Chapter 1 Managerial Accounting

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Chapter 1Managerial Accounting

• Terms and Concepts

2
Terms and Concepts

• Planning and Control Cycle
• Decentralized vs. Centralized
• Organizational Chart
• Chief Executive Officer
• Chief Financial Officer
• Continuous Improvement
• Just in Time (JIT)
• Total Quality Management (TQM)
• Process Reengineering
• Theory of Constraints

3
Managerial Accounting

• Financial Accounting
• Managerial Accounting
• Exhibit 1-2 on page 7 of text
• The Accountant
• Accountant
• Certified Management Accountant
• Join IMA Now
• Certified Public Accountant
• Join AICPA Now
• Join ICPAS Now

4
Ethics

• Code of Conduct for Management Accountants
• Code of Professional Conduct for Public
  Accountants
• Sarbanes-Oxley Act of 2002
• One Reading Article in WebCT
• Audit Letter
• Letter of Management Responsibility

5
Coach Keen Says

• Review Chapter 1
• Look at related links in Chapter 1 PowerPoint
• Read Chapter 2
• Attempt Chapter 2 homework 2, 3, 4