Accounting for Decision Making and Control

Research and teaching interests involve financial and managerial accounting. He and Professor Ross L. Watts received American Institute of Certified Public Accountants Awards in 1979 and 1980 for their joint papers. He received the American Accounting Association award for Seminal Contribution to Accounting Literature in 2004. He was the 1978 winner of the Competitive Manuscript Award, sponsored by the American Accounting Association, for his paper, "The Costs and Benefits of Cost Allocation." His research, which has come to be called "positive theories of accounting," seeks to understand the costs and benefits of various accounting procedures. He and Watts co-authored a book, Positive Accounting Theory, published by Prentice-Hall in 1986.

• Ch. 1 IntroductionCh. 2 The Nature of CostsCh. 3 Opportunity Cost of Capital and Capital BudgetingCh. 4 Organizational ArchitectureCh. 5 Responsibility Accounting and Transfer PricingCh. 6 BudgetingCh. 7 Cost Allocation: TheoryCh. 8 Cost Allocation: PracticesCh. 9 Absorption Cost SystemsCh. 10 Criticisms of Absorption Cost Systems: Incentive to OverproduceCh. 11 Criticisms of Absorption Cost Systems: Inaccurate Product CostsCh. 12 Standard Costs: Direct Labor and MaterialsCh. 13 Overhead and Marketing VariancesCh. 14 Management Accounting in a Changing EnvironmentSolutions to Concept QuestionsGlossaryIndex