Part One: Introduction to Management and Cost Accounting
1. Introduction to management accounting
2. An introduction to cost terms and concepts
Part Two: Information for Decision-making
3. Cost–volume–profit analysis
4. Measuring relevant costs and revenues for decision-making
5. Pricing decisions and profitability analysis
6. Capital investment decisions: appraisal methods
Part Three: Cost Assignment
7. Cost assignment
8. Activity-based costing
Part Four: Information for Planning, Control and Performance
Measurement
9. Management control systems
10. The budgeting process
11. Standard costing and variance analysis
12. Divisional financial performance measures
13. Transfer pricing in divisionalized companies
Part Five: Strategic Performance and Cost Management for Value Creation; digitalization, sustainability and the future of management accounting
14. Strategic performance management
15. Strategic cost management and value creation
16. Management accounting: contemporary technologies and data analytics
17. Sustainability and environmental management accounting
18. Challenges for the future
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Colin Drury
The late Colin Drury was at Huddersfield University from 1970 until his retirement in 2004, when he was awarded the title of Emeritus Professor. For the last 40 years, Professor Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his bestselling textbooks, which have been widely recommended by the main professional accounting bodies for their examinations. He was an active researcher throughout his career and his research had been published in around 100 professional and academic journals. In recognition for his contribution to accounting education and research, Drury received a lifetime achievement award by the British Accounting Association in 2009. Drury’s Flagship title Management and Cost Accounting was first published in 1985 and is now in its 11th edition. It established itself as one of the leading management accounting textbooks in EMEA. It is known, not just for its rigour and authority, but particularly for Drury’s down-to-earth style that reflected his background as a practising accountant before his involvement in academia.
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Mike E Tayles
Professor Mike Tayles holds the Emeritus Chair in Accounting and Finance at The University of Hull. During his career he has been a Visiting Professor at various universities internationally as well as the Head of Management Accounting and Programme Director of various Degree Programs. He has been an Examiner/Lead Marker for both the ACCA and CIMA. Mike Tayles is a Chartered Management Accountant with a first degree in mathematics and economics and a doctorate in contemporary management accounting practices. He has worked in various manufacturing industries, holding such positions as group management accountant and financial controller. Mike Tayles' research interests include management accounting practices, cost system design, activity-based cost management and developments in strategic management accounting, including quality and intellectual capital. He has presented papers at national and international conferences, published articles in professional and international academic journals and research reports. He has consulting and research experience in both manufacturing and service businesses.
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NEW: The chapter on management control systems has been expanded and now precedes the budgeting process.
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NEW: In Part Five, this new edition includes a dedicated chapter on sustainability and environmental management accounting tackling important discussion points in the industry.
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NEW: A new chapter on contemporary accounting technologies (such as big data, the Internet of Things and AI) explains their benefits to decision-making and advises on the project management of data analytics research.
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Engaging Real World Views bring accounting theory to life with examples from international organizations.
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'Apply your Knowledge' exercises in each chapter recap accounting principles and invite students to consider non-financial accounting challenges in the workplace.
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End-of-chapter questions with varying levels of difficulty reinforce the material covered and prepare students for their exams.
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This title is also available with MindTap, a flexible online learning solution that provides your students with all the tools they need to succeed, including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids and analytics to help you track their progress.
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A fully updated companion website is available to support your course, including PowerPoint slides, a test bank, Instructor’s Manual, Teaching Notes, Solutions to Real World Views and numerous case studies.