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Management and Cost Accounting, 7th edition

Published by Pearson (May 15, 2019) © 2019

  • 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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Support your students' understanding of Management and Cost Accounting with this best-selling textbook in the field.

Management and Cost Accounting, 7th edition, offers your students a comprehensive analysis of the topic in a language that is accessible and easy to understand.

This edition retains its international focus, featuring companies and examples on a global scale and bringing contemporary techniques and practices together.

Packed with illustrations, real-life applications, and examination questions that reinforce understanding, this must-read guide is the ideal teaching support as you help your students develop essential learning skills for their future performance in the workplace.

Hallmark features of this title

A wealth of case studies and features support your students' practical understanding of the discipline.

  • A plethora of illustrations connected with company-relevant examples reinforces student understanding of how companies apply the concepts and methods introduced.
  • A detailed guide to the Case Studies at the beginning of the book helps students organise and improve their studying of practical applications.

A consistent structure aims to support your students' learning and revision skills.

  • An abundance of resources, including professional accountancy practice exercises, and end-of-chapter questions, provides opportunities to learn and develop.

A comprehensive Glossary lists all key items alphabetically, allowing students to develop their revision skills.

New and updated features of this title

A text with an international focus brings contemporary techniques, concepts, and practices together.

  • Up-to-date, comprehensive coverage of digital technologies includes Artificial Intelligence, Robotics, 3-D Printing, the Internet of Things, and Big Data Analytics.
  • Harvard Business School and other cutting-edge case studies illustrate how enterprises deploy Management Accounting across locations and situations.

New and thoroughly revised content improves the structure and supports your students' understanding and learning skills.

  • Expanded and revised content covers sections such as Strategic Management Accounting, the balanced scorecard, quality costing, governance, and sustainability, as well as the aspects of Internet entrepreneurship.
  • A range of new Concepts in Action boxes and the latest Surveys of Corporate Practices show how managers use accounting techniques in the business world.

A range of additional resources offers the ideal teaching support.

  • This edition provides a range of additional materials with the adoption of the text that will help you prepare for the delivery of your courses.
  • The above range includes a downloadable Instructor Manual with exclusive end-of-chapter exercises, suggested teaching notes, and PowerPoint slides as well as solutions to additional questions and spreadsheet problems.

Features of MyLab® Accounting for the 7th Edition

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

Offer your students an online homework and personalised tutorial environment.
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  • Empower each learner: Offer your students apersonalised learning experience that pinpoints the precise areas where they need to practice.
  • Updated: Challenge your students' critical thinking with revised and improved questions reflecting the most recent changes in the field.
  • Auto-graded Excel Project Questions: Allow your students to get hands-on practice by seamlessly integrating Microsoft® Excel® content into your course.
Help students connect theory with practice with a series of interactive materials.
  • New: Two real-accounting case studies and two business scenarios help students link theory with real-world applications.
  • Learning Catalytics: The student response tool, using 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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Brief Contents

Guide to the case studies

Authors' acknowledgements

Publisher's acknowledgements

Glossary

PART I 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 I Case study problems

PART II 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, target costing and customer profitability analysis
  6. Capital investment decisions

Part II Case study problems

PART III 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 III Case study problems

PART IV Management control systems and performance issues

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

Part IV Case study problems

PART V Strategy, quality, time and emerging issues

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

Part V Case study problems

Appendix A: Solutions to selected exercises

Appendix B: Notes on compound interest and interest tables

Glossary

Names index

Subject index

Alnoor Bhimani is a Professor of Management Accounting, previous Head of the London School of Economics Department of Accounting, and Director of Entrepreneurship and Political Science.

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

Srikant M. Datar is the Arthur Lowes Dickinson Professor of Business Administration and Faculty Chair of the Harvard Innovation Lab at Harvard Business School.

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

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