Managerial Accounting: Decision Making and Performance Improvement (4e)

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.

Dedication
Introduction to the book for Instructors
About the authors
Acknowledgements
Introduction to the book for students

Part 1: Foundations
1        Cost behaviour
2        The difference between profit and cash

Part 2: Financial Management
3        Ratio analysis and financial management
4        Working capital management

Part 3: Decision Making
5        variable costing and breakeven analysis
6        Short-term decisions using variable costing
7        Short-term decisions using relevant costing
8        Capital investment appraisal for long-term decisions

Part 4: Product costing and pricing
9        Product costs using absorption costing
10      Product costs using activity-based costing
11      Comparison of profits under absorption and variable costing
12      Pricing your products
13      Divisional performance and transfer pricing

Part 5: Business Performance Management
14      Budgets and their creation
15      using budgets to control operations
16      Budgets, Behaviour and Beyond Budgeting
17      Balanced Scorecards
19      Performance Management Strategies

Glossary
Answers to end-of-chapter questions
Appendix: Not-for-Profit Organisations
Index

• A chapter on Performance Management Strategies, including Kaisen Costing, Environmental Management Accounting, Value Analysis/Engineering, and Total Quality Management
• New section on ‘using budgets to control operations’ (chapter 15)
• Not-for-profit organizations chapter now in appendix

• New content on performance management techniques, including Lean Production & Accounting, Six Sigma and Strategic Management Accounting
• New material on Environmental Management Accounting
• Additional coverage of how budgets can be used to control operations
• Comparison of Better Budgeting with Beyond Budgeting
• A comprehensive explanation of Balanced Scorecards and Performance Dashboards
• Updated ‘Manager’s Point of View’ boxes, featuring some new contributions

Ray Proctor has taught Management Accounting for over 30 years. During his career he has lectured at Coventry University, Oxford Brookes University and Warwick University.