Overview MANAGERIAL ACCOUNTING, 7E makes teaching and learning managerial accounting meaningful, fun, and relatable for both you and your students. This edition has been revised with an emphasis on showing students “Here’s How It’s Used.” This unique learning approach along with new brief video clips and relevant examples encourages and enables students to develop a deeper understanding of managerial accounting and its implications for business. Additionally, a new organization logically progresses from why managerial accounting is important, to what it is, to where the information comes from, and how it is best used to make business decisions. Students even explore emerging topics of interest to them, such as sustainability, quality cost, lean accounting, international issues, enterprise risk management, and forensic and fraud accounting.
What's New
ETHICAL DECISIONS” FEATURES PREPARE STUDENTS TO MAKE INFORMED DECISIONS. To succeed in today’s business climate, students must be able to analyze business situations and make thoughtful ethical decisions. The text weaves “Ethical Decisions” features throughout each chapter to encourage students to develop these essential skills and consider the ethical implications of their actions in every situation.
EXPERIENCE MANAGERIAL DECISIONS” VIGNETTES OPEN EACH CHAPTER WITH ACCOMPANYING VIDEOS IN CENGAGENOW™V2. Students see how familiar companies, such as Hard Rock Cafe, Cold Stone Creamery, Washburn Guitars, Google, Apple, and more, use accounting information to make better decisions. The chapter references the featured company throughout to emphasize the importance of managerial accounting concepts in the real world. Corresponding videos from the popular Experience Accounting Video Series further support the vignettes.
MASTERY PROBLEMS IN CENGAGENOW™V2 INCREASE STUDENTS’ KEY STRENGTHS AND SKILLS. These proven, scenario-based exercises are designed to help reinforce your students’ knowledge of important concepts. Students, strengthen their analytical skills as they, demonstrate mastery of critical concepts.
EXAMPLES AND ACTIVITIES TEACH STUDENTS TO SOLVE MANAGERIAL ACCOUNTING PROBLEMS. Clear, step-by-step examples and selected end-of-chapter activities are now carefully linked to enable students to quickly gather the information necessary to solve managerial accounting problems efficiently. This approach enables readers to focus on the implications of the decision rather than calculations.
Table of Contents WHY Is Managerial Accounting Important?
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.
HOW Is Managerial Accounting USED for Decision Making?
7. Cost-Volume-Profit Analysis.
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.