Managerial Accounting, 8th Edition, is a managerial accounting textbook for introductory managerial and cost accounting courses. Using real examples and hands-on Excel practice, authors Wendy Tietz and Karen Braun show how financial information helps managers make decisions, plan operations, and improve business performance.
In exploring cost behavior, standard costs, variance analysis, activity-based costing (ABC), and job order and process costing, you’ll develop skills to analyze costs, measure performance, and build budgets. Add to this a study of budgeting and cost-volume-profit (CVP) analysis, including contribution margin and break-even analysis, and you’ll be prepared to price products and forecast profits. Finally, as you develop skills in capital budgeting and financial statement analysis, you’ll be able to evaluate investments and use financial information to support strategic business decisions.
The 8th Edition introduces new financial analysis problems and more in-depth data analytics projects. This edition considers the impact of AI on today’s businesses, while evaluating the accounting decisions of companies ranging from Ford and Etsy to Sphere Entertainment.