Managerial Accounting: Creating Value in a Dynamic Business Environment, 8/e
Ronald W. Hilton,
Cornell University
ISBN: 0073526924 Copyright year: 2009
What's New
Major Revision and Reorganization of Activity-Based Costing Coverage
Based on input from users and reviewers of the seventh edition, the activity-based costing and activity-based management coverage, previously in Chapters 5 and 6, has been heavily revised, reorganized and condensed into a single chapter. The new Chapter 5, entitled Activity-Based Costing, covers all aspects of ABC and ABM in a single comprehensive focus company illustration.
Excel Sheets
All of the Excel sheets in the exhibits throughout the entire text have been completely revised to improve their clarity and pedagogy.
End-of-Chapter Assignment Material
The end-of-chapter assignment material has once again been very heavily revised. Several new problems have been added, and virtually all of the exercises, problems, and cases contain data different from that in the seventh edition.
Build a Spreadsheet
This feature, introduced in the preceding edition, has been completely revised for the eighth edition. Several exercises and problems in each chapter include an optional requirement to build an Excel spreadsheet to solve the problem.
Management Accounting Practice
New Management Accounting Practice insets have been added, and several of these real-world examples have been updated to make them more current.
Emphasis on the Service Industry
Greater effort has been made to point out the relevance of managerial accounting concepts and tools in service-industry settings. Many examples are given throughout the text of real-world service-industry firms using managerial accounting information.
Contrast Companies
Contrast companies, which were introduced in every chapter in the preceding edition, continue to provide major service-industry illustrations. In some chapters, these contrast company illustrations have been revised or updated.
Sarbanes-Oxley Act - This end-of-text appendix covering the Sarbanes-Oxley Act has been updated.
New supplemental chapter Process Costing in Sequential Production Departments: Weighted-Average Method
Method is available in Adobe Acrobat (.pdf) format and joins the three existing supplemental chapters—Process Costing: The First-in, First-out Method, The Statement of Cash Flows and Financial Analysis. All four are available free on the text website.
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2009 McGraw-Hill Higher Education