The new fourth edition of Management Accounting by Professor Will Seal offers comprehensive coverage as well as a balance between the technical and conceptual approaches to management accounting. Retaining its student friendly writing style and practical approach, it is the ideal text for students studying management accounting across a variety of levels, from introductory through to advanced levels. Key features include: New real-world examples from companies such as Sainsburys, Gap, and Renault, plus coverage of topical events such as the bankers bonuses debate and the Mexico oil spill have been added to every chapter to increase application, ensuring students fully understand how management accounting is relevant to their future careers. A balanced approach with examples from both the manufacturing and services industries toreflect the current economic environment and varied nature of management accounting. Plentiful opportunities to practise key concepts and techniques through the books assessment material which brings the practical uses of management accounting to the fore.
Review questions are now highlighted by level of difficulty to offer progressive learning for students. A student-friendly writing style supported by illustrative material, such as colour photographs, exhibits and screenshots, creating an accessible and easy-to-use textbook.
Part I: An introduction to management and cost accounting: cost terms, systems design and cost behaviour 1 Management accounting and the business environment 2 An introduction to cost terms, concepts and classifications 3 Job-order and service department costing 4 Process costing 5 Cost behaviour: analysis and use Part II: Information for decision-making 6 Profit reporting under variable costing and absorption costing 7 Cost-volume-profit relationships 8 Activity-based costing 9 Relevant costs for decision making 10 Capital investment decisions Part III: Planning and control 11 Profit planning and the role of budgeting 12 Standard costs and variance analysis 13 Flexible budgets and performance reporting 14 Segment reporting and decentralization 15 Pricing and intra-company transfers Part IV: Value metrics and performance management in a strategic context 16 Value-based management and strategic management accounting 17 Performance management, management control and corporate governance 18 Business process management: towards the lean operation 19 Strategic perspectives on cost management