Managerial Accounting for Business Decisions, 2nd edition
By Ray Proctor
Financial Times / Pearson Education
$97.50 paper original
Focusing squarely on the needs of business and management students, Managerial Accounting for Business Decisions sets management accounting into a real world context, helping students to apply the theories they learn to management situations. This book will assist the reader in understanding the principles of management accounting and to master the numerical aspects of the subject.
Suitable for any student taking a first course in management accounting.
PART I – FOUNDATIONS
1. Cost behaviour
2. The difference between profit and cash
PART II – FINANCIAL MANAGEMENT
3. Ratio Analysis and financial management
4. Working Capital Management
PART III – PRODUCT COSTING AND PRICING
5. Product costs using absorption costing
6. Comparison of profits udner absorption and variable costing
7. Product costs using activity-based costing
8. Pricing your products
PART IV – DECISION MAKING
9. Variable costing and breakeven analysis
10. Short-term decisions using variable costing
11. Short-term decisions using relevant costing
12. Capital investment appraisal for long-term decisions
13. Divisional performance and transfer pricing
PART V – BUDGETARY CONTROL
14. Budgets and their creation
15. Using budgets to control operations
PART VI - STRATEGY IMPLEMENTATION AND BUSINESS PERFORMANCE
16. Strategic management accounting and performance indicators
17. Business performance management
18. Not-for-profit organisations
19. Current issues in management accounting
Answers to end-of-chapter questions
• Strong managerial approach with “Manager’s Point of View” feature, based on real companies and managers, in each chapter, so students understand why these topics are important in the workplace and therefore their potential relevance to them.
• An emphasis on companies from the service sector which reflects most students likely work experience post university.
• The language and terminology is used with business studies students in mind. Explanations are kept simple and accounting jargon avoided to ensure student understanding. Any unnecessary algebra is omitted in favour of a business approach.
• This book is accompanied by a full range of resources including: an instructor’s manual with model answers for the case studies; PowerPoints further problems and questions and MCQs
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