Managerial accounting plays an essential role in helping today’s managers make effective business decisions for their companies. Now MANAGERIAL ACCOUNTING, 7E shows you how. With a focus on “Here’s How It’s Used,” this book makes managerial accounting meaningful, fun, and relevant to your life and business today. The book highlights exciting companies using relatable examples and scenarios throughout the book. You learn why managerial accounting is important, what it is, where managerial information comes from and how it is best used to make strong business decisions. You even explore emerging topics, such as sustainability, quality cost, lean accounting, international accounting, enterprise risk management, and forensic and fraud accounting. Accompanying videos and online materials help you understand and appreciate how managerial accounting is useful in both your professional and personal life.
WHY Is Managerial Accounting Important?
1. Introduction to Managerial Accounting.
2. Basic Managerial Accounting Concepts.
WHAT Is Managerial Accounting?
3. Cost Behavior, Cost Forecasting, and Segmented Income Statements.
WHERE Does Managerial Accounting Come From?
4. Job-Order Costing and Normal Cost (Overhead Application).
5. Activity-Based Costing and Management
6. Process Costing.
HOW Is Managerial Accounting USED for Decision Making?
7. Cost-Volume-Profit Analysis.
8. Tactical Decision-Making and Relevant Costing.
9. Profit Planning and Flexible Budgets.
10. Standard Costing and Variance Analysis.
11. Performance Evaluation and Decentralization.
12. Capital Investment Decisions.
13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, The Managerial Accountant in Forensic/Fraud Accounting
14. Statement of Cash Flows.
15. Financial Statement Analysis.
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Maryanne M. Mowen
Dr. Maryanne M. Mowen is associate professor of accounting emerita at Oklahoma State University. She received her Ph.D. from Arizona State University. With degrees in economics and history, she brings a unique interdisciplinary perspective to teaching and writing in both cost accounting and management accounting. Her research interests include management accounting, behavioral decision theory and Sarbanes-Oxley compliance. She also teaches an ethics course about the impact of Sarbanes-Oxley on the accounting profession. Dr. Mowen has published articles in journals such as Decision Science, Journal of Economic Psychology and Journal of Management Accounting Research. She has also served as a consultant to mid-sized and Fortune 100 companies and works with corporate controllers on management accounting issues. She advises entrepreneurs and nonprofit organizations. Outside the classroom, she enjoys hiking, travelling, reading mysteries and solving crossword puzzles.
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Don R. Hansen
Dr. Don R. Hansen is professor emeritus at Oklahoma State University. He has an undergraduate degree in mathematics from Brigham Young University. He received his Ph.D. from the University of Arizona. Dr. Hansen has published articles in both accounting and engineering journals, including The Accounting Review, The Journal of Management Accounting Research, Accounting Organizations and Society, Accounting Horizons and IIE Transactions. He has also served on the editorial board of The Accounting Review. His outside interests include family, church activities, reading, movies and watching sports.
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Dan L. Heitger
Dr. Dan L. Heitger is the Deloitte Professor of Accounting and co-director of the William Isaac & Michael Oxley Center for Business Leadership at Miami University. He received his Ph.D. from Michigan State University and his undergraduate degree in accounting from Indiana University. He actively works with executives and students to innovate, develop and teach courses in managerial accounting, managerial accounting, performance measurement, business sustainability, risk management, stakeholder management and corporate governance. He co-founded an organization that provides executive education for large international organizations. His interactions with business professionals, through executive education and the center, allow him to bring a current and real-world perspective to his writing. His research has appeared in Harvard Business Review, Behavioral Research in Accounting, Accounting Horizons, Issues in Accounting Education, Journal of Accountancy, Journal of Accounting and Public Policy and Management Accounting Quarterly. His outside interests include hiking with his family in the national park system.
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NEW ANIMATED “HERE’S HOW IT’S USED” CONCEPT CLIPS INSTANTLY ENGAGE STUDENTS. These brief captivating video clips use a visual approach to clarify and help students understand the chapter’s most important or challenging concepts, such as equivalent units of production, and overhead application.
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NEW “HERE’S HOW IT’S USED” EXAMPLES OFFER DIRECT, FUN AND RELATABLE APPLICATIONS. These intriguing, practical examples relate chapter concepts to: the student’s own life, small businesses, sustainable enterprise data analytics and the actual companies from the chapter-opening scenarios. Examples are also drawn from, Kicker, the actual car stereo company used to illustrate a managerial accounting throughout the text.
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NEW ORGANIZATION OFFERS LOGICAL PROGRESSION. Content flows from WHY managerial accounting is important to WHAT it is, to WHERE managerial accounting information comes from and, HOW it is used in decision making. For example, Absorption and Variable Costing are now explained in the Cost Behavior chapter. Flexible budgeting is in the profit planning chapter and overhead variances are in the standard costing chapter for a focused discussion in a text ideal for one semester. You will find greater flexibility as the first four chapters cover key content for the variety of topics that follow.
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NEW CHAPTER 15 ADDRESSES EMERGING TOPICS IN MANAGERIAL ACCOUNTING. Students are introduced to the managerial implications of issues of high interest to them. These topics include sustainability, quality cost, lean accounting, international issues, enterprise risk management, and the role of the managerial accountant in forensic/fraud accounting.
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NEW BRIEF EXERCISES OFFER A VARIETY OF VALUABLE STUDENT PRACTICE. These new exercises at the end of each chapter provide both an “A Set” and a “B Set” for your increased flexibility in making assignments.
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NEW SHORT SELF-TEST QUIZZES ENSURE STUDENT COMPREHENSION. These brief quizzes at the end of each chapter section let students assessing their learning and progress.
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NEW CengageNOW™v2 PROVIDES THE CONTROL AND CUSTOMIZATION YOU NEED TO IMPROVE OUTCOMES. This updated online tool contains a practice test for each chapter, allowing students to practice their ability to apply accounting concepts in a non-threatening environment. CengageNOW™v2 gives them more confidence as they take exams.
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UPDATED ALGORITHMIC ADAPTIVE STUDY PLAN. All quantitative questions in the ASP were converted to algorithms, allowing even more variability in each student’s unique assessment.
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UPDATED EXCEL ONLINE PROBLEMS. Over 30 Excel Online problems (with accompanying Show Me How videos) were added to the Mowen CNOWv2 course. Now you can expose students to Excel Online without worrying about teaching Excel or dealing with problems around student access and version!
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UPDATED AUTHOR UPDATED TEST BANK. The authors extensively revised the test bank to better reflect the content of the current edition. In addition, over 750 fill-in-the-blank and Accounting style problems were added to the CNOWv2 test bank.
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EXAMPLES AND ACTIVITIES TEACH STUDENTS TO SOLVE MANAGERIAL ACCOUNTING PROBLEMS. Clear, step-by-step examples and selected end-of-chapter activities are now carefully linked to enable students to quickly gather the information necessary to solve managerial accounting problems efficiently. This approach enables readers to focus on the implications of the decision rather than calculations.
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MASTERY PROBLEMS IN CENGAGENOW™V2 INCREASE STUDENTS’ KEY STRENGTHS AND SKILLS. These proven, scenario-based exercises are designed to help reinforce your students’ knowledge of important concepts. Students, strengthen their analytical skills as they, demonstrate mastery of critical concepts.
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“EXPERIENCE MANAGERIAL DECISIONS” VIGNETTES OPEN EACH CHAPTER WITH ACCOMPANYING VIDEOS IN CENGAGENOW™V2. Students see how familiar companies, such as Hard Rock Cafe, Cold Stone Creamery, Washburn Guitars, Google, Apple, and more, use accounting information to make better decisions. The chapter references the featured company throughout to emphasize the importance of managerial accounting concepts in the real world. Corresponding videos from the popular Experience Accounting Video Series further support the vignettes.
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“ETHICAL DECISIONS” FEATURES PREPARE STUDENTS TO MAKE INFORMED DECISIONS. To succeed in today’s business climate, students must be able to analyze business situations and make thoughtful ethical decisions. The text weaves “Ethical Decisions” features throughout each chapter to encourage students to develop these essential skills and consider the ethical implications of their actions in every situation.
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Instructor’s Solutions Manual for Mowen/Hansen/Heitger’s Managerial Accounting: The Cornerstone of Business Decision-Making, 7th
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VitalSource eBook: Managerial Accounting 12 Months
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