Management Accounting: Creating Value in a Dynamic Business Environment

Author: Hilton
Publisher:
Publish Date: 2003-09-01
Features: This book is a renowned work by Ronald W. Hilton, a distinguished American accounting scholar and professor at Cornell University, considered one of the most outstanding examples of combining theory and practice in the field. Mr. Yan Da Wu, a highly respected figure in China's accounting academia, deeply appreciates this book and personally supervised its translation. The management accounting practice and discussions of management accountants are based on real-life stories. The majority of the numerous examples, while not all real-life stories, are realistic simulations of actual scenarios. Many of the end-of-chapter exercises are adapted directly from the exam questions of the Certified Management Accountant (CMA) and Certified Public Accountant (CPA). Based on the fourth edition, this book has undergone substantial updates, making it even easier to learn and use. Each chapter is structured around a central example that encapsulates the main content of the chapter and runs throughout, allowing students to gain a deeper understanding of all aspects of the topic. The author explains the fundamentals of management accounting and cost accumulation systems, cost management systems, activity-based costing and management, planning, control, and cost management systems, the application of management accounting information in decision-making processes, and other management accounting topics worth further study. Mr. Ronald W. Hilton has fully summarized the experience of the previous four editions and provided more contemporary examples from various industries and sectors, such as manufacturing, services, retail, and non-profit organizations. Many new cases of ".com" companies have been added, and the book introduces its knowledge points, the latest developments in accounting practice, and the role of management accountants in modern organizations through diverse formats. Target Audience: Senior undergraduate and graduate students in accounting majors; MBA students; accounting researchers; business management personnel; accounting professionals.