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Textbook

Managerial Accounting, 2nd Edition

ISBN: 978-1-118-57271-9
720 pages
December 2012, ©2012
Managerial Accounting, 2nd Edition (1118572718) cover image

Description

Most managerial accounting texts emphasize the mechanics of managerial accounting. While important, mechanics are not enough. To solve business problems, students need to understand how managerial accounting can improve decision-making, and when and where a particular tool or technique is appropriate.  

Balakrishnans Managerial Accounting 2nd edition presents accounting information in the context of business decision making. It combines the traditional topics of managerial accounting with a strategic framework that shows students how to construct decision models and measure information. By linking business decisions with accounting information students will be motivated to learn and make more informed decisions. Balakrishnan will appeal to courses where there is a true focus on decision making and accounting is placed within a business context.
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Table of Contents

MODULE I: INTRODUCTION AND FRAMEWORK

CHAPTER 1: ACCOUNTING: INFORMATION FOR DECISION MAKING

CHAPTER 2: IDENTIFYING AND ESTIMATING COSTS AND BENEFITS

CHAPTER 3: COST FLOWS AND COST TERMINOLOGY

MODULE II: SHORT-TERM PLANNING AND CONTROL: MAXIMIZING CONTRIBUTION

CHAPTER 4: TECHNIQUES FOR ESTIMATING FIXED AND VARIABLE COSTS

CHAPTER 5: COST-VOLUME-PROFIT ANALYSIS

CHAPTER 6: DECISION MAKING IN THE SHORT TERM

CHAPTER 7: OPERATING BUDGETS: BRIDGING PLANNING AND CONTROL

CHAPTER 8: BUDGETARY CONTROL AND VARIANCE ANALYSIS

MODULE III: LONG-TERM PLANNING AND CONTROL: MAXIMIZING PROFIT

CHAPTER 9: COST ALLOCATIONS

CHAPTER 10: ACTIVITY-BASED COSTING & MANAGEMENT

CHAPTER 11: CAPITAL BUDGETING

CHAPTER 12: PERFORMANCE EVALUATION IN DECENTRALIZED ORGANIZATIONS

CHAPTER 13: STRATEGIC PLANNING AND CONTROL

MODULE IV: COST ACCOUNTING SYSTEMS

CHAPTER 14: JOB-COSTING SYSTEMS

CHAPTER 15: PROCESS-COSTING SYSTEMS

CHAPTER 16: REFINING SYSTEMS: SUPPORT ACTIVITY AND DUAL-RATE ALLOCATIONS

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New to This Edition

  • Chapters 1 and 2 revised to place a greater emphasis on the concept of relevance and its importance for decision making.  We have reduced the extent of discussion previously devoted to the notion of controllability although we still stress its importance in understanding costs and cost structure.
  • Added numerous end-of-chapter exercises and problems.
  • Updated examples in the “connecting to practice” callouts.
  • Clarified language in numerous end-of-chapter exercises and problems to remove ambiguities.
  • Edited language for additional clarity and accessibility.
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The Wiley Advantage

  • Strategic Framework: The modules used to organize this text allow students to quickly and logically relate accounting information to business decision making. Each module presents cost estimation and planning decisions in both the short-term and long-term context, while presenting budgets as devices that link planning and control decisions.
  • Applying the Decision: Within each chapter the book explores a specific decision problem framed in a 4-step manner.  This framework is presented at the beginning of each chapter, and students are asked to analyze it throughout the chapter.  It is then revisited near the end of the chapter for a decision recommendation.
  • End-of-chapter material features an excellent balance of quantitative and qualitative problems.  The problems are set in the manufacturing and service sectors.  Each chapter also contains EOC materials that focus on non-profit organizations.
  • Chapter Connections: Each chapter begins with how the current material relates to the prior and subsequent chapters.  Throughout the text, Chapter Connections link the decision problems to concepts in earlier chapters. 
  • Well qualified and respected author team. All three authors on this text are published managerial accounting researchers and have taught introductory managerial accounting.
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