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Cornerstones of Managerial Accounting, 4th Edition |

Maryanne M. Mowen, Don R. Hansen, David J. McConomy, Bradley D. Witt

  • {{checkPublicationMessage('Published', '2021-03-02T00:00:00+0000')}}
Starting At $77.95 See pricing and ISBN options
Cornerstones of Managerial Accounting 4th Edition by Maryanne M. Mowen/Don R. Hansen/David J. McConomy/Bradley D. Witt

Overview

Cornerstones of Managerial Accounting provides students with a solid foundation of the core concepts in Managerial Accounting, including alignment within each chapter to the Chartered Professional Accountant (CPA) competencies that will benefit them as they move through their post-secondary careers and beyond. The Cornerstones approach focuses on three core needs: building a strong foundation of knowledge, analyzing and understanding interrelationships, and building confidence to make sound business decisions. There is a “Cornerstone” for every major calculation in the book, serving as a how-to guide for students. Purchase the digital platform CengageNOWv2 for additional practice opportunities and video explanations that will reinforce what is in the text. CengageNOWv2 also includes a “Blank Sheet of Paper Experience,” where students can problem-solve on their own without overrelying on the system—perfect for exam practice.

Maryanne M. Mowen

Dr. Maryanne M. Mowen is associate professor of accounting emerita at Oklahoma State University. She received her Ph.D. from Arizona State University. With degrees in economics and history, she brings a unique interdisciplinary perspective to teaching and writing in both cost accounting and management accounting. Her research interests include management accounting, behavioral decision theory and Sarbanes-Oxley compliance. She also teaches an ethics course about the impact of Sarbanes-Oxley on the accounting profession. Dr. Mowen has published articles in journals such as Decision Science, Journal of Economic Psychology and Journal of Management Accounting Research. She has also served as a consultant to mid-sized and Fortune 100 companies and works with corporate controllers on management accounting issues. She advises entrepreneurs and nonprofit organizations. Outside the classroom, she enjoys hiking, travelling, reading mysteries and solving crossword puzzles.

Don R. Hansen

Dr. Don R. Hansen is professor emeritus at Oklahoma State University. He has an undergraduate degree in mathematics from Brigham Young University. He received his Ph.D. from the University of Arizona. Dr. Hansen has published articles in both accounting and engineering journals, including The Accounting Review, The Journal of Management Accounting Research, Accounting Organizations and Society, Accounting Horizons and IIE Transactions. He has also served on the editorial board of The Accounting Review. His outside interests include family, church activities, reading, movies and watching sports.

David J. McConomy

David J. McConomy is an Assistant Professor at the Smith School of Business at Queen’s University. He graduated with an MBA from Queen’s University with a major in finance and accounting in 1969 after receiving a BA (Econ) from Loyola College (now part of Concordia University) in Montreal. Since qualifying as a chartered accountant with Arthur Andersen & Co. in Toronto, he has focused on the finance and accounting requirements of small- to medium-sized companies during his 30-year career in business. Mr. McConomy has gained considerable experience assisting young companies, mainly in the technology field, in strategic planning and corporate finance. As chief financial officer of Systemhouse Ltd. (which was later sold to MCI and subsequently to EDS), he was instrumental in taking that company public. During his tenure with Systemhouse, revenues rose from $16.5 million to in excess of $100 million. With Antares Electronics Inc., Mr. McConomy raised $20 million (through venture capital investments, sale-and-leaseback transactions, and the restructuring of bank lines of credit) to enable the company to become one of Profit magazine’s fastest growing companies, as revenues increased over a three-year period from $36 million to $100 million. Later, he helped ComnetiX Computer Systems Inc. to become a public company and to raise funds from a variety of sources to fund its growth. Since joining the faculty of the Smith School of Business at Queen’s University in 2001, Mr. McConomy has won numerous Faculty Teaching Awards. He prides himself on engaging with students both within the classroom and outside of it. Mr. McConomy has taught accounting, financial management, and business strategy (at the undergraduate and MBA levels) on both a full-time and part-time basis at Queen’s University, the University of Ottawa, and internationally with the Academy of Economic Studies in Bucharest, Romania, and in Beijing, China.

Bradley D. Witt

Bradley D. Witt is Professor of Accounting at Humber Institute of Technology and Advanced Learning. He graduated with an MBA from Central Michigan University with a major in finance in 1998, and is a graduate of Wilfrid Laurier University in Waterloo, Ontario. He holds the CPA (Chartered Professional Accountant) designation. Most of his 20-year business career is in manufacturing, in accounting and finance roles, with a Fortune 500 company. While in Minneapolis, Mr. Witt was the treasurer for a start-up company, NatureWorks (a joint venture between the DOW Chemical Company and Cargill) that was introducing a new biodegradable polymer (poly lactic acid (PLA)) into the plastics industry. Since November 2018, Mr. Witt has been working with Genecis Bioindustries Inc. as its CFO. Located in Scarborough, Ontario, this startup company produces a biodegradable plastic polymer (PHA) using organic waste as the feedstock, demonstrating the possibilities of a circular economy. Mr. Witt has taught accounting and finance on a part-time basis in Michigan (at an undergraduate level) and has been active in the Canadian CMA strategic leadership professional program as a marker and an evaluator for candidate board reports. His scholarly research is in the areas of management accounting and the effectiveness of various pedagogical techniques.
  • The first page of each chapter includes the Chartered Professional Accountant (CPA) competencies that are specifically addressed in that chapter. The end-of-chapter questions also reference these competencies.
  • The Experience Managerial Decisions opening vignettes have been updated. They reflect Canadian companies or multinational corporations that have prominent operations in Canada. These companies are then appropriately referenced within the chapters to reinforce the connections between key concepts and their applications in real-world business situations. In this edition, Chapter 5 includes a new opening vignette relating to Chef’s Plate and Chapter 9 includes a new opening vignette relating to Genecis Bioindustries.
  • Chapters have been updated to include additional references to current developments in Canadian industry.
  • In applicable chapters, a new Emerging Topics in Managerial Accounting box highlights the growing importance of managerial accounting in several critical areas. It provides students with insights and cutting-edge perspectives on areas such as business sustainability, enterprise risk management, lean accounting, international issues in management accounting, and fraud and forensic accounting.
  • Chapter concepts are illustrated throughout the text with the inclusion of new Kicker Speaker boxes that provide a continuing example of how the concepts apply in real life to a real company.
  • Each chapter includes indications where the Learning Objectives and Problem Material meet the requirements of the CPA Canada Competency Map; Real life examples of chapter materials are illustrated by the inclusion of "Kicker Boxes" showing how the concept is applied in a continuing example of a real company; Chapter 9 contains an all-new opening vignette relating to Genecis Bioindustries; Material has been updated to include references to current developments in Canadian industry.
  • Earlier chapters in the text include a new Here’s How It’s Used box that enables students to enjoy the process of developing a deeper understanding of managerial accounting and its implications.
  • One of the biggest complaints students have about online homework is the scrolling, which prevents students from seeing the big picture and understanding the accounting system. The new Multi-Panel View in CengageNOWv2 enables students to see all the elements of a problem on one screen. CengageNOWv2 is available to be bundled with the text or for standalone purchase.
  • Many students perform well on homework but struggle when it comes to exams. Now, with the new Blank Sheet of Paper Experience, students must problem-solve on their own, just as they would if taking a test on a blank sheet of paper. This discourages overreliance on the system. The Blank Sheet of Paper Experience is found within the CengageNOWv2 platform and can be bundled with the printed text or purchased as a standalone item.
  • In addition to Cornerstone videos for most of the Cornerstone examples, newly developed “Show Me How” and “Tell Me More” videos provide a walkthrough of some of the most commonly assigned exercises. These videos are found within the CengageNOWv2 platform. Access can be bundled with the printed text or purchased as a standalone product.
  • Each Cornerstone exercise includes four parts: Information, Required, Solution, and Why. These pieces help students understand all facets of the topic being taught and encourage them to think about the business decisions surrounding each technique.
  • Examples are easy to find, clear, and consistently formatted to help students digest and master the material faster.
  • Integrative Cases present opportunities to integrate concepts from several chapters in order to better understand the interrelationships and impacts that decisions can have.
  • You Decide boxes ask students to put themselves in the shoes of a manager and consider different implications and outcomes of their decisions.
Key Features
Updated for This Edition
Superior Supplements
Acknowledgments and Thanks
About the Authors

Chapter 1: Introduction to Managerial Accounting
Chapter 2: Basic Managerial Accounting Concepts
Chapter 3: Cost Behaviour
Chapter 4: Cost–Volume–Profit Analysis: A Managerial Planning Tool
Integrative Case 1
Chapter 5: Job-Order Costing
Chapter 6: Process Costing
Chapter 7: Activity-Based Costing and Management
Chapter 8: Absorption and Variable Costing, and Inventory Management
Chapter 9: Budgeting, Production, Cash, and Master Budget
Chapter 10: Standard Costing: A Managerial Control Tool
Integrative Case 2
Chapter 11: Flexible Budgets and Overhead Analysis
Chapter 12: Performance Evaluation and Decentralization
Chapter 13: Short-Run Decision Making: Relevant Costing
Chapter 14: Capital Investment Decisions
Integrative Case 3

Q&A Boxes: Answers
Glossary
Subject Index
Company Index
CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 0176915303
  • ISBN-13: 9780176915308
  • RETAIL $99.95

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1774747278
  • ISBN-13: 9781774747278
  • RETAIL $77.95

  • ISBN-10: 0176915265
  • ISBN-13: 9780176915261
  • RETAIL $162.95

  • ISBN-10: 0176947906
  • ISBN-13: 9780176947903
  • RETAIL $177.95

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

CNOWv2 Instant Access (12 Months/Multi Term) for Mowen's Cornerstones of Managerial Accounting

ISBN: 9780176915308
With its engaging learning and assessment tools, CengageNOWv2 supports the entire student workflow, from motivation to mastery.

FOR STUDENTS

CNOWv2 Instant Access (12 Months/Multi Term) for Mowen's Cornerstones of Managerial Accounting

ISBN: 9780176915308
With its engaging learning and assessment tools, CengageNOWv2 supports the entire student workflow, from motivation to mastery.