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Management Accounting Hardcover – January 15, 1997

ISBN-13: 978-0132557610 ISBN-10: 0132557614 Edition: 2nd

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Product Details

  • Series: Robert S. Kaplan Series in Management Accounting
  • Hardcover: 741 pages
  • Publisher: Prentice Hall; 2nd edition (January 15, 1997)
  • Language: English
  • ISBN-10: 0132557614
  • ISBN-13: 978-0132557610
  • Product Dimensions: 10.4 x 8.3 x 1.5 inches
  • Shipping Weight: 5.1 pounds
  • Average Customer Review: 3.1 out of 5 stars  See all reviews (30 customer reviews)
  • Amazon Best Sellers Rank: #6,743,636 in Books (See Top 100 in Books)

Editorial Reviews

Review

"The principles contained in this book are relevant to us on a daily basis as we make decisions that impact the sales and profits of the Butterfinger candy bar franchise. We use the tools to evaluate media spending, to determine the extent to which we customize product offerings for retailers, to determine when to increase/decrease number of SKUs in the franchise, to identify significant consumer complaints with the product so as to determine corrective action, etc. This is a must read for anyone interested in growing a business." – Anne Loveland, Associate Marketing Manager, Nestle USA

"The workplace has changed and so must the workforce. Accountants must now do more than keep the score–they must help make it. The creation and measurement of value is what business is about. The new edition provides the reader with the toolset to take on these new challenges. Filled with practical cases studies and examples, here's the roadmap to finance's new job requirements." – Peter A. Zampino, Director of Research, Consortium for Advanced Manufacturing International (CAM-I)

"I've used this book ...since 1995. From the outset this text has been revolutionary in its focus on creating value through innovative performance measurement and control. This theme resonates with our students who have taken financial accounting, finance and corporate strategy and understand the importance of securing competitive advantage through distinctive managerial practices." – Shannon Anderson, Rice University

--This text refers to an out of print or unavailable edition of this title.

From the Publisher

Unique in approach, this text provides a balanced, cohesive integration of management and accounting that has been noticeably missing from current texts. This book appeals to the general business student as well as the Accounting major. It teaches how a business manager uses management accounting information to solve problems and manage activities within an organization. Accounting majors aspiring to become management accountants learn how to design and operate information systems that create value for their organizations. The entire text blends contemporary theory and the latest research in management accounting with practical applications and actual company experiences.

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Customer Reviews

3.1 out of 5 stars
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See all 30 customer reviews
This is an excellente book for Accounting studies in MBA courses.
Joao H. Da Silva Jr.
When explaining information, they use too much of their own terminology, which can be very confusing if you don't understand that terminology.
cajunlala
The majority of the content relates very little to the problems from each chapter and the content is ambiguous.
Mark Twain

Most Helpful Customer Reviews

7 of 7 people found the following review helpful By Sung-Han Lee on March 14, 2004
Format: Hardcover
A very nice and neat accounting textbook! This book explains basic accounting concepts clearly, which helps me to master basic concepts of accounting with ease and simplicity. I had a great time to read this book, and it makes learning accounting as interesting as it can be. The introduction and summary of each chapter also help me to understand a big picture of management accounting as well as small details. The treatment of management accounting is thorough and highly advanced with many detailed examples in reality.
The reason that I recommend this book is extending basic concepts with real-world examples which apples underlying concepts of management accounting. This book shows how accounting is used and analyzed in actual case situations. Especially I noticed that the authors are experts at the Balanced Scorecard. The Balanced Scorecard chapter presents the most important concept and examples in a very organized manner. This book also encompasses important new topics in management accounting such as activity-based cost systems, JIT, target costing, pricing and product planning, performance measurement systems, and budgets.
I heard some textbooks too much focus on questions of calculating cost and deriving quantitative solutions. Unlike those textbooks which only teach mechanical procedures without understanding underlying factors, this textbook provides insightful knowledge about how management accounting information facilitates decision- making through various analysis tools.
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4 of 4 people found the following review helpful By W Boudville HALL OF FAMETOP 1000 REVIEWERVINE VOICE on April 17, 2007
Format: Hardcover
This reads like an introductory text in the subject. The maths treatment is pretty easy. Nothing approaching calculus, unlike many contemporary economics texts. Significant portions of the book revolve around the proper accounting of costs for developing and marketing a product.

Many examples are given from traditional manufacturing contexts. In part to give a concrete feel to the analysis of allocating effort.

Another important aspect covered is how to deal with cost driver changes. Where the rates of different factors can increase (rarely do they decrease!). You are also given multiple measures of performance. There is no single correct metric; an important lesson in itself.

Each chapter has a substantial exercise set at its conclusion. A deliberately non-trivial effort is needed to do these. But well worth it in order to drive home the chapters' ideas.
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7 of 9 people found the following review helpful By A Customer on July 3, 2002
Format: Hardcover
I've just completed my managerial accounting course with an "A" grade DESPITE having been assigned this text. These authors, like many accounting authors, don't know how to use language to convey the concepts they're attempting to get across. (Does that mean they're "numbers people" who can't use language correctly to develop ideas?? Perhaps!!!) Even more so, the way they choose to conceptually develop managerial accounting theory is somewhat farcical. If you've been assigned this text from your instructor, RUN OUT NOW AND INVESTIGATE OTHER MANAGERIAL ACCOUNTING TEXTS TO USE IN CONJUCTION WITH IT. (Try "Managerial Accounting" Weygandt, Kieso and Kimmel) The problem with "Management Accounting" is that it has little precision in describing the main issues of managerial accounting and wants to be an Operations Management text or Management text rather than an authentic Managerial Accounting text. As students, let's vote with our wallets and tell these accounting authors to get a 2nd degree in English so that they can actually convey to us the ideas they're attempting to convey!!! Tell your professor he/she needs to wake up and change texts! The book was written for people who really don't want to actually learn Managerial Accounting theory, but want to pretend to have learned it. It can't describe the critical concepts in enough detail for you to get a good grip on the material - and it's conceptual development of the theory is confusing. Switch it!
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5 of 6 people found the following review helpful By A Customer on April 8, 2001
Format: Hardcover
My MBA program used this book. I found the book easy to read and liked its consideration of behavioral issues usually ignored in other books. The book covers new and important topics in management accounting (activity-based costing, balanced scorecard, JIT, target costing, kaizen costing, environmental costing and benchmarking). A companion book (Readings in Management Accounting) has lots of articles describing applications of material presented in the textbook.
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1 of 1 people found the following review helpful By Sung-Han Lee on March 14, 2004
Format: Hardcover
A very nice and neat accounting textbook! This book explains basic accounting concepts clearly, which helps me to master basic concepts of accounting with ease and simplicity. I had a great time to read this book, and it makes learning accounting as interesting as it can be. The introduction and summary of each chapter also help me to understand a big picture of management accounting as well as small details. The treatment of management accounting is thorough and highly advanced with many detailed examples in reality.
The reason that I recommend this book is extending basic concepts with real-world examples which apples underlying concepts of management accounting. This book shows how accounting is used and analyzed in actual case situations. Especially I noticed that the authors are experts at the Balanced Scorecard. The Balanced Scorecard chapter presents the most important concept and examples in a very organized manner. This book also encompasses important new topics in management accounting such as activity-based cost systems, JIT, target costing, pricing and product planning, performance measurement systems, and budgets.
I heard some textbooks too much focus on questions of calculating cost and deriving quantitative solutions. Unlike those textbooks which only teach mechanical procedures without understanding underlying factors, this textbook provides insightful knowledge about how management accounting information facilitates decision- making through various analysis tools.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
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