Introduction to Management Accounting: A User Perspective

Werner, Michael L; Jones, Kumen H

ISBN 10: 0757568610 ISBN 13: 9780757568619

Publisher: Kendall/Hunt Publishing Co ,U.S., 2009

Synopsis

This introduction to management accounting seeks to teach students how to be wise users, not necessarily preparers of account information--a focus endorsed and supported by the AECC. This book is designed specifically for those faculty who are looking for a user-perspective in management accounting and is an ideal companion text for Jones/Terrell/Terrell Introduction to Financial Accounting: A Users Perspective, 2/e.

About this title

Review:

"This is my favorite Management Accounting text today... I find that the Werner/Jones text is perfect for my class―it provides all the material we need in a text that is easy (and almost fun!) to read." ― Mark Bettini, University of California-Berkeley

From the Back Cover:

Mike Werner and Kumen Jones have crafted an exciting text designed to meet the needs of those faculty and students who are eager to embrace a user perspective in first-year accounting.

Introduction to Management Accounting: A User Perspective, Second Edition, maintains the authors' well-received user approach and places a strong emphasis on decision making. Other unique features include:

• NEW―Separate Chapter on Cost Allocation and ABC (Chapter 4).
• User-Driven Approach to Cost Behavior (Chapters 5 and 6). NEW―Section on using Microsoft Excel for charting and analyzing mixed costs (Chapter 5).
• NEW―Section in the capital budgeting chapter (Chapter 8) on using financial calculators for future value and present value calculations.
• Distinctive Presentation of the Operating Budget (Chapter 9). Part I describes the importance and uses of the operating budget and compares/contrasts various approaches to preparation. Part II shows step-by-step preparation of the budgets that comprise the operating budget and details the use of the operating budget in the overall management process.
• Unique Chapter on Evaluating Performance (Chapter 11) discusses evaluation methods; centralized and decentralized management styles; business segments; return on investment and residual income; the balanced scorecard and nonfinancial measures, such as quality, customer satisfaction, employee morale, employee safety, efficiency, and just-in-time philosophy.

About this edition

• Publisher: Kendall/Hunt Publishing Co ,U.S.
• Publication date: 2009
• ISBN 10: 0757568610
• ISBN 13: 9780757568619
• Binding: Misc. Supplies