
This comprehensive textbook, Horngren's Financial & Managerial Accounting, focuses on managerial accounting principles and their application in business decisions. It explores topics such as cost accounting, including job order and process costing, budgeting, cost-volume-profit analysis, variable costing, and activity-based costing. The text also covers performance evaluation, decentralization, and capital investment decisions, emphasizing the use of relevant information for short-term and long-term planning. Additionally, it introduces concepts like just-in-time management, quality management, and the analysis of financial statements and cash flows for effective business management.
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