Introduction to Management Accounting

Peter Scott

A multitude of numerical and real life examples, together with the 'Why is this relevant to me?' feature, engage students by demonstrating why the material is important in real life and how the tools and techniques are used in practice by professional accountants.
Written in a clear, engaging style that speaks directly to the reader, drawing on the author's wealth of teaching experience to anticipate questions and areas of confusion.
Fully-integrated, free-to-access online resources include over 1,500 questions, Excel-based exercises, and video content.
Packed with supportive learning features that break down each topic into manageable chunks, prompting students to realistically assess their understanding and undertake self-led practice.
Content has been extensively tested with lecturers to closely follow the topics covered in an introductory management accounting module.
Also available as an e-book with functionality, navigation features, and links that offer extra learning support

Introduction to Management Accounting

Peter Scott

Description

Peter Scott's Introduction to Management Accounting provides a thorough but accessible and engaging introduction to the subject for first year students.

This highly practical textbook uses a multitude of worked and real life examples, supportive learning features, crystal clear explanations, and extensive online resources (all fully integrated with the book) to guide students towards a confident understanding of the fundamentals of management accounting. Scott's lively writing style sets the numerical content within an easy-to-follow narrative, and the real life relevance of each tool or technique is explained at every turn. All key areas of first year management accounting courses are covered to provide a solid foundation for more advanced modules.

The book's online resources include a wealth of materials which can be downloaded into a university's local VLE.

The student resources include:

- Interactive Multiple Choice Questions for revising key topics;
- Numerical exercises for practising the calculation of accounting information from given sets of data;
- 'Go back over this again' features containing a mix of further examples, written exercises, true or false questions, and annotated accounting information to help consolidate learning and revise or revisit concepts;
- 'Show me how to do it' videos that provide practical demonstrations of dealing with more complex accounting tasks;
- Web links for primary source material and articles through which readers can learn more about the companies and organizations discussed in the book.

Lecturer resources include PowerPoint slides, examples and solutions, and hundreds of ready-to-use multiple-choice questions, all arranged by chapter. Lecturers can choose to make the online materials available to their students via Dashboard, a learning and assessment tool which provides sophisticated analytics for student achievement and engagement with the resources, also facilitating discussions and course updates.

Introduction to Management Accounting

Peter Scott

1:Introduction
2:Cost and management accounting in context
3:Product costing: Absorption costing
4:Relevant costs, marginal costing and short-term decision making
5:Standard costing and variance analysis
6:Budgeting
7:Process costing
8:Capital investment appraisal
9:Corporate governance and sustainability

Introduction to Management Accounting

Peter Scott

Author Information

Peter Scott, Former Principal Lecturer in Accounting and Finance, De Montfort University

Peter Scott held the position of Principal Lecturer in Accounting and Finance at De Montfort University until 2016, teaching at both undergraduate and postgraduate level. He was an undergraduate personal tutor and was awarded a Vice Chancellor's Distinguished Teaching Award on four occasions following nominations by his students. Prior to De Montfort, Peter trained with Grant Thornton, Chartered Accountants, where he also gained post qualification experience, before moving into industry at Ashfield Holdings Plc. Peter has presented various academic papers on the subject of auditing at several conferences in the UK, and has jointly authored published papers in refereed journals. He has also undertaken writing assignments for the ACCA, CIMA and the CIES International University Network (University of Neuchatel, Switzerland).

Introduction to Management Accounting

Peter Scott

Reviews and Awards

"This highly engaging, well-written book and its excellent online resources offer a great practical introduction to management accounting. Students are helped not only to understand the k ey concepts but to appreciate, through timely real world and realistic examples, how they apply in real life." - Gayle Waddell, University of Liverpool