EBOOK: Management Accounting, 7e

Part 1: An introduction to management and cost accounting: cost terms, systems design and cost behaviour

1. Management accounting and the business environment
2. An introduction to cost terms, concepts and classifications
3. Cost behaviour: analysis and use
4. Job-order and service department costing
5. Process costing

Part 2: Information for decision making

1. Cost-volume-profit relationships
2. Profit reporting under variable costing and absorption costing
3. Performance measurement and reporting on segments
4. Activity-based costing
5. Relevant costs for decision making

Part 3: Planning and control

1. Standard costs and variance analysis
2. Flexible budgets and performance reporting
3. Profit planning and the role of budgeting
4. Capital investment decisions
5. Pricing and intra-company transfers

Part 4: Value metrics and performance management in a strategic context

1. Strategic management accounting and the balanced scorecard
2. Management control, risk and corporate governance
3. Business process management: towards the lean operation

Strategic perspectives on cost management

Management Accounting is a market-leading textbook that offers comprehensive coverage of cost and management accounting, understanding information for decision making, planning and controlling budgets and reporting, and understanding performance management in a strategic context. The much anticipated seventh edition places special emphasis on employability skills, and spotlights latest environmental, social and governance considerations. The book offers a balanced discussion of management accounting theory and practice and has been tailored specifically to courses across the UK and Europe. Retaining its student-friendly writing style and practical approach, it is the ideal text for students studying management accounting, from introductory through to advanced levels. Key Features: • Clear, user-friendly style • Focus on Practice boxes in every chapter illustrate precisely how management accounting theory affects companies, using examples from well-known companies and industry sectors. • Management Accounting in Action dialogues demonstrate topical issues in real world scenarios. • Chapter links throughout provide quick cross-referencing to show the connections between topics. • Review Questions designed to test you on material learned in a more formal style. New to this Edition: • Brand new Focus on Practice boxes based on the CGMA Competency Framework to showcase the variety of job roles within the field of accountancy, and to highlight key skills they may require. • Updated discussions and new sections on sustainability and corporate social responsibility, big data and data analytics, risk management post COVID-19, and graphing skills. • Fully updated questions, exercises, problems, and cases are categorized by level of difficulty to offer progressive learning for students. • Applying Excel Exercises have been expanded to further support student Excel skills Available on McGraw Hill’s Connect®, the well-established online learning platform, which features our award-winning adaptive reading experience as well as resources to help faculty and institutions improve student outcomes and course delivery efficiency. To learn more, visit mheducation.co.uk/connect