Managerial accounting : creating value in a dynamic business environment / Ronald W. Hilton, David E. Platt.

By: Hilton, Ronald W [author.]
Contributor(s): Platt, David E [author.]
Language: English Publisher: New York, NY : McGraw Hill, [2023]Edition: Thirteenth editionDescription: pages cmContent type: text Media type: unmediated Carrier type: volumeISBN: 9781265046798; 9781264100699Subject(s): Managerial accountingDDC classification: 658.15/11 LOC classification: HF5657.4 | .H55 2023
Contents:
The crucial role of managerial accounting in a dynamic business environment -- Basic cost management concepts -- Product costing and cost accumulation in a batch production environment -- Process costing and hybrid product-costing systems -- Activity-based costing and management -- Activity analysis, cost behavior, and cost estimation -- Cost-volume-profit analysis -- Variable costing and the measurement of ESG and quality costs -- Financial planning and analysis : the master budget -- Standard costing and analysis of direct costs -- Flexible budgeting and analysis of overhead costs -- Responsibility accounting and the balanced scorecard -- Decision making : relevant costs and benefits -- Target costing and cost analysis for pricing decisions -- Capital expenditure decisions -- Allocation of support activity costs and joint costs -- Capital expenditure decisions.
Summary: "Business is always changing: new technologies, new models, new global competitors. And students, despite being more technologically adept every year, need a framework for all of that change so that they can hit the ground running in their careers. To keep up, managers must be able to interpret the rapid flow of information and make the right decisions. Assisted by the tools of managerial accounting, and by managerial accounting professionals, managers will work side by side in global, cross-functional teams to make the complex decisions that today's dynamic business environment requires of them. The goal of Managerial Accounting is to acquaint students of business with the fundamental tools of managerial decision making and to provide a context for understanding and reacting to the dramatic ways in which business is changing. The emphasis throughout the text is on using accounting information to help manage an organization, while explaining concepts in a way that students can relate to. They should not only be able to produce accounting information, but also understand how managers are likely to use and react to the information in a range of businesses"-- Provided by publisher.
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Includes bibliographical references and index.

The crucial role of managerial accounting in a dynamic business environment -- Basic cost management concepts -- Product costing and cost accumulation in a batch production environment -- Process costing and hybrid product-costing systems -- Activity-based costing and management -- Activity analysis, cost behavior, and cost estimation -- Cost-volume-profit analysis -- Variable costing and the measurement of ESG and quality costs -- Financial planning and analysis : the master budget -- Standard costing and analysis of direct costs -- Flexible budgeting and analysis of overhead costs -- Responsibility accounting and the balanced scorecard -- Decision making : relevant costs and benefits -- Target costing and cost analysis for pricing decisions -- Capital expenditure decisions -- Allocation of support activity costs and joint costs -- Capital expenditure decisions.

"Business is always changing: new technologies, new models, new global competitors. And students, despite being more technologically adept every year, need a framework for all of that change so that they can hit the ground running in their careers. To keep up, managers must be able to interpret the rapid flow of information and make the right decisions. Assisted by the tools of managerial accounting, and by managerial accounting professionals, managers will work side by side in global, cross-functional teams to make the complex decisions that today's dynamic business environment requires of them. The goal of Managerial Accounting is to acquaint students of business with the fundamental tools of managerial decision making and to provide a context for understanding and reacting to the dramatic ways in which business is changing. The emphasis throughout the text is on using accounting information to help manage an organization, while explaining concepts in a way that students can relate to. They should not only be able to produce accounting information, but also understand how managers are likely to use and react to the information in a range of businesses"-- Provided by publisher.

Ages 18 McGraw Hill.

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