The emphasis of Managerial Accounting, 7e is on teaching students to use accounting information to best manage an organization. In a practice Hilton pioneered in the first edition, each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. Known for balanced examples of Service, Retail, Nonprofit and Manufacturing companies, Hilton offers a clear, engaging writing style that has been praised by instructors and students alike. As in previous editions, there is significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, customer profitability analysis, and throughput costing while also including traditional topics such as job-order costing, budgeting and performance evaluation.

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A Professor of Accounting at Cornell University, Professor Hilton teaches in the areas of managerial accounting and cost management systems. With bachelor's and master's degrees in accounting from The Pennsylvania State University, he received his Ph.D. from The Ohio State University.A Cornell faculty member since 1977, Professor Hilton also has taught accounting at Ohio State and the University of Florida, where he held the position of Walter J. Matherly Professor of Accounting. Prior to pursuing his doctoral studies, Hilton worked for Peat, Marwick, Mitchell and Company and served as an officer in the United States Air Force.Professor Hilton is a member of the Institute of Management Accountants and has been active in the American Accounting Association. He has served as associate editor of The Accounting Review and as a member of its editorial board. Hilton also has served on the editorial board of the Journal of Management Accounting Research. He has been a member of the resident faculties of both the Doctoral Consortium and the New Faculty Consortium sponsored by the American Accounting Association.With wide-ranging research interests, Hilton has published articles in many -journals, including the Journal of Accounting Research, The Accounting Review, -Management Science, Decision Sciences, The Journal of Economic Behavior and Organization, Contemporary Accounting Research, and the Journal of Mathematical Psychology. Author of Managerial Accounting, he also has published a monograph in the AAA Studies in Accounting Research series, is a co-author of Budgeting: Profit Planning and Control, and is a co-author of Cost Accounting: Concepts and Mana-ge-rial Applications. Professor Hilton's current research interests focus on contemporary cost management systems and international issues in managerial accounting. In recent years, he has toured manufacturing facilities and consulted with practicing managerial accountants in North America, Europe, Asia, and Australia.

Part I Fundamentals and Cost-Accumulations Systems

Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment

Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations

Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment

Chapter 4 Process Costing and Hybrid Product-Costing Systems

Part II Cost Management Systems, Activity-Based Costing, and Activity-Based Management

Chapter 5 Activity-Based Costing

Chapter 6 Activity-Based Management and Cost Management Tools

Part III Planning, Control, and Cost Management Systems

Chapter 7 Activity Analysis, Cost Behavior, and Cost Estimation

Chapter 8 Cost-Volume-Profit Analysis

Chapter 9 Profit Planning, Activity-Based Budgeting, and e-Budgeting

Chapter 10 Standard Costing, Operational Performance Measures and the Balanced Scorecard

Chapter 11 Flexible Budgeting and the Management of Overhead and Support Activity Costs

Chapter 12 Responsibility Accounting, Quality Control and Environmental Cost Management

Chapter 13 Investment Centers and Transfer Pricing

Part IV Selected Topics for Further Study

Chapter 14 Decision Making: Relevant Costs and Benefits

Chapter 15 Target Costing and Cost Analysis for Pricing Decisions

Chapter 16 Capital Expenditure Decisions

Part V Selected Topics for Further Study

Chapter 17 Absorption, Variable and Throughput Costing

Chapter 18 Allocation of Support Activity Costs and Joint Costs

Appendix I The Sarbanes-Oxley Act, Internal Controls, and Management Accounting

Appendix II Compound Interest and the Concept of Present Value

Appendix III Inventory Management

References for In their Own Words

Glossary

Photo Credits

Index of Companies and Organizations

Index of Subjects