Managerial Accounting

This text is designed for undergraduate managerial accounting courses. It emphasizes gaining an understanding of organizations and how accounting information is used within them, and the trade-off between designing an accounting system for planning decisions, and designing it for control. It demonstrates that managerial accounting practice is an integral part of a firm's organizational structure, and includes examples that use real companies and actual business situations. Concepts of opportunity cost and organizational theory serve as the underlying framework to organize the analysis of managerial accounting information. Learning aids include chapter summaries, study problems, numerical examples and cases.