Managerial Accounting, 8th Edition

    weygandt_managerial8e-cover

    Managerial Accounting, 8th Edition

    By Jerry Weygandt, Paul Kimmel, and Don Kieso

    Managerial Accounting is a one-semester undergraduate Managerial Accounting course that provides students with a clear introduction to fundamental managerial accounting concepts. One of the major goals of Managerial Accounting is to orient students to the application of accounting principles and techniques in practice. By providing students with numerous opportunities for practice with a focus on real-world companies, students are better prepared as decision makers in the contemporary business world.

    WileyPLUS Next Gen for Managerial Accounting gives you the freedom and flexibility to tailor content and easily manage your course in order to keep students engaged and on track.

    small-icons

    Linear Design and Organization

    Customizable modules are organized by learning objective and include eTextbook content, Interactive Tutorials, and Solution Walkthrough videos.

    question

    Recommended Assignments and Quality Question Banks

    Based on usage data, recommended assignments include the most popular auto-graded questions for each chapter.

    adaptive

    Adaptive Practice

    Targeted and personalized opportunities for practice effectively help students prepare for class or quizzes and exams. Active retrieval of information with practice questions is proven to improve information retention better than re-reading or reviewing the material, and students who use adaptive practice to prepare for exams do significantly better than those who do not.

    edit

    Customized Content

    Using the content editor, you can add videos, documents, pages, or relevant links to keep students motivated.

    Paul Kimmel

    “What I like about WileyPLUS is that it gives instructors the best of both worlds―they can take ownership and be creative with their course, but they can do this within a structured framework where the study material is very easy to locate.”

    ―Paul Kimmel, Ph.D., CPA
    Associate Professor, University of Wisconsin-Milwaukee

    What's Inside

    The expanded video library offers more great content.

    The number of popular Solution Walkthrough videos featuring author Paul Kimmel has doubled, providing students with complete coverage of every problem and most frequently assigned exercises. The library also includes Chapter Opener Videos, Applied Skills Videos, Excel™ Tutorials, and the Managerial Series videos.

    Students experience real-world problem-solving.

    A new problem design for all assessment and practice questions gives students a clean, blank-sheet-of-paper interface. Improved navigation and a more modern design provide students with a simple and more real-world experience.

    recommended-resource

    New mobile-friendly interactive tutorials are ideal for students on-the-go.

    We’ve redesigned our popular Interactive Tutorials in an enhanced, mobile-friendly learning environment, giving students the opportunity to study anytime, anywhere.

    ADDITIONAL FEATURES INCLUDE

    • The Waterways Continuing Problem: Using the business activities of a fictional company, this continuing problem helps students apply managerial accounting topics to a realistic entrepreneurial situation.
    • Accounting Weekly Updates: Keep you and your students updated and informed on the very latest in accounting. Each week, you’ll receive links to 3-5 new articles, video clips, business news stories, and so much more with discussion questions to elaborate on the stories in the classroom.

    What's New

    Managerial Accounting, 8th Edition enhancements include:

    • Additional Content: The new version is now available with an alternate Sections 2 and 3, offering coverage of costing without the use of debits and credits and further discussion of regression analysis to accompany Section 5 with problem material and Excel™ tutorial videos.
    • Expanded Coverage of Managerial Topics: A more modular presentation allows you to make your course more customizable.
    • Practice Made Simple: Found right at the objective level, new algorithmic brief exercises and problems available outside of instructor assignments provide opportunities for no-stakes practice and show answers and solutions as students check their work.

    About the Authors

    weygandt

    Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a PhD in accounting from the University of Illinois. Articles by Professor 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. 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 the Accounting Review; he also has 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). 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. Professor Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. 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 Kimmel

    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 is an Associate Professor at the University of Wisconsin-Milwaukee (UWM) and 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 Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, and in other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.

    kieso

    Donald E. Kieso, PhD, 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. Professor 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, the AACSB’s Accounting Accreditation Committees, and the State of Illinois Comptroller’s Commission, and he has served as secretary-treasurer of the Federation of Schools of Accountancy and as secretary-treasurer of the American Accounting Association. Professor 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, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University.

    Table of Contents

    1. Managerial Accounting
    2. Job Order Costing
    2A. Job Order Costing (No Debit and Credit Approach)*
    3. Process Costing
    3A. Process Costing (No Debit and Credit Approach)*
    4. Activity-Based Costing
    5. Cost-Volume-Profit
    6. Cost-Volume-Profit Analysis: Additional Issues
    7. Incremental Analysis
    8. Pricing
    9. Budgetary Planning
    10. Budgetary Control and Responsibility Accounting
    11. Standard Costs and Balanced Scorecard
    12. Planning for Capital Investments
    13. Statement of Cash Flows
    14. Financial Statement Analysis

    Appendix A: Time Value of Money

    Cases for Management Decision Making*

    *Available in WileyPLUS and Wiley Custom

    Managerial Accounting, 8th Edition enhancements include:

    • Additional Content: This new edition includes alternate Chapters 2 and 3, offering coverage of costing without the use of debits and credits, as well as further discussion of regression analysis along with problem material and Excel™ tutorial videos to accompany Chapter 5.
    • Expanded Coverage of Managerial Topics: A more modular presentation allows you to make your course more customizable.
    • Practice Made Simple: Found right at the objective level, new algorithmic brief exercises and problems available outside of instructor assignments provide opportunities for no-stakes practice and show answers and solutions as students check their work.

    The expanded video library offers more great content.

    The number of popular Solution Walkthrough videos featuring author Paul Kimmel has doubled, providing students with complete coverage of every problem and most frequently assigned exercises. The library also includes Chapter Opener Videos, Applied Skills Videos, Excel™ Tutorials, and the Managerial Series videos.

    Students experience real-world problem-solving.

    A new problem design for all assessment and practice questions gives students a clean, blank-sheet-of-paper interface. Improved navigation and a more modern design provide students with a simple and more real-world experience.

    recommended-resource

    New mobile-friendly interactive tutorials are ideal for students on-the-go.

    We’ve redesigned our popular Interactive Tutorials in an enhanced, mobile-friendly learning environment, giving students the opportunity to study anytime, anywhere.

    ADDITIONAL FEATURES INCLUDE

    • The Waterways Continuing Problem: Using the business activities of a fictional company, this continuing problem helps students apply managerial accounting topics to a realistic entrepreneurial situation.
    • Accounting Weekly Updates: Keep you and your students updated and informed on the very latest in accounting. Each week, you’ll receive links to 3-5 new articles, video clips, business news stories, and so much more with discussion questions to elaborate on the stories in the classroom.
    weygandt

    Jerry J. Weygandt, PhD, 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. Weygandt 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). He has served on the Financial Accounting Standards Board task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. 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 Kimmel

    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 is an Associate Professor at the University of Wisconsin-Milwaukee (UWM) and 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 Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, and in other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.

    kieso

    Donald E. Kieso, PhD, 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. Professor 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, the AACSB’s Accounting Accreditation Committees, and the State of Illinois Comptroller’s Commission, and he has served as secretary-treasurer of the Federation of Schools of Accountancy and as secretary-treasurer of the American Accounting Association. Professor 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, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University.

    1. Managerial Accounting
    2. Job Order Costing
    2A. Job Order Costing (No Debit and Credit Approach)*
    3. Process Costing
    3A. Process Costing (No Debit and Credit Approach)*
    4. Activity-Based Costing
    5. Cost-Volume-Profit
    6. Cost-Volume-Profit Analysis: Additional Issues
    7. Incremental Analysis
    8. Pricing
    9. Budgetary Planning
    10. Budgetary Control and Responsibility Accounting
    11. Standard Costs and Balanced Scorecard
    12. Planning for Capital Investments
    13. Statement of Cash Flows
    14. Financial Statement Analysis

    Appendix A: Time Value of Money

    Cases for Management Decision Making*

    *Available in WileyPLUS and Wiley Custom

    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.

    Learn about implementation, ordering, and pricing options.