Management Accounting - International Edition

Management Accounting – International Edition: Information for Decision Making offers a unified approach to management accounting, skillfully designed to prepare both graduate and undergraduate business students for successful managerial careers in private sector companies, nonprofit organizations, and governmental agencies. With a cohesive structure that integrates the four foundational perspectives of the balanced scorecard, this seventh edition emphasizes the importance of aligning measurement systems with strategic objectives for sustainable value creation. The book opens with an introductory chapter before moving into an in-depth exploration of the financial perspective in its early chapters, updating traditional costing methods for today’s complex environments. It then advances to cover modern techniques such as time-driven activity-based costing, complete with a new section applying these concepts to healthcare and a case study illustrating their practical use. A dedicated chapter on customer costing provides a detailed framework for assessing customer performance, while subsequent chapters address process costing, life-cycle and innovation costing, and employee motivation. The content culminates in an integrated discussion on strategy maps, budgeting, and financial control, ensuring that every element supports the alignment of metrics with an organization’s overall strategy.