MANAGERIAL ACCOUNTING, 7E makes teaching and learning managerial accounting meaningful, fun, and relatable for both you and your students. This edition has been revised with an emphasis on showing students “Here’s How It’s Used.” This unique learning approach along with new brief video clips and relevant examples encourages and enables students to develop a deeper understanding of managerial accounting and its implications for business. Additionally, a new organization logically progresses from why managerial accounting is important, to what it is, to where the information comes from, and how it is best used to make business decisions. Students even explore emerging topics of interest to them, such as sustainability, quality cost, lean accounting, international issues, enterprise risk management, and forensic and fraud accounting.
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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“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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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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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.