Management and Cost Accounting, 8th edition

Published by Pearson (5 July 2024) © 2024

  • Alnoor Bhimani The London School of Economics and Political Science
  • Srikant M. Datar Harvard University
  • Charles Horngren Edmund W. Littlefield Professor Emeritus of Accounting at Stanford University
  • Madhav V. Rajan University of Chicago
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Access details

  • Instant access once purchased
  • Offline access via app

Features

  • Learn with videos and interactives*
  • Highlight-to-translate in 100+ languages
  • Practice with quizzes and flashcards
  • AI-powered study support*

*Available for some titles

Title overview

Management and Cost Accounting, 8th Edition provides a comprehensive and practical introduction to the principles, techniques, and strategic applications of management accounting. Written in a clear and accessible style, it connects core accounting concepts with real-world business decision-making, helping students understand how organisations use financial information to plan, control operations, and drive performance. With a strong international perspective, the text features case studies and examples from organisations around the world, demonstrating how management accounting supports managers in diverse industries and business environments.

Reflecting the rapidly evolving role of the modern accountant, this edition explores contemporary topics including sustainability, digital transformation, artificial intelligence, automation, blockchain technologies, and the Internet of Things. Richly illustrated with practical examples, Concepts in Action features, professional accounting exercises, and case studies, the text helps students apply theory to real business challenges. Coverage spans essential topics such as costing systems, decision-making, budgeting, performance measurement, strategy, and sustainability, providing a solid foundation for academic success and future professional practice.

Table of contents

  • Part 1 Management and cost accounting fundamentals
  • The manager and management accounting
  • An introduction to cost terms and purposes
  • Job costing
  • Process costing
  • Cost allocation
  • Cost allocation: joint-cost situations
  • Income effects of alternative stock-costing methods
  • Part 1 Case study problems
  • Part 2 Accounting information for decision making
  • Cost-volume-profit analysis
  • Determining how costs behave
  • Relevant information for decision making
  • Activity-based costing
  • Pricing issues and customer profitability analysis
  • Capital investment decisions
  • Part 2 Case study problems
  • Part 3 Planning and budgetary control systems
  • Motivation, budgets and responsibility accounting
  • Flexible budgets, variances and management control: I
  • Flexible budgets, variances and management control: II
  • Measuring yield, mix and quantity effects
  • Part 3 Case study problems
  • Part 4 Management control systems and performance issues
  • Control systems and transfer pricing
  • Control systems and performance measurement
  • Part 4 Case study problems
  • Part 5 Strategy, quality, time and emerging issues
  • Strategy, the balanced scorecard and quality
  • Strategy, the balanced scorecard and quality
  • Emerging issues: digitalisation and sustainability
  • Part 5 Case study problems
  • Appendix A: Solutions to selected exercises
  • Glossary
  • Subject Index

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