Cost Accounting: A Data Analytics Approach: 2024 Release ISE
1264697937
·
9781264697939
The role of management accountants is to analyze data to help organizations make effective business decisions. Thanks to an ever-increasing amount of data generated by companies, the opportunities for management accountants to provide data-driven ins…
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Hear from author Vern Richardson
McGraw Hill author and award-winning educator Vern Richardson shares his interactive approach to teaching data analytics. Through immersive labs using Excel, Tableau, Power BI, and Gen AI tools like ChatGPT, he demonstrates how students can go beyond the basics to develop career-ready skills.
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1 Strategic Management Questions and the Role of Management Accountants 2 An Introduction to Cost Data 3 Cost Behavior and Cost-Volume-Profit Analysis 4 Job Costing 5 Two-Stage Cost Allocations and Activity-Based Costing 6 Cost Allocation: Support-Department Costs and Joint Product Costing 7 Process Costing 8 Performance Measurement and Control 9 Master Budgeting and Flexible Budgets 10 Sales and Direct-Cost Variances 11 Indirect Cost Variances12 Strategy and the Balanced Scorecard 13 Strategic Decision Making 14 Capital Budgeting Appendix A: Excel Tutorial (Formatting, Sorting, Filtering, and Pivot Tables) Appendix B: Tableau Tutorial Appendix C: Introduction to Power BI Desktop Appendix D: Installing Excel’s Data Analysis ToolPak Add-In Appendix E: Basic Statistics Tutorial Appendix F: Fundamentals of Data Visualization
The role of management accountants is to analyze data to help organizations make effective business decisions. Thanks to an ever-increasing amount of data generated by companies, the opportunities for management accountants to provide data-driven insight have never been greater. Christ/Holderness/Richardson believe that students can prepare for an accounting career not only by understanding the methods and procedures of cost accounting but also by learning how to examine and analyze data, interpret the results, and share insight with others in their organizations. Their approach goes beyond traditional cost accounting methods – empowering students to not only grasp essential techniques but also to dive into the world of data analysis.