Managerial Accounting, Canadian Edition, 6th edition

Published by Pearson Canada (June 29, 2026) © 2027
  • Karen W. Braun
  • Wendy M. Tietz
  • Louis Beaubien

Title overview

Managerial accounting taught through real-world business application

Managerial Accounting helps students see how managerial accounting concepts are used in business to make decisions. By presenting actual accounting decisions made in companies, the text's precise coverage of the core concepts better engages students in the content.

The authors have adopted an approach that reflects the evolution of the new CPA Competency Map. The accounting profession in Canada is changing, and so is the way managerial accounting is taught. CPA Canada’s new Competency Map (CM2.0) places greater emphasis on strategic thinking, data analytics, communication, and ethical decision -making - skills that employers increasingly expect from future CPAs.This edition has been redesigned with these priorities in mind.

Hallmark features of this title

  • Integration of CPA Competencies. Managerial Accounting focuses on covering the competencies outlined in the 2022 CPA Competency Map and each chapter opens with a list of Professional Competencies considered in that chapter. These features will allow students and faculty interested in CPA designation to become familiar with the Competency Map and the material covered in the book.When CPA Canada’s Competency Map 2.0 is live, a document will be made available in MyLab that will align this edition’s current LO’s to the new competencies.
  • Excel Exhibits give students a glimpse into the real-world presentation of managerial accounting topics by presenting all financial statements and schedules in Excel. In the MyLab, selected exhibits have a video that will teach students how to create the same schedule using Excel.
  • Learning Objectives are the most important concepts in each chapter. Expressed in everyday language, these LOs are mapped throughout the chapter, end-of-chapter assessment, and MyLab Accounting, allowing students to accurately track their understanding of each learning objective.
  • Try It! interactive questions are found throughout the chapter and give students the opportunity to apply the concept they just learned. Video Solutions, found in MyLab Accounting, feature the author walking through select Try It! problems on a white board. Designed to give students detailed help when they need it. 
  • Sustainability boxes are integrated into the body of each chapter, providing students with insight on how sustainability applies to accounting concepts. Related questions are included in the end-of-chapter assessment.
  • Stop & Think, a question-and-answer section, encourages students to think critically about the application of key concepts.
  • Technology Makes It Simple features give students step-by-step directions on how to use Microsoft Excel 365 to perform an accounting task with more efficiency. Examples include scatterplots, regression analysis, capital budgeting, CVP graphs, budgeting, and sensitivity analysis. 
  • Control Concepts feature boxes in each chapter that provide students with insight on management control activities and how they apply to accounting concepts. Related questions are included in the end-of-chapter assessment.
  • Why Is This Important? sections highlight the connection of accounting to the business environment so students can better understand the business significance of managerial accounting.
  • Decision Guidelines summarize key terms, concepts, and formulas in the context of specific business decisions so that students can see how accounting is used to make good business decisions.
  • Summary Problems allow students to practise the skills outlined in the decision guidelines.

New to this Edition

  • Accounting for a Moving Target are sections addressing AI to connect theoretical knowledge to current technological applications, making learning more relevant and engaging. This feature also encourages critical thinking by prompting learners to explore how automation and data-driven systems influence their field of study.
  • Indigenous-focused vignette. Reviewed by Justin Molander, CPA, CMA (member of the Sapotaweyak Cree Nation), Chapter 14’s new Indigenous-focused vignette connects core concepts with real business matters as they relate to Indigenous communities. Although not affiliated with Smoke Architecture or its related communities, Justin used his expertise to confirm that this example identifies how managerial accounting principles may be implemented in this unique enterprise.
  • Incorporation of AI and Data Analytics. It is important to note that we are at a period of technological inflection, with the pervasive growth of AI in aspects of life and business. This text uses selective sections to include concepts important to the effective use of AI and developing an AI “mindsight.”
  • NEW Case Study. This case study focuses on the business decisions of a real company based in Windsor, Ontario led by a Kat Pasquatch, who is Cree First Nation from the James Bay region, and features accounting matters and nuances unique to such an enterprise. Researched and written by Russell Evans, Assistant Professor at the University of Guelph. Dr. Evans has roots in both Temagami First Nation (Bear Island) and Matachewan First Nation, and identifies as both Anishnaabe and European.
  • NEW “Show Me How” Animated Tutorials Videos. These videos walk students through select end-of-chapter questions. Chosen by the text author, these tutorials provide a student-friendly walk-through of an exercise or problem that allows users to see how to solve a question, step-by-step. Students can access these tutorials on their own time and watch them as many times as needed to ensure that they understand the concept or Learning Objective being covered.
  • NEW Mini-Sims are short simulations that put students in business roles and give them the opportunity to apply course concepts as they make decisions. Students begin by making a series of decisions to better understand and apply course concepts. The Mini Sim then changes, branching and creating various scenario paths based on the answers given. This provides students with a personalized learning experience and the opportunity to build and develop their critical-thinking skills.

Key features

Important Digital Assets in MyLab Accounting

  • NEW AI Study Tool. Designed for students who want to save time and study efficiently, this eText includes Pearson’s new genAI study tool. When they open their eText, students can click the AI icon (available on any page) and request summaries, explanations, or practice questions. This tool offers consistent guidance when needed and provides quick, personalised support and feedback by referencing content from their Pearson text.
  • NEW Case Study. This case study focuses on the business decisions of a real company based in Windsor, Ontario led by a Kat Pasquatch, who is Cree First Nation from the James Bay region, and features accounting matters and nuances unique to such an enterprise. Researched and written by Russell Evans, Assistant Professor at the University of Guelph. Dr. Evans has roots in both Temagami First Nation (Bear Island) and Matachewan First Nation, and identifies as both Anishnaabe and European.
  • NEW “Show Me How” Animated Tutorials Videos. These videos walk students through select end-of-chapter questions. Chosen by the text author, these tutorials provide a student-friendly walk-through of an exercise or problem that allows users to see how to solve a question, step-by-step. Students can access these tutorials on their own time and watch them as many times as needed to ensure that they understand the concept or Learning Objective being covered.
  • NEW Mini-Sims are short simulations that put students in business roles and give them the opportunity to apply course concepts as they make decisions. Students begin by making a series of decisions to better understand and apply course concepts. The Mini Sim then changes, branching and creating various scenario paths based on the answers given. This provides students with a personalized learning experience and the opportunity to build and develop their critical-thinking skills.
  • Data Analytics Projects offer students hands-on practice in mining, analyzing, and reporting on data. Each project contains a list of requirements, a dataset from a real company, a tutorial video, and instructions for using software such as Excel, Power BI, or Tableau that are present on MyLab. Using these tools, students learn how to extract and examine key information about a company related to its products, operations, and consumer buying habits. With this experience and knowledge, students are able to make smarter business decisions and are better prepared for the workforce.
  • Excel Exhibits give students a glimpse into the real-world presentation of managerial accounting topics by presenting all financial statements and schedules in Excel. In the MyLab, selected exhibits have a video that will teach students how to create the same schedule using Excel.
  • Excel in MyLab Accounting questions have students download and complete a problem in Microsoft Excel. Students receive personalized, detailed feedback upon submitting their completed spreadsheets. Questions will be auto-graded and reported to the grade book.
  • Accounting Cycle Tutorial lets students practise each step of the accounting cycle using engaging, interactive content, helping them master the cycle for early and continued success in their course.
  • Time Value Money Tutorial in MyLab (Accounting/Finance) ensures that students understand the basic theory and formulas of the TVM, while also testing their ability to apply the TVM in the measurement of financial statement items. Students work through two sections. The first is to help them understand the theory—using whatever method the instructors choose (manually, through Excel®, with tables, or via a calculator). The second gives students the opportunity to apply the theory with a number of scenarios regarding each financial statement.
  • Excel Projects. Using proven, field-tested technology, auto-graded Excel Projects let you seamlessly integrate Microsoft® Excel® content into your course without having to manually grade spreadsheets. Students can practise important skills in Excel, helping them master key concepts and gain proficiency with the program. They simply download a spreadsheet, work live on a problem in Excel, and then upload that file back into MyLab. Within minutes, they receive a report that provides personalized, detailed feedback to pinpoint where they went wrong in the problem.
  • Dynamic Study Modules. Using a highly personalized, algorithmically driven process, Dynamic Study Modules continuously assess student performance and provide additional practice in the areas where they struggle the most. Each Dynamic Study Module, accessed by computer, smartphone, or tablet, promotes fast learning and long-term retention.
  • Accounting in the Headlines (www.accountingin theheadlines.com) is a blog written by Wendy Tietz. New stories are added to the blog each month. The blog contains short stories about real-life companies and current events that can be used in the accounting classroom to illustrate introductory accounting concepts. The blog posts contain stories and discussion questions, making the blog a turnkey solution for instructors wanting to use real-life examples in their classes. All content is intended to be brief and fit easily into the typical introductory accounting class. In addition to the content found on the blog site, multiple-choice questions related to each blog post can be found in MyLab Accounting.
  • Learning Catalytics™ allows students to use any web-enabled device to participate in-class. Instructors can access a library of prebuilt questions or construct questions on their own to keep students engaged in the lecture. Learning Catalytics can be assigned to students synchronously or asynchronously and used for individual or group work. It can also place students in discussion groups based on their responses and location, regardless of class size.

Table of contents

  1. Introduction to Managerial Accounting
  2. Building Blocks of Managerial Accounting
  3. Cost Behaviour
  4. Cost-Volume-Profit Analysis
  5. Job Costing
  6. Process Costing
  7. Activity Based Costing
  8. Short-Term Business Decisions
  9. The Master Budget and Responsibility Accounting
  10. Flexible Budgets and Standard Costs
  11. Performance Evaluation and the Balanced Scorecard
  12. Capital Investment Decisions and the Time Value of Money
  13. Financial Statement Analysis (Online)
  14. Case Appendix: An Introduction to Case Analysis (Online)

Author bios

About our authors

Karen Wilken Braun recently retired from her role as Professor of Accountancy in the Weatherhead School of Management at Case Western Reserve University (CWRU). Though retired, she continues to teach personal finance classes and workshops to undergraduate students, faculty, and staff. During her time on faculty, Dr. Braun was awarded the “Outstanding Teacher of the Year” 5 times by the vote of undergraduate business students. In 2018, she was named one of Poets & Quants “Top 50 Undergraduate Business Professors” in the country and in 2017, she was named “Business Information Professional of the Year” in the category of Education, by Beta Alpha Psi (national level). In 2016, Dr. Braun was awarded the prestigious Bea Sanders/AICPA Teaching Innovation Award for her development of Excel-based active-learning resources for introductory managerial accounting courses. While on the faculty of CWRU, she also served for several years as Beta Alpha Psi adviser and director of the undergraduate accounting program. Prior to her appointment at CWRU, Dr. Braun was on the faculty of the J.M. Tull School of Accounting at the University of Georgia, where she also was the recipient of a student-selected teaching award.

Dr. Braun is a Certified Public Accountant and holds membership in the American Accounting Association (AAA), the Institute of Management Accountants, and the American Institute of Certified Public Accountants. She also holds the Chartered Global Management Accountant (CGMA) designation and is a member of the AAA's Management Accounting Section as well as the Teaching, Learning and Curriculum Section. Dr. Braun has held leadership positions with the AAA's Conference on Teaching and Learning in Accounting (CTLA) including co-chairing the 2015 and 2016 conferences. Dr. Braun's research interests revolve around accounting education, sustainability, corporate responsibility, and lean operations. Dr. Braun's work has been published in Contemporary Accounting Research, Issues in Accounting Education, Journal of Accounting Education, and Strategic Finance.

Dr. Braun received her Ph from the University of Connecticut and her BA, thema cum laude, from Luther College, where she was a member of Phi Beta Kappa. Dr. Braun gained public accounting experience while working at Arthur Andersen & Co. and accumulated additional business and management accounting experience as a corporate controller.

Dr. Braun is married and has 2 daughters and 4 stepdaughters. She enjoys traveling, hiking, biking, gardening and skiing, especially when she can share those activities with family or friends.

Wendy M. Tietz is a professor for the Department of Accounting in the Ambassador Crawford College of Business and Entrepreneurship at Kent State University. She teaches introductory financial and managerial accounting, advanced management accounting, and advanced accounting analytics and technology.

Dr. Tietz is a Certified Public Accountant, a Certified Management Accountant, and a Chartered Global Management Accountant and holds a Certificate in Strategy and Competitive Analysis. She is also a Microsoft Certified Trainer. Dr. Tietz also holds the SASB credential in Fundamentals of Sustainability Accounting. She is a member of the American Accounting Association (AAA), the Institute of Management Accountants (IMA), and the American Institute of Certified Public Accountants. She is a member of the AAA's Management Accounting Section as well as the Teaching, Learning and Curriculum Section. She has published in Strategic Finance, Journal of Emerging Technologies in Accounting, IMA Educational Case Journal, Issues in Accounting Education, Accounting Education: An International Journal, and Journal of Accounting & Public Policy. She regularly presents at AAA regional and national meetings.

Dr. Tietz was awarded the American Accounting Association/J. Michael and Mary Anne Cook/Deloitte Foundation Prize for undergraduate teaching in 2020. She also received the Institute of Management Accountants (IMA) R. Lee Brummet Exemplary Educator Award in 2022 for her work, leadership, and service in the field of management accounting. Dr. Tietz authors a blog, Accounting in the Headlines, which has real-world news stories and resources for use in the introductory accounting classroom. She was awarded the Bea Sanders/AICPA Teaching Innovation Award for her blog and the Jim Bulloch/IMA Award for Innovations in Management Accounting Education, also for her blog. Dr. Tietz also was awarded the Jim Bulloch/IMA Award for Innovations in Management Accounting Education in 2020 for data analytics projects she co-developed. She was awarded the Best Educational/Case Award for the Teaching, Learning and Curriculum Section (AAA, Ohio Region) in 2016 and the Best Paper Award for the Ohio Region TLC in 2021. She has also received an Honorable Mention for the Bea Sanders/AICPA Teaching Innovation Award in 2018, 2019, and 2021 for cases she co-wrote on data analytics projects in introductory accounting.

Dr. Tietz has held leadership positions with the AAA's Conference on Teaching and Learning in Accounting (CTLA) including co-chairing the 2020 and 2021 conferences. She is the president of AAA's Teaching, Learning and Curriculum Section (2022 to 2023), chair of the Ohio Regional Council of the Institute of Management Accountants (2021 to have 2022), a member of the AICPA's Academic Executive Committee, and a member or officer in a variety of other professional organizations.

Dr. Tietz earned her PhD from Kent State University. She received both her MBA and BSA from the University of Akron. She worked in industry for several years, both as a controller for a financial institution and as the operations manager and controller for a recycled plastics manufacturer

Dr. Tietz and her husband, Russ, have 2 grown sons. In her spare time, she enjoys walking, reading, playing games, and spending time with family and friends. She is also intensely interested in using technology in education.

Louis Beaubien is currently an Associate Professor in the Rowe School of Business in the Faculty of Management, and in the Department of Community Health and Epidemiology in the Department of Medicine at Dalhousie University. Dr. Beaubien is also the Academic Director of the Creative Destruction Lab (CDL) Atlantic, a university-based seed stage accelerator, which is part of the seven university CDL network founded at the University of Toronto in 2012. From 2008 to 2012, Professor Beaubien was on the faculty of the Sobey School of Business at Saint Mary's University, where he received the University Charter Teacher of the Year award.

Professor Beaubien is a Chartered Professional Accountant and a member of the Canadian Academic Accounting Association (CAAA) and the American Accounting Association (AAA). Dr. Beaubien received his Ph.D. from the Richard Ivey School of Business at the University of Western Ontario. Prior to graduate school he gained professional experience in the financial services and consulting industry. Dr. Beaubien's research has covered areas including accounting in financial services, the co-operative sector, and healthcare.

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