Managerial Accounting (13th Edition)

Book Preface

Management Accounting: It’s More Than Just Crunching Numbers

“Creating value through values” is the credo of today’s management accountant. It means that management accountants should maintain an unwavering commitment to ethical values while using their knowledge and skills to influence decisions that create value for organizational stakeholders. These skills include managing risks and implementing strategy through planning, budgeting and forecasting, and decision support. Management accountants are strategic business partners who understand the financial and operational sides of the business. They not only report and analyze financial measures, but also nonfinancial measures of process performance and corporate social performance. Think of these responsibilities as profits (financial statements), process (customer focus and satisfaction), people (employee learning and satisfaction), and planet (environmental stewardship)

Brief Contents

Chapter One Managerial Accounting and the Business Environment 1
Chapter Two Managerial Accounting and Cost Concepts 30
Chapter Three Systems Design: Job-Order Costing 88
Chapter Four Systems Design: Process Costing 148
Chapter Five Cost Behavior: Analysis and Use 188
Chapter Six Cost-Volume-Profi t Relationships 233
Chapter Seven Variable Costing: A Tool for Management 279
Chapter Eight Activity-Based Costing: A Tool to Aid Decision Making 307
Chapter Nine Profi t Planning 368
Chapter Ten Flexible Budgets and Performance Analysis 417
Chapter Eleven Standard Costs and Operating Performance Measures 450
Chapter Twelve Segment Reporting, Decentralization, and the Balanced Scorecard 507
Chapter Thirteen Relevant Costs for Decision Making 578
Chapter Fourteen Capital Budgeting Decisions 627
Chapter Fifteen “How Well Am I Doing?” Statement of Cash Flows 687
Chapter Sixteen “How Well Am I Doing?” Financial Statement Analysis 723
Appendix A Pricing Products and Services 761
Appendix B Profi tability Analysis 777