Managerial Accounting, 2nd Edition
December 2012, ©2012
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.
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
- 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.
- 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.