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1. Narrated Slides (Chapter Content)
2. iPod Content (Chapter Content)
| LO 1 | Explain the purpose and nature of managerial accounting. |
| LO 2 | Describe the lean business model. |
| LO 3 | Describe accounting concepts useful in classifying costs. |
| LO 4 | Define product and period costs and explain how they impact financial statements. |
| LO 5 | Explain how balance sheets and income statements for manufacturing and merchandising companies differ. |
| LO 6 | Compute cost of goods sold for a manufacturer. |
| LO 7 | Explain manufacturing activities and the flow of manufacturing costs. |
| LO 8 | Prepare a manufacturing statement and explain its purpose and links to financial statements. |
| LO 9 | Compute cycle time and cycle efficiency, and explain their importance to production management. |