Description
This acclaimed, number one market-leading text embraces the basic theme of ‘different costs for different purposes’. Cost Accounting, Tenth Edition reaches beyond cost accounting procedures to consider concepts, analyses, and management. For one or two term Junior/Senior level courses in Cost/Management Accounting. Also suitable for MBA level courses. *NEW – Clearer writing, more streamlined presentations, and better explanations – Improves coverage throughout the text, including essential concepts in cost-volume-profit analysis; job costing methods; activity-based-costing; variance analysis; and process costing. *NEW – Basics of activity-based-costing (ABC) now presented in a single new chapter – Yet the linkages to simpler job-costing systems are developed. *NEW – A new chapter describes the applications of management accounting to strategy – This chapter covers topics on the implementation of strategy using the balanced scorecard, a method by which accounting information can be used to evaluate strategy, reengineering, and downsizing. The topics in this chapter are new to all cost accounting and management accounting textbooks. *NEW – Process costing now is rewritten to use the 5-step approach. *NEW – Concepts explained in uncomplicated terms and then shown in practice – In many chapters (for example relevant costs and variance analysis), we first explain the concepts in simple settings and then add a section to show how these concepts can be applied in companies that implement ABC systems. *NEW – Consolidated organization of topics – Reduces the number of chapters by combining and consolidating material resulting in a more concise, streamlined text. *NEW – This edition places greater emphasis on leveraging technology, including the Internet and the World Wide Web to enhance learning. *NEW – 30% of exercises and problems are new.
