Discover the comprehensive insights offered by Horngren/Sundem/Stratton's "Introduction to Management Accounting," 14th Edition. This best-selling book provides a relevant, real-world decision-making approach to management accounting, making it an essential resource for anyone looking to deepen their understanding of the field. As readers engage with the material, they will develop a solid grasp of costs and cost behavior, as well as the use of cost information for planning and control decisions, extending beyond mere inventory valuation.
The book emphasizes the critical notion that "You need to understand the business first, before you can understand the accounting of business." This foundational perspective is woven throughout the text, ensuring that readers appreciate the broader business context in which accounting operates. Updated to include the most recent methods in management accounting, the book covers a wide range of topics essential for modern accountants and managers.
Key topics explored in this edition include cost behavior, cost management systems, and activity-based costing. Readers will also delve into marketing and product decisions, the master budget, flexible budget and variance analysis, and management control systems. Additionally, the book addresses capital budgeting, cost allocation, job-costing, and process-costing systems, alongside basic accounting concepts, techniques, and conventions. Corporate financial reports are also thoroughly examined, providing a well-rounded understanding of management accounting in today's business environment.
- Author: Horngren, Charles T.
- Binding: Hardcover
- Language: English
- Publication Date: 2007
- Edition: 14th
- Series Title: Fourteenth Edition
- Pages: 679
- Subject Keyword: Business
