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Focusing squarely on the needs of business and management students, Managerial Accounting for Business Decisions sets management accounting into a real world context, helping students to apply the theories they learn to management situations. This book will assist the reader in understanding the principles of management accounting and to master the numerical aspects of the subject. Suitable for any student taking a first course in management accounting.
Many corporate managers struggle to see the relevance of accounting in their everyday responsibilities. Weygandt shows them how managerial accounting information fits in the larger context of business so they are better able to understand the important concepts. The new Do It! feature reinforces the basics by providing quick-hitting examples of brief exercises. The chapters also incorporate the All About You (AAY) feature as well as the Accounting Across the Organization (AAO) boxes that highlight the impact of accounting concepts. With these features, readers will have numerous opportunities to think about what they have just read and then apply that knowledge to sample problems.
This is an introductory course in Management Accounting. This course covers the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Identified are the budgetary process and related performance evaluation techniques, cost-volume-profit relationship, product costing methods etc. Course Objectives: • To enable students to use basic Managerial Accounting principles and concepts, and how they relate to an economic unit. • To enable students to understand the role of budgeting in various business processes. • To provide students with practical skills in the use of accounting information within a business organization.
In order to survive in the changing business environment,organisations should rethink their strategic philosophy and the role of management accounting. The primary focus of this book is on techniques and concepts of cost and management accounting for strategic business decisions.It focuses on both conventional and contemporary issues.The book will serve as a reference source for practicing accountants, senior executives and managers working in human resources, operations, and accounting divisions. As the principal focus of this book is on conceptual foundations, it would also be ideal for courses in graduate programs such as master's degree, MBA or Executive MBA.
To best prepare tomorrow's managers for the realities of the business world, Managerial Accounting gives service organizations equal emphasis with manufacturing organizations. The text prepares a clear study of the basic approaches to decision-making using accounting data. The text emphasizes the managerial uses of accounting with the basics necessary to move into costing and decision-making. Incremental decision-making is presented as the core of decision-making in managerial accounting. The text also shows how information from the firm’s transactions systems is used for analysis and reporting to operating managers and executives for decision-making purposes. Throughout, the concept of managerial “common sense” decision-making is applied to a broad array of business decisions. A related discussion of capital investments decisions is also included. Leading-edge management accounting topics such as costs of quality, target and kaizen costing, activity analysis, cost allocation, cost estimation, capital budgeting, activity-based costing, and financial and non-financial performance measurement are also addressed.
Managerial Accounting teaches business students how to use accounting to make better decisions and improve performance. Engaging case studies and the popular ‘Manager’s Point of View’ boxes illustrate how concepts are applied in real world business situations. The latter add an extra dimension to your learning, as they are written by experienced practitioners of both management and accounting. With a minimum of technical language and a dedication to practical application, this popular text gives a refreshingly clear guide to management accounting.
Following a successful debut edition, this new Second Edition of Managerial Accounting for the Hospitality Industry builds on its strengths of clear organization and the ease with which students work through it. This new edition includes more basic math support for students and a more developed inclusion of ethical considerations and global changes both in accounting systems and in the hospitality industry.
Managerial Accounting: Tools for Business Decision Making, 9th Edition provides students with a clear introduction to the fundamental managerial accounting concepts needed for anyone pursuing a career in accounting or business. The primary focus of Managerial Accounting is to help students understand the application of accounting principles and techniques in practice through a variety of engaging resources and homework exercises. By connecting the classroom to the business world through real company examples, an emphasis on decision making, and key data analysis skills appropriate at the introductory level, students are better prepared as future professionals in today's business world.