Description
Timely managerial accounting textbook with coverage of artificial intelligence, automation, and analytics
Recent developments in technology are transforming the field of managerial accounting. In Managerial Accounting: Principles, Analytics, and Artificial Intelligence, readers will learn to identify, measure, analyze, interpret, and communicate financial and operational information for internal decision-making, with a focus on the crossover between managerial accounting and information systems, artificial intelligence, and automation.
Along with providing key foundational information on essential topics, including job order costing, cost behavior and cost-volume-profit analysis, and planning and budgeting for operations, this book includes real-world business examples from various industries that emphasize how business owners utilize accounting to make decisions and plan for the future, which enable readers do the same in their own positions. Ancillary materials hosted on a companion website combined with the textbook make a complete “course in a box.”
For undergraduates in business and accounting programs of study, Managerial Accounting: Principles, Analytics, and Artificial Intelligence is an excellent textbook covering essential topics in managerial accounting with a timely review of the latest technologies transforming the field.
Table of Contents
Preface ix
Acknowledgments xi
About the Authors xiii
Chapter 1 Introduction to Managerial Accounting 1
Chapter 2 Accounting for the Costs of Products and Services 31
Chapter 3 Job Order Costing 63
Chapter 4 Process Costing 95
Chapter 5 Activity-based Costing 123
Chapter 6 Cost Behavior, the Cost Equation, and Cost-volume-profit Analysis 155
Chapter 7 Relevant Data and Business Decision-making 209
Chapter 8 Capital Budgeting, Planning, and Decision-making 267
Chapter 9 Planning and Budgeting for Business Operations 317
Chapter 10 Flexible Budgeting and Variance Analysis 381
Chapter 11 Performance Evaluation 435
Appendix a Technology Overview 467
Appendix B Planning and Budgeting for Business Operations Using Spreadsheets 481
Index 493
