Prepared by
Coby Harmon
University of California, Santa Barbara
Westmont College
19
Managerial
Accounting
Learning Objectives
After studying this chapter, you should be able to:
Explain the distinguishing features of managerial accounting. [1]
Identify the three broad functions of management. [2]
Define the three classes of manufacturing costs. [3]
Distinguish between product and period costs. [4]
Explain the difference between a merchandising and a manufacturing income [5]
statement.
Indicate how cost of goods manufactured is determined. [6]
Explain the difference between a merchandising and a manufacturing balance [7]
sheet.
Identify trends in managerial accounting. [8]
Preview of Chapter 19
Accounting Principles
Eleventh Edition
Weygandt Kimmel Kieso