Sign in  |  Register
Advanced search
Publication Cover

CITATION

Webster, William. Accounting for Managers. US: McGraw-Hill, 2003.

Accounting for Managers

Authors: William Webster

Published:  November 2003

eISBN: 9780071436472 0071436472 | ISBN: 9780071421744
Open eBook
  • Copyright
  • Contents
  • Preface
  • 1. How to Speak Accounting
  • The Three Questions
  • Visualize to Understand
  • The Accounting System
  • Accounting from the Bottom Up
  • Double Entry
  • Bookkeeping and Accounting
  • Financial Statements
  • Accounting Principles
  • The Fundamental Equations of Accounting
  • The Income Equation
  • The Balance Sheet Equation
  • The Equations and the Normal Accounts
  • The Advantages of an Accounting System
  • A Few Important Details
  • Compound Entries and Split Accounts
  • Cash vs. Accrual
  • Manager’s Checklist for Chapter 1
  • 2. Concepts and Principles, Checks and Balances
  • Closing the GAAP
  • The Four Qualitative Characteristics of Information
  • The Four Assumptions
  • The Four Principles
  • The Four Constraints
  • Zen Accounting
  • Checks and Balances
  • Audits
  • Control Environment
  • Information and Communications
  • Risk Assessment
  • Control Activities
  • Manager’s Checklist for Chapter 2
  • 3. Financial Statements
  • The Lemonade Stand
  • Load, Wash, Rinse, Spin, Dry
  • Past as Prologue
  • The Income Statement
  • Statement of Cash Flows
  • The Balance Sheet
  • A Delicate Balance: The Adjusting Entries
  • Manager’s Checklist for Chapter 3
  • 4. Financial Ratios
  • What Measures Performance?
  • Liquidity Ratios
  • Current Ratio
  • Quick Ratio: “Acid Test”
  • Net Working Capital (NWC)
  • Activity Ratios
  • Average Collection Period (ACP)
  • Average Payment Period (APP)
  • Fixed Assets Turnover (FAT) Ratio
  • Total Assets Turnover (TAT) Ratio
  • Inventory Turnover (IT) Ratio
  • Inventory to Net Working Capital
  • Debt Ratios
  • Debt-to-Assets Ratio
  • Debt-to-Equity Ratio
  • Times Interest Earned
  • Fixed Payment Coverage Ratio
  • Profitability Ratios
  • Gross Profit Margin (GPM)
  • Operating Profit Margin (OPM)
  • Net Profit Margin (NPM)
  • Return on Investment (ROI)
  • Return on Assets (ROA)
  • Return on Equity (ROE)
  • Earnings per Share (EPS)
  • Putting It All Together
  • Manager’s Checklist for Chapter 4
  • 5. Management Accounting
  • Management Accounting—for the Future
  • Cost Accounting
  • Cost/Volume/Profit Analysis
  • Operating Leverage
  • Margin of Safety
  • Benefits of BE/CVP
  • Manager's Checklist for Chapter 5
  • 6. Management Cost Accounting
  • Cost Behavior, Inventory, and Overhead
  • Liquid Lemons
  • Classifying Costs
  • Analyzing Cost Behavior
  • General Widget Company
  • Inventory Costing Methods
  • Accounting for Overhead
  • Manager’s Checklist for Chapter 6
  • 7. Cost Accounting in Action
  • Why the Fuss?
  • Job-Order and Process Costing Systems
  • General Differences
  • Materials and Labor Costs
  • Factory Overhead Application
  • Product Cost in a Process Cost System
  • Work-in-Process Inventories
  • Job-Order Costing
  • Process Costing
  • As Complex as ABC
  • Implementing ABC
  • How to Use ABC Information
  • Should You Use ABC?
  • Standard Costing
  • Setting Standards
  • Analyzing Variances
  • Standard Costing Critique
  • Static and Flexible Budgeting
  • Manager’s Checklist for Chapter 7
  • 8. Other Management Accounting Systems
  • They Want It, but They Don’t Want It—Yet They Still Need It
  • Balanced Scorecard
  • The Learning and Growth Perspective
  • The Business Process Perspective
  • The Customer Perspective
  • The Financial Perspective
  • Benefits
  • Hybrid Costing
  • Just-in-Time Inventory
  • Backflush Costing Uses
  • Problems with JIT
  • Operation Costing Systems
  • Environmental/Full Cost Accounting
  • Target Costing
  • Transfer Pricing
  • International Transfer Pricing
  • Manager’s Checklist for Chapter 8
  • 9. Taxation
  • The Principal Taxes
  • Income
  • Employment
  • Transaction
  • Property
  • Environmental
  • Excise
  • Miscellaneous
  • Corporate Income and Deduction Tax Issues
  • Deductible Business Expenses
  • Debt vs. Equity Financing
  • Net Operating Losses (NOL)
  • Cost Recovery and Depreciation
  • Hybrid Tax Accounting
  • Alternative Minimum Tax (AMT)
  • Tax Credits
  • Tax Practice
  • Manager’s Checklist for Chapter 9
  • 10. Advanced Fraud
  • Fraud—Here, There, and Everywhere
  • Sarbanes-Oxley Act
  • Employment Trust Fund Fraud
  • External Fraud
  • Beginning Finance
  • Capital Budgeting Process
  • Manager’s Checklist for Chapter 10
  • 11. Where Will All This New Knowledge Take You?
  • New Systems and New Thinking
  • Impact on Managers
  • A Story
  • Key Concepts
  • Manager’s Checklist for Chapter 11
  • Resources, Accounting for Managers
  • Index