Designed for use in introductory or graduate-level managerial accounting courses, this text applies an objective-based approach to managerial accounting topics. Unlike traditional cost-accounting texts, Management Accounting emphasizes the critical role that information plays in decision making, strategy execution, and overall enhancement of a firm's value. Through problem-based learning and the business planning model (BPM), Management Accounting develops in students those competencies expected of today's business professionals. This innovative pedagogical approach stresses the understanding and application of the basic business process; risk assessment and its relation to business strategy; critical thinking, reasoning, and analysis; oral and written communication skills; and techniques for team building.
Table of contents :
Chapter 1.: Business Strategy and Management Accounting .
Chapter 2.: Business Processes in the Twenty-First Century
Chapter 3.: Evaluating Financial Performance
Chapter 4.: Business Processes and Risks
Chapter 5.: Planning Profitable Operations
Chapter 6.: Forecasting Tools and Techniques
Chapter 7.: Budgeting Fundamentals
Chapter 8.: Analyzing and Using Budgets
Chapter 9.: Performance Evaluation and Decision Making
Chapter 10.: Analyzing Costs at the Customer and Process Level
Appendix : Preparing and Presenting the Business Plan