Management Accounting for Business,
8th Edition

Colin Drury, Mike E Tayles

ISBN-13: 9781473778801
Copyright 2022 | Published
576 pages | List Price: USD $66.00


Part I. Introduction to Management and Cost Accounting
1. Introduction to management accounting
2. An introduction to cost terms and concepts

Part II. Information for Decision-making
3. Cost–volume–profit analysis
4. Measuring relevant costs and revenues for decision-making
5. Pricing decisions and profitability analysis
6. Capital investment decisions: appraisal methods

Part III. Cost Assignment
7. Cost assignment
8. Activity-based costing

Part IV. Information for Planning, Control and Performance
9. The budgeting process
10. Management control systems
11. Standard costing and variance analysis
12. Divisional financial performance measures
13. Transfer pricing in divisionalized companies

Part V. Strategic Performance and Cost Management, Value Creation and Challenges for the Future
14. Strategic performance management
15. Strategic cost management and value creation
16. Challenges for the future

  • 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 'Apply your Knowledge' exercises entrench key chapter concepts and invite students to apply core issues to accounting problems, such as sustainability, CSR, technology and ethics.

  • Increased coverage of big data, the Internet of Things and AI explains new technologies and their benefits to accounting and decision-making generally.

  • New review problems with solutions follow the latest requirements of professional examination bodies.

  • Timely and relevant Real World Views bring accounting theory to life and engage students with international practical applications.

  • New 'Apply your Knowledge' exercises entrench key chapter concepts and introduce students to practical applications of non-financial accounting issues in the workplace.

  • End-of-chapter questions with varying difficulty levels reinforce the material covered and prepare students for 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.