For undergraduate and MBA courses in management accounting.

Each of the text authors is both a scholar and a top consultant for Fortune 500 and smaller companies. As a result, they have a unique focus: to help students better understand management accounting topics, research, and issues from the perspective of a business manager.

Features

• NEW - Text Authorship--Authored by leading consultants, this text focuses on management accounting issues all business managers need to know instead of an encyclopedic presentation of management accounting topics.
  • The authors have worked closely with a developmental editor to enhance the readability, ensure evenness of level across chapters, eliminate duplication of material, and increase the quality of the assignment material.
• NEW - Chapter 9 on the Balanced Scorecard--This is the ONLY textbook available to offer authoritative, comprehensive, single-chapter treatment of this topic.
  • Explores the role of strategy maps in visualizing cause and effect linkages; how to translate mission, vision, and strategy statements into a BSC; common customer outcome measures; choosing objectives and measures for internal processes and employee capabilities; applying the BSC to the non-profit and public sector; using the BSC to implement strategy; and the five principles to becoming a Strategy-Focuses Organization.
• NEW - Reorganization of chapters; Chapters 1-3 are now re-written and revised into two new chapters:
  • Chapter 1--Management Accounting: Information that Creates Value.
  • Chapter 2--Cost management Concepts and Cost Behavior.
• NEW - Updated and revised chapter on Activity Based Cost Management Systems written by Bob Kaplan Chapter 4.
  • Presents a simpler and more accurate way for implementing ABC, a new treatment of measuring and managing customer profitability, an expanded treatment of activity-based management for process improvements, and a detailed comparison of costs from activity-based and traditional costing systems.
• NEW - Updated "In Practice" and "Technological Edge" boxes--Includes costing procedures at Dark Horse Comics; costs and revenues in the motion picture industry; sunk costs in baseball; and a pricing glitch in Amazon DVD store.
  • Provides current insights into today's changing business environment.
• NEW - Use of an extended example in Financial Control coverage--Chapter 12.
  • Helps introduce students to new material on ratio analysis--including common size statements, profitability, efficiency, financial leverage, liquidity, asset use, and market value ratios.