Ch 7: Reporting Systems & Structures in Accounting

About This Chapter

The Reporting Systems & Structures in Accounting chapter of our Accounting 102: Intro to Managerial Accounting course can teach you all about the functions, benefits and drawbacks of various reporting systems and structures. Use our lively lessons, short quizzes and ask-an-expert feature to help you master these topics.

Reporting Systems & Structures in Accounting - Chapter Summary and Learning Objectives

Reporting systems are ways to collect and analyze accounting data to facilitate a more efficient decision making process. Managers often rely on these reporting systems as a guide in their decisions. In this chapter you'll learn:

  • What segment reporting is and its functions
  • What role segment margin plays in decision making
  • The benefits and drawbacks of responsibility accounting
  • What are traceable and common fixed costs?

Lesson Objective
Segment Reporting Basics & Tools Learn segment reporting basics, segmented income statement, traceable and fixed cost.
Segment Margin & Decision-Making in Accounting Understand segment margins, and the need for proper cost assignment.
Responsibility Accounting: Benefits & LimitationsExplain responsibility accounting and describe benefits and drawbacks.
Investment Center Evaluation: Formula & Residual IncomeUnderstand performance evaluation at investment centers. Apply for formula for calculating return on investment.
The Balanced Scorecard as a Strategic Management SystemLearn a performance appraisal technique with the balanced scorecard.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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