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For over forty years, Colin Drury has successfully unravelled the principles of management accounting for business students in his clear, accessible style. Now in its ninth edition, Management Accounting for Business covers everything non-specialist students need to know for success, including discussions of contemporary technologies, environmental accounting and data analytics.Every chapter features international real-world examples, an ''Apply your Knowledge'' exercise, illustrating financial and non-financial considerations, as well as new review problems.
List of contents
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
About the author
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 over 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 has 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 12th 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 reflects his background as a practising accountant before his involvement in academia.Professor Mike Tayles holds the Emeritus Chair in Accounting and Finance at the University of Hull. During his career he has been the Head of Management Accounting and Programme Director of various Degree Programs as well as a Visiting Professor at various universities internationally. He has been an examiner/lead marker for the ACCA and CIMA. Mike 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 manufacturing as well as service businesses.
