1. Managerial accounting
Charles E. Davis
Elizabeth Davis

2. Accounting As A Tool For Management
What Is Managerial Accounting?
Different Strategies, Different Information
Ethical Considerations in Managerial Accounting

3. What Is Managerial Accounting?
Define managerial accounting.
Describe the differences between managerial and financial accounting.
Who are the primary users of financial accounting information?
Who are the primary users of managerial accounting information?
Compare and contrast managerial and financial accounting information.
List and describe the four functions of managers.
What are the four functions of management? How does management carry out each function?

6. Different Strategies, Different Information
Explain how the selection of a particular business strategy determines the information that managers need to run an organization effectively.
How does information assist in achieving corporate strategy?
How does corporate strategy influence the selection of information used in decision-making activities?

7. Matching Accounting Information to an Organization’s Strategy
Product Differentiation versus Low-Cost Production
Market Share: Build, Hold, Harvest, or Divest
Monitoring Strategic Performance
The Balanced Scorecard
Supply Chain Management
Just-In-Time (JIT) Inventory
Enterprise Resource Planning (ERP) Systems

8. Ethical Considerations in Managerial Accounting
Discuss the importance of ethical behaviour in managerial accounting.
Why is it important for an organization to have a code of conduct?
How can an employee’s unethical behavior affect an organization?

9. Ethical Considerations in Managerial Accounting
(1) “Do I mind others knowing what I have
done?” (2) “Who does my decision affect or hurt?” and (3) “Would my decision be considered fair by those affected?”