Ronald W. Hilton is a Professor of Accounting at Cornell University. With bachelor's and master's degrees in accounting from The Pennsylvania State University, he received his Ph.D. from The Ohio State University.

• 1. The Changing Role of Managerial Accounting in a Dynamic Business Environment2. Basic Cost Management Concepts3. Product Costing and Cost Accumulation in a Batch Production Environment4. Process Costing and Hybrid Product-Costing Systems5. Activity-Based Costing and Management6. Activity Analysis, Cost Behavior, and Cost Estimation7. Cost-Volume-Profit Analysis8. Variable Costing and the Measurement of ESG and Quality Costs9. Financial Planning and Analysis: The Master Budget10. Standard Costing and Analysis of Direct Costs11. Flexible Budgeting and the Management of Overhead and Support Activity Costs12. Responsibility Accounting and the Balanced Scorecard13. Investment Centers and Transfer Pricing14. Decision Making: Relevant Costs and Benefits15. Target Costing and Cost Analysis for Pricing Decisions16. Capital Expenditure Decisions17. Allocation of Support Activity Costs and Joint CostsAppendix I: The Sarbanes-Oxley Act, Internal Controls, and Management AccountingAppendix II: Compound Interest and the Concept of Present ValueAppendix III: Inventory Management