Includes bibliographical references and index.

1. The Role of Management Accounting 2. Accounting and Decision-Making 3. Wealth and Wealth Maximization in Decision-Making 4. Risk and Uncertainty in Decision-Making 5. Costs and Benefits for Decisions 6. COST INFORMATION 7. Cost Behaviour and Estimation 8. Cost Recording and Product Costing 9. APPLICATIONS 10. Cost-Volume-Profit Analysis 11. Pricing 12. Relevant Information for Operating Decisions 13. The Effect of Scarce Resources on Short-Term Decisions 14. Dual Prices and Opportunity Costs 15. Long-Term Decisions: The Net Present Value Rule 16. Long Term Decisions: Internal Rate of Return and Other Methods 17. The Budgeting Process 18. The Master Budget and Cash Budget 19. Variance Analysis and Standard Costing 20. Divisional Performance 21. Summary and Review Appendices: (i) Compounding and Discount Tables (ii) Bibliography (iii) Solutions to Selected Exercises

An extensive process of market research formed the basis of this third edition, aimed at rigorous introductory undergraduate, MBA and other postgraduate courses in management accounting. It has retained its clarity and distinctive conceptual approach to the explanation, illustration and evaluation of the basic concerpts, and their application to a wide range of practical issues. By placing its emphasis on decision-making, and through the inclusion of new material and improved teaching, learning and assessment features, the text provides a pertinent and critical foundation in management accounting. Teacher's Manual including OHPs (0-13-399148-2)