Horngren s cost accounting 16th ed

For undergraduate and MBA Cost or Management Accounting courses.
 
The text that defined the cost accounting market
 
Horngren s Cost Accounting defines the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory into the text. This acclaimed, market-leading text emphasizes the basic theme of different costs for different purposes, and reaches beyond cost accounting procedures to consider concepts, analyses, and management. The 16th Edition, Global Edition, incorporates the latest research and most up-to-date thinking into all relevant chapters, so that students are prepared for the rewards and challenges they will face in the professional cost accounting world of today and tomorrow.
 
MyLab^TM Accounting not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. 
 
About the book
 
Use the most current information to prepare students for their field

• Emphasis on Global Issues reflect today s increasingly global business environment.
• The importance of joint cost allocation in creating a trade war between poultry farms in South Africa and the United States (Chapter 16).
• The text s examples of management accounting applications in companies are drawn from international settings.
• Focus on merchandising and service sectors (versus traditional manufacturing settings)highlight the shifts in the US and world economies.
• Several Concepts in Action boxes focus on the merchandising and service sectors, including achieving cost leadership at Trader Joes, using activity-based costing to reduce the costs of health care delivery at the Mayo Clinic (Chapter 5), reducing fixed costs at Twitter (Chapter 2), and analyzing operating income performance at Best Buy (Chapter 12) and web-based budgeting at 24 Hour Fitness.
• Emphasis on sustainability as one of the critical managerial challenges of the coming decades, including material that stress themes of recognizing and accounting for environmental costs, energy independence and the smart grid, setting stretch targets to motivate greater carbon reductions, using cost analysis, carbon tax, and cap-and-trade auctions to reduce environmental footprints, and constructing green homes in a cost-effective manner.
• More focus on the role of accounting concepts and systems in fostering and supporting innovation and entrepreneurial activities in firms including:

o The challenges posed by recognizing R&D costs as period expenses even though the benefits of innovation accrue in later periods.
o How companies budget for innovation expenses and develop measures to monitor success of the innovation efforts delinked from operational performance in the current period (Chapter 6).
o The importance of nonfinancial measures when making decisions about innovation (Chapter 11).
o The concept that innovation starts with understanding customer needs (Chapter 13).
o Process innovations for improving quality (Chapter 19).

• Cutting-edge topics are covered, including material around recent trends in big data and data analytics in predicting costs and when making demand forecasts.
• Provide a solid pr

List of contents

• 1. The Manager and Management Accounting
• 2. An Introduction to Cost Terms and Purposes 
• 3. Cost–Volume–Profit Analysis 
• 4. Job Costing 
• 5. Activity-Based Costing and Activity-Based Management 
• 6. Master Budget and Responsibility Accounting 
• 7. Flexible Budgets, Direct-Cost Variances, and Management Control 
• 8. Flexible Budgets, Overhead Cost Variances, and Management Control 
• 9. Inventory Costing and Capacity Analysis 
• 10. Determining How Costs Behave 
• 11. Decision Making and Relevant Information 
• 12. Strategy, Balanced Scorecard, and Strategic Profitability Analysis 
• 13. Pricing Decisions and Cost Management 
• 14. Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis 
• 15. Allocation of Support-Department Costs, Common Costs, and Revenues 
• 16. Cost Allocation: Joint Products and Byproducts 
• 17. Process Costing 
• 18. Spoilage, Rework, and Scrap 
• 19. Balanced Scorecard: Quality and Time 
• 20. Inventory Management, Just-in-Time, and Simplified Costing Methods 
• 21. Capital Budgeting and Cost Analysis 
• 22. Management Control Systems, Transfer Pricing, and Multinational Considerations 
• 23. Performance Measurement, Compensation, and Multinational

About the author

Srikant M. Datar is the Arthur Lowes Dickinson Professor of Business Administration at the Harvard Business School, Faculty Chair of the Harvard University Innovation Labs, and Senior Associate Dean for University Affairs. He previously served as Senior Associate Dean from 2000 to 2010. A graduate with distinction from the University of Bombay, he received gold medals upon graduation from the Indian Institute of Management, Ahmedabad, and the Institute of Cost and Works Accountants of India. A chartered accountant, he holds two master’s degrees and a PhD from Stanford University.
Madhav V. Rajan is the Robert K. Jaedicke Professor of Accounting at Stanford University’s Graduate School of Business. He is also Professor of Law (by courtesy) at Stanford Law School. From 2010 to 2016, he was Senior Associate Dean for Academic Affairs and head of the MBA program at the Stanford GSB.

Summary

Horngren’s Cost Accounting defines the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory into the text.
This acclaimed, market-leading text emphasises the basic theme of “different costs for different purposes,” and reaches beyond cost accounting procedures to consider concepts, analyses, and management.
The 16th Edition incorporates the latest research and most up-to-date thinking into all relevant chapters, so that readers are prepared for the rewards and challenges they will face in the professional cost accounting world of today and tomorrow.

Product details

• Authors: Srikant Datar, Srikant M Datar, Srikant M. Datar, Madhav Rajan, Madhav V Rajan, Madhav V. Rajan
• Publisher: Prentice Hall
• Languages: English
• Product format: Paperback / Softback
• Released: 31.12.2017
• EAN: 9781292211541
• ISBN: 978-1-292-21154-1
• Series: Pearson; Pearson
• Subjects: Non-fiction book > Politics, society, business > Business administration, companies; Social sciences, law, business > Business > Business administration