This course provide students with a basic understanding of a wide range of management accounting concepts and techniques, traditional and contemporary, and opportunities to apply them to management decision scenarios. The course focuses on the informed use, rather than the production of managerial accounting information. It is designed to make both prospective accountants and those [...]

This statement contains accounting standards for Federally owned property, plant, and equipment (PP&E); deferred maintenance on PP & E; and cleanup costs. Each standard is summarized : PROPERTY, PLANT, AND EQUIPMENT The Federal Government’s investment in PP & E exceeds $1 trillion [SEE NOTE 1] PP & E used for many different purposes. “PP & E” [...]

The Financial Accounting Standards Board (FASB or the Board) and the American Institute of Certified Public Accountants (AICPA) recognize the importance of for-profit private entities (private companies) to job creation, to entrepreneurialism, and to the overall vitality of our nation’s economy. Both organizations share a commitment to the needs of constituents of private company financial [...]

Manufacturers concerned with lean production and environmental compliance now have the opportunity to improve them in parallel through full cost accounting methods. Full cost accounting allows companies to recognize environmental costs as specific costs related to a product or process, and not as overhead in a facility as with traditional accounting systems. Accounting for the environmental [...]