10 Managerial Accounting Books Leading MBA Programs Use

Are you searching for a managerial accounting book to slash the rising costs? We will show you 10 managerial accounting books used in top MBA programs.

Components of Managerial Accounting

Managerial accounting or management accounting has been the unsung hero for both accounting managers and non-accounting managers alike. Unlike financial accounting which focuses on reporting of financial data to outsiders, managerial accounting helps company to understand its cost structure of particular product, process or department so they can make sound business decisions.

A typical managerial accounting book will explain about fundamental concepts such as,

- Basic cost management concepts
- Various product costing concepts such as activity based costing, target costing, job order costing and so on
- Activity analysis
- Cost estimation
- Capital budgeting and sales forecasting

With true cost knowledge, a typical operations manager will be able to find ways to reduce costs and improve service.

Finding Best Managerial Accounting Book

A reader who takes care of transportation function would like to reduce transportation related costs. So he asks us for a managerial accounting book recommendation. We explore managerial accounting book landscape then we collect data as below,

Managerial Accounting Book

- We check out the list of top business school rankings based US News report

- We select top 10 business schools specializing in accountancy, namely, NYU Stern, US Marshall, Stanford, UIUC, Umich, Mccombs, Wharton, UNCC, Chicago Booth and BYU

- After that, we visit each school's website and check the managerial accounting syllabus

- We try to find out which managerial accounting book is listed as a required reading

- We also consider a non-traditional managerial accounting book if it is listed as the supplementary reading materials

- We finalize the list of managerial accounting book based on citation counts

Best Managerial Accounting Books are as below:

  1. Managerial Accounting: Creating Value in a Dynamic Business Environment , by Ronald W. Hilton and David E. Platt

  2. Accounting: Tools for Business Decision Making , by Paul D. Kimmel et al

  3. Schaum's Outline of Managerial Accounting , by Jae Shim and Joel Siegel

  4. Management Accounting: Information for Decision-Making and Strategy Execution , by Anthony A. Atkinson et al

  5. Managerial Accounting: An Introduction to Concepts, Methods and Uses , by Michael W. Maher et al

  6. Balanced Scorecard: Translating Strategy into Action , by Robert S. Kaplan and David P. Norton

  7. How Successful Managers Use Financial Information to Grow Organizations , by Antonio Davila

  8. Ernst & Young Guide to Total Cost Management , by Michael R. Ostrenga et al

  9. Managerial Accounting , by Ray Garrison et al

  10. Cost Accounting , by Charles T. Horngren et al

Have you ever read a managerial accounting book listed here?

Posted by , the editor of SupplyChainOpz.com