Managerial Accounting (Special Indian Edition)

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Key Features "Focus on Ethics" segments, which pose ethical dilemmas or discuss ethical issues and then ask the student for his or her opinion about the issue. Coverage of environmental cost management-a hot, new topic in the field. New and updated Managerial Accounting Practice pedagogical boxes. Focus and Contrast Companies: One of the hallmark features of the text is its pioneering of the focus company approach. Each chapter is written around a realistic business that introduces the reader to the topics of that chapter. Sarbanes-Oxley Act Build a Spreadsheet About The Author Ronald Hilton Professor of Accounting at Cornell University, Professor Hilton teaches in the areas of managerial accounting and cost management systems. With bachelor's and master's degrees in accounting from The Pennsylvania State University, he received his Ph.D. from The Ohio State University. A Cornell faculty member since 1977, Professor Hilton also has taught accounting at Ohio State and the University of Florida, where he held the position of Walter J. Matherly Professor of Accounting. Prior to pursuing his doctoral studies, Hilton worked for Peat, Marwick, Mitchell and Company and served as an officer in the United States Air Force. Professor Hilton is a member of the Institute of Management Accountants and has been active in the American Accounting Association. G Ramesh Associate Professor of Center for Public Policy of Indian Institute of Management, Bangalore. He is a Fellow of IIM, Ahmedabad with Specialization in Finance and Accounts. He was a Member of Indian Economic Service of Government of India. He specializes in Cost Management, Management Control Systems, and Performance Management. His interest is in applying management accounting and control frameworks to services sector and public system domain. He works in the areas of and health care, infrastructure, utilities, transport, software and BPO, etc. He offers training programmes on modules on Strategic Cost Management, Total Cost Management, Transfer Pricing,Value Chain Analysis, Budgeting and Business Analytics, Performance management, etc. He has undertaken several consulting and evaluation studies in public system area for various International Agencies and Central Government. M Jayadev Post-graduate in Commerce and obtained PhD in Finance from Osmania University, Hyderabad. He is also an associate member of Indian Institute of Bankers (CAIIB) and recipient of UGC-JRF and ICCSR-Teacher Fellowships. He is currently working as Associate Professor of Finance and Control area of Indian Institute of Management, Bangalore. He has more than eight years of experience in teaching Accounting, Corporate Finance and Banking for Post-graduate and Doctoral programs at both Indian Institute of Management Bangalore and Lucknow. He has published papers in professional and research journals in the areas of accounting, banking and risk management and presented papers in national and international seminars. His resent research studies include ?Basel-II andCredit Risk? and ?Mergers and Acquisitions in Banks? Jayadev was visiting faculty to ESCP-EAP, European School of Management, Paris. He was also member of consulting team and has undertaken projects in the areas of accounting, finance and banking for various national and international agencies Table Of Contents PART I: FUNDAMENTALS AND COST-ACCUMULATIONS SYSTEMS Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment Chapter 4 Process Costing and Hybrid Product-Costing Systems PART II: COST MANAGEMENT SYSTEMS, ACTIVITY-BASED COSTING, AND ACTIVITY-BASED MANAGEMENT Chapter 5 Activity-Based Costing Chapter 6 Activity-Based Management and Cost Management Tools PART III: PLANNING, CONTROL, AND COST MANAGEMENT SYSTEMS Chapter 7 Activity Analysis, Cost Behavior, and Cost Estimation Chapter 8 Cost-Volume-Profit Analysis Chapter 9 Profit Planning, Activity-Based Budgeting, and e-Budgeting Chapter 10 Standard Costing, Operational Performance Measures and the Balanced Scorecard Chapter 11 Flexible Budgeting and the Management of Overhead and Support Activity Costs Chapter 12 Responsibility Accounting, Quality Control and Environmental Cost Management Chapter 13 Investment Centers and Transfer Pricing PART: IV SELECTED TOPICS FOR FURTHER STUDY Chapter 14 Decision Making: Relevant Costs and Benefits Chapter 15 Target Costing and Cost Analysis for Pricing Decisions Chapter 16 Capital Expenditure Decisions PART: V SELECTED TOPICS FOR FURTHER STUDY Chapter 17 Absorption, Variable and Throughput Costing Chapter 18 Allocation of Support Activity Costs and Joint Costs Appendix I The Sarbanes-Oxley Act, Internal Controls, and Management Accounting Appendix II Compound Interest and the Concept of Present Value Appendix III Inventory Management References for In their Own Words Glossary Photo Credits Index of Companies and Organizations Index of Subjects