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Introduction to Management Accounting & E Biz 2002 Pkg.
Michael L. WernerUniversity of Miami
Kumen H. JonesArizona State University

ISBN-10: 0130744611
ISBN-13:  9780130744616

Publisher:  Prentice Hall
Copyright:  2000
Format:  Cloth Package; 536 pp
Published:  06/12/2001
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Description

For Introduction to Management Accounting courses.

This introduction to managerial accounting and its significant role in making sound business decisions teaches students how to be wise users, not necessarily preparers of accounting information—a strong user-based approach that's endorsed and supported by the AECC. The authors present accounting information in a broader business context, emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions.


Features

  • Complete full-year accounting sequence—Forms one part of the Jones, et al. Accounting Series, offering split or combined introductory text/supplement programs for Survey Accounting, Financial Accounting, Managerial Accounting, and Accounting Principles.
    • Offers instructors the flexibility to teach these courses in splits or use the combined text for a single 50/50 course.

  • User-driven approach—Approaches accounting from the perspective of the user rather than the preparer.
    • Shows students how accounting information can be used to make better business decisions so that they see the immediate relevance and application of accounting concepts.

  • Emphasis on the history of management accounting—Explores how ALL types of past and current managers (merchandisers, manufacturers, service companies, etc.) use management accounting information to make solid business decisions.
    • Shows students how accounting has in the past and will continue to impact both their personal and professional lives.

  • Focus on the essentials—Opens with an overview of the environment and future of management accounting; compares management accounting to financial accounting; reviews historical patterns and developments; discusses the state of management accounting today, describing the types of information that will prove valuable in the future (Ch. 1).
    • Covers not only the key topics in management accounting, but fundamental accounting material that's critical to the development of students' business decision-making skills.

  • Unique chapter on evaluating performance (Ch. 10)—Discusses evaluation methods; centralized and decentralized management styles, business segments, and the problems associated with determining segment costs; return on investment and residual income; non-financial measures, such as quality, customer satisfaction, employee morale, employee safety, efficiency, and just-in-time.
    • Connects topics covered throughout the text, helping students put management accounting principles and practices into perspective.

  • Vibrant, exciting discussions on capital budgeting (Ch. 7)—Describes the capital budget's role in the overall business planning process; the blended cost of capital rate and its use in capital budgeting; the characteristics shared by all capital projects; calculations for various methods of evaluating capital projects; how the stock market works; and present value and future value calculations.
  • Distinctive presentation of the operating budget (Ch. 8)—Describes the importance and uses of the operating budget; compares/contrasts various approaches to preparation and use; shows the preparation of the budgets that comprise the operating budget; details the use of the operating budget in the overall management process.
  • User-driven approach to cost behavior (Ch. 4-5)—Defines cost behavior and describes its use; details the characteristics of mixed cost; outlines basic approaches to separating mixed cost; presents calculations for the scatter graph and high-low methods; describes how cost behavior is used in business; covers the contribution approach income statement and the usefulness of separating cost; offers calculations for cost volume profit analysis.
    • Focuses students' attention first on the nature of the topic, then moves into calculations—an approach that develops a deep, usable understanding of cost behavior.

  • Discussion Questions—Cultivates critical-thinking and decision-making skills by fully incorporating a number of discussion questions into each and every chapter.
    • Provides instructors with an array of exercises that can be used in variety of ways—as classroom discussions, short written assignments, cooperative activities, and more.

  • Review the Facts—Offers basic definitional questions that review the key points of each chapter.
    • Serves to both challenge and reinforce students' understanding of essential concepts.

  • Apply What You've Learned—Chapter-end assignments that include a mix of traditional types of homework problems and innovative assignments requiring critical thinking and writing. Features matching problems, short essay questions, and calculations. Includes assignments dealing directly with the use of financial statements.
    • Allows students to test their understanding and challenge their thinking in a variety of ways. Many assignments can be used as the basis for classroom discussions, and many also work well as group assignments.

  • Pedagogical devices—Learning objectives, marginal glossaries, chapter summaries, key term sections, application assignments, and more.
    • Enhances student learning by providing students with frequent opportunities to set goals, reference new material, review difficult concepts, and practice recently acquired skills.


Table of Contents



M1. Management Accounting: It's Environment and Future.


M2. Classifying Costs.


M3. Determining Costs of Products.


M4. Cost Behavior.


M5. Business Decisions Using Cost Behavior.


M6. Making Decisions Using Relevant Information.


M7. The Capital Budget: Evaluating Capital Expenditures.


M8. The Operating Budget.


M9. Standard Costing.


M10. Evaluating Performance.



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