Warren/Reeve/Duchac’s MANAGERIAL ACCOUNTING 14E provides the foundation in managerial accounting fundamentals that you need to succeed by clearly showing how accounting is important to business. Business examples and a unique chapter schema provide context for readers, demonstrating how each chapter’s content fits into the big picture, connecting fundamental concepts with real businesses. Additionally, MANAGERIAL ACCOUNTING 14E and CENGAGENOWv2™ provide students with a range of activities that address each stage of the learning process from motivation to mastery.
1. Introduction to Managerial Accounting.
2. Job Order Costing.
3. Process Cost Systems.
4. Activity-Based Costing.
5. Cost-Volume-Profit Analysis.
6. Variable Costing for Management Analysis.
7. Budgeting.
8. Evaluating Variances from Standard Costs.
9. Evaluating Decentralized Operations.
10. Differential Analysis and Product Pricing.
11. Capital Investment Analysis.
12. Lean Manufacturing and Activity Analysis.
13. Statement of Cash Flows.
14. Financial Statement Analysis.
Appendix A: Interest Tables.
Appendix B: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2015.
Glossary.
Index.
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Carl S. Warren
Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible visting with his five grandchildren (two sets of twins) and riding his motorcycle. Dr. Warren resides in Montana.
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James M. Reeve
Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Dr. Reeve taught full-time as part of the accounting faculty for twenty-five years after graduating with his PhD from Oklahoma State University. He presently teaches part-time at UT. His teaching efforts focused on Senior Executive MBA programs. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published more than forty articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Dr. Reeve plays golf and is involved in faith-based activities.
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Jonathan Duchac
Dr. Jonathan Duchac is the Wayne Calloway Professor of Accounting and Acting Associate Dean of Accounting Programs at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is an avid mountain biker and snow skier.
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UP-TO-DATE CONTENT REFLECTS THE LATEST DEVELOPMENTS IN THE FIELD. The authors carefully review each chapter in every new edition to ensure the latest updates, such as new FASB standards and new or emerging developments in managerial accounting today. For example, this edition includes a new managerial section on sustainability. In addition, all chapters are reviewed by Subject Matter Experts to further ensure the latest information is incorporated.
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NEW GRAPHIC SCHEMA PROVIDES A ROADMAP OF ACCOUNTING TO EMPHASIZE RELEVANCE AND BIG-PICTURE CONTEXT. A new schema opens each chapter and provides a "you are here" map to help students navigate course content. The schema shows how the concept the student is going to learn connects to the larger business and accounting picture.
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NEW "ANALYSIS FOR DECISION MAKING" PUTS PROCEDURES INTO CONTEXT: The end of each chapter includes this new section that uses real company illustrations to emphasize how businesses use accounting information to make decisions or evaluate the health of the company. Related Analysis for Decision Making assignments allow students to improve analytical skills using real world company data.
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NEW “WHY IT MATTERS” CONCEPT CLIPS IN CNOWv2 EXPOSE STUDENTS TO WHY MANAGERIAL ACCOUNTING MATTERS. Brief captivating video clips that expose students to why the concept is important and how the concept is used in the real world. This is especially helpful information for students who are not accounting majors. Concept Clips are assignable and gradable in CNOWv2.
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NEW "WHY IT MATTERS" FEATURES HIGHLIGHT HOW ACCOUNTING IMPACTS BUSINESS SUCCESS: New "Why It Matters" features help students connect managerial accounting information with its larger application to business decisions. These features use memorable examples from real companies to illustrate why accounting is so important.
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NEW "CHECK UP CORNER" OFFERS ADDITIONAL VISUAL EXPLANATIONS. To aid learning and encourage problem solving, "Check Up Corner" features provides an illustrated overview with call-out explanations. The call-outs further detail the steps in developing the solution. This feature helps students improve problem-solving skills and avoid common errors.
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NEW "LET'S REVIEW" HELP STUDENTS PREPARE FOR EXAMS: These new end-of-chapter features assist busy, distracted students in reviewing and studying for exams. Each "Let's Review" includes a summary of the chapter, multiple-choice questions, exercises, and a sample problem for students to practice and test themselves. Clear solutions are provided for all practice items. "Show Me How" problem demonstration videos and additional algorithmic practice opportunities are available within CengageNOW™v2 for the Exercises in the "Let's Review" Sections.
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ENHANCED REAL COMPANY INTEGRATION EMPHASIZES THE IMPORTANCE OF CONCEPTS IN BUSINESS: Each opener provides a brief description of a real company and demonstrates how it relates to the chapter content. New corresponding "Link to" features throughout the chapter revisit the company to clearly demonstrate how the chapter's concepts consistently apply to this real world business.
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REVISED END-OF-CHAPTER ASSIGNMENTS PROVIDE IMPORTANT HANDS-ON PRACTICE. Refined, meaningful review and applications at the end of each chapter include Discussion Questions, Brief Exercises, Exercises, Problems Series A and B, Analysis for Decision Making, and Take It Further exercises.
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AUTHOR WRITTEN END-OF-CHAPTER MATERIALS PROVIDE AN ACCURACY YOU AND YOUR STUDENTS CAN TRUST. The authors apply their vast experience to develop and revise this edition’s end-of-chapter materials. In addition, all end-of-chapter content is verified by dedicated Subject Matter Experts.
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SIMPLE-TO-COMPLEX PEDAGOGY ENSURES STUDENT COMPREHENSION. The book’s experienced authors use their own knowledge and input from leading accounting faculty to present a proven simple-to-complex pedagogy that facilitates student learning as they progress through the text. This edition’s Chapter 3 on Cost Process System is now revised to reflect this pedagogy.
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PRESENTATION STYLE APPEALS TO CONTEMPORARY LEARNERS: Built for today's students, the Warren/Reeve/Duchac presentation style provides content in a way that reflects how the current generation of students read and assimilate information. The authors use short/concise paragraphs and bullets, stepwise progression, and meaningful Illustrations and graphs to engage students and ensure retention.
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"SHOW ME HOW" VIDEOS IN CENGAGENOW™V2 CLARIFY PROCESSES: Created for the most frequently assigned end-of-chapter items, hundreds of "Show Me How" problem demonstrations provide a step-by-step model of a similar problem. Embedded tips and warnings help students avoid common mistakes and pitfalls, keeping them on track and reducing frustration. Identified by an icon in the text margins, "Show Me How" videos correspond to specific assignments in CengageNOW™v2 and offer ideal opportunities for self-study and review.
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"DYNAMIC EXHIBITS" IN CENGAGENOW™V2 DEMONSTRATE ACCOUNTING IN ACTION. These unique, interactive exhibits allow students to change variables in a scenario and see how a change ripples through the accounting system. Students see connections and relationships like never before. Clearly identified by icons in the text, Dynamic Exhibits are embedded within the eReader in CengageNOW™v2. They are assignable and gradable in CengageNOW™v2 and offer valuable tools for students to study and review.
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LEARNING OBJECTIVES GUIDE STUDENTS IN READING AND REVIEW. Carefully developed learning objectives specify what the student is expected to learn and apply. The learning objectives are also cross-listed within the major topics.
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REAL-WORLD COMPANY LINKS INTEGRATED THROUGHOUT EACH CHAPTER FURTHER FEATURE THE CHAPTER OPENING COMPANY. The real-world opening company introduced at the beginning of each chapter is linked to material throughout the chapter to emphasize the practical application of what students are learning. These links highlight examples of how the topic within the chapter affects or is applied by the opening company.
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EMPHASIS ON ETHICS FOCUSES ON PRACTICAL APPROACH. Actual ethical situations related to the chapter’s topics are integrated throughout each chapter. In some features, called Ethics: Do It, the situation illustrates a positive ethical response. In other features, called Ethics: Don’t Do It, the situation demonstrates a negative ethical response.
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ACCOUNTING EQUATIONS IN THE MARGIN CORRELATE TO SPECIFIC SECTIONS OF CHAPTER CONTENT. For each journal entry within a chapter, the accounting equation’s impact, positive or negative, on assets, liabilities, and stockholders’ equity appears in the margin.
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