Daily Applications

This page is the gateway to a series of interactive exercises designed to get you involved in doing management accounting: manipulating data, doing calculations, arriving at conclusions, and making recommendations. The applications are "daily" in the sense that they focus on the types of problems and analyses that managers use in day-to-day decision making. For each Daily Application, there are one or more "Quiz Yourself" modules that enable you to test your knowledge of the relevant concepts. In some cases the quizzes are dependent on one or more of the Daily Application exercises. The listing below provides a summary of the Daily Applications that are available. The first link in each row is a general introduction. The others address specific issues.

Application set #1

CVP analysis

Charlie's data

Charlie's breakeven point

CVP relationships

Sensitivity analysis

Multiple products

Application set #2

Incremental analysis

What to do about the offer from Everett

Should Charlie buy lumber at 30% off?

Application set #3

Operational Budgeting

Charlie's Sales Budget

Purchases Budget

Cash Disbursements

Cash Budget

Profit Plan

Balance Sheet

Flowchart Summary of the Budget Process

Additional application sets covering the following topics will be added as they are completed:

Cost accounting and product costing
Cost behavior analysis [algebraic methods and OLS regression]
Performance evaluation
Capital budgeting

Copyright © 2004 Gerald M. Myers. All rights reserved. This site has been developed as aid to instructors and students in managerial accounting. The scenarios contained herein are not intended to reflect effective or ineffective handling of managerial situations. Any resemblance to existing organizations is purely coincidental.

Last modified: August 03, 2005