Managerial Accounting, 10th Edition

  • Susan V. Crosson Emory University
  • Belverd E. Needles DePaul University
  • ISBN-10: 1133940595
  • ISBN-13: 9781133940593
  • 640 Pages Hardcover 
  • Previous Editions: 2011, 2008, 2005
  • © 2014 | Published
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About The Solution

Overview

Crosson/Needles' MANAGERIAL ACCOUNTING continuously evolves to meet the needs of today's learner. This edition's new structure is based on research about how to best deliver content to students and how to mirror the way instructors have told us they teach. The chapters have been organized into a Three Section Approach, which helps students more easily digest the content. The first section is Concepts and focuses on the overarching accounting concepts that require consistent reiteration throughout the course. With a clear understanding of the concepts, students can proceed to the second section--Accounting Applications. Here, students practice the application of accounting procedures with features like "Apply It!". Finally, students move to section three, Business Applications. This section illustrates how concepts and procedures are used to make business decisions. Real company examples are used throughout the chapter to show students the relevance of accounting. This logical progression through the material is further supported in the online environment in CengageNOW with TriLevel Problems. These problems mirror the Three Section Approach and connect the sections to facilitate a more complete understanding. These substantial changes will make students more efficient learners and prepare them to face a business world that is increasingly complicated by ethical issues, globalization, and technology.


Additional Product Information

Features/Benefits

  • CHAPTER BOOKENDS: Each chapter opens with a Business Insight that shows how a small company would use accounting information to make decisions. The Business Insight poses three questions—each of which will be answered in one of the three sections of the chapter. At the end of each chapter, a NEW TriLevel Problem revisits the Business Insight company and answers the questions posed there to tie the three sections together.
  • APPLY IT!: Every learning objective within each chapter has an "Apply It!" feature that illustrates and solves a short exercise and then references end-of-chapter assignments where students can go to “Try It!”. This provides students with an example to reference as they are working to complete homework, making getting started less intimidating.
  • CENGAGENOW: CengageNow is an easy-to-use online homework solution that helps students study in less time to get the grade they want. CengageNOW has been updated with new content and assignment types.

What's New

  • NEW THREE SECTION APPROACH: The authors have organized this edition into a new Three Section approach: 1. The CONCEPTS section focuses on the overarching accounting concepts that require consistent reiteration throughout the course. 2. The ACCOUNTING APPLICATIONS section helps students apply the accounting procedures with features like "Apply It!". 3. The BUSINESS APPLICATIONS section illustrates how concepts and procedures are used to make real-world business decisions.
  • NEW CONTENT COVERAGE: This edition now includes coverage of the statement of cash flows in Chapter 13.
  • SIMPLIFIED COMPLEX ACCOUNTING TOPICS: Extra care has been taken to clarify the topics students struggle with most by using simple language; setting equations, formulas, and steps apart for easier student reference; and revising exhibits. In addition, wherever possible, detailed information has been made more concise by shortening paragraphs and breaking sentences into bulleted lists.
  • IMPROVED END-OF-CHAPTER ASSIGNMENTS: Based on market and syllabi research for introductory accounting courses, the following changes have been made to end-of-chapter assignments: Added new discussion questions. Added more Short Exercises. Added new B Set for the Exercises (available online). Added new check figures to the margins for Problems, where applicable. Added more Alternate Problems. Added labels for the cases to make it easier to identify appropriate assignments. Updated end-of-chapter assignments with new numbers and current data, where applicable.
  • NEW TRILEVEL PROBLEMS IN CENGAGENOW: TriLevel Problems in CengageNOW follow the Three Section Approach of the chapter by including Concepts, Accounting Applications and Business Applications. The problems reinforce and apply overarching concepts while also tying the three sections together to give students a more complete understanding.
  • NEW ANIMATED ACTIVITIES: Animated Activities in CengageNOW are videos that guide students through selected core topics using a realistic company to illustrate how the concepts relate to the everyday activities of a business. Animated Activities are assignable or available for self-study and review.
  • NEW BLUEPRINT PROBLEMS: In CengageNOW, these problems cover the primary learning objectives and help students understand the fundamental accounting concepts and their associated building blocks--not just memorize the formulas or journal entries required for a single concept. Blueprint Problems include rich feedback and explanations, providing students with an excellent learning resource. These comprehensive problems tie concepts together and support reinforcement of core accounting fundamentals.
  • NEW BLUEPRINT CONNECTIONS: Blueprint Connections in CengageNOW build on concepts covered and introduced in the Blueprint Problems. These scenario-based, interactive exercises help reinforce students' knowledge of the concepts and strengthen their analytical skills.
  • NEW "CHECK MY WORK" FEEDBACK: Written feedback is now available when students click "Check My Work" in CengageNOW to provide valuable guidance as they work through homework items.

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  • Looseleaf Edition
    ISBN-10: 1285441982 | ISBN-13: 9781285441986

Table of Contents

1. Managerial Accounting and Cost Concepts.
2. Costing Systems: Job Order Costing.
3. Costing Systems: Process Costing.
4. Value-Based Systems: Activity-Based Costing and Lean Accounting.
5. Cost-Volume-Profit Analysis.
6. The Budgeting Process.
7. Flexible Budgets and Performance Analysis.
8. Standard Costing and Variance Analysis.
9. Short-Run Decision Analysis.
10. Capital Investment Analysis.
11. Pricing Decisions, Including Target Costing and Transfer Pricing.
12. Quality Management and Measurement.
13. The Statement of Cash Flows.
Supplement to 13. The Direct Method of Preparing the Statement of Cash Flows.
14. Financial Statement Analysis.
Appendix A. Present Value Tables.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor's Resource CD-ROM  (ISBN-10: 1285418875 | ISBN-13: 9781285418872)

Place all of the key teaching resources you need at your fingertips with this all-in-one source. Find everything you need to plan, teach, grade and assess student understanding and progress. This CD includes the Solutions Manual, B Set Exercises and Solutions, Instructor's Manual, Test Bank in Word and ExamView®, Instructor and Student PowerPoint® slides, and Experience Accounting Video Integration Guide.


Solutions Manual, Chapters 15-26  (ISBN-10: 113393725X | ISBN-13: 9781133937258)

Author-written and carefully verified multiple times to ensure accuracy and consistency with the text, the Solutions Manual contains answers to the discussion questions, short exercises, exercises, problems, and cases that appear in the text in Excel format. These solutions help you easily plan, assign and efficiently grade assignments. Available on the Instructor's Resource CD and website.


Instructor's Manual, Chapters 15-26  (ISBN-10: 1133939279 | ISBN-13: 9781133939276)

This manual contains a number of resources designed to aid instructors as they prepare lectures, assign homework, and teach in the classroom.


Test Bank, Chapters 15-26  (ISBN-10: 1133940617 | ISBN-13: 9781133940616)

The test bank provides more than 2,000 true/false, multiple-choice, short essay, and critical-thinking questions--as well as exercises and problems--which test students' ability to recall, comprehend, apply, and analyze information. All questions are tagged according to learning objective, level of difficulty, Bloom's Taxonomy, time of completion (when more than 5 minutes), IMA, ACBSP and other business program standards


CengageNOW on Blackboard® Instant Access  (ISBN-10: 1133945503 | ISBN-13: 9781133945505)

Ensure that your students have the understanding they need of accounting procedures and concepts they need to know with CengageNOW. This integrated, online course management and learning system combines the best of current technology to save to time in planning and managing your course and assignments. You can reinforce comprehension with customized student learning paths and efficiently test and automatically grade assignments with reports that correspond to AACSB and AICPA. This online instant access code allows students to access CengageNOW on the BlackBoard platform.


CengageNOW Instant Access  (ISBN-10: 1285418743 | ISBN-13: 9781285418742)

Ensure that your students have the understanding they need of accounting procedures and concepts they need to know with CengageNOW. This integrated, online course management and learning system combines the best of current technology to save to time in planning and managing your course and assignments. You can reinforce comprehension with customized student learning paths and efficiently test and automatically grade assignments with reports that correspond to AACSB and AICPA standards. This online instant access code allows students to access CengageNOW. For your convenience, CengageNOW is also compatible with WebCT® and Blackboard®. For more information, visit cengage.com/cengagenow.


Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access  (ISBN-10: 1133948340 | ISBN-13: 9781133948346)


CengageNOW with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access  (ISBN-10: 1285418816 | ISBN-13: 9781285418810)


Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

CengageNOW on Blackboard® Instant Access  (ISBN-10: 1133945503 | ISBN-13: 9781133945505)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want. This integrated system helps you efficiently manage and complete homework assignments from the text. Take pre-tests to determine the areas that require more practice and direct you to review tutorials, demonstration exercises, videos, eBook content, and fun accounting games to help learn the material, and get feedback on post-tests that check your comprehension afterwards. This online instant access code allows access to CengageNOW on the BlackBoard platform.


CengageNOW Instant Access  (ISBN-10: 1285418743 | ISBN-13: 9781285418742)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want. This integrated system helps you efficiently manage and complete homework assignments from the text. Take pre-tests to determine the areas that require more practice and direct you to review tutorials, demonstration exercises, videos, eBook content, and fun accounting games to help learn the material, and get feedback on post-tests that check your comprehension afterwards. This online instant access code allows access to CengageNOW.


Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access  (ISBN-10: 1133948340 | ISBN-13: 9781133948346)

Successfully complete your accounting writing assignments with Write Experience 2.0. This innovative system scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.


CengageNOW with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access  (ISBN-10: 1285418816 | ISBN-13: 9781285418810)

Succeed in your accounting course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.


Meet the Author

About the Author

Susan V. Crosson

Susan V. Crosson received her B.B.A. degree in economics and accounting from Southern Methodist University and her M.S. degree in accounting from Texas Tech University. She is currently teaching in the Goizueta Business School at Emory University in Atlanta, Georgia. Until recently, she was the Accounting Faculty Lead and Professor at Santa Fe College in Gainesville, Florida. She has also been on the faculty of the University of Florida; Washington University in St. Louis; University of Oklahoma; Johnson County Community College in Kansas; and Kansas City Kansas Community College. She is internationally known for her YouTube accounting videos as an innovative application of pedagogical strategies. In recognition of her professional and academic activities, she was a recipient of the Outstanding Service Award from the American Accounting Association (AAA), an Institute of Management Accountants’ Faculty Development Grant to blend technology into the classroom, the Florida Association of Community Colleges Professor of the Year Award for Instructional Excellence, and the University of Oklahoma’s Halliburton Education Award for Excellence. Currently, she serves as President of the Teaching, Learning, and Curriculum section of the AAA. Recently, she served as a Supply Chain Leader for The Commission on Accounting Higher Education which published “Pathways to a Profession” Charting a National Strategy for the Next Generation of Accountants. She has also served on various committees for the AICPA, Florida Institute of CPAs, and the Florida Association of Accounting Educators.

Belverd E. Needles

Belverd E. Needles, Jr., received his BBA and MBA degrees from Texas Tech University and his PhD degree from the University of Illinois at Urbana-Champaign. He teaches financial accounting, managerial accounting, and auditing at DePaul University, where he is an internationally recognized expert in international accounting and education. He has published in leading journals and is the author or editor of more than 20 books and monographs. His current research relates to international financial reporting, performance measurement, and corporate governance of high-performance companies in the United States, Europe, India, and Australia. His textbooks are used throughout the world and have received many awards, including (in 2008) the McGuffey Award from the Text and Academic Authors Association. Active in many academic and professional organizations, he is immediate past vice president-education of the American Accounting Association. He received the Distinguished Alumni Award from Texas Tech University, the Illinois CPA Society Outstanding Educator Award and its Life-Time Achievement Award, the Joseph A. Silvoso Faculty Award of Merit from the Federation of Schools of Accountancy, the Ledger & Quill Award of Merit, and the Ledger & Quill Teaching Excellence Award. He was named Educator of the Year by the American Institute of CPAs, Accountant of the Year for Education by the national honorary society Beta Alpha Psi, and Outstanding International Accounting Educator by the American Accounting Association. He received the Excellence in Teaching Award from DePaul University.