Managerial Accounting: Creating Value in a Dynamic Business Environment
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- Each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter.
- Significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, and customer profitability analysis, while also including traditional topics such as job-order costing, budgeting and performance evaluation.

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Table of Contents

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Program Details

1. The Changing Role of Managerial Accounting in a Dynamic Business Environment 2
2. Basic Cost Management Concepts 34
3. Product Costing and Cost Accumulation in a Batch Production Environment 78
4. Process Costing and Hybrid Product-Costing Systems 132
5. Activity-Based Costing and Management 164
6. Activity Analysis, Cost Behavior, and Cost Estimation 224
7. Cost-Volume-Profit Analysis 266
8. Variable Costing and the Costs of Quality and Sustainability 316
9. Financial Planning and Analysis: The Master Budget 350
10. Standard Costing and Analysis of Direct Costs 408
11. Flexible Budgeting and Analysis of Overhead Costs 452
12. Responsibility Accounting, Operational Performance Measures, and the Balanced Scorecard 498
13. Investment Centers and Transfer Pricing 542
14. Decision Making: Relevant Costs and Benefits 586
15. Target Costing and Cost Analysis for Pricing Decisions 638
16. Capital Expenditure Decisions 678
17. Allocation of Support Activity Costs and Joint Costs 732

1. Appendix I: The Sarbanes-Oxley Act, Internal Controls, and Management Accounting 760
2. Appendix II: Compound Interest and the Concept of Present Value 766
3. Appendix III: Inventory Management 774
4. References for “In Their Own Words” 781
5. Glossary 784
6. Photo Credits 796