Management and Cost Accounting,
12th Edition

Colin Drury, Mike E Tayles

ISBN-13: 9781473791244
Copyright 2024 | Published
896 pages | List Price: USD $68.50


Part 1: Introduction to MCA
1. Introduction to MA
2. An introduction to cost terms and concepts

Part 2: Cost accumulation for inventory valuation and profit measurement
3. Cost assignment
4. Process costing
5. Joint and by-product costing
6. Income effects of alternative cost accumulation systems

Part 3: Information for decision-making
7. Cost-volume-profit analysis
8. Measuring relevant costs and revenues for decision-making
9. Pricing decisions and profitability analysis
10. Activity-based costing
11. Decision-making under conditions of risk and uncertainty
12. Capital investment decisions: appraisal methods
13. Capital investment decisions: the impact of capital rationing, taxation, inflation and risk

Part 4: Information for planning, control and performance measurement
14. Management control systems
15. The budgeting process
16. Standard costing and variance analysis 1
17. Standard costing and variance analysis 2: further aspects
18. Divisional financial performance
19. Transfer pricing in divisionalized companies

Part 5: Strategic performance and cost management for value creation; digitalization, sustainability and the future of management accounting
20. Strategic performance management
21. Strategic cost management and value creation
22. Management accounting – current technologies and data analytics
23. Sustainability and environmental management accounting
24. Overview and challenges for the future

Part 6: Addendum: The application of quantitative methods to management accounting
25. Cost estimation and cost behaviour
26. Quantitative models for the planning and control of inventories

  • 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.

  • A new chapter on management accounting in the digital age including data analytics explains big data, AI, blockchain, robotic process automation and cryptocurrency.

  • Increased coverage of environmental management accounting and management control systems includes the changing landscape of the management accountant’s role.

  • Numerous new Real World Views on topics such as passenger delays at airports, food pricing and AI for accounting show accounting in practice in recognizable companies featuring Amazon, Apple, Netflix and easyJet.

  • Detailed 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.

  • Employability skills exercises in every chapter expand students’ practical IT and presentation skills for their future careers.

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.