Part 1: Focus on decision making -- Managerial accounting & the business organization -- Introduction to cost behavior and cost-volume relationships -- Measurement of cost behavior -- Cost management systems and activity-based costing -- Relevant information and decision making: maketing decisions -- Relevant information and decision making: production decisions -- Part 2: Accounting for planning and control -- The master budget -- Flexible budgets and variance analysis -- Management control systems and responsibility accounting -- Management control in decentralized organizations -- Part 3: Capital budgeting -- Capital budgeting -- Part 4: Product costing -- Cost Allocation -- Job-costing systems -- Process-costing systems -- Overhead application: variable and absorption costing -- Part 5: Basic financial accounting -- Basic accounting: concepts, techniques, & conventions -- Understanding corporate annual reports: basic financial statements -- More on understanding corporate annual reports -- Difficulties in measuring net income

1. Managerial accounting