Management Accounting: A Business Planning Approach

Management Accounting: A Business Planning Approach has three specific objectives: to introduce students to strategy and its impact on process and performance; to help students understand basic business processes and their inherent risks; and to emphasize the importance of managerial accounting information in making decisions about strategy, process, and performance.The instructional content is contextualized in the unfolding story of a business. In each chapter students see how target skills and tools are applied in real-world business situations. Specific topics include evaluating financial performance, planning profitable operations, using forecasting tools and techniques, analyzing budgets and costs, and preparing and presenting business plans.All chapters include mini-cases, a step-by-step, semester-long business planning module, guides to free Web resources that expand on the content, and images and illustrations that link the content to contemporary examples of real-world practice. Built around authentic business problems and information needs, Management Accounting prepares students to compete in today's dynamic business environment, making it an ideal text for both undergraduate and graduate management accounting courses.