Introduction to management accounting / Charles T. Horngren, [and 3 others].

Includes index.

Part 1. Focus on decision making -- Managerial accounting, the business organization, and professional ethics -- Introduction to cost behavior and cost-volume-profit relationships -- Measurement of cost behavior -- Cost management systems and activity-based costing -- Relevant information for decision making with a focus on pricing decisions -- Relevant information for decision making with focus on operational decisions -- Part 2. Accounting for planning and control -- Introduction to budgets and preparing the master budget -- Flexible budgets and variance analysis -- Management control systems and responsibility accounting -- Management control in decentralized organizations -- Part 3. Capital budgeting -- Capital budgeting -- Part 4. Product costing -- Cost allocation -- Accounting for overhead costs -- Job-order costing and process-costing systems -- Part 5. Basic financial accounting -- Basic accounting: concepts, techniques, and conventions -- Understanding corporate annual reports: basic financial statements -- Understanding and analyzing consolidated financial statements.

"Now more than ever, managers have to understand how their decisions affect costs. Management accounting is an essential tool that enhances a manager's ability to make effective economic decisions. Because understanding concepts is more important than memorizing techniques, Introduction to Management Accounting, 17th edition, describes both theory and practice so students understand how to produce and apply information that's useful in day-to-day decision making. From the first chapter, we encourage students to think about the advantages and disadvantages of various techniques, not to simply memorize and apply the techniques. Introduction to Management Accounting, 17th edition, deals with all business sectors nonprofit, retail, wholesale, service, selling, and administrative situations--as well as manufacturing. The focus is on planning and control decisions, not on product costing for inventory valuation and income determination"-- Preface of the book.