Managerial Accounting, 5th Canadian Edition Managerial Accounting, 5th Canadian Edition By Authors Managerial Accounting is an undergraduate course that teaches students the fundamental concepts of managerial accounting in a concise and easy-to-comprehend fashion. Stimulating review materials at the end of each chapter helps students develop their decision-making skills. Students are provided the resources and guidance to take more initiative in their learning, making them more engaged, more prepared, and more confident. New for winter is the addition of a module on data analytics. The next generation of WileyPLUS for Managerial Accounting gives instructors the freedom and flexibility to tailor content and easily manage their course in order to keep students engaged and on track. Schedule a Demo Sign Up for a Test Drive Adopt WileyPLUS Want to learn more about WileyPLUS? Click Here Hear from our Authors What’s Inside About the Authors Table of Contents Solution Walkthrough Videos and Applied Skills Videos: Videos integrated throughout the course bring the learning objectives and concepts covered in the course to life. These videos review key problem-solving techniques and their application to homework problems. Quickly and easily EXPLORE additional resources. Enhance students’ learning with videos, interactive tools, excel templates and so much more. Students experience real-world problem solving. Students practice accounting on a clean, blank-sheet of paper interface. Every chapter has pre-created assignments easily assignable with a quick click to publish. What’s New Decision Toolkit System: Integrated throughout the course, this feature highlights key managerial decision tools that are useful for analyzing and solving business problems, encouraging students to focus on key decision-making concepts. All About You Topics: This high-interest feature links a specific aspect of the chapter’s topic to students’ personal lives. Each “All About You” feature presents a topic, offers some facts about it, poses a situation for students to think about, and offers alternative answers as a starting place for further discussion. The related “All About You” activity revisits the topic discussed in a homework assignment. Comprehensive and Review Do it! Problems: Mini demonstration exercises and review problems included in the course provide opportunities for students to determine whether they have mastered the content in each course section. These problems offer a review of the major concepts discussed in the section before students begin assignment materials. Case Material: The course has an exhaustive variety of cases to complement the problem materials, providing instructors with unparalleled opportunities for active learning and in-class discussion while allowing precision in selecting assignment material. Active Learning: The course employs several unique pedagogical tools designed to enhance active learning in students. These include the Navigator which pulls the course’s learning aids together into one integrated learning system; brief and comprehensive Do it! problems with Action Plan that show students how to tackle solving problems; and Before You Go On sections that ensure students understand key concepts before moving to the next chapter. Service Company Coverage: The Canadian economy is increasingly comprised of service companies and many students will eventually work in a service rather than manufacturing environment. This course therefore emphasizes service companies as well as manufacturers to demonstrate that managerial accounting is equally relevant to both industries. Real-World Company Examples: Examples feature real-world companies to further emphasize the practical focus of the course. Current Designs, a kayak-making company with Canadian origins, is introduced in Chapter 1. Subsequent chapters then follow up with decision-making problems based on this real-world company. Updated Course Content Design: The course content design has been updated to promote accessibility across all media devices. Content Comprehension and Enhancement Changes: The course has been revised to better support the needs of the student through carefully analyzing and re-designing written content and illustrations, including adding more real life examples to enhance understanding of the subject matter. In addition, each topic covered has been carefully reviewed and revised to ensure that the course remains current and focuses on the concepts that students need to know. For example, an expanded explanation on using the mathematical equation for break-even analysis has been added to increase student understanding. Expanded End-of-Chapter Materials: End-of-chapter materials have been enhanced to include new multiple-choice algorithmic test bank questions where both the company name and numbers change. Additional Problem Walkthrough Videos: These videos illustrate key concepts covered in the course to support both students and instructors. NEW Data Analytics prepare students for the changing profession. In partnership with the Business-Higher Education Forum (BHEF), the next generation of WileyPLUS introduces students to an accounting-specific data analytics module with interactive lessons, case studies, and videos to help students develop the professional competencies they need to be successful in their careers. JERRY J. WEYGANDT, Ph.D., CPA, is Arthur Andersen alumni emeritus professor of accounting at the University of Wisconsin−Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Weygandt have appeared in The Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Weygandt is the author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of The Accounting Review; he has also served as president and secretary-treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC) of that organization. He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Weygandt received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is on the board of directors of M&I Bank of Southern Wisconsin. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award. PAUL D. KIMMEL, Ph.D., CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He teaches at the University of Wisconsin−Milwaukee and the University of Wisconsin−Madison. He has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award, the Reggie Taite Excellence in Teaching Award, and a three-time winner of the Outstanding Teaching Assistant Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and the Institute of Management Accountants and has published articles in The Accounting Review, Accounting Horizons, Review of Accounting Studies, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given many presentations regarding accounting instruction, and he helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy. DONALD E. KIESO, Ph.D., CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the department of accountancy and is currently the KPMG emeritus professor of accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a visiting scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the Board of Directors of the Illinois CPA Society, then AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, as secretary-treasurer of the Federation of Schools of Accountancy, and as secretary-treasurer of the American Accounting Association. Kieso is currently serving on the board of trustees and executive committee of Aurora University, as a member of the board of directors of Kishwaukee Community Hospital, and as treasurer and director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, and a Distinguished Service Award from the Illinois CPA Society. In 2003, he received an honorary doctorate from Aurora University. IBRHAM M. ALY, Ph.D., is an associate professor in the department of accountancy at the John Molson School of Business, Concordia University. Aly holds a Ph.D. and M.B.A. (with distinction) in accounting from the University of North Texas as well as master’s and bachelor’s degrees in accounting with distinction from Cairo University, Egypt. Aly has taught at a variety of universities in Egypt, Saudi Arabia, the United States, and Canada, and he has developed and coordinated many accounting courses at both the undergraduate and graduate levels. Aly has published in journals in the fields of managerial accounting, financial accounting, behavioural accounting, and accounting education. In addition, he has published two books on management accounting. He has presented his work at scholarly national and international conferences and has given numerous seminars and workshops on financial and managerial accounting. 1. Managerial Accounting2. Managerial Cost Concepts and Cost Behaviour Analysis3. Job Order Costing4. Process Costing5. Activity-Based-Costing6. Cost-Volume-Profit7. Incremental Analysis8. Alternative Inventory Costing Methods: A Decision-Making Perspective9. Pricing10. Budgetary Planning11. Budgetary Control and Responsibility Accounting12. Standard Costs and Balanced Scorecard13. Planning for Capital Investments Wiley Team for Success. Dedicated to Student Achievement. The Team for Success authors are dedicated to ensuring that all of their Accounting titles are accessible to students, current, accurate, and have a consistent voice and pedagogy from introductory accounting to the intermediate level. Millions of students worldwide have learned from their exceptional resources—and now students are getting real results using ORION Adaptive Practice available in WileyPLUS for Accounting.