost that can not be directly traced to a cost object. 不可以直接追溯到某一成本对象 cost object 的成本。如:Indirect materials 蛋糕上的椰蓉粉末,裱花的巧克力或果酱。Indirect labor 面包工厂保洁员的工资。,p784,The Product,Manufacturing Costs,Direct Materials,Raw materials that become an integral part of the product and that can be conveniently trac
12、ed directly to it.,Example: A radio installed in an automobile,Direct Labor,Those labor costs that can be easily traced to individual units of product.,Example: Wages paid to automobile assembly workers,Manufacturing Overhead,Manufacturing costs cannot be traced directly to specific units produced.,
13、Examples: 1.Indirect materials 2.indirect labor , 3.other indirect manufacturing costs,In class exercise,29,Questions: Please select the following items which belong to manufacturing overhead?Depreciation on the manufacturing plants building Depreciation on delivery trucks (period cost-delivery expe
14、nse) Cost of auto insurance for the sales force vehicles销售人员车辆 (period cost-marketing expense),5. How are costs classified?,A cost is often traced to a cost object 成本对象, which is a product, process, department, or customer to which costs are assigned. Categories: p784 by traceability 可追溯性 by funtion
15、s,Management Cost Concepts,31,Manufacturing Companies,产品成本,期间成本,直接材料,直接人工,制造费用,销售费用,管理费用,Indirect materials Indirect labor Other indirect manufacturing costs,P785 exhibit 16-6,Classifications of period costs,In class exercise,33,1. p795 Quick check Q6-7,In class exercise,34,2.,You could refer to exh
16、ibit 16-3 on page 786,6. Caculating the cost of goods manufactured in manufacturing company,何家劲和卢梓杰了开了一间大型面包工厂,The selling price of a cake is ¥5. How much does it cost (生产成本)? How could 何家劲和卢梓杰 calculate the cost of goods manufactured(生产成本)?,Three types of inventories P783 Materials Inventory: raw materials 材料存货 Work in process inventory 在产品存货 Finished goods inventory 产成品存货,p789,p789,In class exercise,P 799 S16-9 ; P 796 Quick check 8,9 P 799 S16-12,p786,In class exercise,42,p795 Quick check Q5 P799 s16-10,16-11 16-13,Homework,P 802 E16-20 (difficult) P 799 S16-10,16-11, 16-13 P 805 P16-26A,