Management and Cost Accounting

Alnoor Bhimani, Srikant M. Datar, Charles Horngren, Madhav V. Rajan

8th Edition

c | 2023

ISBN	9781292436029
Publishing date	1 Apr 2023

Book cover image of Management and Cost Accounting, 8th Edition

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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.

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

Part 1 Management and cost accounting fundamentals

The manager and management accounting
An introduction to cost terms and purposes
Job costing
Process costing
Cost allocation
Cost allocation: joint-cost situations
Income effects of alternative stock-costing methods
Part 1 Case study problems

Part 2 Accounting information for decision making

Cost–volume–profit analysis
Determining how costs behave
Relevant information for decision making
Activity-based costing
Pricing issues and customer profitability analysis
Capital investment decisions
Part 2 Case study problems

Part 3 Planning and budgetary control systems

Motivation, budgets and responsibility accounting
Flexible budgets, variances and management control: I
Flexible budgets, variances and management control: II
Measuring yield, mix and quantity effects
Part 3 Case study problems

Part 4 Management control systems and performance issues

Control systems and transfer pricing
Control systems and performance measurement
Part 4 Case study problems

Part 5 Strategy, quality, time and emerging issues

Strategy, the balanced scorecard and quality
Strategy, the balanced scorecard and quality
Emerging issues: digitalisation and sustainability
Part 5 Case study problems

Appendix A: Solutions to selected exercises

Glossary

Subject Index

Publisher's acknowledgements

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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.

Create a course that fits your needs: Adopt questions from a bank of over 800 auto-gradable questions, or even build your own, and challenge your students' ability to apply their learning with a range of exercises and problems.
Empower each learner: Offer your students a personalised learning experience that pinpoints the precise areas they need to practise.
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.