- Item type
- Book
- Language
- English
- Publication year
- 2017
- Edition no.
- 16th ed.
- ISBN
- 978-1-292-21154-1
- Subjects
- MANAGEMENT ACCOUNTING
Use the most current information to prepare students for their field
· Emphasis on Global Issues reflect todays increasingly global business environment, including:
· The importance of joint cost allocation in creating a trade war between poultry farms in South Africa and the United States (Chapter 16).
· The texts examples of management accounting applications in companies are drawn from international settings.
· Focus on merchandising and service sectors (versus traditional manufacturing settings)highlight the shifts in the US and world economies, including:
· Several Concepts in Action boxes focus on the merchandising and service sectors, including achieving cost leadership at Trader Joes, using activity-based costing to reduce the costs of health care delivery at the Mayo Clinic (Chapter 5), reducing fixed costs at Twitter (Chapter 2), and analyzing operating income performance at Best Buy (Chapter 12) and web-based budgeting at 24 Hour Fitness.
· Emphasis on sustainability as one of the critical managerial challenges of the coming decades, including:
· Material that stress themes of recognizing and accounting for environmental costs, energy independence and the smart grid, setting stretch targets to motivate greater carbon reductions, using cost analysis, carbon tax, and cap-and-trade auctions to reduce environmental footprints, and constructing green homes in a cost-effective manner.
· More focus on the role of accounting concepts and systems in fostering and supporting innovation and entrepreneurial activities in firms including:
· The challenges posed by recognizing R&D costs as period expenses even though the benefits of innovation accrue in later periods.
· How companies budget for innovation expenses and develop measures to monitor success of the innovation efforts delinked from operational performance in the current period (Chapter 6).
· The importance of nonfinancial measures when making decisions about innovation (Chapter 11).
· The concept that innovation starts with understanding customer needs (Chapter 13).
· Process innovations for improving quality (Chapter 19).
· Cutting-edge topics are covered, including:
· Material around recent trends in big data and data analytics in predicting costs and when making demand forecasts. from publisher.
1. The manager and management accounting ---
2. An introduction to cost terms and purposes ---
3. Cost-volume-profit analysis ---
4. Job costing ---
5. Activity-based costing and activity-based management ---
6. Master budget and responsibility accounting ---
7. Flexible budgets, direct-cost variances, and management control ---
8. Flexible budgets, overhead cost variances, and management control ---
9. Inventory costing and capacity analysis ---
10. Determining how costs behave ---
11. Decision making and relevant information ---
12. Strategy, balanced scorecard, and strategic profitability analysis ---
13. Pricing decisions and cost management ---
14. Cost allocation, customer-profitability analysis, and sales-variance analysis ---
15. Allocation of support-department costs, common costs, and revenues ---
16. Cost allocation: joint products and byproducts ---
17. Process costing ---
18. Spoilage, rework, and scrap ---
19. Balanced scorecard: quality and time ---
20. Inventory management, just-in-time, and simplified costing methods ---
21. Capital budgeting and cost analysis ---
22. Management control systems, transfer pricing, and multinational considerations ---
23. Performance measurement, compensation, and multinational considerations..
