Managerial Accounting: The Cornerstone of Business Decision Making 7th Edition

Managerial Accounting: The Cornerstone of Business Decision Making (7th Edition)

ISBN: 9781337115773

Overview

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The 7th edition of Managerial Accounting: The Cornerstone of Business Decision Making offers an engaging, practical, and relevant approach to teaching and learning managerial accounting. This edition emphasizes a “Here’s How It’s Used” approach, helping students connect managerial accounting concepts to real-world business decisions. The text includes new examples and brief video clips that make the material relatable, encouraging deeper comprehension of managerial accounting and its business implications.

The book’s logical organization guides students through the importance of managerial accounting, its core concepts, and how the information is sourced and applied in decision-making processes. Additionally, students explore emerging topics such as sustainability, quality cost, lean accounting, international issues, enterprise risk management, and forensic and fraud accounting, which are increasingly relevant in today’s business environment.

Table of Contents

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1. 
   

   Introduction

   to Managerial Accounting

2. Basic Managerial Accounting Concepts: WHAT Is Managerial Accounting?
3. Cost Behavior, Cost Forecasting, and Segmented Income Statements: WHERE Does Managerial Accounting Come From?
4. Job-Order Costing and Normal Cost (Overhead Application)
5. Activity-Based Costing and Management
6. Process Costing
7. Cost-Volume-Profit Analysis: HOW Is Managerial Accounting USED for Decision Making?
8. Tactical Decision-Making and Relevant Costing
9. Profit Planning and Flexible Budgets
10. Standard Costing and Variance Analysis
11. Performance Evaluation and Decentralization
12. Capital Investment Decisions
13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, The Managerial Accountant in Forensic/Fraud Accounting
14. Statement of Cash Flows
15. Financial Statement Analysis