1. Management Accounting: The Cornerstone for Business Decisions
Chapter 1
Introduction to Management Accounting
Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved.

2. Learning Objectives Explain the meaning of management accounting.
Explain the difference between management accounting and financial accounting
Identify and explain the current focus of management accounting.

3. Learning Objectives
Describe the role of management accountants in an organization.
Explain the importance of ethical behavior for managers and management accountants.
Identify three forms of certification available to management accountants.

4. What is management accounting?
What are its three objectives?

5. Illustration of Management Accounting Information

6. Match Definitions Planning
Monitoring a plan’s implementation and taking corrective action
Control
Choosing among competing alternatives
Decision Making
Information of action to achieve a particular end

7. Differentiate Between Managerial & Financial Accounting

8. What is the current focus of managerial accounting?

9. Describe the Value Chain

10. Describe the Role of the Management Accountant

11. Define Line and Staff
Line
Staff

12. What is ethical behavior?

13. Match the Certification to the Organization that Sponsors it
CPA
Institute of Internal Auditors IIA
Institute of Management Accountants IMA
CMA
American Institute of Certified Public Accountants AICPA
CIA