The seventh edition of Management Accounting introduces students to the fundamentals of management accounting. Though it is assumed it is assumed that students have been introduced to the basics of financial accounting, extensive knowledge of financial accounting is not needed. Our emphasis is on the use of accounting information. Thus, the text should be of value to students with a variety of backgrounds. Although written to serve undergraduates, the text has been used successfully at the graduate level. There is sufficient variety in the assignment material to accommodate both undergraduate and graduate students.
Many business school students who are required to take a course in management accounting are not accounting majors. For these students, it is often difficult to appreciate the value of the concepts being taught. Management Accounting, 7e, overcomes this attitude by using introductory chapter scenarios based on real-world settings, photos illustrating practical applications of management accounting concepts, and realistic examples illustrating the concepts within the chapters. Seeing that effective management requires a sound understanding of how to use accounting information should pique the interests of both accounting and nonaccounting majors.
Part 1 The Strategic Importance of Operations
Part 2 Designing the Operating System
Part 3 Managing the Supply Chain
Part 4 Ensuring Quality