Nelson Higher Education

Higher Education

Managerial Accounting, 12th Edition

  • Carl Warren
  • James M. Reeve
  • Jonathan Duchac
  • ISBN-10: 1133952402
  • ISBN-13: 9781133952404
  • 736 Pages | Hardcover
  • Previous Editions: 2012, 2009, 2007
  • COPYRIGHT: 2014 Published
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Overview

About the Product

Activate Learning with Warren/Reeve/Duchac's, MANAGERIAL ACCOUNTING! Market-leading MANAGERIAL ACCOUNTING has been on the forefront of innovation and change based on the needs of today's teaching and learning environment. Warren offers students clear guidance to complete homework with an efficient presentation for today's learner. The high impact writing style and streamlined design makes important information accessible, with a focus on providing the best and most complete examples. The Complete Learning System in MANAGERIAL ACCOUNTING and CengageNOW is built around the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course. New to this edition, the authors created innovative, unique content that is focused on unique student and instructor needs before and after lecture – and the type of activities best-suited to each point in learning. New content like the author-written Activation Exercises, helps students come to class more prepared, and enables them to more easily connect the dots, enhance their depth of knowledge and have better tools for remediation and review. The end goal of Warren/Reeve/Duchac's text and technology learning system is to Activate Learning & create more empowered & prepared students—ready to take on the rest of their educational and career goals.

Features

  • Hallmark features:

  • Example Exercises: Based on extensive market feedback, Example Exercises were developed to reinforce concepts and procedures in a bold, new way. Like a teacher in the classroom, students follow the authors' example to see how to complete accounting applications in the textbook. Each Example Exercise references the parallel Practice Exercises in the homework so students get the accounting experience they need. Animated Example Exercises are also tied to the Practice Exercises within CengageNOW to provide students with an easily accessible audiovisual walk-through of how to solve these questions.

  • Complete Learning System: Students can easily locate the information they need to efficiently master course concepts using the "Guiding Principles System." At the beginning of every chapter, students have a map of the chapter objectives, related topics and outcomes, Example Exercises in the chapter, and corresponding Practice Exercises in the homework. The "At a Glance" chapter summary completes this proven system that leads students quickly to the information they need.

  • Market Leading End-of-Chapter Material: Students need to practice accounting so that they can understand and use it. To give students the greatest possible advantage in the real world, MANAGERIAL ACCOUNTING, 12E, goes beyond presenting theory and procedure with comprehensive, time-tested end-of-chapter material.

  • Relevant Chapter Openers: Building on the strengths of past editions, these openers use real companies, such as Twitter and Google, to help students relate to accounting and business concepts in the chapter. They provide invaluable insight into real practice. Chapter openers created especially for this edition focus on interesting companies such as Facebook, Scripps-Howard, Rhapsody and Razor and are accompanied by a chapter-opening video in CengageNOW.

About the Author

Carl Warren

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. Dr. Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University and University of Chicago. He has focused his teaching efforts on principles of accounting and auditing. Dr. Warren received his Ph.D. from Michigan State University and his B.B.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren has served on numerous committees of the American Accounting Association, the American Institute of Certified Public Accountants and the Institute of Internal Auditors. He also has consulted with numerous companies and public accounting firms. His outside interests include handball, golf, skiing, backpacking and fly-fishing.

James M. Reeve

Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Dr. Reeve taught full-time as part of the accounting faculty for twenty-five years after graduating with his PhD from Oklahoma State University. He presently teaches part-time at UT. His teaching efforts focused on Senior Executive MBA programs. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published more than forty articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Dr. Reeve plays golf and is involved in faith-based activities.

Jonathan Duchac

Dr. Jonathan Duchac is the Wayne Calloway Professor of Accounting and Acting Associate Dean of Accounting Programs at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is an avid mountain biker and snow skier.

Table of Contents

1. Managerial Accounting Concepts and Principles.
2. Job Order Costing.
3. Process Cost Systems.
4. Cost Behavior and Cost-Volume-Profit Analysis.
5. Variable Costing for Management Analysis.
6. Budgeting.
7. Performance Evaluation Using Variances from Standard Costs.
8. Performance Evaluation for Decentralized Operations.
9. Differential Analysis, Product Pricing, and Activity-Based Costing.
10. Capital Investment Analysis.
11. Cost Allocation and Activity-Based Costing.
12. Cost Management for Just-in-Time Environments.
13. Statement of Cash Flows.
14. Financial Statement Analysis.
Appendix A Interest Tables.
Appendix B Nike, Inc. 2011 Annual Report.
Glossary.
Subject Index.
Company Index.

New to this edition

  • REFRESHED REAL-WORLD INTEGRATION: As with every new edition, the authors have ensured that new real-world companies have been added, real-world data has been updated, and names and values of end-of-chapter material have been changed.
  • NEW ANIMATED ACTIVITIES: Animated Activities in CengageNOW and Aplia 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.
  • NEW BLUEPRINT CONNECTIONS: Blueprint Connections in CengageNOW and Aplia 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.
  • NEW AUTHOR-WRITTEN "Check My Work" FEEDBACK: The written feedback available when students click on "Check My Work" in CengageNOW has been revised by the authors to achieve a more holistic student learning experience.
  • NEW POST-SUBMISSION FEEDBACK: Where appropriate, source calculations and further explanation have been added alongside the solution in CengageNOW to help students understand where they went wrong in solving end-of-chapter items.

Supplements

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

Instructor Supplements

Instructor's Resource CD-ROM  (ISBN-10: 1285179625 | ISBN-13: 9781285179629)

The IRCD includes the PowerPoint presentations, Instructor's Manual, Solutions Manual, Test Bank, ExamView, General Ledger Inspector, and Excel Template Solutions. New to this edition: All supplements on the IRCD have been updated to coincide with core text changes.

Solutions Manual, Volume 2  (ISBN-10: 1285085388 | ISBN-13: 9781285085388)

Clear solutions to all end-of-chapter problems. Includes answers to discussion questions, Practice Exercises, Exercises, Problem Series A and B, Comprehensive Problems, Continuing Problems, and Cases and Projects. New to this edition: All solutions have been updated to match new names and values from the core text. Solutions have gone through a rigorous process of verification.

K&A Inspector Software for Practice Sets  (ISBN-10: 1285758366 | ISBN-13: 9781285758367)

This software will help you grade student work for each of the practice sets.

Study Guide, Volume 2  (ISBN-10: 1285085426 | ISBN-13: 9781285085425)

This author-written guide provides students quiz and test hints, matching questions, fill-in-the-blank questions (parts A & B), multiple-choice questions, true/false questions, exercises, and problems for each chapter. New to this edition: All time-sensitive material has been updated for currency. Exercises and problems have been edited with new names and values.

Spreadsheet Success in Accounting  (ISBN-10: 1285196341 | ISBN-13: 9781285196343)

The Spreadsheet Success booklet helps students use Excel to learn and reinforce accounting concepts through 4 steps: (1) Read the accounting concept; (2) Follow along as the Spreadsheet Success Example shows how to solve the accounting concept; (3) Practice using the TryIt! Tutorial; (4) Apply knowledge by completing the Spreadsheet Success Special Activity. The booklet contains Spreadsheet Success Examples and Special Activity problems. The printed access card gives students access to a website that has the TryIt! Tutorials and data files needed for the Spreadsheet Success Special Activities.

Working Papers, Volume 2  (ISBN-10: 128508540X | ISBN-13: 9781285085401)

The traditional working papers include problem-specific forms for preparing solutions for Exercises, A& B Problems, the Continuing Problem, and the Comprehensive problems from the textbook. These forms, with preprinted headings, provide a structure for the problems, which helps students get started and saves time. New to this edition: All forms have been updated to coincide with core text changes.

General Ledger Software CD-ROM  (ISBN-10: 1285462564 | ISBN-13: 9781285462561)

Prepared by Dale Klooster and Warren Allen, this best-selling, educational, general ledger package introduces students to the world of computerized accounting through a more intuitive, user-friendly system than the commercial software they'll use in the future. In addition, students have access to general ledger files with information based on problems from the textbook and practice sets. This context allows them to see the difference between manual and computerized accounting systems firsthand and includes a problem checker. Problems that can be used with Klooster/Allen are highlighted by an icon.

Lawn Ranger Landscaping Practice Set with GL Software  (ISBN-10: 1285180992 | ISBN-13: 9781285180991)

This practice set covers the complete accounting cycle for a small service business operated as a sole proprietorship. Students follow a narrative of transactions to make general journal entries. The estimated time to complete this practice set is 15-16 hours.

Lightning Fitness Equipment Practice Set with GL Software  (ISBN-10: 1285178947 | ISBN-13: 9781285178943)

This practice set is for a retail and wholesale seller of fitness equipment and apparel. This set includes a general journal and special journals: sales journal, purchases journal, cash receipts journal, and cash payments journal. It also includes sub- and general ledgers, a checkbook register, and source documents. The business is a sole proprietorship. The estimated time to complete this practice set is 14-15 hours.

Galas by Jacki Practice Set with GL Software  (ISBN-10: 1285178882 | ISBN-13: 9781285178882)

This practice set is for a company that plans wedding, anniversary and birthday parties, and corporate events. The company also sells party supplies. It includes payroll transactions and purchases and sales with discounts for a merchandising business operated as a proprietorship. The estimated time to complete this practice set is 12-15 hours.

My Place, House of Décor Practice Set  (ISBN-10: 1285180976 | ISBN-13: 9781285180977)

This practice set is for an interior design firm providing services to clients for the first months, and then adds a new component to the business for the last months, which is purchasing and selling antique furniture. It is a service/ merchandise business operated as a corporation. The estimated time to complete this practice set is 15-17 hours.

JP's Tech Solutions Practice Set with General Ledger Software  (ISBN-10: 1285178858 | ISBN-13: 9781285178851)
Hydro Paddle Boards Practice Set with GL Software  (ISBN-10: 1285178777 | ISBN-13: 9781285178776)

This practice set is for a manufacturing corporation that designs and manufactures custom paddle boards and uses a job-order cost system. This set includes subsidiary ledgers, a schedule of employer payroll taxes, a schedule of unfinished goods, and job cost records. The estimated time to complete this practice set is 13-15 hours.

Student Supplements

Study Guide, Volume 2  (ISBN-10: 1285085426 | ISBN-13: 9781285085425)

This author-written guide provides students quiz and test hints, matching questions, fill-in-the-blank questions (parts A & B), multiple-choice questions, true/false questions, exercises, and problems for each chapter. New to this edition: All time-sensitive material has been updated for currency. Exercises and problems have been edited with new names and values.

Spreadsheet Success in Accounting  (ISBN-10: 1285196341 | ISBN-13: 9781285196343)

The Spreadsheet Success booklet helps students use Excel to learn and reinforce accounting concepts through 4 steps: (1) Read the accounting concept; (2) Follow along as the Spreadsheet Success Example shows how to solve the accounting concept; (3) Practice using the TryIt! Tutorial; (4) Apply knowledge by completing the Spreadsheet Success Special Activity. The booklet contains Spreadsheet Success Examples and Special Activity problems. The printed access card gives students access to a website that has the TryIt! Tutorials and data files needed for the Spreadsheet Success Special Activities.

Working Papers, Volume 2  (ISBN-10: 128508540X | ISBN-13: 9781285085401)

The traditional working papers include problem-specific forms for preparing solutions for Exercises, A& B Problems, the Continuing Problem, and the Comprehensive problems from the textbook. These forms, with preprinted headings, provide a structure for the problems, which helps you get started and saves time. New to this edition: All forms have been updated to coincide with core text changes.

General Ledger Software CD-ROM  (ISBN-10: 1285462564 | ISBN-13: 9781285462561)

Prepared by Dale Klooster and Warren Allen, this best-selling, educational, general ledger package introduces students to the world of computerized accounting through a more intuitive, user-friendly system than the commercial software they'll use in the future. In addition, students have access to general ledger files with information based on problems from the textbook and practice sets. This context allows them to see the difference between manual and computerized accounting systems firsthand and includes a problem checker. Problems that can be used with Klooster/Allen are highlighted by an icon.

Lawn Ranger Landscaping Practice Set with GL Software  (ISBN-10: 1285180992 | ISBN-13: 9781285180991)

This practice set covers the complete accounting cycle for a small service business operated as a sole proprietorship. Students follow a narrative of transactions to make general journal entries. The estimated time to complete this practice set is 15-16 hours.

Lightning Fitness Equipment Practice Set with GL Software  (ISBN-10: 1285178947 | ISBN-13: 9781285178943)

This practice set is for a retail and wholesale seller of fitness equipment and apparel. This set includes a general journal and special journals: sales journal, purchases journal, cash receipts journal, and cash payments journal. It also includes sub- and general ledgers, a checkbook register, and source documents. The business is a sole proprietorship. The estimated time to complete this practice set is 14-15 hours.

Galas by Jacki Practice Set with GL Software  (ISBN-10: 1285178882 | ISBN-13: 9781285178882)

This practice set is for a company that plans wedding, anniversary and birthday parties, and corporate events. The company also sells party supplies. It includes payroll transactions and purchases and sales with discounts for a merchandising business operated as a proprietorship. The estimated time to complete this practice set is 12-15 hours.

My Place, House of Décor Practice Set  (ISBN-10: 1285180976 | ISBN-13: 9781285180977)

This practice set is for an interior design firm providing services to clients for the first months, and then adds a new component to the business for the last months, which is purchasing and selling antique furniture. It is a service/ merchandise business operated as a corporation. The estimated time to complete this practice set is 15-17 hours.

JP's Tech Solutions Practice Set with General Ledger Software  (ISBN-10: 1285178858 | ISBN-13: 9781285178851)
Hydro Paddle Boards Practice Set with GL Software  (ISBN-10: 1285178777 | ISBN-13: 9781285178776)

This practice set is for a manufacturing corporation that designs and manufactures custom paddle boards and uses a job-order cost system. This set includes subsidiary ledgers, a schedule of employer payroll taxes, a schedule of unfinished goods, and job cost records. The estimated time to complete this practice set is 13-15 hours.