Overview of Cost Accounting 15e Book

The text that defined the cost accounting market. Horngren?s Cost Accounting, defined 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. This edition incorporates the latest research and most up-to-date thinking into all relevant chapters and more My Accounting Lab?? coverage! Teaching and Learning Experience. This program presents a better teaching and learning experience?for you and your students. Cost Accounting, Fifteenth Edition will: Use the most current information to prepare students for their field: Up-date material gives students a better understanding of the current issues effecting the business environment. Provide a solid presentation of accounting hallmarks with a great emphasis on strategy: Students learn key concepts with a focus on strategy that integrates modern topics with traditional coverage and teaches them how to handle the rapid pace of change in today?s organizations. Tailor the material to suit your needs: This text?s modular, flexible organization can be used to suit a number of different approaches to teaching and learning. Use the most current information to prepare students for their field. Emphasis on Global Issues reflect today?s increasingly global business environment. Benefits and challenges that arise when outsourcing products/services outside the United States are discussed throughout the text. The importance of transfer pricing in minimizing the tax burden faced by multinational companies is explained in the text. The text?s examples of management accounting applications in companies are drawn from international settings. Focus on the business sector highlights the shifts in the U. S. and world economy. Chapters discuss the concepts around the measurement of costs in a software development?rather than a manufacturing setting. The text provides several examples of the use of budgets and targets in service companies. Several concepts in action boxes focus on the service sector such as activity-based costing at Charles Schwab and managing wireless data bottlenecks. The rapid pace of change in today?s organizations is reflected throughout this edition, which include: An introduction to foreign currency and forward contract issues in the context of outsourcing decisions. Added ideas based on Six Sigma to the discussion of quality. Chapters on strategy and the balanced scorecard and simplified presentation connecting development, strategy maps, balanced scorecard and analysis of operating income. Discussion of current trends towards Beyond Budgeting and the use of rolling forecasts. A discussion on the link between traditional forms of cost allocation and the nascent movement in Europe towards Resource Consumption Accounting. A sharper focus on how companies are simplifying their costing systems with the presentation of value streams and lean accounting. Provide a solid presentation of accounting hallmarks with a great emphasis on strategy. Features of the text give students a clear picture of accounting: Exceptionally strong emphasis on managerial uses of cost information. Clarity and understandability of the text. Excellent balance in integrating modern topics with traditional coverage. Emphasis on human behavior aspects. Extensive use of real-world examples. Ability to teach chapters in different sequences. Excellent quantity, quality and range of assignment material. Strategy maps are presented as a useful tool to implement the balanced scorecard and a simplified presentation of how income statements of companies can be analyzed from the strategic perspective of product differentiation or cost leadership. Strategy considerations in