Managerial Accounting: Manufacturing and Service Applications

To best prepare tomorrow's managers for the realities of the business world, Managerial Accounting gives service organizations equal emphasis with manufacturing organizations. The text prepares a clear study of the basic approaches to decision-making using accounting data. The text emphasizes the managerial uses of accounting with the basics necessary to move into costing and decision-making. Incremental decision-making is presented as the core of decision-making in managerial accounting. The text also shows how information from the firm?s transactions systems is used for analysis and reporting to operating managers and executives for decision-making purposes. Throughout, the concept of managerial ?common sense? decision-making is applied to a broad array of business decisions. A related discussion of capital investments decisions is also included. Leading-edge management accounting topics such as costs of quality, target and kaizen costing, activity analysis, cost allocation, cost estimation, capital budgeting, activity-based costing, and financial and non-financial performance measurement are also addressed.