The Seventh edition of Management Accounting introduces students to the fundamentals of management accounting. Though 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 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.
1. Introduction: The Role, History, and Direction of Management Accounting
2. Basic Management Accounting Concepts
3. Activity Cost Behavior
4. Activity-Bases Costing
5. Job-Order Costing
6. Process Costing
7. Support Department Cost Allocation
8. Functional and Activity-Based Budgeting
9. Standard Costing: A Managerial Control Tool
10. Activity- and Strategiic-Bases Responsibility Accounting
,etc.