Managerial Accounting, 3rd Edition

    davis-coverv4-_5_

    Managerial Accounting, 3rd Edition

    By Charles Davis and Elizabeth Davis

    Managerial Accounting, 3rd Edition offers a modern, practical approach to teaching and learning managerial accounting based on a unique integration of concepts, practice, and business context within distinct and flexible learning units. Praised for its decision-making framework, this program provides students with a better understanding of decisions made by organizations through the inclusion of a Continuing Case Story, which puts business decisions into context and allows students to see the relevance of managerial accounting to their future careers.

    WileyPLUS for Managerial Accounting includes ORION Adaptive Practice that helps students build their proficiency on topics and use their study time most effectively.

    Available Digital Formats

    Instructors

    What's Inside

    data_analysis_problems

    New data analytics problems help students sharpen critical thinking.

    Data Analytics problems are designed to enhance students’ excel skills in manipulating and interpreting data.

    Author-led solution videos illuminate the problem-solving process for students.

    Over 70 new end-of-chapter exercise and problem solution videos using Lightboard technology allow students to follow along as the author solves problems from the text.

    davis-key-players

    Reordering of topics tells the story of how managerial accounting plays an integral part in decision making.

    The order of the chapters in the book is now designed around the context of a story that places business decisions in temporal order rather than the more traditional grouping of “Planning/Controlling,” “Decision Making,” and “Evaluating” sections.

    FEATURES INCLUDE

    • Manageable Units of Content: Keep students engaged using an accessible conversational style
    • Practice Questions and Exercises: Give students frequent opportunities to interact with managerial accounting topics throughout the text

    About the Authors

    charles_davis

    CHARLES E. DAVIS

    Charles E. Davis, Professor of Accounting at Baylor University, joined the accounting faculty at Baylor in 1991 after receiving his Ph.D. in accounting from the University of North Carolina at Chapel Hill. He also holds an MBA from University of Richmond, a BBA in accounting from The College of William and Mary, and is a CPA (Virginia). Prior to pursing his Ph.D., Davis worked for Reynolds Metals Company, Coopers & Lybrand, and Investors Savings Bank, all in Richmond, Virginia. It was while working in various cost accounting positions at Reynolds Metals that Davis developed his appreciation for managerial accounting. Davis’ research has been published in a number of journals, including Organizational Behavior and Human Decision Processes, Advances in Accounting, Advances in Accounting Behavioral Research, Advances in Accounting Education, Issues in Accounting Education, Journal of Accounting Case Research, and Today’s CPA. Davis has received The Institute of Management Accountants’ Lybrand Gold Medal and three Certificates of Merit for his publications in Management Accounting and Strategic Finance. He currently serves on the Editorial Board of Strategic Finance and is a former member of the Editorial Board of Issues in Accounting Education.

    eliz-davis

    ELIZABETH DAVIS

    Elizabeth Davis, President at Furman University, began her academic career as a member of the accounting faculty at Baylor University in 1992 after receiving her Ph.D. in accounting from Duke University. She also holds a BBA in accounting from Baylor University and is a CPA (Louisiana, inactive). Prior to pursuing her graduate studies, Davis worked as an auditor for Arthur Andersen & Co. in New Orleans, Louisiana. While in public practice, she specialized in the audits of financial institutions and real estate. Davis’s research has been published in a number of journals, including Organizational Behavior and Human Decision Processes, Advances in Accounting, Advances in Accounting Behavioral Research, Advances in Accounting Education, Issues in Accounting Education, and Journal of Accounting Case Research, and Today’s CPA. She has received The Institute of Management Accountants’ Lybrand Gold Medal and a Certificate of Merit for her publications in Management Accounting and Strategic Finance.

    Table of Contents

    Chapter 1: Accounting as a Tool for Management
    Chapter 2: Cost Behavior and Cost Estimation
    Chapter 3: Cost-Volume-Profit Analysis and Pricing Decisions
    Chapter 4: Product Costs and Job Order Costing
    Chapter 5: Planning and Forecasting
    Chapter 6: Performance Evaluation: Variance Analysis
    Chapter 7: Activity-Based Costing and Activity-Based Management
    Chapter 8: Using Accounting Information to Make Managerial Decisions
    Chapter 9: Capital Budgeting
    Chapter 10: Decentralization and Performance Evaluation
    Chapter 11: Performance Evaluation Revisited: A Balanced Approach
    Chapter 12: Financial Statement Analysis
    Chapter 13: Statement of Cash Flows

    Resources

    INSTRUCTOR RESOURCES

    • Instructor’s Manual: Prepared by the authors and contains unit as well as chapter summaries and detailed notes to accompany the PowerPoint slides in each chapter
    • Solutions Manual: Contains complete solutions for each question, exercise, problem, and case in the text
    • Test Bank: Available in a printable, editable format that provides assessment questions that allow instructors to tailor examinations according to multiple learning outcomes
    • Instructor PowerPoint Presentations: Contain a combination of key concepts and problems from the textbook
    • Sample Syllabi
    • Excel Template Solutions
    • End-of-Chapter Correlation Chart
    • Solutions to Additional Computational Exercises and Problems

    STUDENT RESOURCES

    • Solution Walkthrough Videos
    • Excel Templates
    • Excel Function Videos
    • Interactive Tutorials
    • Additional Practice Problems
    • Student PowerPoint Slides
    • PowerPoint Narrated by the Authors
    • WileyPLUS with ORION
    data_analysis_problems

    New data analytics problems help students sharpen critical thinking.

    Data Analytics problems are designed to enhance students’ excel skills in manipulating and interpreting data.

    Author-led solution videos illuminate the problem-solving process for students.

    Over 70 new end-of-chapter exercise and problem solution videos using Lightboard technology allow students to follow along as the author solves problems from the text.

    davis-key-players

    Reordering of topics tells the story of how managerial accounting plays an integral part in decision making.

    The order of the chapters in the book is now designed around the context of a story that places business decisions in temporal order rather than the more traditional grouping of “Planning/Controlling,” “Decision Making,” and “Evaluating” sections.

    FEATURES INCLUDE

    • Manageable Units of Content: Keep students engaged using an accessible conversational style
    • Practice Questions and Exercises: Give students frequent opportunities to interact with managerial accounting topics throughout the text
    charles_davis

    CHARLES E. DAVIS

    Charles E. Davis, Professor of Accounting at Baylor University, joined the accounting faculty at Baylor in 1991 after receiving his Ph.D. in accounting from the University of North Carolina at Chapel Hill. He also holds an MBA from University of Richmond, a BBA in accounting from The College of William and Mary, and is a CPA (Virginia). Prior to pursing his Ph.D., Davis worked for Reynolds Metals Company, Coopers & Lybrand, and Investors Savings Bank, all in Richmond, Virginia. It was while working in various cost accounting positions at Reynolds Metals that Davis developed his appreciation for managerial accounting. Davis’ research has been published in a number of journals, including Organizational Behavior and Human Decision Processes, Advances in Accounting, Advances in Accounting Behavioral Research, Advances in Accounting Education, Issues in Accounting Education, Journal of Accounting Case Research, and Today’s CPA. Davis has received The Institute of Management Accountants’ Lybrand Gold Medal and three Certificates of Merit for his publications in Management Accounting and Strategic Finance. He currently serves on the Editorial Board of Strategic Finance and is a former member of the Editorial Board of Issues in Accounting Education.

    eliz-davis

    ELIZABETH DAVIS

    Elizabeth Davis, President at Furman University, began her academic career as a member of the accounting faculty at Baylor University in 1992 after receiving her Ph.D. in accounting from Duke University. She also holds a BBA in accounting from Baylor University and is a CPA (Louisiana, inactive). Prior to pursuing her graduate studies, Davis worked as an auditor for Arthur Andersen & Co. in New Orleans, Louisiana. While in public practice, she specialized in the audits of financial institutions and real estate. Davis’ research has been published in a number of journals, including Organizational Behavior and Human Decision Processes, Advances in Accounting, Advances in Accounting Behavioral Research, Advances in Accounting Education, Issues in Accounting Education, Journal of Accounting Case Research, and Today’s CPA. She has received The Institute of Management Accountants’ Lybrand Gold Medal and a Certificate of Merit for her publications in Management Accounting and Strategic Finance.

    Chapter 1: Accounting as a Tool for Management
    Chapter 2: Cost Behavior and Cost Estimation
    Chapter 3: Cost-Volume-Profit Analysis and Pricing Decisions
    Chapter 4: Product Costs and Job Order Costing
    Chapter 5: Planning and Forecasting
    Chapter 6: Performance Evaluation: Variance Analysis
    Chapter 7: Activity-Based Costing and Activity-Based Management
    Chapter 8: Using Accounting Information to Make Managerial Decisions
    Chapter 9: Capital Budgeting
    Chapter 10: Decentralization and Performance Evaluation
    Chapter 11: Performance Evaluation Revisited: A Balanced Approach
    Chapter 12: Financial Statement Analysis
    Chapter 13: Statement of Cash Flows

    INSTRUCTOR RESOURCES

    • Instructor’s Manual: Prepared by the authors and contains unit as well as chapter summaries and detailed notes to accompany the PowerPoint slides in each chapter
    • Solutions Manual: Contains complete solutions for each question, exercise, problem, and case in the text
    • Test Bank: Available in a printable, editable format that provides assessment questions that allow instructors to tailor examinations according to multiple learning outcomes
    • Instructor PowerPoint Presentations: Contain a combination of key concepts and problems from the textbook
    • Sample Syllabi
    • Excel Template Solutions
    • End-of-Chapter Correlation Chart
    • Solutions to Additional Computational Exercises and Problems

    STUDENT RESOURCES

    • Solution Walkthrough Videos
    • Excel Templates
    • Excel Function Videos
    • Interactive Tutorials
    • Additional Practice Problems
    • Student PowerPoint Slides
    • PowerPoint Narrated by the Authors
    • WileyPLUS with ORION