Management Accounting, Fifth Edition, represents state-of-the-art thinking on all of the major topics in management accounting, including activity-based management, the Balanced Scorecard, target costing, value chain analysis and management. Every chapter in the new edition of Atkinson now includes an opening chapter vignette based on a real company which describes realistic business problems that can benefit from managerial accounting or analysis or approaches. Robert S. Kaplan is considered the world's leading expert on activity-based costing and the Balanced Scorecard. For this edition, he has revised and reorganized chapter on “Activity-Based Cost Systems”. In this new edition, Kaplan, co-creator of ABC, integrates the new time-driven ABC approach with the conventional ABC approach. He has also revised Chapter on, “The Balanced Scorecard.” This is a comprehensive full chapter treatment of how to translate a strategy into a strategy map and Balanced Scorecard. Key Feature* New chapter-opening vignettes describe realistic business problems that can benefit from managerial accounting analysis or approaches.* Sections focusing on relevant costing, and performance indicators of quality management, have been added.* Detailed write-up on Life cycle costing.* A brief note on the objectives of compensation system followed by Indian companies from a managerial control perspective.* A special section on the differences between IGAAP and GAAP.* A detailed write-up on the cost accounting approach in the Indian context, based on Statutory Cost Accounting Record Rules (CAAR).* Emphasis has been provided on Activity Based Costing and its comparison to the Traditional Costing System.* Enhanced thrust on value chains and target costing, with focus on the rationale for setting target costs and the ways and means to achieve them Table of Contents* 1. Management Accounting: Information that Creates Value* 2. Cost Management Concepts and Cost Behavior* 3. Traditional Cost Management Systems* 4. Activity-Based Cost Systems* 5. Management Accounting Information for Activity and Process Decision* 6. Cost Information for Pricing and Product Planning.* 7. Management Accounting and Control Systems: Assessing Performance over the Value Chain.* 8. Motivating Behavior in Management Accounting and Control Systems.* 9. The Balanced Scorecard.* 10. Using Budgets to Achieve Organizational Objectives.* 11. Capital Budgeting -Long-Term Assets* 12. Financial Control.
