Managerial Accounting: Creating Value in a Dynamic Business Environment: 2026 Release ISE

1. The Changing Role of Managerial Accounting in a Dynamic Business Environment
2. Basic Cost Management Concepts
3. Product Costing and Cost Accumulation in a Batch Production Environment
4. Process Costing and Hybrid Product-Costing Systems
5. Activity-Based Costing and Management
6. Activity Analysis, Cost Behavior, and Cost Estimation
7. Cost-Volume-Profit Analysis
8. Variable Costing and the Measurement of ESG and Quality Costs
9. Financial Planning and Analysis: The Master Budget
10. Standard Costing and Analysis of Direct Costs
11. Flexible Budgeting and the Management of Overhead and Support Activity Costs
12. Responsibility Accounting and the Balanced Scorecard
13. Investment Centers and Transfer Pricing
14. Decision Making: Relevant Costs and Benefits
15. Target Costing and Cost Analysis for Pricing Decisions
16. Capital Expenditure Decisions
17. Allocation of Support Activity Costs and Joint Costs


Appendix I: The Sarbanes-Oxley Act, Internal Controls, and Management Accounting
Appendix II: Compound Interest and the Concept of Present Value
Appendix III: Inventory Management

The goal of Managerial Accounting is to acquaint students of business with the fundamental tools of managerial decision making and provide a context for understanding and reacting to the dramatic ways in which business is changing. The emphasis throughout the text is on using accounting information to help manage an organization while explaining concepts in a way that students can relate to. They should not only be able to produce accounting information but also understand how managers are likely to use and react to the information in a range of businesses.