The emphasis of "Managerial Accounting, 7e" is on teaching students to use accounting information to best manage an organization. In a practice, Hilton pioneered in the first edition, each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. Known for balanced examples of service, retail, non-profit and manufacturing companies, Hilton offers a clear, engaging writing style that has been praised by instructors and students alike. As in previous editions, there is significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, customer profitability analysis, and throughput costing while also including traditional topics such as job-order costing, budgeting and performance evaluation.
Part I Fundamentals and Cost-Accumulations Systems Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment Chapter 4 Process Costing and Hybrid Product-Costing Systems Part II Cost Management Systems, Activity-Based Costing, and Activity-Based Management Chapter 5 Activity-Based Costing Chapter 6 Activity-Based Management and Cost Management Tools Part III Planning, Control, and Cost Management Systems Chapter 7 Activity Analysis, Cost Behavior, and Cost Estimation Chapter 8 Cost-Volume-Profit Analysis Chapter 9 Profit Planning, Activity-Based Budgeting, and e-Budgeting Chapter 10 Standard Costing, Operational Performance Measures and the Balanced Scorecard Chapter 11 Flexible Budgeting and the Management of Overhead and Support Activity Costs Chapter 12 Responsibility Accounting, Quality Control and Environmental Cost Management Chapter 13 Investment Centers and Transfer Pricing Part IV Selected Topics for Further Study Chapter 14 Decision Making: Relevant Costs and Benefits Chapter 15 Target Costing and Cost Analysis for Pricing Decisions Chapter 16 Capital Expenditure Decisions Part V Selected Topics for Further Study Chapter 17 Absorption, Variable and Throughput Costing Chapter 18 Allocation of Support Activity Costs and Joint Costs Appendix I The Sarbanes-Oxley Act, Internal Controls, and Management Accounting Appendix II Compound Interest and the Concept of Present Value Appendix III Inventory Management References for In their Own Words Glossary Photo Credits Index of Companies and Organizations Index of Subjects