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Management and Cost Accounting, 8th edition

Published by Pearson (March 24, 2023) © 2023

  • Alnoor Bhimani The London School of Economics and Political Science
  • Srikant M. Datar Harvard University
  • Charles Horngren Edmund W. Littlefield Professor Emeritus of Accounting at Stanford University
  • Madhav V. Rajan Stanford University

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Familiarise your students with the real business world and the principal management accounting techniques.

Management and Cost Accounting is the ideal textbook to support your teaching as you introduce your students to the concepts and practices of the discipline.

This latest edition retains its international focus with its wealth of case studies presenting companies from around the world, and a range of examples and real-life applications to support your students' learning.

With updated content covering aspects such as the application of new technologies and a fresh look at sustainability practices, this text will offer your students the resources they need for their course and future career.

Hallmark features of this title

Incorporates the latest concepts and practices, offering students a learning package that brings the subject to life

  • A wide range of examples from real organisations expand your students's understanding of how managers around the globe use techniques, make decisions and put strategies into action.
  • A contemporary approach to the role of management accountants emphasises their part in the strategic decision-making of a business, and their work in the context of achieving wider business goals.
  • The comprehensive content and features help your students link theoretical knowledge to recent developments, including the impact of digitalisation and application of newer technologies such as AI, automation, blockchain systems, and the Internet of Things.

New and updated features of this title

Rich chapter-by-chapter features help your students develop understanding and practise essential management accounting techniques

  • Professional accountancy practice exercises and end-of-chapter questions provide opportunities to reinforce learning and develop exam ability.
  • Harvard Business School and other cutting-edge case studies illustrate how management accounting is deployed in enterprises across locations and situations

New content interspersed throughout the book lays emphasis on the most recent developments regarding environmental sustainability.

  • Sustainability practices are now given more space with new examples, covering topics such as renewable energy and the significance of organisations' initiatives to improve sustainability and lessen environmental impact.

The introduction of several new boxes shows the application of concepts in the real business world.

  • A range of new real-life applications in the Concepts in Action boxes shows how managers use essential accounting techniques in the business world.

Features of MyLab® Accounting for the 8th Edition

MyLab is the learning platform that allows instructors to reach every student with powerful self-study material and assessments.

With over 100 new exercises added to this edition, MyLab is the online homework, practice, and study environment.
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  • Auto-graded Excel Project Questions: Allow your students to get hands-on practice with spreadsheets by seamlessly integrating Microsoft® Excel® content into your course.
A series of interactive materials connect theory with practice.
  • Four new short videos can be used within teaching to consolidate your students's understanding or support self-study and revision.
  • Real accounting case studies and two business scenarios help students link theory with real-world applications.
  • Reporting Dashboard: View, analyse and report learning outcomes, and keep your students on track.
  • Learning Catalytics: The student response tool, that uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking, fostering engagement and peer-to-peer learning.

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Features of Pearson eTextbook for the 8th Edition

Available only with MyLab Accounting.

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Contents

Guide to the case studies

Preface

Author's acknowledgements

Part 1 Management and cost accounting fundamentals

  1. The manager and management accounting
  2. An introduction to cost terms and purposes
  3. Job costing
  4. Process costing
  5. Cost allocation
  6. Cost allocation: joint-cost situations
  7. Income effects of alternative stock-costing methods

Part 1 Case study problems

Part 2 Accounting information for decision making

  1. Cost–volume–profit analysis
  2. Determining how costs behave
  3. Relevant information for decision making
  4. Activity-based costing
  5. Pricing issues and customer profitability analysis
  6. Capital investment decisions

Part 2 Case study problems

Part 3 Planning and budgetary control systems

  1. Motivation, budgets and responsibility accounting
  2. Flexible budgets, variances and management control: I
  3. Flexible budgets, variances and management control: II
  4. Measuring yield, mix and quantity effects

Part 3 Case study problems

Part 4 Management control systems and performance issues

  1. Control systems and transfer pricing
  2. Control systems and performance measurement

Part 4 Case study problems

Part 5 Strategy, quality, time and emerging issues

  1. Strategy, the balanced scorecard and quality
  2. Accounting, time and efficiency
  3. Emerging issues: digitalisation and sustainability

Part 5 Case study problems

Appendix A: Solutions to selected exercises

Glossary

Subject Index

Publisher's acknowledgements

Alnoor Bhimani is Professor of Management Accounting and Director of the South Asia Centre at the London School of Economics and Political Science.

Charles T. Horngren was the Edmund W. Littlefield Professor of Accounting at Stanford University.

Srikant M. Datar is the Dean of Harvard Business School.

Madhav V. Rajan is the Dean of the Booth School of Business at the University of Chicago.

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