The emphasis of Managerial Accounting 6e 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, Nonprofit 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.
Key Features
The End of Chapter material has been dramatically changed and or updated with almost all
new variables in the EOC problems. This will aid student understanding and give
instructors more options in assigning problem material.
14 of the 18 chapters now include much-praised Focus on Ethics segments, which pose
ethical dilemmas or discuss ethical issues and then ask the student for his or her opinion
about the issue. Some of these are based on issues reported in the press; others are based
on well-established anecdotal evidence.
New coverage of environmental cost managementa hot, new topic in the field.
n response to reviewer feedback Hilton now has expanded coverage of the Balanced
Scorecard. Based on reviewer feedback, the author has added more coverage in chapters 1
and 10.
Chapter 16 now covers capital budgeting, and is formally divided into three modular
sections to help instructors tailor the coverage to their own course: Section I:
Discounted Cash Flow Analysis, Section II: Income Taxes and Capital Budgeting, Section
III: Alternative Methods for Making Investment Decisions.
Select challenging topics found in each chapter are more fully explored and illustrated by
the Topic Tackler software tutorial. Selected topics are highlighted in the text with a
logo. Topic Tackler provides a step-by-step sequence of video, PowerPoint slides,
interactive practice exercises and self tests to develop difficult text topics. The
tutorial is on the Student CD.
Management Accountants: In Their Own Words This feature incorporates actual quotes
from practicing managerial accountants. This serves as a friendly, informal teaching
device designed to show students how the field is changing and highlight the accountant s
role in companies cross-functional management teams.
Enhanced Proactive Managerial Focus In Chapter One,which Hilton
redefines the role of the managerial accountant as an important strategic partner in an
organization s management team.
Focus Companies One of the hallmark features of Hiltons Managerial
Accounting is its pioneering of the focus company approach. By using focus companies
to illustrate concepts, students immediately see the importance of the material and become
excited about the content. Each chapter is written around a realistic business that
introduces the reader to the topics of that chapter. This feature conveys the importance
of managerial accounting and stimulates students interest (The one exception is Disney, a
real company, in chapter one). Each chapter is written as a self-contained unit to allow
instructors maximum flexibility in topic sequencing.
The balanced presentation of Service, Retail, Nonprofit, and Manufacturing examples will
remain. Of the focus companies used, 11 are set in the manufacturing sector, 7 involve
service industry firms, 3 are retail companies, and 3 involve nonprofit or governmental
settings. Four of these companies are dot.com enterprises. Front Endsheets list all the
focus companies. There are also URLs for the real companies used in the chapters listed on
back endsheets.
Table of Contents
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 3 Appendix Activity-Based Costing: An Introduction
Chapter 4 Process Costing and Hybrid Product-Costing Systems
Chapter 4 Appendix Process Costing in Sequential Production Departments
Chapter 5 Activity-Based Costing and Cost Management Systems
Chapter 6 Activity-Based Management and Today's Advanced Manufacturing Environment
Chapter 7 Activity Analysis, Cost Behavior, and Cost Estimation
Chapter 7 Appendix Finding the Least-Squares Regression Estimates
Chapter 8 Cost-Volume-Profit Analysis
Chapter 8 Appendix Effect of Income Taxes
Chapter 9 Profit Planning, Activity Based Budgeting, and e-Budgeting
Chapter 9 Appendix Inventory Management
Chapter 10 Standard Costing, Operational Performance Measures and the Balanced Scorecard
Chapter 10 Appendix Use of Standard Costs for Product Costing
Chapter 11 Flexible Budgeting and the Management of Overhead and Support Activity Costs
Chapter 11 Appendix A Standard Costs and Product Costing
Chapter 11 Appendix B Sales Variances
Chapter 12 Responsibility Accounting, Quality Control and Environmental Cost Management
Chapter 13 Investment Centers and Transfer Pricing
Chapter 14 Decision Making: Relevant Costs and Benefits
Chapter 14 Appendix Linear Programming
Chapter 15 Target Costing and Cost Analysis for Pricing Decisions
Chapter 16 Capital Expenditure Decisions
Chapter 16 Appendix A Future Value and Present Value Tables
Chapter 16 Appendix B Impact of Inflation
Chapter 17 Absorption, Variable and Throughput Costing
Chapter 17 Appendix Effect of the Volume Variance under Absorption and Variable Costing
Chapter 18 Allocation of Support Activity Costs and Joint Costs
Chapter 18 Appendix Reciprocal Services Method
Appendix I Compound Interest and the Concept of Present Value
Appendix II References for Management Accountants: In Their Own Words
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