Managerial Accounting

Managerial Accounting

9th Edition | See Newer Edition

By Ronald Hilton

  • Copyright: 2011

  • Publication Date: Sep 29 2010

  • ISBN 10: 0078110912

  • ISBN 13: 9780078110917



The emphasis of Managerial Accounting, 9th edition is on teaching students to use accounting information to best manage an organization. In a practice Hilton pioneered in the first editi

The emphasis of Managerial Accounting, 9th edition is on teaching students to use accounting information to best manage an organization. In a practice Hilton pioneered in the first edition, each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. Known for balanced examples of Service, Retail, Nonprofit and Manufacturing companies, Hilton offers a clear, engaging writing style that has been praised by instructors and students alike. As in previous editions, there is significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, customer profitability analysis, and throughput costing while also including traditional topics such as job-order costing, budgeting and performance evaluation.

  • Language: English

  • Imprint: Irwin/McGraw-Hill

  • Dimension: 8.6 x 11.1

  • Page Count: 864

New Features

  • New Chapter Summaries: All of the chapter summaries have been completely rewritten, and they are now structured on the learning objectives for each chapter. In each new chapter summary, each of the chapter’s learning objectives are repeated. Then each learning objective is followed by appropriate summary content.
  • Revised and Updated Pedagogy: Many chapters include revisions of pedagogy, condensing and streamlining of explanations and addition of more current examples and references from the popular business press (e.g., The Wall Street Journal and Bloomberg BusinessWeek).
  • Revised End-of-Chapter Assignment Material: The end-of-chapter assignment material has been very heavily revised. Virtually all of the quantitative exercises, problems, and cases contain data different from that in the eighth edition.
  • Revised Build a Spreadsheet: This popular feature has been completely revised for the ninth edition. Several exercises and problems in each chapter include an optional requirement to build an Excel spreadsheet to solve the problem.
  • Enhanced Service Industry Examples: As the service industry occupies an ever-greater role in the economy, even greater emphasis has been placed on providing examples throughout the text of real-world service-industry firms using managerial accounting information.
  • Updated Contrast Companies: Contrast companies appear in every chapter and continue to provide major service-industry examples.
  • Management Accounting Practice: Several of these real-world examples have been revised and updated to make them more current, and several new examples have been added.
  • Supplementary Chapters Process: Supplementary chapters on special topics are more accessible than ever. These supplements are located on the Online Learning Center at and include:
    • FIFO Method of Process Costing
    • Process Costing in Sequential Production Departments: Weighted-Average Method
    • Statement of Cash Flows
    • Analyzing Financial Statements
    The Solutions Manual for each supplement can be found on the password-protected Instructor’s Online Learning Center.

Key Features

  • Focus on Ethics segments, which pose ethical dilemmas or discuss ethical issues and then ask the student for his or her opinion about the issue.
  • Coverage of environmental cost management - a hot, new topic in the field.
  • Managerial Accounting Practice pedagogical boxes that expose students to real world experiences of managerial accounting in action.
  • Management Accountants: In Their Own Words: This feature incorporates actual quotes from practicing managerial accountants. This serves as a friendly, informal teaching device designed to show students how the field is changing and highlight the accountant’s role in companies’ cross-functional management teams.
  • Focus Companies: One of the hallmark features of Hilton’s “Managerial Accounting” is its pioneering of the focus company approach. By using focus companies to illustrate concepts, students immediately see the importance of the material and become excited about the content. Each chapter is written around a realistic business that introduces the reader to the topics of that chapter. Each chapter is written as a self-contained unit to allow instructors maximum flexibility in topic sequencing.
  • Current Topics: The 9th edition continues to contain very contemporary topical coverage. There is an even presentation of contemporary topics (activity-based costing and activity-based management: Target Costing, Kaizen Costing, the Value Chain, etc) and traditional topics (job-order costing, cost estimation, cost-volume-profit analysis, budgeting, etc). The balanced presentations of Service, Retail, Nonprofit, and Manufacturing examples have been retained. A complete list of the focus companies can be found on the endsheets of the textbook.






Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment

Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations


Table of Contents


Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment

Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations

Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment

Chapter 3 Appendix Activity-Based Costing: An Introduction

Chapter 4 Process Costing and Hybrid Product-Costing Systems

Chapter 5 Activity-Based Costing and Management

Chapter 5 Appendix Just-in-Time Inventory and Production Management

Chapter 6 Activity Analysis, Cost Behavior, and Cost Estimation

Chapter 6 Appendix Least-Squares Regression Using Microsoft Excel

Chapter 7 Cost-Volume-Profit Analysis

Chapter 7 Appendix Effect of Income Taxes

Chapter 8 Absorption and Variable Costing

Chapter 9 Profit Planning and Activity-Based Budgeting

Chapter 10 Standard Costing, Operational Performance Measures and the Balanced Scorecard

Chapter 10 Appendix Use of Standard Costs for Product Costing

Chapter 11 Flexible Budgeting and the Management of Overhead and Support Activity Costs

Chapter 11 Appendix A Standard Costs and Product Costing

Chapter 11 Appendix B Sales Variances

Chapter 12 Responsibility Accounting, Quality Control and Environmental Cost Management

Chapter 13 Investment Centers and Transfer Pricing

Chapter 14 Decision Making: Relevant Costs and Benefits

Chapter 14 Appendix Linear Programming

Chapter 15 Target Costing and Cost Analysis for Pricing Decisions

Chapter 16 Capital Expenditure Decisions

Chapter 16 Appendix A Future Value and Present Value Tables

Chapter 16 Appendix B Impact of Inflation

Chapter 17 Allocation of Support Activity Costs and Joint Costs

Chapter 17 Appendix Reciprocal-Services Method

Appendix I The Sarbanes-Oxley Act, Internal Controls, and Management Accounting

Appendix II Compound Interest and the Concept of Present Value

Appendix III Inventory Management

References for In their Own Words


Photo Credits

Index of Companies and Organizations

Index of Subjects



About the Authors

Ronald Hilton

A Professor of Accounting at Cornell University, Professor Hilton teaches in the areas of managerial accounting and cost management systems. With bachelor's and master's degrees in accounting from The Pennsylvania State University, he received his Ph.D. from The Ohio State University. A Cornell faculty member since 1977, Professor Hilton also has taught accounting at Ohio State and the University of Florida, where he held the position of Walter J. Matherly Professor of Accounting. Prior to pursuing his doctoral studies, Hilton worked for Peat, Marwick, Mitchell and Company and served as an officer in the United States Air Force. Professor Hilton is a member of the Institute of Management Accountants and has been active in the American Accounting Association. He has served as associate editor of The Accounting Review and as a member of its editorial board. Hilton also has served on the editorial board of the Journal of Management Accounting Research. He has been a member of the resident faculties of both the Doctoral Consortium and the New Faculty Consortium sponsored by the American Accounting Association. With wide-ranging research interests, Hilton has published articles in many -journals, including the Journal of Accounting Research, The Accounting Review, -Management Science, Decision Sciences, The Journal of Economic Behavior and Organization, Contemporary Accounting Research, and the Journal of Mathematical Psychology. Author of Managerial Accounting, he also has published a monograph in the AAA Studies in Accounting Research series, is a co-author of Budgeting: Profit Planning and Control, and is a co-author of Cost Accounting: Concepts and Mana-ge-rial Applications. Professor Hilton's current research interests focus on contemporary cost management systems and international issues in managerial accounting. In recent years, he has toured manufacturing facilities and consulted with practicing managerial accountants in North America, Europe, Asia, and Australia.