Description

Managerial Accounting teaches business students how to use accounting to make better decisions and improve performance. Engaging case studies and the popular ‘Manager’s Point of View’ boxes illustrate how concepts are applied in real world business situations. The latter add an extra dimension to your learning, as they are written by experienced practitioners of both management and accounting. With a minimum of technical language and a dedication to practical application, this popular text gives a refreshingly clear guide to management accounting.

Features

• New content on performance management techniques, including Lean Production & Accounting, Six Sigma and Strategic Management Accounting
• New material on Environmental Management Accounting
• Additional coverage of how budgets can be used to control operations
• Comparison of Better Budgeting with Beyond Budgeting
• A comprehensive explanation of Balanced Scorecards and Performance Dashboards
• Updated ‘Manager’s Point of View’ boxes, featuring some new contributions

New to this Edition

• A chapter on Performance Management Strategies, including Kaisen Costing, Environmental Management Accounting, Value Analysis/Engineering, and Total Quality Management
• New section on ‘using budgets to control operations’ (chapter 15)
• Not-for-profit organizations chapter now in appendix

Table of Contents

Dedication
Introduction to the book for Instructors
About the authors
Acknowledgements
Introduction to the book for students

Part 1: Foundations
1        Cost behaviour
2        The difference between profit and cash

Part 2: Financial Management
3        Ratio analysis and financial management
4        Working capital management

Part 3: Decision Making
5        variable costing and breakeven analysis
6        Short-term decisions using variable costing
7        Short-term decisions using relevant costing
8        Capital investment appraisal for long-term decisions

Part 4: Product costing and pricing
9        Product costs using absorption costing
10      Product costs using activity-based costing
11      Comparison of profits under absorption and variable costing
12      Pricing your products
13      Divisional performance and transfer pricing

Part 5: Business Performance Management
14      Budgets and their creation
15      using budgets to control operations
16      Budgets, Behaviour and Beyond Budgeting
17      Balanced Scorecards
19      Performance Management Strategies

Glossary
Answers to end-of-chapter questions
Appendix: Not-for-Profit Organisations
Index

Back Cover

Managerial Accounting: Decision Making and Performance Management teaches business students how to use accounting to make better decisions and improve performance. Engaging case studies and the popular ‘Manager’s Point of View’ boxes illustrate how concepts are applied in real world business situations, the latter, written by experienced practitioners of both management and accounting, adding an extra dimension to your learning. With a minimum of technical language and a dedication to practical application, this popular text gives a refreshingly clear guide to management accounting.

The fourth edition includes:

• New content on performance management techniques, including Lean Production and Accounting, Six Sigma and Strategic Management Accounting

• New material on Environmental Management Accounting

• Additional coverage of how budgets can be used to control operations

• Comparison of Better Budgeting with Beyond Budgeting

• A comprehensive explanation of Balanced Scorecards and Performance Dashboards

• Updated ‘Manager’s Point of View’ boxes, featuring some new contributions

Resources for Lecturers:

• Instructor’s Manual, containing answers to the chapter-end exercises, as well as additional questions and answers which can be used for assessment purposes

• PowerPoint slides for every chapter to accompany your lectures

• A bank of over 350 multiple choice questions, covering each part of the book.

Resources for Students include a companion website featuring:

·        Multiple choice questions to test your understanding

·        A variety of useful weblinks enabling you to explore the topics both in a wider context and in more depth

·        Virtual flashcards to aid your revision of key terminology.

 

Ray Proctor has taught Management Accounting for over 30 years. During his career he has lectured at Coventry University, Oxford Brookes University and Warwick University. His enthusiasm for his subject is clearly communicated through his engaging writing style.

 

 

 

Author

Ray Proctor has taught Management Accounting for over 30 years. During his career he has lectured at Coventry University, Oxford Brookes University and Warwick University.