Solution Manual for Managerial Accounting 11th CANADIAN Edition by Garrison

Solution Manual for Managerial Accounting 11th CANADIAN Edition by Garrison

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Edition: 11th Edition

Format: Downloadable ZIP Fille

Resource Type: Solution manual

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Solution Manual for Managerial Accounting 11th CANADIAN Edition by Garrison

Chapter 1

Managerial Accounting

and the Business Environment

Learning Objectives

 

  • Describe the functions performed by managers.
  • Identify the major differences and similarities between financial and managerial accounting.
  • Explain the basic concepts of lean production and enterprise risk management.
  • Explain the nature and importance of ethics for accountants and the role of corporate social responsibility.
  • Explain how intrinsic motivation, extrinsic incentives, and cognitive biases affect employee behaviour.

 

Chapter Overview

 

This chapter serves four main purposes:

 

  • It explains the nature of managerial accounting in providing internal accounting information to support the work of management—planning, directing and motivating, and controlling.
  • It describes the nature of organizations and the role of management accountants in an organization.
  • It explains how companies are responding to a changing business environment by improving business process with the following four approaches:
    • Lean Production
    • Enterprise Risk Management
  • It discusses the importance of upholding ethical standards.

 

 

Service-Related Examples

 

Company                                                                                                       Type of Business                           Text Reference

Certified Professional Accountants     Accounting                                    Introduction

Canadian Pacific                               Railway                                   In Business

CIBC                                                 Bank                                             Ethics/Discussion Case

 

 

Assignment Topic Grid

Chapter 1

 

Problem Topic LO1: Functions of managers LO2: Financial vs. managerial accounting   LO3: Lean production and enterprise risk

  management

  LO4: Nature and importance of ethics for

  accountants

LO5: Intrinsic motivation, extrinsic incentives, and cognitive biases Service industry Writing component CPA adapted
E1-1 Functions Performed by Managers ü ?
E1-2 Financial and Managerial Accounting ü ?
E1-3 Enterprise Risk Management ü ?
P1-4 Cognitive Biases ü ?
P1-5 Planning and Control Activities ü J ?
P1-6 Ethics in Business ü ?
P1-7 Corporate Social Responsibility ü ?
P1-8 Intrinsic Motivation and Extrinsic Incentives ü ?
P1-9 Value Chain Analysis ü

 

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