Cost Accounting: A Managerial Emphasis, 13/e
Studying cost accounting is one of the best business investments a student can make. Why? Because success in any organization—from the smallest corner store to the largest multinational corporation—requires the use of cost accounting concepts and practices. Cost accounting provides key data to managers for planning and controlling, as well as costing products, services, and customers.
The central focus of Cost Accounting: A Managerial Emphasis is how cost accounting helps managers make better decisions. Cost accountants are, increasingly, becoming integral members of decision-making teams instead of just data providers. To link to this decision-making emphasis, the “different costs for different purposes” theme is used throughout this book. By focusing on basic concepts, analyses, uses, and procedures, instead of procedures alone, we recognize cost accounting as a managerial tool for business strategy and implementation. We also prepare students for the rewards and challenges facing them in the professional cost accounting world both today and tomorrow. In this edition, for example, we emphasize both the development of analytical skills to leverage available information technology, as well as the values and behaviors that make cost accountants effective in the workplace.
Table of Content
- The Accountant’s Role in the Organization
- An Introduction To Cost Terms and Purposes
- Cost-Volume-Profit Analysis
- Job Costing
- Activity-Based Costing and Activity-Based Management
- Master Budget and Responsibility Accounting
- Flexible Budgets, Direct-Cost Variances, and Mangement Control
- Flexible Budgets, Overhead Cost Variances, and Management Control
- Inventory Costing and Capacity Analysis
- Determining How Costs Behave
- Decision Making and Relevant Information
- Pricing Decisions and Cost Management
- Strategy, Balanced Scorecard, and Strategic Profitability Analysis
- Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
- Allocation of Support-Department Costs, Common Costs, and Revenues
- Cost Allocation: Joint Products and Byproducts
- Process Costing
- Spoilage, Rework, and Scrap
- Balanced Scorecard: Quality, Time, and the Theory of Constraints
- Inventory Management, Just-in-Time, and Simplified Costing Methods
- Capital Budgeting and Cost Analysis
- Management Control Systems, Transfer Pricing, and Multinational Considerations
- Performance Measurement, Compensation, and Multinational Considerations
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Salient Features
- Exceptionally strong emphasis on the managerial use of cost information
- Each chapter opens with a vignette on a real company situation
- “Concepts in Action” boxes covering real-world cost accounting issues across a variety of industries
- Excellent balance in integrating modern topics with existing content
- Emphasis on human behavior aspects
- Flexibility that allows the teaching of chapters in different sequences
- Excellent quantity, quality, and range of assignment material
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