Table Of ContentPART ONE: MEASURING AND USING COSTS FOR MANAGEMENT DECISIONS.1. The Role of Accounting Information in Management Decision Making.2. The Cost Function.3. Cost-Volume-Profit Analysis.4. Relevant Costs for non-Routine Operating Decisions.PART TWO: MEASURING AND ASSIGNING COSTS FOR INTERNAL AND EXTERNAL REPORTING.5. Job Costing.6. Process Costing.7. Activity Based Costing and Management.8. Measuring and Assigning Support Department Costs.9. Joint Product and By Product Costing.PART THREE: PLANNING, MONITORING, AND MOTIVATING.10. Static and Flexible Budgets.11. Standard Costs and Variance Analysis.12. Strategic Investment Decisions.13. Joint Management of Revenues and Costs.14. Measuring and Assigning Costs for Income Statements.15. Performance Evaluation and Compensation.16. Strategic Performance Measurement.Glossary.Credits.Organization and People Index.Subject Index.
SynopsisCost Management" was written in response to changes in the global business environment. Unbridled access to information and intense competition has meant that cost accounting has become an increasingly important tool for managers and accountants alike. Most textbooks focus on content knowledge and then expect students to 'magically' demonstrate skills such as decision-making and critical thinking. "Cost Management" better prepares students for professional success by bridging the gaps between Knowledge, Skills and Abilities. Many students fail to recognize the assumptions, limitations, behavioral implications and qualitative factors that influence managerial decision-making. The dynamic, new author team focuses on cost accounting methods, techniques and the quality of cost accounting information used for decision-making to deliver a thoroughly modern treatment of cost accounting topics., Cost Management not only provides readers with an in-depthunderstanding of cost accounting procedures, it also empowers themto use cost accounting information for decision-making. Unifyingthe cost accounting content are three underlying themes that areemphasized throughout the book: 1) uncertainty and bias, 2)decision-making, and 3) ethics., "Cost Management" was written in response to changes in the global business environment. Unbridled access to information and intense competition has meant that cost accounting has become an increasingly important tool for managers and accountants alike. Most textbooks focus on content knowledge and then expect students to 'magically' demonstrate skills such as decisionmaking and critical thinking. "Cost Management" better prepares students for professional success by bridging the gaps between Knowledge, Skills and Abilities. Many students fail to recognize the assumptions, limitations, behavioral implications and qualitative factors that influence managerial decisionmaking. The dynamic, new author team focuses on cost accounting methods, techniques and the quality of cost accounting information used for decisionmaking to deliver a thoroughly modern treatment of cost accounting topics. The textbook is written in a style that is accessible to students and proactive about addressing the challenges that instructors and students face in their teaching and learning endeavors by utilizing features such as a decisionmaking framework, realistic examples, guide your learning boxes, real ethical dilemmas, selfstudy problems and unique problem material structured to encourage students to think about accounting problems and problemsolving more complexly.