Managerial Accounting

Managerial Accounting, 5e features a strong organization that provides students with a solid overview of managerial topics. A thorough presentation of basic concepts helps students best comprehend planning, controlling, and decision-making. The author introduces the new manufacturing environment and activity-based costing early, with details following in subsequent chapters. The text counters a strong emphasis on the elements of the new manufacturing environment with a balanced discussion of the traditional environment. Titard provides students with one of the basic managerial tools -- the contribution approach income statement. Future managers learn how to best use accounting data in decision-making as the text reviews cost-profit-volume analysis, relevant cost, capital budgeting, quantitative techniques, and JIT philosophy. Coverage of special topics provides the flexibility for instructors to emphasize topics often considered more financial than managerial.