Management Accounting

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Management Accounting, 7th Edition integrates coverage of both functional-based management topics (such as job-order and process costing) and activity-based management topics (such as strategic cost analysis, activity-based tactical decision making, productivity measurement and control, quality cost management, theory of constraints, process value analysis and international topics). This approach emphasizes that changing conditions often require a change in cost management systems. Key Feature E-Commerce: A new section on e-commerce has been added to Chapter 1 to give students an overview of the impact of e-commerce on management accounting issues. Least Squares Regression Manual Computation Added: Manual computation of regression coefficients is added in Chapter 3 to helpstudents understand the technical and theoretical concepts underlying ordinary least squares analysis. Budgeting Coverage Simplified: A new and simpler example is used throughout Chapter 8 to illustrate the budgeting concepts. Chapter scenarios updated: Cases at the beginning of each chapter focus on real-world situations and companies. Unique Updated Environmental Accounting Chapter: This chapter addresses the emerging field of environmental accounting. Students learn how a manager may reduce costs by implementing environmentally conscious processes. New real-world examples have been introduced to emphasize the viability and value of environmental cost management. Table of Contents Introduction: The Role, History, and Direction of Management Accounting. Cost Accumulation and Product Costing. Basic Management Accounting Concepts. Activity Cost Behavior Activity-Based Costing. Job-Order Costing. Process Costing. Support Department Cost Allocation. Planning and Control Functional and Activity-Based Budgeting. Standard Costing: A Managerial Control Tool. Activity- and Strategic-Based Responsibility Accounting. Quality Costs and Productivity: Measurement, Reporting and Control. Environmental Cost Management. Performance Evaluation in the Decentralized Firm. International Issues in Management Accounting. Managerial Decision Making. Segmented Reporting and Performance Evaluation. Cost-Volume-Profit Analysis: A Managerial Planning Tool. Tactical Decision-Making. Capital Investment Decisions. Inventory Management.