Bibliographic Information

Management and cost accounting

Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

Pearson, 2023

Eighth Edition

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Content Type: text (rdacontent), Media Type: unmediated (rdamedia), Carrier Type: volume (rdacarrier)

Revised edition of the authors' Management and cost accounting, [2018]

Includes index

Summary: "Accounting influences our lives. Whether or not one uses accounting information, accounting alters our social, economic and physical environment. And of course, it impacts organisations and altering what we do and the decisions we make. Corporate action regarding new product developments, pricing strategy, staff recruitment and salary levels are usually directly influenced by accounting information. At times, accounting motivates certain types of managerial behaviours and discourages others. This book is about understanding the preparation and use of management and cost accounting information, taking account of how it influences decisions. But accounting is not a pre-given in form or process and in this sense accounting is also continuously being reshaped by its context. The book therefore also extensively discusses how different factors alter accounting techniques and processes"-- Provided by publisher

Description and Table of Contents

Description

This bestseller text offers clear, simple-to-understand and comprehensive coverage of management and cost accounting. Management and Cost Accounting, 8th edition brings together techniques, concepts and practices in a way that is readable and with language that is easy to follow. Keeping its international focus, the text includes a wealth of case studies featuring companies from around the world, and offers up-to-date coverage of the most contemporary aspects affecting management accounting today, such as a greater emphasis on sustainability, as well as AI, automation and other technologies. Packed with illustrations, examples and real-life applications, this book will help you learn about the aspects of management accounting that are essential in your study and your future performance in the workplace. Key Features Up-to-date coverage of the impact of digitalisation and application of new technologies, including blockchain systems, artificial intelligence and more. Sustainability practices are now given more space with new examples covering topics such as renewable energy and initiatives to lessen environmental impact. A wealth of resources, including professional accountancy practice exercises, and end-of-chapter questions, provide opportunities to learn and develop exam ability. A range of new real-life applications in 'Concepts in Action' boxes show how managers use accounting techniques in the business world. Harvard Business School and other cutting-edge case studies illustrate how management accounting is deployed in different types of enterprise across the globe. Also available with MyLab Accounting MyLab (R) is the teaching and learning platform that combines trusted author content with digital assessments, help tools to use at point-of-need, and a flexible platform. MyLab Accounting for this book includes over 800 exercises on the topics in the book. If you would like to purchase both the physical text and MyLab (R) Accounting, search for: 9781292436012 Management and Cost Accounting 8th edition with MyLab Accounting Package consists of: 9781292436029 Management and Cost Accounting 8th edition 9781292435992 Management and Cost Accounting 8th edition MyLab Accounting 9781292436005 Management and Cost Accounting 8th edition eTextbook MyLab (R) Accounting is not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Table of Contents

Contents Guide to the case studies Preface Author's acknowledgements Part 1 Management and cost accounting fundamentals The manager and management accounting An introduction to cost terms and purposes Job costing Process costing Cost allocation Cost allocation: joint-cost situations Income effects of alternative stock-costing methods Part 1 Case study problems Part 2 Accounting information for decision making Cost-volume-profit analysis Determining how costs behave Relevant information for decision making Activity-based costing Pricing issues and customer profitability analysis Capital investment decisions Part 2 Case study problems Part 3 Planning and budgetary control systems Motivation, budgets and responsibility accounting Flexible budgets, variances and management control: I Flexible budgets, variances and management control: II Measuring yield, mix and quantity effects Part 3 Case study problems Part 4 Management control systems and performance issues Control systems and transfer pricing Control systems and performance measurement Part 4 Case study problems Part 5 Strategy, quality, time and emerging issues Strategy, the balanced scorecard and quality Strategy, the balanced scorecard and quality Emerging issues: digitalisation and sustainability Part 5 Case study problems Appendix A: Solutions to selected exercises Glossary Subject Index Publisher's acknowledgements

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