tailieunhanh - Ebook Cornerstones of managerial accounting (4th edition): Part 2

(BQ) Part 2 book "Cornerstones of managerial accounting" hass contents: Profit planning; standard costing - a managerial control tool; performance evaluation and decentralization; flexible budgets and overhead analysis, capital investment decisions, statement of cash flows, financial statement analysis,.and other contents. | Find more at Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. 9 Doug Norman Crystals/Alamy Profit Planning After studying Chapter 9, you should be able to: • • 1 Define budgeting and discuss its role in planning, control, and decision making. 2 Define and prepare the operating budget, identify its major components, and explain the interrelationships of its various components. • 3 Define and prepare the financial budget, identify its major components, and explain the interrelationships of its various components. • Mike Watson Images/moodboard/Jupiter Images 4 Describe the behavioral dimension of budgeting. Find more at EXPERIENCE MANAGERIAL DECISIONS with High Sierra Have you ever wondered where that huge backpack you competitive edge in quality and price. High Sierra’s man- use to lug 50 pounds of books all over campus originated? agement used its budgeting process to eliminate poor per- If so, you might be surprised by the history behind the com- forming products and to analyze new products, such as a pany. After World War II, Army winter sports product line that and Navy Surplus stores supplied focused more directly on the com- consumers with tents, canteens, pany’s brand and target market and canvas bags. One of these (., alliances with the . Ski stores was Seaway Importing, a and company founded in 1978 by During the early 2000s, High Harry Bernbaum. Harry and his Sierra’s budgeting son Hank recognized the need to showed management develop more durable products needed to .