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Management & Cost Accounting, 13th Edition

Colin Drury, Mike Tayles

Copyright 2027
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Management & Cost Accounting 13th Edition by Colin Drury/Mike Tayles

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Overview
Meet the Authors
What's New
Features
Table of Contents
Pricing

Overview

For over 35 years, Management and Cost Accounting has set the benchmark for combining theory with real-world application: the authors equip students with a clear understanding of the core principles and practices essential to management accounting.

Now in its 13th edition, this trusted textbook maintains its hallmark clarity and accessibility while providing comprehensive coverage to support professional exam preparation and career-readiness. Each chapter features employability-focused exercises, many review problems and current mini-cases drawn from global organizations such as Netflix, Amazon and Apple.

This new edition expands its coverage of data analytics, environmental management accounting and how AI can support the profession.

Drawing on his extensive experience, Mike Tayles continues to comprehensively revise Colin Drury's text.

Meet the Authors

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Colin Drury

The late Colin Drury was at Huddersfield University from 1970 until his retirement in 2004, when he was awarded the title of Emeritus Professor. For over 40 years, Professor Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his bestselling textbooks, which have been widely recommended by the main professional accounting bodies for their examinations. He was an active researcher throughout his career and his research has been published in around 100 professional and academic journals. In recognition for his contribution to accounting education and research, Drury received a lifetime achievement award by the British Accounting Association in 2009. Drury’s flagship title Management and Cost Accounting was first published in 1985 and is now in its 12th edition. It established itself as one of the leading management accounting textbooks in EMEA. It is known, not just for its rigour and authority, but particularly for Drury’s down-to-earth style that reflects his background as a practising accountant before his involvement in academia.

Mike Tayles

Professor Mike Tayles holds the Emeritus Chair in Accounting and Finance at the University of Hull. During his career he has been the Head of Management Accounting and Programme Director of various Degree Programs as well as a Visiting Professor at various universities internationally. He has been an examiner/lead marker for the ACCA and CIMA. Mike is a Chartered Management Accountant with a first degree in mathematics and economics and a doctorate in contemporary management accounting practices. He has worked in various manufacturing industries, holding such positions as group management accountant and financial controller. Mike Tayles' research interests include management accounting practices, cost system design, activity-based cost management and developments in strategic management accounting, including quality and intellectual capital. He has presented papers at national and international conferences, published articles in professional and international academic journals and research reports. He has consulting and research experience in manufacturing as well as service businesses.

What's New

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Redesigned opening chapter to introduce today’s business landscape first, followed by core concepts and terminology.
Expanded coverage of data analytics, [LC3.1] AI[LC4.1], IoT and digital technologies shaping modern management accounting.
New sections on dynamic pricing, relevant cost analysis, generic decision processes and data-driven customer profitability.
Updated explanations, new figures and diagrams, and streamlined content across all chapters.
New and updated Real World View examples covering topics like AI, sustainability, pricing and global business featuring companies such as Amazon, Netflix, easyJet, Tesla and Apple.
MindTap (separate purchase) focuses[LC5.1] on students’ carer-readiness including employability skills, Excel online and data skills builder exercises.

Features

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Step-by-step examples clearly explain key management accounting concepts, helping you build understanding with confidence.
Up-to-date Real World Views connect theory to practice and show how accounting works in today’s business environment.
Comprehensive end-of-chapter questions, ranging from basic to advanced, help reinforce learning and prepare you for professional exams.
Built-in employability exercises in every chapter develop essential IT and presentation skills to support your future career success.

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Part 1: Introduction to management and cost accounting
1. Introduction to management accounting
2. An introduction to cost terms and concepts

Part 2: Cost accumulation for inventory valuation and profit measurement
3. Cost assignment
4. Process costing
5. Joint and by-product costing
6. Income effects of alternative cost accumulation systems

Part 3: Information for decision-making
7. Cost-volume-profit analysis
8. Measuring relevant costs and revenues for decision-making
9. Pricing decisions and profitability analysis
10. Activity-based costing
11. Decision-making under conditions of risk and uncertainty
12. Capital investment decisions: appraisal methods
13. Capital investment decisions: the impact of capital rationing, taxation, inflation and risk

Part 4: Information for planning, control and performance measurement
14. Management control systems
15. The budgeting process
16. Standard costing and variance analysis 1
17. Standard costing and variance analysis 2: further aspects
18. Divisional financial performance
19. Transfer pricing in divisionalized companies

Part 5: Strategic performance and cost management for value creation, digitalization, sustainability and the future of management accounting
20. Strategic performance management
21. Strategic cost management and value creation
22. Management accounting: contemporary technologies and data analytics
23. Sustainability and environmental management accounting
24. Challenges for the future

Part 6: Addendum: The application of quantitative methods to management accounting
25. Cost estimation and cost behaviour
26. Quantitative models for the planning and control of inventories

Digital only:
• Accounting entries for a job costing system
• The application of linear programming to management accounting