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Covering managerial accounting topics in manufacturing, retail, non-profit and service industries, this text combines traditional accounting material with up-to-date emerging topics. A modular approach is adopted, with coverage of ethical issues, changes to accounting systems brought about by JIT, flexible manufacturing and computer-integrated manufacturing. Each chapter is built around a major illustration based on real-world companies. This edition includes new exercises, problems and cases, as well as reorganization and expansion of material on contemporary cost management systems.