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More About This Textbook
Overview
Get Refreshed . . . with Horngren/Sundem/Stratton's Introduction to Management Accounting, Twelfth Edition
And, students can get FREE tutorial software, FREE general ledger software, FREE spreadsheet templates, FREE PowerPoints/ready notes, FREE Excel tutorial, FREE on-line Tutor, and FREE on-line Study Guides!
Mastering Accounting CD-ROM
Using video and interactive exercises, Mastering Accounting actively engages students in learning core accounting concepts. Through dramatic situations in the life of a fictional e-Business, the CD-ROM teaches your students how to apply the fundamental concepts of accounting to practical problems facing today's dynamic organizations.
Mastering Accounting can be shrink-wrapped to these texts for a nominal fee.
Product Details
Read an Excerpt
"Managers have to understand how their decisions affect costs if they want to make good decisions."
Introduction to Management Accounting, 12/E, takes the view that managers make important economic decisions. We want students to view management accounting as an essential tool that enhances managers' abilities to make good economic decisions. IMA, 12/E, describes the concepts and techniques that managers and accountants use to produce information for decision making. Because understanding concepts is more important than memorizing techniques, this book introduces the concepts together with the techniques. From the first chapter, students are encouraged to think about why techniques are used, not to blindly apply the techniques. We hope that students will thus be able to learn both the theory and practice of management accounting. Understanding today's accounting practice, though, goes beyond mere concepts and techniques. To illustrate real-world practice and to highlight how management accounting helps managers understand the potential impacts of their decisions, the concepts and techniques in this book are presented in the context of real decisions. Two of the authors were members of the Accounting Education Change Commission (AECC) and recommendations of the AECC have been implemented throughout the text.
This book attempts a balanced, flexible approach. It deals as much with nonprofit, retail, wholesale, selling, and administrative situations as it does with manufacturing. It focuses broadly on planning and control decisions, not on product costing for inventory valuation and income determination.
OURPHILOSOPHY
Introduce the simple concepts and principles early, revisit them at more complex levels as students gain understanding, and provide appropriate real-company examples at every stage.
Just as management accounting builds on financial accounting, the concepts within management accounting build on one another as they are used to facilitate managerial decision making. Once students have fully grasped the more basic concepts, they can then build on what they have learned and progress on to more complex topics. Students begin their understanding of managerial decision making by asking, "How will my decisions affect the costs and revenues of the organization?" and then progress to more complex questions: What is the most appropriate cost management system for the company? What products should we produce? What do our budget variances mean? As students absorb the simpler concepts and techniques of management accounting and move on to the more complex, they will become more comfortable with, and more adept at, using those concepts and techniques to make business decisions.
Our goals have been to choose relevant subject matter and to present it clearly and accessibly, using many examples drawn from actual companies. IMA, 12/E, stresses the understanding of concepts, yet makes them concrete with numerous illustrations.
WHO SHOULD USE THIS BOOK?
Introduction to Management Accounting, 12/E, is primarily for students who have had one or two terms of basic accounting. It is also appropriate for continuing educational programs of varying lengths in which the students have had no formal training in, accounting. The four financial accounting chapters (Chapters 16-19) make the book especially appropriate for short courses introducing managers to accounting because both financial and management accounting can be presented from a user's perspective without requiring two textbooks.
This text is oriented to managers who use management accounting reports, not accountants. Managers should understand the basics of management accounting, and this book shows how management accounting will be useful to them. However, IMA, 12/E, also pays ample attention to the needs of potential accountants and provides them with an understanding of how the reports they produce will be used by decision makers. In focusing on accounting within the context of the overall managerial function, this text covers important topics that all business students should study and demonstrates how accounting bolsters and fits into the broader scheme of today's business environment.
NEW AND RETAINED FEATURES
ONLINE AND TECHNOLOGY SOLUTIONS
UPDATED MATERIAL INCLUDES:
SUPPLEMENTS FOR INSTRUCTORS
NEW INSTRUCTOR RESOURCE CD-ROM SEE DESCRIPTION UNDER "ONLINE AND TECHNOLOGY SOLUTIONS")
INSTRUCTORS RESOURCE MANUAL BY SCOTT YETMAR (RAKE UNIVERISITY) Contains chapter overviews, chapter outlines organized by objectives, teaching tips, chapter quiz, transparency masters derived from textbook exhibits, and suggested readings each chapter of the text.
SOLUTIONS MANUAL AND SOLUTIONS TRANSPARENCIES BY TEXT AUTHORS Special thanks to Robert Bauman, Allan Hancock College, and to Rosalie C. Hallbauer, Florida International University, for their technical reviews.
TEST ITEM FILE BY ANNE WESSLEY The Test Item File includes multiple choice, true/false, exercises, comprehensive problems, short answer problems, critical thinking essay questions, etc. Each test item is tied to the corresponding learning objective, has an assigned difficulty level, and provides a page reference.
PRENTICE HALL WINDOWS CUSTOM TEST MANAGER, BY ENGINEERING SOFTWARE ASSOCIATES (ESA), INC. This easy-to-use computerized testing program can create exams, evaluate, and track student results. The PH Test Manager also provides online testing capabilities. You may call our Test Paper Preparation Center, to have a hardcopy of your custom test created to suit your classroom needs.
ON LOCATION! CUSTOM VIDEO LIBRARY BY BEVERLY AMER (NORTHERN ARIZONA UNIVERSITY) Highlighted companies include Three Dog Bakery, Nantucket Nectars, Oracle, Teva Sport Sandals, Dell, etc. A Video Guide in the Instructor's Resource Manual helps integrate the videos into your classroom lectures.
SUPPLEMENTS FOR STUDENTS
STUDY GUIDE BY FRANK SELTO (UNIVERSITY OF COLORADO AT BOULDER) For each chapter of the text, the study guide contains a chapter overview, a detailed chapter review including study tips, self-test questions and demonstration problems with worked-out solutions. Special thanks to Mary Sheets, University of Central Oklahoma, for technical assistance.
STUDENT RESOURCE CD-ROM All student software programs, from PowerPoints to ReEnforcer tutorial, available on one CD-ROM.
ADDITIONAL RESOURCES
New WALL STREET JOURNAL offer: 10 weeks for $10.00 net with new student texts.
ACTIVITIES IN MANAGEMENT ACCOUNTING BY MARTHA DORAN
Free eBIZ FOR ACCOUNTING booklet may be packaged with new student texts.
ACKNOWLEDGMENTS
We have received ideas, assistance, miscellaneous critiques, and assorted assignment aerial in conversations and by mail from many students, professors, and business leaders. Each has our gratitude, but the complete list is too long to enumerate here.
The Chapters 4 and 12 illustrations of activity-based costing and the Chapter 9 illustration of a management control system are based (in part) on cases developed by Hyperion Solutions. Derek Sandison of Hyperion Solutions provided useful suggestions for these illustrations.
Kim Sawers provided help in proofing.
And, finally our thanks to P.J. Boardman, Deborah Hoffman, Jane Avery, Beth Toland, Vincent Scelta, Richard Bretan, Pat Smythe, Kathryn Sheehan, Brian Rappelfeld, Arnold Vila, Michael Reynolds, Michael Fruhbeis, Christy Mahon, Nancy Welcher, and Walter Mendez at Prentice Hall.
Comments from readers are welcome.
Charles T. Horngren
Gary L. Sundem
William O. Stratton
Table of Contents
I. FOCUS ON DECISION MAKING.
2. Introduction to Cost Behavior and Cost-Volume Relationships.
3. Measurement of Cost Behavior.
4. Cost Management Systems and Activity-Based Costing.
5. Relevant Information and Decision Making: Marketing Decisions.
6. Relevant Information and Decision Making: Production Decisions.
II. ACCOUNTING FOR PLANNING AND CONTROL.
8. Flexible Budgets and Variance Analysis.
9. Management Control Systems and Responsibility Accounting.
10. Management Control in Decentralized Organizations.
III. CAPITAL BUDGETING.
IV. PRODUCT COSTING.
13. Job-Costing Systems.
14. Process-Costing Systems.
15. Overhead Application: Variable and Absorption Costing.
Preface
"Managers have to understand how their decisions affect costs if they want to make good decisions."
Introduction to Management Accounting, 12/E, takes the view that managers make important economic decisions. We want students to view management accounting as an essential tool that enhances managers' abilities to make good economic decisions. IMA, 12/E, describes the concepts and techniques that managers and accountants use to produce information for decision making. Because understanding concepts is more important than memorizing techniques, this book introduces the concepts together with the techniques. From the first chapter, students are encouraged to think about why techniques are used, not to blindly apply the techniques. We hope that students will thus be able to learn both the theory and practice of management accounting. Understanding today's accounting practice, though, goes beyond mere concepts and techniques. To illustrate real-world practice and to highlight how management accounting helps managers understand the potential impacts of their decisions, the concepts and techniques in this book are presented in the context of real decisions. Two of the authors were members of the Accounting Education Change Commission (AECC) and recommendations of the AECC have been implemented throughout the text.
This book attempts a balanced, flexible approach. It deals as much with nonprofit, retail, wholesale, selling, and administrative situations as it does with manufacturing. It focuses broadly on planning and control decisions, not on product costing for inventory valuation and income determination.
OUR PHILOSOPHY
Introduce the simple concepts and principles early, revisit them at more complex levels as students gain understanding, and provide appropriate real-company examples at every stage.
Just as management accounting builds on financial accounting, the concepts within management accounting build on one another as they are used to facilitate managerial decision making. Once students have fully grasped the more basic concepts, they can then build on what they have learned and progress on to more complex topics. Students begin their understanding of managerial decision making by asking, "How will my decisions affect the costs and revenues of the organization?" and then progress to more complex questions: What is the most appropriate cost management system for the company? What products should we produce? What do our budget variances mean? As students absorb the simpler concepts and techniques of management accounting and move on to the more complex, they will become more comfortable with, and more adept at, using those concepts and techniques to make business decisions.
Our goals have been to choose relevant subject matter and to present it clearly and accessibly, using many examples drawn from actual companies. IMA, 12/E, stresses the understanding of concepts, yet makes them concrete with numerous illustrations.
WHO SHOULD USE THIS BOOK?
Introduction to Management Accounting, 12/E, is primarily for students who have had one or two terms of basic accounting. It is also appropriate for continuing educational programs of varying lengths in which the students have had no formal training in, accounting. The four financial accounting chapters (Chapters 16-19) make the book especially appropriate for short courses introducing managers to accounting because both financial and management accounting can be presented from a user's perspective without requiring two textbooks.
This text is oriented to managers who use management accounting reports, not accountants. Managers should understand the basics of management accounting, and this book shows how management accounting will be useful to them. However, IMA, 12/E, also pays ample attention to the needs of potential accountants and provides them with an understanding of how the reports they produce will be used by decision makers. In focusing on accounting within the context of the overall managerial function, this text covers important topics that all business students should study and demonstrates how accounting bolsters and fits into the broader scheme of today's business environment.
NEW AND RETAINED FEATURES
ONLINE AND TECHNOLOGY SOLUTIONS
UPDATED MATERIAL INCLUDES:
SUPPLEMENTS FOR INSTRUCTORS
NEW INSTRUCTOR RESOURCE CD-ROM SEE DESCRIPTION UNDER "ONLINE AND TECHNOLOGY SOLUTIONS")
INSTRUCTORS RESOURCE MANUAL BY SCOTT YETMAR (RAKE UNIVERISITY) – Contains chapter overviews, chapter outlines organized by objectives, teaching tips, chapter quiz, transparency masters derived from textbook exhibits, and suggested readings each chapter of the text.
SOLUTIONS MANUAL AND SOLUTIONS TRANSPARENCIES BY TEXT AUTHORS – Special thanks to Robert Bauman, Allan Hancock College, and to Rosalie C. Hallbauer, Florida International University, for their technical reviews.
TEST ITEM FILE BY ANNE WESSLEY – The Test Item File includes multiple choice, true/false, exercises, comprehensive problems, short answer problems, critical thinking essay questions, etc. Each test item is tied to the corresponding learning objective, has an assigned difficulty level, and provides a page reference.
PRENTICE HALL WINDOWS CUSTOM TEST MANAGER, BY ENGINEERING SOFTWARE ASSOCIATES (ESA), INC. This easy-to-use computerized testing program can create exams, evaluate, and track student results. The PH Test Manager also provides online testing capabilities. You may call 1-800-550-1701, our Test Paper Preparation Center, to have a hardcopy of your custom test created to suit your classroom needs.
ON LOCATION! CUSTOM VIDEO LIBRARY BY BEVERLY AMER (NORTHERN ARIZONA UNIVERSITY) – Highlighted companies include Three Dog Bakery, Nantucket Nectars, Oracle, Teva Sport Sandals, Dell, etc. A Video Guide in the Instructor's Resource Manual helps integrate the videos into your classroom lectures.
SUPPLEMENTS FOR STUDENTS
STUDY GUIDE BY FRANK SELTO (UNIVERSITY OF COLORADO AT BOULDER) – For each chapter of the text, the study guide contains a chapter overview, a detailed chapter review including study tips, self-test questions and demonstration problems with worked-out solutions. Special thanks to Mary Sheets, University of Central Oklahoma, for technical assistance.
STUDENT RESOURCE CD-ROM – All student software programs, from PowerPoints to ReEnforcer tutorial, available on one CD-ROM.
ADDITIONAL RESOURCES
New WALL STREET JOURNAL offer: 10 weeks for $10.00 net with new student texts.
ACTIVITIES IN MANAGEMENT ACCOUNTING BY MARTHA DORAN
Free eBIZ FOR ACCOUNTING booklet may be packaged with new student texts.
ACKNOWLEDGMENTS
We have received ideas, assistance, miscellaneous critiques, and assorted assignment aerial in conversations and by mail from many students, professors, and business leaders. Each has our gratitude, but the complete list is too long to enumerate here.
The Chapters 4 and 12 illustrations of activity-based costing and the Chapter 9 illustration of a management control system are based (in part) on cases developed by Hyperion Solutions. Derek Sandison of Hyperion Solutions provided useful suggestions for these illustrations.
Kim Sawers provided help in proofing.
And, finally our thanks to P.J. Boardman, Deborah Hoffman, Jane Avery, Beth Toland, Vincent Scelta, Richard Bretan, Pat Smythe, Kathryn Sheehan, Brian Rappelfeld, Arnold Vila, Michael Reynolds, Michael Fruhbeis, Christy Mahon, Nancy Welcher, and Walter Mendez at Prentice Hall.
Comments from readers are welcome.
Charles T. Horngren
Gary L. Sundem
William O. Stratton
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