Management Accounting: Creating Value in a Dynamic Business Environment (5th Edition): Creating Value in a Dynamic Business Environment (5th Edition)

Author: Hilton
Publisher:
Publish Date: 2002-09-01
Features: Management Accounting is a rare and indispensable specialized work that combines theory and practice in the field, authored by Ronald W. Hilton, a renowned American accounting scholar and professor at Cornell University. This is the significantly revised 5th edition. The book is comprehensive, rich in content, and logically rigorous, integrating the new era's context to start from the calculation and management of costs and progressively delve into detailed discussions on how management accounting fully fulfills its role in planning, accounting, decision-making, control, analysis, and performance evaluation within corporate management and the accounting cycle. The book collects vivid cases covering various industries and departments, including manufacturing, services, retail, and non-profit organizations, and incorporates numerous ".com company" cases, closely aligning with the pulse of economic development and exuding a fresh, contemporary atmosphere. Against the backdrop of real-world business scenarios, it explains in an accessible manner key management accounting topics such as batch product cost calculation, activity-based costing and activity management, cost-volume-profit analysis, standard cost calculation, and performance evaluation. This allows readers to gain a practical understanding of the latest knowledge in management accounting while also providing practitioners with a reference for mastering and applying these concepts, effectively addressing the challenge of combining theoretical depth with practical applicability that many other works struggle to resolve. The book is suitable for theoretical researchers and practitioners in management accounting, as well as graduate and undergraduate students in related fields at universities.