Introduction to Management Accounting A User Perspective

Mike Werner and Kumen Jones have crafted an exciting text designed to meet the needs of those faculty and students who are eager to embrace a user perspective in first-year accounting.Introduction to Management Accounting: A User Perspective, Second Edition, maintains the authors' well-received user approach and places a strong emphasis on decision making. Other unique features include: NEW Separate Chapter on Cost Allocation and ABC (Chapter 4). User-Driven Approach to Cost Behavior (Chapters 5 and 6). NEW Section on using Microsoft Excel for charting and analyzing mixed costs (Chapter 5). NEW Section in the capital budgeting chapter (Chapter 8) on using financial calculators for future value and present value calculations. Distinctive Presentation of the Operating Budget (Chapter 9). Part I describes the importance and uses of the operating budget and compares/contrasts various approaches to preparation. Part II shows step-by-step preparation of the budgets that comprise the operating budget and details the use of the operating budget in the overall management process. Unique Chapter on Evaluating Performance (Chapter 11) discusses evaluation methods; centralized and decentralized management styles; business segments; return on investment and residual income; the balanced scorecard and nonfinancial measures, such as quality, customer satisfaction, employee morale, employee safety, efficiency, and just-in-time philosophy.Werner, Michael L. is the author of 'Introduction to Management Accounting A User Perspective', published 2003 under ISBN 9780130327505 and ISBN 0130327506.