Managerial accounting plays an essential role in helping today’s managers make effective business decisions for their companies. Now MANAGERIAL ACCOUNTING, 7E shows you how. With a focus on “Here’s How It’s Used,” this book makes managerial accounting meaningful, fun, and relevant to your life and business today. The book highlights exciting companies using relatable examples and scenarios throughout the book. You learn why managerial accounting is important, what it is, where managerial information comes from and how it is best used to make strong business decisions. You even explore emerging topics, such as sustainability, quality cost, lean accounting, international accounting, enterprise risk management, and forensic and fraud accounting. Accompanying videos and online materials help you understand and appreciate how managerial accounting is useful in both your professional and personal life.

Table of Contents

Ch 1: Introduction to Managerial Accounting

Ch 2: Basic Managerial Accounting Concepts

Ch 3: Cost Behavior and Forecasting

Ch 4: Job-Order Costing and Overhead Application

Ch 5: Activity-Based Costing and Management

Ch 6: Process Costing

Ch 7: Cost-Volume-Profit Analysis

Ch 8: Tactical Decision Making and Relevant Analysis

Ch 9: Profit Planning and Flexible Budgets

Ch 10: Standard Costing and Variance Analysis

Ch 11: Performance Evaluation and Decentralization

Ch 12: Capital Investment Decisions

Ch 13: Emerging Topics in Managerial Accounting

Ch 14: Statement of Cash Flows

Ch 15: Financial Statement Analysis

Review

“We have used the Mowen book for most of the ten years I’ve been at Oklahoma State. We are happy with the book and think it does a good job conveying information and facilitating classroom interactions with a wide variety of students.”

“I like how the book is concise, gives lots of examples, the cornerstone exercises at the end of each chapter build on the previous question, and the CengageNOW component is invaluable to the students and the instructors.”

“I have used the textbook for several years and enjoy using it because it is written clearly, well-organized, and rich in examples.”

About the Authors

Dr. Maryanne M. Mowen is associate professor of accounting emerita at Oklahoma State University. She received her Ph.D. from Arizona State University. With degrees in economics and history, she brings a unique interdisciplinary perspective to teaching and writing in both cost accounting and management accounting. Her research interests include management accounting, behavioral decision theory and Sarbanes-Oxley compliance. She also teaches an ethics course about the impact of Sarbanes-Oxley on the accounting profession. Dr. Mowen has published articles in journals such as Decision Science, Journal of Economic Psychology and Journal of Management Accounting Research. She has also served as a consultant to mid-sized and Fortune 100 companies and works with corporate controllers on management accounting issues. She advises entrepreneurs and nonprofit organizations. Outside the classroom, she enjoys hiking, traveling, reading and solving crossword puzzles.

Dr. Don R. Hansen is professor emeritus at Oklahoma State University. He has an undergraduate degree in mathematics from Brigham Young University. He received his Ph.D. from the University of Arizona. Dr. Hansen has published articles in both accounting and engineering journals, including The Accounting Review, The Journal of Management Accounting Research, Accounting Organizations and Society, Accounting Horizons and IIE Transactions. He has also served on the editorial board of The Accounting Review. His outside interests include family, church activities, reading, movies and watching sports.

Dr. Dan L. Heitger is the Deloitte Professor of Accounting and co-founder of the William Isaac & Michael Oxley Center for Business Leadership at Miami University. He received his Ph.D. from Michigan State University and his undergraduate degree in accounting from Indiana University. He actively works with executives and students to innovate, develop and teach courses in managerial accounting, performance measurement, business sustainability, risk management, stakeholder management and corporate governance. He co-founded an organization that provides executive education for large international organizations. His interactions with business professionals, through executive education and the center, allow him to bring a current and real-world perspective to his writing. His research has appeared in Harvard Business Review, Behavioral Research in Accounting, Accounting Horizons, Issues in Accounting Education, Journal of Accountancy, Journal of Accounting and Public Policy and Management Accounting Quarterly. His outside interests include hiking with his family in the national park system.