Accounting for Decision Making and Control

By Jerold Zimmerman · McGraw Hill · 2020

Study guide: Exam CFE-201

McGraw Hill describes this textbook as giving students and managers an appreciation of the strengths and limitations of an organization's accounting system, so that they can be more intelligent users of these systems. Zimmerman provides a framework for understanding accounting systems and a basis for analyzing proposed changes to them, and the 10th edition aims to show that managerial accounting is an integral part of the firm's organizational architecture, not just an isolated set of computational topics.

On the syllabus

• Exam CFE-201 — Ch. 5 Responsibility Accounting and Transfer Pricing (3a, 3b); Ch. 7 Cost Allocation: Theory (3a, 3b); Ch. 9 Absorption Cost Systems (3a, 3b).

1 Introduction

2 The Nature of Costs

3 Opportunity Cost of Capital and Capital Budgeting

4 Organizational Architecture

5 Responsibility Accounting and Transfer Pricing

6 Budgeting

7 Cost Allocation: Theory

8 Cost Allocation: Practices

9 Absorption Cost Systems

10 Criticisms of Absorption Cost Systems: Incentive to Overproduce

11 Criticisms of Absorption Cost Systems: Inaccurate Product Costs

12 Standard Costs: Direct Labor and Materials

13 Overhead and Marketing Variances

14 Management Accounting in a Changing Environment

Solutions to Concept Questions

Glossary

Index

Sources

• Accounting for Decision Making and Control, 10th Edition (McGraw Hill) — the publisher's product page: edition, copyright 2020, ISBN-13 9781259969492, the overview for the lead and the table of contents (14 chapters, solutions to concept questions, glossary, index); the page lists chapters only, with no sections
• CFE 201 Syllabus, Mar 2027/Jul 2027 (SOA) — the edition (10th, 2020), the assigned chapters and their learning outcomes