Managerial Accounting: Creating Value in a Dynamic Business Environment

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.

Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business EnvironmentChapter 2 Basic Cost Management Concepts and Accounting for Mass Customization OperationsChapter 3 Product Costing and Cost Accumulation in a Batch Production EnvironmentChapter 3 Appendix Activity-Based Costing: An IntroductionChapter 4 Process Costing and Hybrid Product-Costing SystemsChapter 4 Appendix Process Costing in Sequential Production DepartmentsChapter 5 Activity-Based Costing and Cost Management SystemsChapter 6 Activity-Based Management and Today's Advanced Manufacturing EnvironmentChapter 7 Activity Analysis, Cost Behavior, and Cost EstimationChapter 7 Appendix Finding the Least-Squares Regression EstimatesChapter 8 Cost-Volume-Profit AnalysisChapter 8 Appendix Effect of Income TaxesChapter 9 Profit Planning, Activity-Based Budgeting, and e-BudgetingChapter 9 Appendix Inventory ManagementChapter 10 Standard Costing, Operational Performance Measures and the Balanced ScorecardChapter 10 Appendix Use of Standard Costs for Product CostingChapter 11 Flexible Budgeting and the Management of Overhead and Support Activity CostsChapter 11 Appendix A Standard Costs and Product CostingChapter 11 Appendix B Sales VariancesChapter 12 Responsibility Accounting, Quality Control and Environmental Cost ManagementChapter 13 Investment Centers and Transfer PricingChapter 14 Decision Making: Relevant Costs and BenefitsChapter 14 Appendix Linear ProgrammingChapter 15 Target Costing and Cost Analysis for Pricing DecisionsChapter 16 Capital Expenditure DecisionsChapter 16 Appendix A Future Value and Present Value TablesChapter 16 Appendix B Impact of InflationChapter 17 Absorption, Variable and Throughput CostingChapter 17 Appendix Effect of the Volume Variance under Absorption and Variable CostingChapter 18 Allocation of Support Activity Costs and Joint CostsChapter 18 Appendix Reciprocal-Services MethodAppendix I Compound Interest and the Concept of Present ValueAppendix II References for Management Accountants: In Their Own Words