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Cover of Managerial Accounting v2.0
Published: 
April 2016
Page Count: 
672
ISBN (Digital): 
978-1-4533-7464-1

Managerial Accounting

Version 2.0
By Kurt Heisinger and Joe Ben Hoyle

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Managerial Accounting

 

Kurt Heisinger & Joe Ben Hoyle

In writing Managerial Accounting, Kurt Heisinger and Joe Hoyle’s goals were simple:

    • Deliver a modern look at managerial accounting while working within the confines of students’ busy lives
    • Help students learn the basics of accounting in the most efficient way possible
    • Allow instructors to teach the course they want to teach and assign what they want to assign.

    This textbook is suitable for these courses: Managerial Accounting

    This textbook is suitable for 2 and 4 year institutions.

    PEDAGOGICAL FEATURES:

    Managerial Accounting was written around three major themes: Ready, Reinforcement and Relevance. This book is aimed squarely at new learning styles evident with today’s students and addresses accounting industry changes as well.

      • READY:

        • This book adopts a concise, jargon-free, and easy-to-understand approach that is ready with concise sections and concepts when the student is ready to study in a format the student wants. Key concepts are provided in short segments with bullet points and step-by-step instructions to simplify concepts. This approach will help your students avoid distractions and focus attention on the big picture.

      • REINFORCEMENT:

        • Managerial Accounting boasts “Review Problems” at the end of each major section or learning objective which offer practical opportunities for students to apply what they have learned. These “Review Problems” allow students to immediately reinforce what they have learned and are provided within the body of the chapter along with the solutions.

      • RELEVANCE:

        • Since all students perform better when they can answer the “why” question, meaningful references to companies throughout the chapters help students tie chapter concepts to real organizations. In addition, realistic managerial scenarios present an issue that must be addressed by the management accountant. These will pique your students’ interest and were designed to show how issues can be resolved using the concepts presented in the chapter.

      • BUSINESS IN ACTION FEATURES:

        • These features link managerial decision-making to real business decisions to help your students complete the learning cycle from concept, to accounting decision, to real-world application.

      • CUSTOMIZABILITY:

        • The Flat World Knowledge publishing model allows instructors to adapt the textbook to the exact needs of their specific class and student body.

        See how easy it is to customize a textbook in this 4 minute demo: Flat World Editing Platform Video Demo



        What's New in Version 2.0

          • End-of-chapter exercises have been updated and moved to a separate segment at the end of each chapter to make assignments more readily available to students.
          • Many Business in Action vignettes have been updated in each chapter.
          • Financial information for real companies has been updated.
          • Figures and footnotes throughout the text have been clarified based on instructor and student feedback.
  • About the Authors
  • Acknowledgments
  • Dedication
  • Preface

    • Chapter 1: What Is Managerial Accounting?

  • 1.1 Characteristics of Managerial Accounting
  • 1.2 Planning and Control Functions Performed by Managers
  • 1.3 Key Finance and Accounting Personnel
  • 1.4 Ethical Issues Facing the Accounting Industry
  • 1.5 Computerized Accounting Systems
  • 1.6 Cost Terminology
  • 1.7 How Product Costs Flow through Accounts
  • 1.8 Income Statements for Manufacturing Companies
  • 1.9 End-of-Chapter Exercises

    • Chapter 2: How Is Job Costing Used to Track Production Costs?

  • 2.1 Differentiating Job Costing from Process Costing
  • 2.2 How a Job Costing System Works
  • 2.3 Assigning Manufacturing Overhead Costs to Jobs
  • 2.4 Job Costing in Service Organizations
  • 2.5 Chapter Wrap-Up: Summary of Cost Flows at Custom Furniture Company
  • 2.6 End-of-Chapter Exercises

    • Chapter 3: How Does an Organization Use Activity-Based Costing to Allocate Overhead Costs?

  • 3.1 Why Allocate Overhead Costs?
  • 3.2 Approaches to Allocating Overhead Costs
  • 3.3 Using Activity-Based Costing to Allocate Overhead Costs
  • 3.4 Using Activity-Based Management to Improve Operations
  • 3.5 Using Activity-Based Costing (ABC) and Activity-Based Management (ABM) in Service Organizations
  • 3.6 Variations of Activity-Based Costing (ABC)
  • 3.7 End-of-Chapter Exercises

    • Chapter 4: How Is Process Costing Used to Track Production Costs?

  • 4.1 Comparison of Job Costing with Process Costing
  • 4.2 Product Cost Flows in a Process Costing System
  • 4.3 Determining Equivalent Units
  • 4.4 The Weighted Average Method
  • 4.5 Preparing a Production Cost Report
  • 4.6 End-of-Chapter Exercises

    • Chapter 5: How Do Organizations Identify Cost Behavior Patterns?

  • 5.1 Cost Behavior Patterns
  • 5.2 Cost Estimation Methods
  • 5.3 The Contribution Margin Income Statement
  • 5.4 The Relevant Range and Nonlinear Costs
  • 5.5 Appendix: Performing Regression Analysis with Excel
  • 5.6 End-of-Chapter Exercises

    • Chapter 6: How Is Cost-Volume-Profit Analysis Used for Decision Making?

  • 6.1 Cost-Volume-Profit Analysis for Single-Product Companies
  • 6.2 Cost-Volume-Profit Analysis for Multiple-Product and Service Companies
  • 6.3 Using Cost-Volume-Profit Models for Sensitivity Analysis
  • 6.4 Impact of Cost Structure on Cost-Volume-Profit Analysis
  • 6.5 Using a Contribution Margin When Faced with Resource Constraints
  • 6.6 Income Taxes and Cost-Volume-Profit Analysis
  • 6.7 Using Variable Costing to Make Decisions
  • 6.8 End-of-Chapter Exercises

    • Chapter 7: How Are Relevant Revenues and Costs Used to Make Decisions?

  • 7.1 Using Differential Analysis to Make Decisions
  • 7.2 Make-or-Buy Decisions
  • 7.3 Product Line Decisions
  • 7.4 Customer Decisions
  • 7.5 Review of Cost Terms Used in Differential Analysis
  • 7.6 Special Order Decisions
  • 7.7 Cost-Plus Pricing and Target Costing
  • 7.8 Identifying and Managing Bottlenecks
  • 7.9 Be Aware of Qualitative Factors
  • 7.10 Appendix: Making Decisions Involving Joint Costs
  • 7.11 End-of-Chapter Exercises

    • Chapter 8: How Is Capital Budgeting Used to Make Decisions?

  • 8.1 Capital Budgeting and Decision Making
  • 8.2 Net Present Value
  • 8.3 The Internal Rate of Return
  • 8.4 Other Factors Affecting NPV and IRR Analysis
  • 8.5 The Payback Method
  • 8.6 Additional Complexities of Estimating Cash Flows
  • 8.7 The Effect of Income Taxes on Capital Budgeting Decisions
  • 8.8 Appendix: Present Value Tables
  • 8.9 End-of-Chapter Exercises

    • Chapter 9: How Are Operating Budgets Created?

  • 9.1 Planning and Controlling Operations
  • 9.2 The Budgeting Process
  • 9.3 The Master Budget
  • 9.4 Budgeting in Nonmanufacturing Organizations
  • 9.5 Ethical Issues in Creating Operating Budgets
  • 9.6 End-of-Chapter Exercises

    • Chapter 10: How Do Managers Evaluate Performance Using Cost Variance Analysis?

  • 10.1 Flexible Budgets
  • 10.2 Standard Costs
  • 10.3 Direct Materials Variance Analysis
  • 10.4 Direct Labor Variance Analysis
  • 10.5 Variable Manufacturing Overhead Variance Analysis
  • 10.6 Determining Which Cost Variances to Investigate
  • 10.7 Using Variance Analysis with Activity-Based Costing
  • 10.8 Fixed Manufacturing Overhead Variance Analysis
  • 10.9 Appendix: Recording Standard Costs and Variances
  • 10.10 End-of-Chapter Exercises

    • Chapter 11: How Do Managers Evaluate Performance in Decentralized Organizations?

  • 11.1 Using Decentralized Organizations to Control Operations
  • 11.2 Maintaining Control over Decentralized Organizations
  • 11.3 Comparing Segmented Income for Investment Centers
  • 11.4 Using Return on Investment (ROI) to Evaluate Performance
  • 11.5 Using Residual Income (RI) to Evaluate Performance
  • 11.6 Using Economic Value Added (EVA) to Evaluate Performance
  • 11.7 Wrap-Up of Game Products, Inc.
  • 11.8 Appendix: Transfer Prices between Divisions
  • 11.9 End-of-Chapter Exercises

    • Chapter 12: How Is the Statement of Cash Flows Prepared and Used?

  • 12.1 Purpose of the Statement of Cash Flows
  • 12.2 Three Types of Cash Flow Activities
  • 12.3 Four Key Steps to Preparing the Statement of Cash Flows
  • 12.4 Using the Indirect Method to Prepare the Statement of Cash Flows
  • 12.5 Analyzing Cash Flow Information
  • 12.6 Appendix: Using the Direct Method to Prepare the Statement of Cash Flows
  • 12.7 End-of-Chapter Exercises

    • Chapter 13: How Do Managers Use Financial and Nonfinancial Performance Measures?

  • 13.1 Trend Analysis of Financial Statements
  • 13.2 Common-Size Analysis of Financial Statements
  • 13.3 Ratio Analysis of Financial Information
  • 13.4 Wrap-Up of Chapter Example
  • 13.5 Nonfinancial Performance Measures: The Balanced Scorecard
  • 13.6 End-of-Chapter Exercises
    • Instructor’s Manual

    Instructor’s Manual

    The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

    Instructor’s Manual

    PowerPoint Lecture Notes

    PowerPoint Lecture Notes

    A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

    PowerPoint Lecture Notes

    Test Bank Files for Import to Learning Management Systems

    Test Bank Files for Import to Learning Management Systems

    For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

    Solutions Manual

    Solutions Manual

    For exercises that need a little more explanation, our Solutions Manual will take you step by step through solving the problem and offer explanations on the answer.

    Solutions Manual

    Test Item File

    Test Item File

    Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

    Other Supplements

    Other Supplements

    Solutions manuals, sample exams, video learning segments, workbooks, cases and lab manuals are just some of the extras our books will offer depending on the needs of the course. Click here to see what this textbook offers.

    At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.


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    Kurt Heisinger Sierra College

    Kurt Heisinger (CMA, CPA, MBA) teaches financial and managerial accounting full time and holds a tenured position at Sierra College. He recently received the Faculty of the Year award, which was voted on and presented by the Associated Students of Sierra College. Kurt has also taught accounting classes at the University of California at Davis, Sacramento City College, and American River College.

    Kurt began his career in public accounting with Ernst & Young and continued as a manager of a large local accounting firm in Northern California. He received his MBA at the University of California at Davis and is a certified management accountant (CMA) and certified public accountant (CPA). The knowledge Kurt gained from his seven years in industry and more than twenty years in education has enabled him to write a clear and concise book aimed at students with a variety of backgrounds.

    Joe Ben Hoyle University of Richmond

    Joe Hoyle is an Associate Professor of Accounting at the Robins School of Business at the University of Richmond. In 2006, he was named by Businessweek as one of 26 favorite undergraduate business professors in the United States. In 2007, he was selected as the Virginia Professor of the Year by the Carnegie Foundation for the Advancement of Teaching and the Council for the Advancement and Support of Education. In 2009, he was judged to be one of the 100 most influential members of the accounting profession by Accounting Today. In 2015, he was the inaugural recipient of the J. Michael and Mary Anne Cook Prize, recognized for consistently demonstrating the attributes of a superior teacher in the accounting discipline at an undergraduate level. Hoyle earned his BA degree in accounting from Duke University and his MA degree in business and economics, with a minor in education, from Appalachian State University. Hoyle also has three decades of experience operating his own CPA (Certified Public Accountant) Exam review programs. In 2008, he created CPA Review for Free (http://www.CPAreviewforFREE.com), which provides thousands of free questions to help accountants around the world prepare for the CPA Exam.

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