This bestseller text offers clear, simple to understand and comprehensive coverage of management and cost accounting for students and professionals.
Packed with illustrations, examples and real-life applications, Management and Cost Accounting brings together techniques, concepts and practices in a highly readable way. Keeping its international focus, the text includes a wealth of case studies featuring companies from around the world, and includes up-to-date coverage of AI and robotics and other technology which affects management accounting. Applications are explained using illustrations from real corporations, plus the text includes professional accountancy examination questions to help you practice. 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.
-Up-to-date and comprehensive coverage of digital technologies, including artificial intelligence, robotics, 3-D printing, the Internet of Things, and Big Data analytics.
-Expanded and revised sections on strategic management accounting, the balanced scorecard, quality costing, governance and sustainability, as well as aspects of internet entrepreneurship.
-A wealth of resources including professional accountancy practice exercises and end-of-chapter questions providing opportunities to learn and develop exam agility.
-Harvard Business School and other cutting edge case studies that illustrate how management accounting is deployed in enterprises across locations and situations.
-A range of new Concepts in Action boxes and the latest Surveys of Corporate Practices showing how accounting techniques are used by managers in the business world.
Alnoor Bhimani is Professor of Management Accounting and previous Head of LSE’s Department of Accounting and Director of Entrepreneurship at the London School of Economics and Political Science.
Charles T. Horngren was the Edmund W. Littlefield Professor of Accounting at Stanford University.
Srikant M. Datar is the Arthur Lowes Dickinson Professor of Business Administration and Faculty Chair of the Harvard Innovation Lab at Harvard Business School.
Madhav V. Rajan is the Dean of the Booth School of Business at the University of Chicago.
Geef uw waardering
Guide to the case studies xvi
Authors’ acknowledgements xxii
Publisher’s acknowledgements xxv
PART I Management and cost accounting fundamentals
1 The manager and management accounting 2
2 An introduction to cost terms and purposes 30
3 Job costing 55
4 Process costing 85
5 Cost allocation 124
6 Cost allocation: joint-cost situations 153
7 Income effects of alternative stock-costing methods 179
Part I Case study problems 208
PART II Accounting information for decision making
8 Cost–volume–profit analysis 216
9 Determining how costs behave 244
10 Relevant information for decision making 284
11 Activity-based costing 316
12 Pricing, target costing and customer profitability analysis 349
13 Capital investment decisions 386
Part II Case study problems 416
PART III Planning and budgetary control systems
14 Motivation, budgets and responsibility accounting 424
15 Flexible budgets, variances and management control: I 462
16 Flexible budgets, variances and management control: II 492
17 Measuring yield, mix and quantity effects 526
Part III Case study problems 550
PART IV Management control systems and performance issues
18 Control systems and transfer pricing 556
19 Control systems and performance measurement 585
Part IV Case study problems 615
PART V Strategy, quality, time and emerging issues
20 Strategy, the balanced scorecard and quality 622
21 Accounting, time and efficiency 661
22 Emerging issues: digital technologies, governance and sustainability 704
Part V Case study problems 726
Appendix A: Solutions to selected exercises 742
Appendix B: Notes on compound interest and interest tables 809
Names index 830
Subject index 832
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