Nelson Higher Education

Higher Education

Cornerstones of Managerial Accounting, 6th Edition

  • Maryanne M. Mowen
  • Don R. Hansen
  • Dan L. Heitger
  • ISBN-10: 1305103963
  • ISBN-13: 9781305103962
  • 816 Pages | Hardcover
  • Previous Editions: 2014, 2012, 2009
  • COPYRIGHT: 2016 Published
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About the Product

Equip your students with the managerial accounting knowledge they need to become influential business leaders with the unique integrated learning system in CORNERSTONES OF MANAGERIAL ACCOUNTING, 6E. Based on extensive research, the CORNERSTONES approach presents materials the way today's students learn. The step-by-step CORNERSTONES approach helps students establish a strong foundation before moving forward. Students master the basics more quickly so they can transition to analyzing and applying concepts. Rather than focusing on concepts in isolation, the text and unique CengageNOW assets present accounting as a system−emphasizing how the end result changes based on how the numbers affect each other. CengageNOW for the 6th edition now also focuses on helping to elevating student thinking with author-written Blueprint Problems, Analyzing Relationships Problems and a host of new questions related to using and analyzing Excel.


  • Innovative Cornerstones Approach Increases Student Engagement While Improving Grades. Based on studies of student reading behavior and market research, this innovative approach first illustrates each major concept in a Cornerstone using a compelling example. Step-by-step calculations to solve a business problem follow. Finally, a link to a brief video segment reinforces and summarizes key concepts and procedures. End-of-chapter Cornerstones Exercises refer to Cornerstones in the chapter, allowing students to review relevant examples when completing assignments independently.

  • Animated Activities: Animated Activities in CengageNOW are the perfect pre-lecture assignment to expose students to concepts before class. These illustrations visually guide students through selected core topics using a realistic company example to illustrate how the concepts relate to the everyday activities of a business. Animated Activities are assignable or available for self-study and review.

  • Blueprint Connections: Blueprint Connections in CengageNOW are shorter extensions of the Blueprint Problems that build upon concepts covered and introduced within the Blueprint Problems. These scenario-based exercises help reinforce students' knowledge of the concept, strengthen their analytical skills and are useful as in-class activities or as homework/review after lecture and before the exam.

  • "Experience Managerial Decisions" Vignettes Open Each Chapter and Videos Accompany in Cengagenow. Students see how familiar companies, such as Hard Rock Cafe, Cold Stone Creamery, Washburn Guitars, Google, Apple, and more, use accounting information to make better decisions. The chapter references the featured company throughout to emphasize the importance of managerial accounting concepts in the real world. Corresponding videos in the Experience Accounting Video Series further support the vignettes.

  • "Ethical Decisions" Features Prepare Students to Make Informed Decisions. To succeed in today's business climate, students need to be able to analyze business situations and make thoughtful ethical decisions. The text weaves "Ethical Decisions" features throughout the chapters to encourage students to develop these essential skills and consider the ethical implications of their actions in every situation.


"I love the Cornerstones of Managerial Accounting. The format of this book helped me solve teaching issues by showing clear and understandable examples students can refer to and get started using right away. I love Cengage Now for the homework, particularly the ability to assign problems that students can practice over and over with different numbers."
— Debra Stone, Eastern New Mexico University

About the Author

Maryanne M. Mowen

Maryanne M. Mowen is associate professor of accounting emerita at Oklahoma State University. She received her Ph.D. from Arizona State University. With degrees in economics and history, she brings a unique interdisciplinary perspective to teaching and writing in both cost accounting and management accounting. Her research interests include management accounting, behavioral decision theory, and Sarbanes-Oxley compliance. She also teaches an ethics course about the impact of Sarbanes-Oxley on the accounting profession. Dr. Mowen has published articles in journals such as Decision Science, Journal of Economic Psychology and Journal of Management Accounting Research. She has also served as a consultant to mid-sized and Fortune 100 companies and works with corporate controllers on management accounting issues. Currently, she advises entrepreneurs and nonprofit organizations. Outside the classroom, she enjoys hiking, travelling, reading mysteries and solving crossword puzzles.

Don R. Hansen

Dr. Don R. Hansen is professor emeritus of Oklahoma State University. He has an undergraduate degree in mathematics from Brigham Young University. He received his Ph.D. from the University of Arizona. Dr. Hansen has published articles in both accounting and engineering journals, including The Accounting Review, The Journal of Management Accounting Research, Accounting Organizations and Society, Accounting Horizons and IIE Transactions. He has also served on the editorial board of The Accounting Review. His outside interests include family, church activities, reading, movies and watching sports.

Dan L. Heitger

Dr. Dan L. Heitger is the Deloitte Professor of Accounting and Co-Director of the Center for Business Excellence at Miami University. He received his Ph.D. from Michigan State University and his undergraduate degree in accounting from Indiana University. He actively works with executives and students of all levels in developing and teaching courses in managerial accounting, business sustainability, risk management, stakeholder management, governance, and business reporting. He co-founded an organization that provides executive education for large international organizations. His interactions with business professionals, through executive education and the Center, allow him to bring a current and real-world perspective to his writing. His published research focuses on managerial accounting and risk management issues and has appeared in HARVARD BUSINESS REVIEW, BEHAVIORAL RESEARCH IN ACCOUNTING, ACCOUNTING HORIZONS, ISSUES IN ACCOUNTING EDUCATION, JOURNAL OF ACCOUNTANCY, and MANAGEMENT ACCOUNTING QUARTERLY. His outside interests include hiking with his family in the National Park system.

Table of Contents

1. Introduction to Managerial Accounting.
2. Basic Managerial Accounting Concepts.
3. Cost Behavior.
4. Cost-Volume-Profit Analysis: A Managerial Planning Tool.
5. Job-Order Costing.
6. Process Costing.
7. Activity-Based Costing and Management.
8. Absorption and Variable Costing, and Inventory Management.
9. Profit Planning.
10. Standard Costing: A Managerial Control Tool.
11. Flexible Budgets and Overhead Analysis.
12. Performance Evaluation and Decentralization.
13. Short-Run Decision-Making: Relevant Costing.
14. Capital Investment Decisions.
15. Statement of Cash Flows.
16. Financial Statement Analysis.

New to this edition

  • New CengageNOWv2 Closes The Gap Between Homework and Exam Performance. Some questions in CengageNOWv2 have been remastered for a better user experience and to less leading homework experience. The new Blank Sheet of Paper Experience eliminates drop-down menus and formatting that promotes guessing, Multi-Panel View decreases scrolling and shows students the big picture and Adaptive Feedback gives students specific guidance based on what they have entered. An Adaptive Study Plan and a streamlined assignment creation process are also new features available with CengageNOWv2.
  • New "Cornerstones Show Me How" Videos Further Clarify Concepts. These videos are available for every Cornerstone example and are linked to the Cornerstone Exercises and available for self-study under the Study Tools tab in CengageNOW. These easy-to-follow problem walk-throughs offer additional hints and tips for clarification to help students when they get stuck.
  • New Conceptclips Animate Key Topics To Reinforce Learning. These videos address the challenge of understanding the "language of business" that students often face when first introduced to the subject matter. They provide students with a memorable auditory and visual representation of the important concepts of the chapter. They are assignable/gradable or can be referenced for students' self study.
  • New Blueprint Problems Guide Students Step-By-Step Through Concepts. Brand NEW Blueprint Problems have been written for this edition by the authors themselves. You can assign these teaching problems to help students understand the fundamental accounting concepts and their associated building blocks–not just memorize the formulas. Written in a stepped approach, they are designed as an overview of the material, and then allow the student to then apply the concepts.
  • New Blueprint Problems Using Excel Have Students Use Excel as a Problem-Solving Tool. Provide your students with more real-world experience and knowledge of Excel by assigning these NEW author-created teaching problems. Based on the Blueprint Problems, these problems are ideal for analyzing data based on correct formulas in the student-created worksheet.


All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Companion Website  (ISBN-10: 1305268237 | ISBN-13: 9781305268234)

Expand students' understanding and streamline class preparation with the numerous instructor and student resources available on this edition's robust companion website. Easily download password-protected instructor resources, including the Solution's Manual, Instructor's Manual, Test Bank, and PowerPoint® slides. Students can review concepts using PowerPoint slides, online quizzes, and other interactive learning tools.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 1305268601 | ISBN-13: 9781305268609)

Cengage Learning Testing powered by Cognero® is a flexible, online system that allows you to: import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want.

CengageNOWv2, 1 term Instant Access for Mowen/Hansen/Heitger's Cornerstones of Managerial Accounting  (ISBN-10: 1305280776 | ISBN-13: 9781305280779)

With its engaging learning and assessment tools, CengageNOWv2 supports the entire student workflow, from motivation to mastery. For instructors, CengageNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes.

LMS Integrated for CengageNOWv2, 1 term Instant Access for Mowen/Hansen/Heitger's Cornerstones of Managerial Accounting  (ISBN-10: 1305664671 | ISBN-13: 9781305664678)

This access code will provide your students with seamless access to their LMS Integrated for CengageNOWv2 resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

Student Supplements

CengageNOWv2, 1 term Instant Access for Mowen/Hansen/Heitger's Cornerstones of Managerial Accounting  (ISBN-10: 1305280776 | ISBN-13: 9781305280779)

CengageNOWv2 is an easy-to-use online resource that helps you study in less time to get the grade you want. CengageNOWv2 provides you with valuable practice opportunities, immediate and detailed feedback around the clock so that you can assess where you are going wrong, and a host of multimedia study tools to prepare you for the exam.

LMS Integrated for CengageNOWv2, 1 term Instant Access for Mowen/Hansen/Heitger's Cornerstones of Managerial Accounting  (ISBN-10: 1305664671 | ISBN-13: 9781305664678)

This access code will provide you with seamless access to your LMS Integrated for CengageNOWv2 resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.