10 Managerial Accounting Books Top MBA in Accounting Use

Do you know which managerial accounting book is used by leading MBA programs? Top managerial accounting books will be provided to help you control your costs.

Background
Managerial accounting or management accounting is one of the most powerful tools for managers at all level to control the rising costs. In contrary to financial accounting which focus on external reporting, managerial accounting provide you with costing data that help you to make the right decision at the right time.

Components of Managerial Accounting
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.

Data Collection
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,

- 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

Results
We are very pleased to present the list of 10 Managerial Accounting Books that leading business schools really use as below,

- Managerial Accounting by Ray Garrison, Eric Noreen and Peter Brewer

- Cost Accounting by Charles T. Horngren, Srikant M. Datar and Madhav V. Rajan 


- Accounting: Tools for Business Decision Making by Paul D. Kimmel, Jerry J. Weygandt and Donald E. Kieso

- Schaum's Outline of Managerial Accounting by Jae Shim and Joel Siegel

- Management Accounting: Information for Decision-Making and Strategy Execution by Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura and S. Mark Young 

- Managerial Accounting: An Introduction to Concepts, Methods and Uses by Michael W. Maher, Clyde P. Stickney and Roman L. Weil

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


- The Ernst & Young Guide to Total Cost Management by Michael R. Ostrenga, Terrence R. Ozan, Robert D. McIlhattan and Marcus D. Harwood

Have you ever read a managerial accounting book listed here?