Managerial Accounting, 7th Canadian Edition
By Jerry J. Weygandt, Paul D. Kimmel, and Ibrahim M. Aly
Managerial Accounting, 7th Canadian Edition is known for its clear, student-focused pedagogy and practical, decision-making approach. Built around real Canadian business examples and a step-by-step learning design, this text emphasizes the importance of managerial accounting concepts for anyone pursuing a career in accounting or business more broadly.
Each chapter integrates “Do It!” exercises, review opportunities, and decision tools to help reinforce core concepts through active learning. Paired with the powerful WileyPLUS platform, this edition offers a suite of tools designed to deepen student engagement and understanding, including the Real-World Video Series, which features interviews with accounting professionals connecting classroom concepts with actual business scenarios.
Throughout Managerial Accounting 7ce, students will have the chance to work through a variety of data analysis applications as well, including various Excel problems and Data Visualization questions. With this edition, a brand-new Master Budget Project is also available, providing a comprehensive, hands-on opportunity to learn through experiential problem solving. By connecting managerial accounting to real-world business decisions and promoting the development of key critical thinking and data analysis skills, this book empowers students to not only understand the numbers—but use them effectively as the next generation of accounting professionals.
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Building Foundational Knowledge
Adaptive Assignments help close potential knowledge gaps through practice, just-in-time instruction, and remediation to prerequisite topics for struggling students.
Solution Walkthrough Videos guide students through multi-learning objective problems to help consolidate understanding and provide 24/7 homework assistance for over a hundred exercises, brief exercises, homework questions, and problems.
Integrated “Do It!” practice questions and solutions at the point of learning help reinforce key concepts and deepen student understanding. Strategically placed at the end of each learning objective, these problems outline the chapter “Action Plan” and build student problem solving skills and confidence.
Connecting Theory to Real World Decision Making
New comprehensive Master Budget Project asks students to create an Excel based Master Budget for a fictional company before answering a series of analysis questions. This project helps students consolidate their understanding and practice making practical business decisions. A static and dynamic version of this project is available within WileyPLUS.
Managerial Accounting Videos and Small Business Videos demonstrate how business owners and larger companies apply accounting concepts in day-to-day operations.
Developing In-Demand Data Analysis Skills
Gradable Excel Problems ask students to solve a problem from the textbook within a live Excel environment, helping them build their Excel skills. Each problem is auto-graded and provides cell-level feedback for enhanced understanding.
Data Analysis Technology Bootcamps help students develop foundational data analytics software skills in Excel, Power BI, Alteryx, SQL, and Tableau. Each bootcamp features video walkthroughs, auto-graded knowledge check questions, and application problems with video solutions.
Tableau and Power BI Data Visualization Assignments provide an out-of-the-box introduction to interpreting and analyzing visualizations.
What’s new in the text:
- New Sustainability Insight boxes throughout the text illustrate how companies are developing strategies for long-term financial, social, and environmental success and demonstrate sustainability’s impact on efficiency and corporate performance.
- Updated examples and chapter opening vignettes for currency and relevancy.
- New and updated end-of-chapter questions including new Excel templates for key problems.
What’s new in WileyPLUS:
- Test bank refresh including 130 new questions.
- New Gradable Excel questions help build Excel skills within the context of accounting. Each problem is auto-graded and provides cell-level feedback for enhanced understanding.
- New Analytics in Action problems ask students to perform more complex tasks including building visualizations and graphs within a live Excel environment.
- New Excel based, dynamically linked Master Budget Project asks students to create and analyze a Master Budget for a fictional company.
- Updated Adaptive assignment questions for currency and accuracy.
- New Gen AI activities in the Instructor’s Manual help students learn how to think critically about AI tools and use them responsibly.
Jerry J. Weygandt, PhD, CPA, is the 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 Professor Weygandt have appeared in 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. Professor Weygandt is 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 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 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.
Professor Weygandt has 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 Accounting Educator Award.
Paul D. Kimmel, PhD, CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He was an Associate Professor at the University of Wisconsin—Milwaukee for more than 25 years and is now a Senior Lecturer at 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 and 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 Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, and Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education.
Ibrahim M. Aly, Ph.D., is a professor in the Department of Accountancy at the John Molson School of Business, Concordia University, where he has been on faculty since 1989. Professor Aly holds a Ph.D. and MBA (with distinction) in accounting from the University of North Texas, as well as an M.S. and B.Comm. (with distinction) in accounting from Cairo University, Egypt.
Professor 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. He participated in the Symposium on Models of Accounting Education, sponsored by the Accounting Education Change Commission of the American Accounting Association. Throughout his many years of teaching, Professor Aly’s method of instruction has been consistently met with high praise from his students and is reflected in his winning of the College of Business Teaching Innovation Award for two consecutive years.
Professor Aly has published in reputable refereed journals in the fields of managerial accounting, financial accounting, behavioural accounting, and accounting education. In addition, he has published a book on management accounting entitled Readings in Management Accounting: New Rules for New Games in Manufacturing and Service Organizations. He has presented his work at over 35 scholarly national and international conferences, and been chosen as the Department of Accountancy Research Professor. He has organized the department’s luncheon presentations series and the Ph.D. visiting speaker series, both of which provide an indispensable academic service to graduate students and professors. Professor Aly has given numerous workshops and seminars on financial and managerial accounting.
Cost Concepts for Decision Makers
1. Managerial Accounting
2. Managerial Cost Concepts and Cost Behaviour Analysis
3. Job-Order Cost Accounting
4. Process Cost Accounting
5. Activity-Based Costing
Decision-Making Concepts
6. Decision-Making: Cost-Volume-Profit
7. Incremental Analysis
8. Alternative Inventory Costing Methods: A Decision-Making Perspective
9. Pricing
Planning and Control Concepts
10. Budgetary Planning
11. Budgetary Control and Responsibility Accounting
12. Standard Costs and Balanced Scorecard
13. Planning for Capital Investments
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