Management Accounting, Fifth Canadian Edition (5th Edition)

The new edition of this best-selling text continues to emphasize a decision-making approach to prepare Canadian students to be managers of accounting information. Management accounting is an essential tool that enhances a managers’ (not only accountants’) ability to make effective decisions. This text shows how accountants prepare information that is useful to managers, and demonstrates why managers in all types of organizations should have an understanding of the advantages and limitations of accounting. A strategic management theme running through the text allows students to relate management accounting decisions to a company's key success factors.

Because understanding concepts is more important than memorizing techniques Management Accounting, Fifth Canadian Edition describes both theory and common practices so you will understand how to produce information that is useful in day-to-day decision making. From the first chapter, you will be encouraged to think about why companies use various techniques, what are the pros and cons of each method and not to blindly apply the techniques.  Features such as Making Managerial Decisions boxes and Strategic Insights and Company Practices boxes bring the subject to life and clearly show you the application of the theory to real world companies and situations.  

Now more than ever managers have to understand how their decisions affect costs.

Management accounting is an essential tool that enhances a managers’ (not only accountants’) ability to make effective decisions. Managers of all organizations whether in manufacturing, service, e-commerce, non profit or government must make decisions in an increasingly complex and changing environment.  Information is used by managers to assess the relative merits of alternative courses of action of any given decision and Management Accounting involves generating and using this information.

Because understanding concepts is more important than memorizing techniques Management Accounting, Fifth Canadian Edition describes both theory and common practices so you will understand how to produce information that is useful in day-to-day decision making. From the first chapter, you will be encouraged to think about why companies use various techniques, what are the pros and cons of each method and not to blindly apply the techniques.  Features such as Making Managerial Decisions boxes and Strategic Insights and Company Practices boxes bring the subject to life and clearly show you the application of the theory to real world companies and situations.  

Give your grades a boost by visiting the Companion Website at www.pearsoned.ca/horngren

This comprehensive online study guide provides numerous review exercises and research tools. There is a detailed review of key concepts for every chapter and practice tests with true/false and multiple choice questions, completion exercises, and accounting problems. You receive instant feedback for questions and exercises, and may view full solutions to problems. A page reference to the text is supplied with every answer.  The Companion Website also provides Excel templates for all problems flagged in the text with the spreadsheet disk icon.It  includes links to view the CBC videos and more.