Solution Managerial Accounting Hilton Platt 9e: The Best Book for Learning Managerial Accounting in a Global Business Environment
Solution Managerial Accounting Hilton Platt 9e: A Comprehensive Guide
Managerial accounting is a branch of accounting that focuses on providing information to managers for planning, decision making, and control. Managerial accounting helps managers to achieve their goals and objectives by measuring and analyzing the performance of various business activities, such as product costing, budgeting, variance analysis, capital investment, and performance evaluation.
solution managerial accounting hilton platt 9e
However, managerial accounting is not an easy subject to master. It requires a solid understanding of the concepts, methods, and tools that are used to collect, process, and communicate relevant and reliable information to managers. It also requires a critical thinking and problem-solving skills to apply the information to various business scenarios and contexts.
That's why you need a good textbook that can guide you through the process of learning managerial accounting. One such textbook is Solution Managerial Accounting Hilton Platt 9e, written by Ronald W. Hilton and David E. Platt. This book is designed to help you learn the fundamentals of managerial accounting in a clear, concise, and engaging way.
Solution Managerial Accounting Hilton Platt 9e: The Book
Solution Managerial Accounting Hilton Platt 9e is the ninth edition of a popular textbook that has been used by thousands of students and instructors around the world. It covers all the essential topics of managerial accounting in a logical and coherent manner. It also provides numerous examples, exercises, cases, and problems that help you practice and apply what you learn.
Some of the main features of this book are:
It uses a balanced approach that combines both traditional and contemporary topics and techniques of managerial accounting.
It emphasizes the role of managerial accounting as a strategic partner in business decision making.
It integrates ethical issues and real-world examples throughout the book.
It incorporates the latest developments and trends in managerial accounting, such as sustainability, lean operations, quality management, data analytics, and behavioral aspects.
It offers a flexible and modular structure that allows you to customize your course according to your needs and preferences.
To use this book effectively, you should follow these steps:
Read each chapter carefully and pay attention to the learning objectives, key terms, concepts, methods, and tools.
Review the summary and self-test questions at the end of each chapter to check your understanding.
Work on the exercises, problems, cases, and group projects at the end of each chapter to practice your skills and apply your knowledge.
Use the online learning center and other resources to enhance your learning experience.
Solution Managerial Accounting Hilton Platt 9e: The Topics
This book covers a wide range of topics that are relevant and important for managerial accounting. Here is a brief overview of each topic and what you can expect to learn from it.
Cost concepts and behavior
This topic introduces you to the basic concepts and terminology of cost accounting, such as cost objects, cost drivers, direct and indirect costs, fixed and variable costs, and mixed costs. You will learn how to classify, measure, and assign costs to different cost objects, such as products, services, departments, or activities. You will also learn how to analyze the behavior of costs and how they change with changes in the level of activity or output.
This topic shows you how to use cost-volume-profit (CVP) analysis to examine the relationships among cost, volume, and profit. You will learn how to calculate and interpret the break-even point, the margin of safety, the contribution margin ratio, and the degree of operating leverage. You will also learn how to use CVP analysis for decision making, such as pricing, product mix, outsourcing, and special orders.
Activity-based costing and management
This topic explains how to use activity-based costing (ABC) and activity-based management (ABM) to improve the accuracy and relevance of product costing and performance measurement. You will learn how to identify and measure the activities that consume resources and drive costs, and how to assign costs to products or services based on their consumption of activities. You will also learn how to use ABC and ABM for process improvement, customer profitability analysis, and value chain analysis.
Budgeting and control
This topic teaches you how to prepare and use budgets for planning and control purposes. You will learn how to develop different types of budgets, such as sales budget, production budget, cash budget, master budget, flexible budget, and capital budget. You will also learn how to use budgetary control systems to compare actual results with budgeted amounts and to investigate and explain the variances.
Standard costing and variance analysis
This topic demonstrates how to use standard costing and variance analysis to evaluate the efficiency and effectiveness of operations. You will learn how to set standards for materials, labor, and overhead costs, and how to compute and analyze the variances between actual costs and standard costs. You will also learn how to use variance analysis for performance evaluation and continuous improvement.
Flexible budgeting and performance evaluation
This topic illustrates how to use flexible budgeting and performance evaluation to measure and improve the performance of managers and business units. You will learn how to prepare flexible budgets that adjust for changes in the level of activity or output. You will also learn how to evaluate the performance of managers and business units using different measures, such as return on investment (ROI), residual income (RI), economic value added (EVA), balanced scorecard (BSC), and quality cost report.
Relevant costs and short-term decisions
This topic shows you how to use relevant costs and benefits to make short-term decisions that affect the profitability of the organization. You will learn how to identify relevant costs and benefits for different types of decisions, such as make or buy, sell or process further, keep or drop a product line or segment, accept or reject a special order, or utilize scarce resources. You will also learn how to consider qualitative factors that may influence the decision making process.
Capital budgeting and long-term decisions
This topic explains how to use capital budgeting techniques to make long-term decisions that affect the future cash flows of the organization. You will learn how to evaluate different types of capital investment projects, such as expansion, replacement, or new product development. You will also learn how to apply different methods of capital budgeting analysis, such as payback period, net present value (NPV), internal rate of return (IRR), profitability index (PI), or accounting rate of return (ARR).
Performance measurement and responsibility accounting
This topic describes how to use performance measurement and responsibility accounting systems to monitor and motivate the behavior of managers and employees. You will learn how to design responsibility centers, such as cost centers, revenue centers, profit centers, or investment centers. You will also learn how to allocate costs among responsibility centers using different methods, such as direct method, step method, reciprocal method, or dual-rate method.
Balanced scorecard and strategic profitability analysis
(cost drivers, activity rates, and activity-based costing) to analyze the profitability of different products, customers, or markets.
Solution Managerial Accounting Hilton Platt 9e: The Resources
To help you learn more effectively and efficiently, this book provides you with various resources that you can access online or offline. Some of these resources are:
Online learning center
This is a website that accompanies the book and provides you with additional materials and features, such as:
Interactive quizzes and exercises that test your understanding and provide instant feedback.
PowerPoint slides and lecture notes that summarize the key points of each chapter.
Excel templates and tutorials that show you how to use spreadsheets for managerial accounting applications.
Data analytics cases and videos that demonstrate how to use data analysis tools and techniques for managerial accounting problems.
Connect accounting software that allows you to access the book online, complete assignments, and track your progress.
This is a document that provides instructors with guidance and support for teaching the course using this book. It includes:
Course objectives and learning outcomes for each chapter.
Suggested teaching strategies and tips for effective instruction.
Answers and solutions to all the exercises, problems, cases, and group projects in the book.
Additional exercises, problems, cases, and group projects that can be used for homework, quizzes, or exams.
Test bank and solutions manual
This is a collection of multiple-choice questions and short-answer questions that can be used to assess the students' knowledge and skills. It includes:
Over 2000 questions covering all the topics in the book.
Questions that vary in difficulty level and cognitive level.
Questions that are tagged with learning objectives, key terms, and Bloom's taxonomy levels.
Answers and explanations to all the questions.
In conclusion, Solution Managerial Accounting Hilton Platt 9e is a comprehensive and user-friendly textbook that can help you learn the fundamentals of managerial accounting in a clear, concise, and engaging way. It covers all the essential topics of managerial accounting in a logical and coherent manner. It also provides numerous examples, exercises, cases, and problems that help you practice and apply what you learn. It also offers various resources that enhance your learning experience and support your instructors. Whether you are a student or an instructor, this book is a valuable resource that can help you achieve your learning goals and objectives.
Frequently Asked Questions
Here are some of the frequently asked questions about this book and their answers.
What is the difference between the ninth edition and the previous editions of this book?
The ninth edition of this book has been updated and revised to reflect the latest developments and trends in managerial accounting. Some of the changes include:
New topics such as sustainability, lean operations, quality management, data analytics, and behavioral aspects have been added or expanded throughout the book.
New examples, exercises, problems, cases, and group projects have been added or updated to reflect current business practices and scenarios.
New features such as "Ethics in Action", "Managerial Accounting in Action", "Data Analytics in Action", and "Behavioral Aspects in Action" have been added to highlight the importance and relevance of these aspects in managerial accounting.
New online resources such as interactive quizzes, Excel templates, data analytics cases, videos, and Connect accounting software have been added to enhance the learning experience.
How can I access the online learning center and Connect accounting software?
you can access the online learning center and Connect accounting software by logging in with your email and password. You can then access the materials and features that are available for each chapter of the book.
How can I get help if I have any questions or problems with the book or the online resources?
If you have any questions or problems with the book or the online resources, you can contact the customer service team of the publisher. You can also contact your instructor or classmates for assistance. You can also use the online forums and chat rooms that are available on the online learning center and Connect accounting software to interact with other users and get help.
How can I give feedback or suggestions for improvement for this book or the online resources?
If you have any feedback or suggestions for improvement for this book or the online resources, you can fill out an online survey that is available on the online learning center and Connect accounting software. You can also write a review or a comment on the website of the publisher or the online bookstore where you purchased the book. You can also email the authors directly with your feedback or suggestions.
Where can I find more information about this book or the authors?
If you want to find more information about this book or the authors, you can visit the website of the publisher or the online learning center and Connect accounting software. You can also visit the personal websites of the authors or their social media accounts. You can also search for their publications, interviews, podcasts, videos, or blogs on the internet.