This edition of Management Accounting provides students with the necessary understanding of fundamental accounting concepts and tools, while simultaneously emphasizing the analysis and interpretation of information rather than its preparation. This approach enables us to teach students to think not only about "how" the accounting takes place, but also "why" that accounting takes place and how the resultant information improves the decision-making process. Our approach does not rely on the extensive use of journal entries or other accounting procedures because our primary focus is on the use of accounting information by managers in organizations. Accordingly, we provide numerous business examples throughout the text of how actual companies are using managerial accounting in strategic ways to improve thir busniess. We also took care to maintain and improve the understandability and readability of the text.
Chapter 1 Accounting Information and Managerial Decisions
Chapter 2 Product Costing: Manufacturing Processes, Cost
Terminology, and Cost Flows
Chapter 3 Job Costing, Process Costing, and Operations Costing
Chapter 4 Activity-Based Costing
Chapter 5 Cost Behavior and Relevant Costs
Chapter 6 Cost-Volume-Profit Analysis and Variable Costing
Chapter 7 Shot-Term Tectical Decision Making
Chapter 8 Long-Term (Capital Investment) Decisions
Chapter 9 The Use of Budgets in Planning and Decision Making
Chapter 10 Variance Analysis-A Tool for Cost Control and
Performance Evaluation
,etc.