Management and Cost Accounting,
11th Edition

Colin Drury, Mike E Tayles

ISBN-13: 9781473773615
Copyright 2021 | Published
880 pages | List Price: USD $69.75

Purchase Enquiry INSTRUCTOR’S eREVIEW COPY

Part I: Introduction to management and cost accounting
1. Introduction to management accounting
2. An introduction to cost terms and concepts

Part II: Cost accumulation for inventory valuation and profit measurement
3. Cost assignment
4. Accounting entries for a job costing system
5. Process costing
6. Joint and by-product costing
7. Income effects of alternative cost accumulation systems

Part III: Information for decision-making
8. Cost–volume–profit analysis
9. Measuring relevant costs and revenues for decision-making
10. Pricing decisions and profitability analysis
11. Activity-based costing
12. Decision-making under conditions of risk and uncertainty
13. Capital investment decisions: appraisal methods
14. Capital investment decisions: the impact of capital rationing, taxation, inflation and risk

Part IV: Information for planning, control and performance measurement
15. The budgeting process
16. Management control systems
17. Standard costing and variance analysis 1
18. Standard costing and variance analysis 2: further aspects
19. Divisional financial performance measures
20. Transfer pricing in divisionalized companies

Part V: Strategic performance and cost management and challenges for the future
21. Strategic performance management
22. Strategic cost management and value creation
23. Challenges for the future

Part VI: The application of quantitative methods to management accounting
24. Cost estimation and cost behaviour
25. Quantitative models for the planning and control of inventories
26. The application of linear programming to management accounting.

  • Colin Drury

    The late Colin Drury was at Huddersfield University from 1970 until his retirement in 2004, when he was awarded the title of Emeritus Professor. For the last 40 years, Professor Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his bestselling textbooks, which have been widely recommended by the main professional accounting bodies for their examinations. He was an active researcher throughout his career and his research had been published in around 100 professional and academic journals. In recognition for his contribution to accounting education and research, Drury received a lifetime achievement award by the British Accounting Association in 2009. Drury’s Flagship title Management and Cost Accounting was first published in 1985 and is now in its 11th edition. It established itself as one of the leading management accounting textbooks in EMEA. It is known, not just for its rigour and authority, but particularly for Drury’s down-to-earth style that reflected his background as a practising accountant before his involvement in academia.

  • Mike E Tayles

    Professor Mike Tayles holds the Emeritus Chair in Accounting and Finance at The University of Hull. During his career he has been a Visiting Professor at various universities internationally as well as the Head of Management Accounting and Programme Director of various Degree Programs. He has been an Examiner/Lead Marker for both the ACCA and CIMA. Mike Tayles is a Chartered Management Accountant with a first degree in mathematics and economics and a doctorate in contemporary management accounting practices. He has worked in various manufacturing industries, holding such positions as group management accountant and financial controller. Mike Tayles' research interests include management accounting practices, cost system design, activity-based cost management and developments in strategic management accounting, including quality and intellectual capital. He has presented papers at national and international conferences, published articles in professional and international academic journals and research reports. He has consulting and research experience in both manufacturing and service businesses.

  • New employability skills questions at the end of each chapter develop your students' practical IT and presentation skills for a future career in accounting as well as professional examinations.

  • Increased coverage of big data, the Internet of Things and AI explains new technologies and their implications for accounting professionals.

  • Numerous new ACCA and CIMA questions with solutions are included, considering new exam requirements of professional examination bodies.

  • Detailed international examples explain management accounting theory and practice step by step.

  • Updated, timely Real World Views bring accounting theory to life and introduce students to practical applications.

  • Extensive end-of-chapter questions with varying difficulty-levels reinforce the material covered and prepare your students for professional exams.

  • This title is available with MindTap, a flexible online learning solution that provides your students with all the tools they need to succeed, including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids and analytics to help you track their progress.

  • A fully updated companion website is available to support your course, including PowerPoint slides, a test bank, Instructor’s Manual, Teaching Notes, Solutions to Real-World Views and numerous case studies.

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.