INTRODUCTION TO MANAGEMENT ACCOUNTING: A USER PERSPECTIVE
Kumen H. Jones, Arizona State University;
Michael L. Werner, University of Miami;
Katherine P. Terrell and Robert P. Terrell, both of the University of Central Oklahoma
Basic Approach
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/BENEFITS
User-driven approach–Approaches accounting from the perspective of the user rather than the preparer.
Show students how accounting information can be used to make better business decisions so that they see the immediate relevance and application of accounting concepts.
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 statement of management accounting today, describing the types of information that will prove valuable in the future (Chapter 1).
User-driven approach to cost behavior (Chapter 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.
Vibrant, exciting discussions on capital budgeting (Chapter 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 (Chapter 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.
Unique chapter on evaluating performance (Chapter 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.
Discussion Questions–Cultivates critical-thinking and decision-making skills by fully incorporating a number of discussions 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.
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.
Supplements
Managerial Instructor’s Manual
Managerial Test Item File
Managerial Solutions Manual
Managerial Solutions Transparencies
Managerial WIN PH Test Manager
PH Professor; A Classroom Presentation on PowerPoint
Web site: www.prenhall.com/jones
PHLIP (Prentice Hall’s Learning on the Internet Partnership)
Companion Web site offers the most expansive Internet-based support available, providing a wealth of resources for students and faculty, including student study hall, hotlinks to in-test companies, learning assessment sections, on-line tutorial assistance, practice tests with immediate grading and feedback, faculty lounge, on-line study guide, downloadable supplement, distance learning capabilities.
Accounting Made Easy CD-ROM (Levels 1 & 2)