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Managerial Accounting: The Cornerstone of Business Decision Making

By Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

8th Edition © 2023
Discipline:Accounting
Course:Management Accounting
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Demonstrate how managerial accounting is meaningful and relevant to your students with Mowen/Hansen/Heitger's MANAGERIAL ACCOUNTING: THE CORNERSTONE OF BUSINESS DECISION MAKING, 8E. This book's unique approach and updated content emphasize how managers use accounting today. Brief video clips, the latest examples and topical applications encourage a deeper understanding of managerial accounting and its implications for business. New data analytic discussions, examples and applications, clearly identified by margin icons, give you the flexibility to incorporate this important topic to the degree you desire -- from a high-level overview to a more in-depth focus. Every chapter demonstrates the relevance of data analytics by showing how real companies apply data analytics to that chapter’s topics. New questions, exercises and problems further connect data analytics to managerial accounting. CNOWv2 online resources are also available to support your instruction and student learning.

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Higher Education

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Higher Education

CNOWv2 for Mowen/Hansen/Heitger’s Managerial Accounting: The Cornerstone of Business Decision Making, 1 term Instant Access

With its engaging learning and assessment tools, CNOWv2 supports the entire student workflow, from motivation to mastery. For instructors, CNOWv2 provides control and customization with the opportuni…

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About this product

Demonstrate how managerial accounting is meaningful and relevant to your students with Mowen/Hansen/Heitger's MANAGERIAL ACCOUNTING: THE CORNERSTONE OF BUSINESS DECISION MAKING, 8E. This book's unique approach and updated content emphasize how managers use accounting today. Brief video clips, the latest examples and topical applications encourage a deeper understanding of managerial accounting and its implications for business. New data analytic discussions, examples and applications, clearly identified by margin icons, give you the flexibility to incorporate this important topic to the degree you desire -- from a high-level overview to a more in-depth focus. Every chapter demonstrates the relevance of data analytics by showing how real companies apply data analytics to that chapter’s topics. New questions, exercises and problems further connect data analytics to managerial accounting. CNOWv2 online resources are also available to support your instruction and student learning.

EXAMPLES AND ACTIVITIES TEACH STUDENTS TO SOLVE MANAGERIAL ACCOUNTING PROBLEMS. Clear, step-by-step examples and selected end-of-chapter activities are carefully linked to enable students to quickly gather the information necessary to solve managerial accounting problems. This approach enables readers to focus on the implications of the decision rather than only the associated calculations.

MASTERY PROBLEMS IN CNOWV2 BUILD STUDENTS’ KEY STRENGTHS AND SKILLS. Proven, scenario-based online exercises in CNOWv2 are designed to reinforce your students’ understanding of important concepts. Students strengthen their analytical skills as they work toward mastering critical concepts.

MANY "EXPERIENCE MANAGERIAL DECISIONS" CHAPTER-OPENING VIGNETTES OFFER ACCOMPANYING ONLINE VIDEOS. At the beginning of each chapter, students observe how familiar companies, such as Costco, Hard Rock Cafe, Cold Stone Creamery, UPS and Apple, use managerial accounting information to make better decisions. The chapter references the featured company throughout to emphasize the importance of managerial accounting concepts in the real world. Corresponding videos from the popular Experience Accounting Video Series in CNOWv2 online resources further support the vignettes.

"ETHICAL DECISIONS" FEATURES PREPARE STUDENTS TO MAKE INFORMED DECISIONS. To succeed in today’s business climate, students must be able to analyze business situations and make thoughtful ethical decisions. The text weaves "Ethical Decisions" features into each chapter to encourage students to develop these essential skills and consider the ethical implications of their actions in every situation.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Dedication
Section Content
New to this Edition
Acknowledgments and Thanks
About the Authors
Chapter 1. Introduction to Managerial Accounting*Preview this chapter
Chapter 2. Basic Managerial Accounting Concepts
Chapter 3. Cost Behavior and Forecasting
Chapter 4. Job-Order Costing and Overhead Application
Chapter 5. Activity-Based Costing and Management
Chapter 6. Process Costing
Chapter 7. Cost-Volume-Profit Analysis
Making the Connection: Integrative Exercise (Chapters 2, 3, and 7)
Chapter 8. Tactical Decision Making and Relevant Analysis
Chapter 9. Profit Planning and Flexible Budgets
Chapter 10. Standard Costing and Variance Analysis
Making the Connection: Integrative Exercise (Chapters 2, 3, 5, 9, and 10)
Chapter 11. Performance Evaluation and Decentralization
Chapter 12. Capital Investment Decisions
Making the Connection: Integrative Exercises (Chapters 3, 5, 8, and 12)
Chapter 13. Emerging Topics in Managerial Accounting
Chapter 14. Statement of Cash Flows
Chapter 15. Financial Statement Analysis
Show more

Chapter 1. Introduction to Managerial AccountingPreview this chapter ↗

The Meaning of Managerial Accounting
Preview this section ↗
Information Needs of Managers and Other Users ↗
Planning ↗
Controlling ↗
Decision Making ↗
Financial Accounting and Managerial Accounting
Preview this section ↗
Financial Accounting ↗
Managerial Accounting ↗
Comparison of Financial and Managerial Accounting ↗
Current Focus of Managerial Accounting
Preview this section ↗
New Methods of Costing Products and Services ↗
Data Analytics ↗
Customer Orientation ↗
Cross-Functional Perspective ↗
Total Quality Management ↗
Time as a Competitive Element ↗
Efficiency ↗
The Role of the Managerial Accountant ↗
Managerial Accounting and Ethical Conduct
Preview this section ↗
Ethical Behavior ↗
Company Codes of Ethical Conduct ↗
Standards of Ethical Conduct for Managerial Accountants ↗
Certification
Preview this section ↗
The Certified Management Accountant ↗
The Certified Public Accountant ↗
The Certified Internal Auditor ↗
Summary of Learning Objectives ↗
Key Terms ↗
Discussion Questions ↗
Multiple-Choice Questions ↗
Exercises ↗
Show more

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