Managerial Accounting: Creating Value in a Dynamic Business Environment [Hardcover]

Ronald W. Hilton (Author)

Book Description

ISBN-10: 0072502878 | ISBN-13: 978-0072502879 | Publication Date: December 2, 2003 | Edition: 6th

In addition to featuring "real-world" business examples throughout, this text also includes "running cases" in each chapter to provide an integrated discussion of specific topics. It aims to provide a balance of managerial accounting topics in manufacturing, retail, non-profit and service-industry settings in order to show that managerial accounting is used by managers of all types of organizations, not just manufacturers. Each chapter is built around one major illustration and the text includes descriptions of such real companies as American Express, Wal-Mart, General Electric and McDonald's. As instructors often have differing views on the optimal chapter sequence, each chapter is a module which can be assigned in any order the instructor chooses. The book provides a blend of traditional material and up-to-date coverage of emerging topics in managerial accounting. Such innovations as just-in-time inventory systems, flexible manufacturing and computer-integrated manufacturing are changing the manufacturing environment and managerial accounting systems. This new edition discusses the importance of these changes - for instance, Chapter 5 is devoted entirely to cost management systems for the new manufacturing environment. The second edition also features a significant increase in end-chapter material. The number of assignment items (review questions, exercises, problems and cases) has been substantially increased. The number of cases has more than doubled. New missing-data problems have been added to allow students to build critical-thinking skills. In addition to new problem material, roughly 75% of the exercises, problems and cases from the first edition are either new or revised. Every chapter now has one or more problems and cases dealing with ethical issues. In addition, there are significant increases in the number of problems and cases that include international issues, critical thinking skills and written communication requirements. Step-by-step presentations have been added to explain various steps in te construction of a master budget and the steps in the implementation of an activity-based costing system. This edition also integrates contemporary topics throughout, including: earlier presentation of activity-based costing, featuring a conceptual introduction to ABC without getting into excessive detail; new coverage of performance measurement in the new manufacturing environment, including a discussion of the limitations of standard costing and a comparison of the relationships between ABC and standard costing; an expansion of international and ethical issues; and updated coverage of capital-budgeting practices, including an international discussion.

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

Editorial Reviews

About the Author

A Professor of Accounting at Cornell University, Professor Hilton teaches in the areas of managerial accounting and cost management systems. With bachelor's and master's degrees in accounting from The Pennsylvania State University, he received his Ph.D. from The Ohio State University. A Cornell faculty member since 1977, Professor Hilton also has taught accounting at Ohio State and the University of Florida, where he held the position of Walter J. Matherly Professor of Accounting. Prior to pursuing his doctoral studies, Hilton worked for Peat, Marwick, Mitchell and Company and served as an officer in the United States Air Force. Professor Hilton is a member of the Institute of Management Accountants and has been active in the American Accounting Association. He has served as associate editor of The Accounting Review and as a member of its editorial board. Hilton also has served on the editorial board of the Journal of Management Accounting Research. He has been a member of the resident faculties of both the Doctoral Consortium and the New Faculty Consortium sponsored by the American Accounting Association. With wide-ranging research interests, Hilton has published articles in many -journals, including the Journal of Accounting Research, The Accounting Review, -Management Science, Decision Sciences, The Journal of Economic Behavior and Organization, Contemporary Accounting Research, and the Journal of Mathematical Psychology. Author of Managerial Accounting, he also has published a monograph in the AAA Studies in Accounting Research series, is a co-author of Budgeting: Profit Planning and Control, and is a co-author of Cost Accounting: Concepts and Mana-ge-rial Applications. Professor Hilton's current research interests focus on contemporary cost management systems and international issues in managerial accounting. In recent years, he has toured manufacturing facilities and consulted with practicing managerial accountants in North America, Europe, Asia, and Australia. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 812 pages
• Publisher: Mcgraw-Hill (Tx); 6th edition (December 2, 2003)
• Language: English
• ISBN-10: 0072502878
• ISBN-13: 978-0072502879
• Product Dimensions: 10.9 x 8.5 x 1.3 inches
• Shipping Weight: 4.4 pounds
• Average Customer Review: 3.7 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #1,848,579 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 17 people found the following review helpful:

5.0 out of 5 stars AN OUTSTANDING BOOK ON MANAGERIAL ACCOUNTING, January 29, 2002

By 

Syed Kazim Raza, FCMA (Karachi, Pakistan) - See all my reviews

This review is from: Managerial Accounting (Hardcover)

I am teaching Management Accounting to the students of MBA and professional bodies for the last 21 years and have critically studied some of the best available text books on the subject. This book is very well written and covers the major topics. It is an outstanding book particularly for beginners and MBA students for a one semister course. The author has proovided good illustrations and a variety of exercises and problems at the end of chapter. However those who wish to specialise in Managerial Accounting need additional readings. I adopted this book for MBA students since its 1st edition was published. At present I have adopted the 5th edition which has been revised in line with the changing environment. Majority of the students have very much appreciated this book because it is easy to understand. I have observed that some students of professional bodies are also referring to this book for reference purpose.
This review pertains to the 5th International edition.

11 of 12 people found the following review helpful:

5.0 out of 5 stars Finest Managerial Accounting Text I've Read!, February 9, 1999

By A Customer

This review is from: Managerial Accounting (Hardcover)

This text is very valuable in that it doesn't require the student to needlessly crunch numbers in order to get an understanding of the concepts. The author cleverly presents the information in such a way that by doing short exercises the reader gains insight as to the underlying processes involved in creating managerial/cost accounting systems. This is far more valuable than following the rote-memorization technique that most managerial accounting texts utilize. Also, the inclusion of the newer, more analytical, techniques of structuring costing systems was particularly helpful.

The proof is in the pudding: Since utilizing this text, I have been able to add significant value to a $4B organization's costing efforts.

6 of 6 people found the following review helpful:

3.0 out of 5 stars This book isnt worth the money., January 1, 1999

By A Customer

This review is from: Managerial Accounting (Hardcover)

The fourth edition of managerial accounting by Hilton focuses more on pretty text covers and graphics than creating understandable text. I found this book confusing at points and lacking in complex examples with answers. Examples are not any good without an explanation. I feel this book is too expensive and you can learn managerial accounting a lot less painlessly with other books on the market.