Clear introduction to key principles of Management Accounting
• Retains its focus on decision making to prepare students for a career in business
• Uses a step-by-step approach, equipping students with principles and techniques and building up their skills with the embedded Activities and applied Examples
Help students make sense of real accounting issues with relevant, real-life examples
UPDATED - New and updated Real World examples add variety and interest to the subject by making use of arresting new data and scenarios, helping students understand the theory as it actually is applied in practice in the business environment. By regularly checking the Real World boxes in every chapter your students will be able to connect accounting concepts with real companies’ decision-making and see the relevance of the techniques and issues they are learning about.
Enable group-work and individual learning & revision with helpful pedagogical features seamlessly woven into the text
• Handy brief Introductions at the outset of each chapter provide context and explain why the approach or topic in the chapter is significant, while visual diagrams and charts throughout the text illustrate make processes and conceptual discussions easy to grasp.
• REVISED - Regular Examples and Activities sections get students thinking and are chosen to come at the most helpful and most necessary points in each chapter.
• UPDATED - Chapters conclude with a Summary containing key points, Self-Assessment Question boxes, and a refreshed Critical Review Questions section to help students periodically consolidate and apply what they have been learning and to help them recap and build confidence in the subject.
• UPDATED – End of chapter exercises covering a range of levels which, together with the activities integrated throughout the book, provide excellent opportunities to test students’ knowledge of core ideas and to develop critical thinking. A full set of solutions is provided, some within the book and some as a download available for lecturers, found in the Instructor’s Manual at go.pearson.com/uk/he/resources.
Updated content reflecting changes in the field
NEW - Up-to-date coverage which incorporates current developments including AI and the future of budgeting.
NEW - Accurate information that takes into account the Global Management Accounting Principles published by CGMA in order to ensure the principles in the book tie up with professional standards.
Reach every student with MyLab Accounting
• Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs. It now includes an increased number of exercises and problems to assign for practice and formative or summative assessment.
o NEW - 5 video exercises covering key concepts in management accounting provide new animated videos which could be used to help consolidate concepts learned in class, or to check understanding in advance of upcoming teaching sessions. Students can refer to the video to help with their understanding the concept before answering a question or problem.
Topics include: Break-even Point (ch.3), Full costing (ch.4), Variance analysis (ch.7), Time Value of Money (ch.8), and Investment appraisal (ch.8)
o NEW - Helping students make the link between theory and how this applied in real world decision making, 6 extra Case Studies have been added to this MyLab Accounting, bringing the total to 9. Cases either incorporate Financial Times articles about real businesses - including AstraZeneca - or they detail the development of a fictional company’s financials in order to illustrate important topics. Cases are followed by questions for discussion in class and multiple choice questions.
o UPDATED - For this 10th edition, over 45 previously static questions have been turned into algorithmic ones, which means that each student works on a numerical problem that is individual to him or her. This brings the total number of algorithmic questions in MyLab to over 350.
o UPDATED - There are now 980 exercises in MyLab that can be selected and assigned for formative or summative work. Students can view their results and instructors can track student performance in the sophisticated Gradebook.
• Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need — when and where they need it — to be successful.
o UPDATED - The feedback given to students in response to their answers has been improved for 300 questions. This provides a greater quality of response at their point of need to help them learn from their incorrect answers and progress in their learning.
• Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust — and that keep your students engaged.
• Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.
New to This Edition
Updated content reflecting changes in the field
Up-to-date coverage which incorporatescurrent developments including AI and the future of budgeting.
Accurate information that takes into accountthe Global Management Accounting Principles published by CGMA in order toensure the principles in the book tie up with professional standards.
Help students develop a criticalunderstanding of accounting and apply problem-solving skills
Refreshed Critical Review Questions at end ofchapters, with new questions for this edition intended to require students topull together and apply knowledge of management accounting concepts that theyare learning.
End of chapter exercises covering a range of levels which,together with the activities integrated throughout the book, provide excellentopportunities to test students’ knowledge of core ideas and to develop criticalthinking. A full set of solutions is provided, some within the book and some asa download available for lecturers, found in the Instructor’s Manual at go.pearson.com/uk/he/resources.
Help students make sense of real accounting issues with relevant, real-life examples
New and updated Real World examples addvariety and interest to the subject by making use of arresting new data andscenarios, helping students understand the theory as it actually is applied inpractice in the business environment. By regularly checking the Real Worldboxes in every chapter your students will be able to connect accounting conceptswith real companies’ decision-making and see the relevance of the techniquesand issues they are learning about.
Reach every student using MyLab Accountingto assign practice exercises and formative or summative assessment
· New to this edition, 5 video exercises, with animationscovering key concepts in management accounting, can be assigned to students inorder to consolidate concepts learned in class, or to check understanding inadvance of upcoming teaching sessions. Students are able to refer to the videoto help with their understanding a concept before answering a related questionor problem. Topics include: Break-even Point (ch.3), Full costing (ch.4),Variance analysis (ch.7), Time Value of Money (ch.8), and Investment appraisal(ch.8).
· Helping students make the link between theory and how this appliedin real world decision making, 6 extra Case Studies have been added to thisMyLab Accounting, bringing the total to 9. Cases either incorporate FinancialTimes articles about real businesses - including AstraZeneca - or theydetail a fictional company’s financials in order to illustrate importanttopics. Cases are followed by questions for discussion in class and multiplechoice questions.
· For this 10th edition, over 45 previously static questions havebeen turned into algorithmic ones, which means that each student works on anumerical problem that is individual to him or her. This brings the totalnumber of algorithmic questions in MyLab to over 350.
· There are now 980 exercises in MyLab that can be selected andassigned for formative or summative work. Students can view their results andinstructors can track student performance in the sophisticated Gradebook.
· The feedback given in MyLab to students in response to theiranswers has been improved for 300 questions in the most used chapters. Thisprovides a greater quality of response at their point of need to help themlearn from their incorrect answers and progress in their learning.
