Management Accounting, second edition, has been written to introduce students to the vital role that management accounting information plays in organizations. Today, management accounting information is used for decision-making, learning, planning, and controlling activities. The information that management accounting system produce supports the operational and strategic needs of the enterprise. Measures of the economic condition of the enterprise---such as the cost and profitability of the organization's products, services, and customers---are available only from management accounting system.
Employees use management accounting information to receive rapid feedback on their performance so that they can learn from the recent past and improve for the future. Used in this way, management accounting information supports the organization's continuous learning and improvement activities. Management accounting information measures the economic performance of decentralized operating units such as business units, divisions, and departments. It provides feedback to senior management about the units' performance and also serves as the linkage between the strategy of the organization and the execution of that strategy in individual operating units.
1. Management Accounting: Information That Creates Value
2. The Organization As A System Of Activities
3. Cost Concepts
4. Cost Behavior
5. Basic Product Costing System
6. Two-Stage Allocations And Activity-Based Costing System
7. Pricing And Product-Mix Decisions
8. Process And Activity Decisions
9. Budgeting: Resource Allocation To Achieve Organizational Objectives
10. Capital Budgeting
, etc.