Managerial Accounting,
15th Edition

Carl Warren, William B. Tayler

ISBN-13: 9781337912020 | ISBN-10: 1337912026

Copyright 2020

| Published 2019

| 912 pages

List Price USD $274.95


Establish a strong foundation in the managerial accounting fundamentals that you need for business success with Warren/Tayler’s leading MANAGERIAL ACCOUNTING, 15E. Business examples provide a meaningful context as they demonstrate how each chapter’s content fits into the "big picture." The authors clearly connect fundamental accounting concepts to real businesses today. Each chapter begins with a real-world company opener that is linked to applicable content throughout the chapter. In addition, new Certified Management Accountant (CMA) exam questions prepare you for professional success, while Pathways Challenges help you hone critical-thinking skills. This edition also works seamlessly with online CNOWv2 resources to provide a range of activities that guide you through each stage of the learning process from motivation to mastery.

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Meet the Authors

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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 visiting with his five grandchildren (two sets of twins). Dr. Warren resides in Bozeman, Montana.

Dr. William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University (BYU). Dr. Tayler is an internationally renowned, award-winning accounting teacher and researcher. He has presented his work as an invited speaker at universities and conferences across the globe. Dr. Tayler earned a Ph.D. and a master’s degree at Cornell University, and a master’s and an undergraduate degree at Brigham Young University, graduating with honors. He teaches in BYU’s Executive M.B.A. Program and in BYU’s School of Accountancy, one of the top-ranked accounting programs in the world. Dr. Tayler has also taught at Cornell University and Emory University and has received multiple teaching awards. Dr. Tayler is a Certified Management Accountant and a consultant specializing in cost accounting, performance measurement, and incentive compensation. His work has been published in top journals, including Accounting Horizons, Accounting, Organizations and Society, The Accounting Review, Contemporary Accounting Research, Harvard Business Review, IMA Educational Case Journal, Journal of the American Medical Association-Internal Medicine, Journal of Accounting Research, Journal of Behavioral Finance, Journal of Finance, Journal of General Internal Medicine, Journal of Management Accounting Research, Review of Financial Studies and Strategic Finance. Dr. Tayler serves as an editor for Behavioral Research in Accounting and is on the editorial boards of The Accounting Review, Management Accounting Research and Accounting, Organizations and Society. He is also director of the Institute of Management Accountants Research Foundation.

  • NEW PATHWAYS CHALLENGES PROMPT INTEREST AND HIGHLIGHT CRITICAL THINKING. A Pathways Challenge in each chapter encourages student interest in accounting and emphasizes the critical thinking aspects of managerial accounting. A suggested answer to the Pathways Challenge is provided at the end of the chapter. This feature corresponds with the Pathways Commission's recommendations included in Charting a National Strategy for the Next Generation of Accountants.
  • NEW CERTIFIED MANAGEMENT ACCOUNTANT (CMA) EXAMINATION QUESTIONS PREPARE READERS FOR SUCCESS ON THE EXAM. These new questions appear in the end-of-chapter materials for each managerial chapter. The questions, adapted from past CMA exams, correspond with the chapter's content. The CMA is a global management accounting certification administered by the Institute of Management Accountants (IMA) that has more than 100,000 members worldwide.
  • TWO NEW CHAPTERS ADDRESS PRIORITY MANAGERIAL ACCOUNTING ISSUES. New coverage of support department and joint cost allocation appears in Chapter 5. A new Chapter 14, "The Balanced Scorecard and Corporate Responsibility," discusses the Balanced Scorecard in-depth with a detailed example of the development of a Balanced Scorecard for Cordier Toys, Inc. The chapter concludes with a discussion of Corporate Social Responsibility (CSR), including sustainability initiatives and how to incorporate CSR into a Balanced Scorecard.
  • PRESENTATION STYLE APPEALS TO CONTEMPORARY LEARNERS. Built for today's students, this edition presents content in an appealing presentation style that reflects how the current generation of students reads and assimilates information. Short paragraphs, concise bullets, stepwise progression, and meaningful Illustrations and graphs engage students and ensure retention.
  • 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.
  • AUTHORS EMPHASIZE ETHICS WITH FOCUS ON PRACTICAL APPROACH. Actual ethical situations related to the chapter’s topics are integrated throughout each chapter. In "Ethics: Do It" features, the situation illustrates a positive ethical response, while "Ethics: Don’t Do It" features demonstrate a negative ethical response.
  • SIMPLE-TO-COMPLEX STUDENT-FOCUSED LEARNING FEATURES ENSURE COMPREHENSION. The book’s authors integrate their own business experience and professional knowledge with input from leading accounting faculty. This edition presents a proven simple-to-complex pedagogy that facilitates student learning as readers progress through the text.
  • AUTHOR-WRITTEN END-OF-CHAPTER MATERIALS PROVIDE AN ACCURACY YOU AND YOUR STUDENTS CAN TRUST. The authors apply their vast teaching and business experience to developing and revising this edition’s end-of-chapter materials. In addition, all end-of-chapter content is verified by dedicated Subject Matter Experts to further ensure accuracy.
  • LINKS AND REFERENCES INTEGRATED THROUGHOUT EACH CHAPTER FEATURE THE REAL-WORLD COMPANY THAT OPENS THE CHAPTER. The company highlighted at the beginning of each chapter is linked to material throughout the chapter, further emphasizing the practical application of the managerial accounting principles students are learning. These links exemplify how the specific topic affects or is applied by the opening company.
  • SHOW ME HOW VIDEOS IN CNOWv2 CLARIFY PROCESSES. Created for the most frequently assigned end-of-chapter items, hundreds of Show Me How problem demonstrations provide step-by-step models of similar problems. Embedded tips help students avoid common mistakes and pitfalls to reduce frustration. Show Me How videos, identified by icons in the text margins, correspond to specific assignments in CNOWv2 and offer ideal opportunities for self-study and review.

Table of Contents

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1. Introduction to Managerial Accounting.
2. Job Order Costing.
3. Process Cost Systems.
4. Activity-Based Costing.
5. Support Department and Joint Cost Allocation.
6. Cost-Volume-Profit Analysis.
7. Variable Costing for Management Analysis.
8. Budgeting.
9. Evaluating Variances from Standard Costs.
10. Evaluating Decentralized Operations.
11. Differential Analysis and Product Pricing.
12. Capital Investment Analysis.
13. Lean Manufacturing and Activity Analysis.
14. The Balanced Scorecard and Corporate Social Responsibility.
15. Statement of Cash Flows.
16. Financial Statement Analysis.
Appendix A: Interest Tables.
Appendix B: Nike Inc., Form 10-K

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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Pricing Options

Managerial Accounting

  • ISBN-10: 1337912026
  • ISBN-13: 9781337912020

Price USD$ 274.95

eBook: Managerial Accounting 12Months

  • ISBN-10: 8000031256
  • ISBN-13: 9788000031255

Price USD$ 74.49

CNOWv2: Managerial Accounting 12Months

  • ISBN-10: 133768029X
  • ISBN-13: 9781337680295

Price USD$ 145.00


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