Managerial Accounting: An Introduction to Concepts, Methods and Uses, 11th Edition

  • Michael W. Maher University of California - Davis
  • Clyde P. Stickney Dartmouth College
  • Roman L. Weil University of Chicago
  • ISBN-10: 1111571260
  • ISBN-13: 9781111571269
  • 640 Pages Hardcover 
  • Previous Editions: 2008, 2006, 2004
  • © 2012 | Published
  • College Bookstore Wholesale Price = $258.25 
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About The Solution

Overview

Prepare your MBA students to become successful managers, not just leading accountants, with the proven success of MANAGERIAL ACCOUNTING: AN INTRODUCTION TO CONCEPTS, METHODS AND USES, 11E. This edition effectively balances coverage of concepts, methods, and the uses of managerial accounting with a strong emphasis on management decision-making. Students focus on concepts and managerial uses of financial information, rather than simply perfecting the accounting techniques. This edition combines core managerial accounting concepts with the latest cutting-edge material that is relevant to all managers and decision makers. A continued emphasis on international issues prepares students for today's globalized business environment. This edition also highlights the strategic effects of decisions, ethics, and new management accounting trends to prepare students for the challenges of today's workplace. Numerous realistic examples and application problems help emphasize the skills most critical today including process improvement and integrating financial reporting issues within management decision-making. Students also learn to apply managerial accounting tools to the emerging service sector, government, and nonprofit organizations with new coverage of risk management and internal controls. Select MANAGERIAL ACCOUNTING, 11E to truly prepare your MBA students to be the successful managers they are meant to be.


Additional Product Information

Features/Benefits

  • Many analysis opportunities and emphasis on evaluation appear in the end-of-chapter applications, giving students higher-level thinking and decision-making practice needed for career success.
  • Suggested solutions to even-numbered exercises appear within the text to allow students to check their own progress and understanding.
  • Critical Analysis Questions encourage students to think beyond the standard answers and refine the critical thinking and cognitive skills important for management today.
  • Corporate Governance Appendix emphasizes Risk Management and Internal Controls, providing flexibility to cover these topics in the depth appropriate for the course goals.
  • Coverage of timely, relevant topics prepares students to deal with Corporate Governance, Internal Audits, Customer Profitability Analysis, Quality Performance Measures, Target & Kaizen Costing, and Marketing & Distribution Cost Analysis.
  • Chapter (12) on Corporate Governance and Incentive Issues prepares students to deal with the pressing topic of risk management.
  • Robust end-of-chapter materials provide a variety of practice necessary for critical skill development and guides students in effective review with Key Terms and Concepts, Summaries, and Learning Objectives.
  • Focus on self-study throughout the text provides students with ongoing opportunities to check their own comprehension with Problems for Self-Study Focus at key points within each chapter, solutions following the end of chapter materials, and answers to even-numbered exercises at the conclusion of each chapter.
  • Managerial Application Boxes highlight the latest trends and practices in managerial accounting today while emphasizing how students can apply key concepts. Managerial Application boxes use real company data and allow students to explore company practices that illustrate concepts discussed in the text. A complete list of the Managerial Applications is available in the Table of Contents.
  • Clear, logical organization of chapters groups cost systems chapters and managerial decision making chapters together for clearer understanding of topics such as budgeting, profit variances, and cost variances.
  • Strong coverage of international issues and uses of managerial accounting information throughout the world are clearly highlighted with an icon. The book emphasizes throughout the business reality of economic globalization and the need for managers to understand how cultural differences affect today's management decisions.
  • Strategic implications of management decision are emphasized to alert students of the intricacies of managerial accounting today and its importance for ongoing business success. For example, strategic economic analysis of the value chain for wine production appears in Chapter (1).
  • The coverage of ethics--always a historical strength of this book--prepares students for practicing accounting in today's business climate, where management faces increased scrutiny from investors, boards of directors, and regulators.
  • Coverage of Economic Value Added (EVA) in Chapter (12) compares EVA to cash-flow performance measures and discusses where the local culture makes EVA a more desirable or less desirable performance measure for incentive purposes. This focus comes as managers increasingly must identify and promote value-adding activities.
  • Focused coverage of activity-based budgeting in Chapter 10 prepares students for the increased use of this skill within today's business world.

What's New

  • New introduction to IFRS in Chapter (1) provides the proper context of global changes to accounting rules.
  • Expanded introduction to the value chain, as well as new problem material on this key topic.
  • New introduction to global strategies in Chapter One's coverage of modern production environment, along with new problem material on global strategies.
  • New Appendix 2.3 to Chapter (2) shows the flow of costs in manufacturing companies. Related new problem material is also included.
  • New and revised Managerial Applications update classic examples from actual companies.
  • A new end-of-chapter homework assignment has been written based on classroom testing and instructor feedback.

Table of Contents

PART I: OVERVIEW AND BASIC CONCEPTS.
1. Fundamental Concepts.
2. Measuring Product Costs.
3. Activity-Based Management.
PART II: MANAGERIAL DECISION MAKING.
4. Strategic Management of Costs, Quality, and Time.
5. Cost Drivers and Cost Behavior.
6. Financial Modeling for Short-Term Decision Making.
7. Differential Cost Analysis for Operating Decisions.
8. Capital Expenditure Decisions.
PART III: MOTIVATING MANAGERS TO MAKE GOOD DECISIONS.
9. Profit Planning and Budgeting.
10. Profit and Cost Center Performance Evaluation.
11. Investment Center Performance Evaluation.
12. Incentive Issues.
13. Allocating Costs to Responsibility Centers.
Appendix: Compound Interest Examples and Applications.
Compound Interest and Annuity Tables.
Glossary.
Index.

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: 1111571279 | ISBN-13: 9781111571276)

This all-in-one tool places all the resources needed to effectively plan and teach at your fingertips. Instructor's Manual: The Instructor' Manual, designed specifically for the needs of today's MBA instructors, contains all the resources needed to minimize class preparation time while maximizing the effectiveness of your teaching. Chapter overviews, learning objectives, lecture notes with teaching suggestions, and guides for group discussion all equip you with the tools for positive outcomes throughout your course. PowerPoint: Instructor's PowerPoint® slides bring lectures to life, providing additional clarity to the more complex managerial accounting issues within each chapter in the text. These slides, which are ideal as lecture tools, are also available on the text companion Website. Solutions Manual: The Solutions Manual offers the highest accuracy as it provides solutions for all end-of-chapter material. The Solutions Manual is available on the IRCD and on the text companion Website. Test Bank: The Test Bank in Word features the questions you need to efficiently assess your students' comprehension. ExamView®, the easy-to-use test creation software, contains all questions from the Test Bank, making it simple to customize tests to your specific class needs. Simply edit or create questions and store customized exams.


Meet the Author

About the Author

Michael W. Maher

Michael W. Maher, Ph.D., is Professor of Management and Accounting and Associate Dean for Faculty at the Graduate School of Management at the University of California, Davis. He received his bachelor's degree in accounting from Gonzaga University and his MBA and Ph.D. from the University of Washington (Seattle). He has experience in public accounting, has co-managed his own business, and consulted with numerous companies and governmental bodies. Dr. Maher is active in the Management Accounting Section of the American Accounting Association, including service as president. He has co-authored numerous books and published articles in numerous journals.

Clyde P. Stickney

Clyde P. Stickney is the Signal Companies' Professor of Management, Emeritus at the Amos Tuck School of Business Administration, Dartmouth College. He received his DBA from Florida State University and taught at the University of Chicago and the University of North Carolina at Chapel Hill before joining the Tuck School in 1977. He has also taught at business schools in Japan, Australia, Finland, and Germany. Prof. Stickney has authored and coauthored books on financial accounting, managerial accounting, and financial statement analysis.

Roman L. Weil

Roman L. Weil, Ph.D., CPA, is the V. Duane Rath Professor Emeritus of Accounting at the University of Chicago and has within recent years been Visiting Professor at the Haas School of the University of California, Berkeley; Carnegie Mellon University; Harvard Law School; Princeton University; and New York University. He has designed and implemented continuing education programs for partners at two of the large accounting firms and for employees at several operating corporations. Dr. Weil has co-authored dozens of books. His lay articles have appeared in Barron's and The Wall Street Journal. He has published more than 80 articles in academic and professional journals, most recently on financial literacy for corporate governance and on the exposure of wine snobbery.

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