For undergraduate and MBA students taking a Cost or Management Accounting course.
Emphasizing the “different costs for different purposes,” this text focuses on strategy and the decision making process. With a tradition of being the market leading text and professional standard, the new edition has deepened it's strategic focus and emphasis, and invested in market breaking MyAccountingLab tutorial support.
Emphasizing the “different costs for different purposes,” this text focuses on strategy and the decision making process.
Driving and innvovating with New Features and Technology - the new edition includes substantial improvements in content, and value-added student and instructor support. In particular, a stronger emphasis on strategic topics, new authors from Wharton and Stanford, and tutorial MyAccountingLab software based on rock solid technology (with millions of students using). For complete information, visit the What's New section.
Text driven by Hallmark Values
· Exceptionally strong emphasis on managerial uses of cost information
· Clarity and understandability of the text
· Excellent balance in integrating modern topics with existing content
· Emphasis on human behavior aspects
· Extensive use of real-world examples
· Ability to teach chapters in different sequences
· Excellent quantity, quality, and range of assignment material
The first thirteen chapters provide the essence of a one-term (quarter or semester) course. There is ample text and assignment material in the book’s twenty-three chapters for a two-term course. This book can be used immediately after the student has had an introductory course in financial accounting. Alternatively, this book can build on an introductory course in managerial accounting.
Deciding on the sequence of chapters in a textbook is a challenge. Every instructor has a favorite way of organizing his or her course. Hence, we present a modular, flexible organization that permits a course to be custom tailored. This organization facilitates diverse approaches to teaching and learning
Framework for Decision-Making
The framework in this edition helps students see how the demand for various types of management accounting information is a response to the decision-making needs of managers. Serving as a structure for discussing many management accounting concepts in later chapters, Chapter 1 presents the process (p. 9) by:
* Identifying the problem and uncertainties
* Obtaining information
* Making predictions
* Choosing among alternatives
* Implementing the decision
* Evaluating performance and learning
The Bridge Between Cost and Management Accounting
Chapter 2 (p. 26) provides the framework for discussing topics in later chapters, such as strategy, evaluation, quality and just-in-time systems, that invariably have product-costing, planning and control, and decision-making perspectives. The framework emphasizes three key ideas:
* Calculating the cost of products, services, and other cost objects
* Obtaining information for planning and control and performance evaluation
* Identifying relevant information for decision making
The Balanced Scorecard
Chapter 13 (p. 462)describes how the balanced scorecard can help companies determine whether the problems they are facing are the result of poor strategy or poor implementation. The balanced scorecard and its four perspectives serve as an organizing framework for topics such as:
· Quality and time in Chapter 19
· Management control in Chapter 22
· Performance evaluation in Chapter 23
ABC: Activity-Based Costing
Presented in Chapter 5 (p. 136), material is now presented in a single chapter with links to simpler job-costing systems presented in Chapter 4. New material has been added to subsequent chapters on activity-based budgeting, customer-profitability analysis, activity-based costing and activity-based management.
New and Evolving Management Thinking
A systematic incorporation of new and evolving management thinking has been added including activity-based management, integrated approach to variance analysis, lean accounting and levels of control.
New To This Edition
<>Key Changes in Brief:
Increased emphasis on Strategy, Decision-Making, and Management Accounting Concepts. New topics, a new Framework for Decision making, and new real-world cases particularly demonstrate new emphasis. In addition, two new Authors Madhave Rajan of Stanford and Chris Ittner of Wharton have been added to improve coverage of these topics. Detailed descriptions follow below.
MyAccountingLab System - new marketing leading investment made in MyAccountingLab Software. Built on the rock sold MathXL technology used already by millions of students, this system helps students work, solve, and test their problem-solving abilities either as homework or in preparation for class experience. MyAccountingLab provides help when they have difficulty, gives review and lesson plans based on their performance, and lets their instructor see detailed results of their work. For complete information, visit www.pearson.com/myaccountinglab. 50% of the problems in Core chapters 1-13 will be available for usage August of 2008 -- with the later chapters coming for January 2009. A Demo Cost chapter available for preview by the third week of February.
New Excel manual -- to improve students varied skills with Excel, especially in more advanced areas like Cost Accounting, this edition will offer an inexpensive Excel manual that provides step by step instruction. This optional manual will help professors who like to use Excel in their class, but are concerned about their students' abilities. Of course, the new edition will continue to offer other support for Excel, such as improved screen captures in the book, and sample templates for problems.
New Simplified Design -- in response to user feedback, we are offering a simplified presentation that eliminates much of the "extra" material that is in the book. This is designed to help students focus on what is important as they read.
This title is not held in stock & is ordered from suppliers, subject to availability.