DescriptionManagement Accounting 5e explains the contemporary role of management accounting in organisations - demonstrating how it creates and enhances value for shareholders.
Respected authors, a clear writing style and a wealth of features that reference the management accounting practices of real-life companies have made Management Accounting the most popular management accounting text in Australia.
The strategic and topical focus has been further developed and strengthened, new questions added, text-flow streamlined and extensive revisions of capital expenditure decisions, activity and target-based costings, corporate social responsibility, and supply chain management included. Students are given a thorough grounding in the principles and tools of management accounting and then walked through selected best-practice examples that leave them strongly placed to apply those principles themselves.
Key Features
# Strategic Focus and Coverage of Emerging Issues
# Additional material has been included on processes and techniques to improve value and support competitive advantage. A new running case study provides students with insight into the average day of management accountants and the strategic issues they face. There is a completely new chapter on environmental and social management accounting (Chapter 17) and new coverage of the service sector, with cases and examples that reflect the wide variety of service organisations in the marketplace.
# Active Learning
# The text contains extensive review questions, problems, exercises, cybersearch activities and real-life examples, allowing students to apply the principles they have learned and to gain a thorough grounding in the tools of management accounting. In response to market feedback, over 40 per cent of the end-of-chapter material is completely new or has been refreshed with new data.
Table of Contents
Part 1 Introduction to Management Accounting
1.Management accounting: information for creating value and managing resources
2.Management accounting: cost terms and concepts
Part 2: Costs and Costing Systems
3. Cost and costing systems
4. Product costing systems
5. Process costing and operation costing
6. Service costing
7. A closer look at overhead costs
8. Activity-based costing
Part 3: Information for Managing Resources
9. Budgeting systems
10. Standard costs for control: direct material and direct labour
11. Standard costs for control: flexible budgets and manufacturing overhead
12. Financial performance reports and transfer pricing
13. Financial performance measures for investment centres and reward systems
14. Contemporary approaches to measuring and managing performance
15. Suppliers and customers
16. Managing costs and quality
Part 4: Information for creating value
17. Sustainability and management accounting
18. Cost volume profit analysis
19. Information for tactical decisions
20. Pricing and product mix decisions
21. Information for capital expenditure decisions
Supplements
# Instructor CD to accompany Management Accounting
ISBN: 0074716131
Author(s): LANGFIELD-SMITH
# Vitalsource eBook: Management Accounting
ISBN: 0070158835
Author(s): LANGFIELD-SMITH
