Synopsis

Success in any organization?from the smallest corner store to the largest multinational corporation?requires a comprehensive understanding 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 &ldquodifferent costs for different purposes" theme is used throughout this book. By focusing on basic concepts, analyses, uses and procedures, the book recognizes cost accounting as a necessary managerial tool for business strategy and implementation. This book teaches students of MBA, MFC, MCE as well as CA, CWA and CFA values and behaviors to be effective in the workplace and prepares them for the challenges they will face in the professional world.

Features

Hallmark features

• Exceptionally strong emphasis on the managerial use of cost information
• Clear and reader-friendly text
• A balanced approach in integrating modern topics and real-world examples with existing content through chapter-opening vignettes
• Emphasis on behavioral aspects in an organization
• Increased Excel support
• Flexibility in content organization that allows the teaching of chapters in different sequences
• Excellent quantity, quality and range of assignment materials

New to this edition

• Emphasis on strategic decision-making: Revised chapter on balance scorecards connecting strategic development, strategy maps and strategic profitability analysis
• Deeper consideration of global issues: New examples of management accounting applications drawn from international settings and greater focus on the service sector, indicating the shift in world economies
• "Concepts in Action": Box items covering real-world cost accounting issues across a variety of industries
• Cutting-edge topics: Reflecting the latest changes occurring in the role of cost accounting in organizations, including current trends in Beyond Budgeting and rolling forecasts, new ideas based on Six Sigma, value streams and lean accounting

Author : Charles T. Horngren

• Paperback
• Publisher: Pearson India; 14TH edition (2012)
• Language: English
• ISBN: 9788131764350
• Package Dimensions: 10.9 x 8.6 x 1.8 inches