Management Accounting

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Management Accounting, Fifth Edition, represents state-of-the-art thinking on all of the major topics in management accounting, including activity-based management, the Balanced Scorecard, target costing, value chain analysis and management. Every chapter in the new edition of Atkinson now includes an opening chapter vignette based on a real company which describes realistic business problems that can benefit from managerial accounting or analysis or approaches. Robert S. Kaplan is considered the world's leading expert on activity-based costing and the Balanced Scorecard. For this edition, he has revised and reorganized chapter on “Activity-Based Cost Systems”. In this new edition, Kaplan, co-creator of ABC, integrates the new time-driven ABC approach with the conventional ABC approach. He has also revised Chapter on, “The Balanced Scorecard.” This is a comprehensive full chapter treatment of how to translate a strategy into a strategy map and Balanced Scorecard. Key Feature New chapter-opening vignettes describe realistic business problems that can benefit from managerial accounting analysis or approaches. Sections focusing on relevant costing, and performance indicators of quality management, have been added. Detailed write-up on Life cycle costing. A brief note on the objectives of compensation system followed by Indian companies from a managerial control perspective. A special section on the differences between IGAAP and GAAP. A detailed write-up on the cost accounting approach in the Indian context, based on Statutory Cost Accounting Record Rules (CAAR). Emphasis has been provided on Activity Based Costing and its comparison to the Traditional Costing System. Enhanced thrust on value chains and target costing, with focus on the rationale for setting target costs and the ways and means to achieve them Table of Contents 1. Management Accounting: Information that Creates Value 2. Cost Management Concepts and Cost Behavior 3. Traditional Cost Management Systems 4. Activity-Based Cost Systems 5. Management Accounting Information for Activity and Process Decision 6. Cost Information for Pricing and Product Planning. 7. Management Accounting and Control Systems: Assessing Performance over the Value Chain. 8. Motivating Behavior in Management Accounting and Control Systems. 9. The Balanced Scorecard. 10. Using Budgets to Achieve Organizational Objectives. 11. Capital Budgeting -Long-Term Assets 12. Financial Control.