Cost Management: Accounting and Control

COST ACCOUNTING emphasizes that changing conditions often require a change in cost management systems. Emphasizing this point stresses the dynamic and exciting nature of the field. By taking a systems approach -- one that first covers functional-based cost and control and then activity-based cost systems -- students understand how to understand and manage any cost management system.

New to this edition:
。Cost Management Technology in Action feature: A boxed item has been added to each chapter, highlighting the use of technology tools (e.g., e-commerce, web sites, enterprise resource planning systems) in today’s business world.
。Chapters: New chapters have been added on the important topics of the Balanced Scorecard and activity-based budgeting.
。Expanded Coverage of Emerging Topics: Topics critical to today’s cost management systems, such as theory of constraints, economic value added (EVA), flexible budgeting, and agency theory, have been expanded.
。End-of-Chapter Materials: A collaborative learning exercise and an Internet research exercise have been added to each chapter.
。Streamlined: Topics have been combined when appropriate, resulting in a more compact and organized text.