Product Description

Horngren’s Cost Accounting defined the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory. This acclaimed, number one market-leading book embraces the basic theme of “different costs for different purposes.” It reaches beyond cost accounting procedures to consider concepts, analyses, and management. This latest edition of Cost Accounting incorporates the latest research and most up-to-date thinking into all relevant chapters. Professional issues related to Management Accounting and Management Accountants are emphasized. Chapter topics cover the accountant's role in the organization to performance measurement, compensation, and multinational considerations. For future accountants who want to enhance their understanding of–and ability to–solve cost accounting problems.

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Product Details

• Amazon Sales Rank: #45124 in Books
• Published on: 2007-03-28
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 896 pages

From the Publisher
This market leader continues the basic theme of all previous editions: "different costs for different purposes." Cost Accounting, Ninth Edition, goes beyond cost accounting procedures and also stresses concepts, analyses and using cost accounting as a management tool.

From the Back Cover
This acclaimed, number one market-leading book embraces the basic theme of “different costs for different purposes.” It reaches beyond cost accounting procedures to consider concepts, analyses, and management. Chapter topics cover: the accountant's role in the organization; an introduction to cost terms and purposes; cost-volume-profit analysis; job costing; activity-based costing and activity-based management; master budget and responsibility accounting; flexible budgets, variances, and management control; inventory costing and capacity analysis; determining how costs behave; decision making and relevant information; pricing decisions and cost management; strategy, balanced scorecard, and strategic profitability analysis; cost allocation, customer-profitability analysis, and sales-variance analysis; allocation of support department costs, common costs and revenues; cost allocation: joint products and byproducts; process costing; spoilage, rework, and scrap; quality, time, and the theory of constraints; inventory management, just-in-time, and backflush costing; capital budgeting and cost analysis; management control systems, transfer pricing, and multinational considerations; and performance measurement, compensation, and multinational considerations. For future accountant who want to enhance their understanding of—and ability to—solve cost accounting problems.

About the Author

Charles T. Horngren is the Edmund W. Littlefield Professor of Accounting, Emeritus, at Stanford University. A Graduate of Marquette University, he received his MBA from

Harvard University and his Ph.D. from the University of Chicago. He is also the recipient

of honorary doctorates from Marquette University and DePaul University.

A Certified Public Accountant, Horngren served on the Accounting Principles Board for six years, the Financial Accounting Standards Board Advisory Council for five years, and the Council of the American Institute of Certified Public Accountants for three years. For six years, he served as a trustee of the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board and the Government Accounting Standards Board. Horngren is a member of the Accounting Hall of Fame.

A member of the American Accounting Association, he has been its President and its

Director of Research. He received its first annual Outstanding Accounting Educator Award. The California Certified Public Accountants Foundation gave Horngren its Faculty Excellence Award and its Distinguished Professor Award. He is the first person to have received both awards.

The American Institute of Certified Public Accountants presented its first Outstanding Educator Award to Horngren.

Horngren was named Accountant of the Year, Education, by the national professional accounting fraternity, Beta Alpha Psi.

Professor Horngren is also a member of the Institute of Management Accountants, from whom he received its Distinguished Service Award. He was also a member of the Institutes’ Board of Regents, which administers the Certified Management Accountant examinations.

Horngren is the author of other accounting books published by Prentice Hall:

Introduction to Management Accounting, 13th ed. (2005, with Sundem and Stratton);

Introduction to Financial Accounting, 9th ed. (2005, with Sundem and Elliott); Accounting, 6th ed. (2005, with Harrison and Bamber); and Financial Accounting, 6th ed. (2005, with Harrison).

Horngren is the Consulting Editor for the Charles T. Horngren Series in Accounting.

 

Srikant M. Datar is the Arthur Lowes Dickinson Professor of Business Administration

at Harvard University. 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 masters degrees and a Ph.D. from Stanford University.

Cited by his students as a dedicated and innovative teacher, Datar received the George Leland Bach Award for Excellence in the Classroom at Carnegie Mellon University and the Distinguished Teaching Award at Stanford University.

Datar has published his research in various journals, including The Accounting Review, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance, Journal of Accounting and Economics, Journal of Accounting Research, and Management Science. He has also served on the editorial board of several journals and presented his research to corporate executives and academic audiences in North America, South America, Asia, Africa, and Europe.

Datar is a member of the Board of Directors of Novartis A.G. and has worked with many organizations, including Apple Computer, AT&T, Boeing, British Columbia

Telecommunications, The Cooperative Bank, Du Pont, Ford, General Motors, Hewlett-

Packard, Kodak, Mellon Bank, PepsiCo, Solectron, Store 24, Stryker, TRW, Visa, and the World Bank. He is a member of the American Accounting Association and the Institute of Management Accountants.

 

George Foster is the Paul L. and Phyllis Wattis Professor of Management at Stanford

University. He graduated with a university medal from the University of Sydney and

has a Ph.D. from Stanford University. He has been awarded honorary doctorates from

the University of Ghent, Belgium, and from the University of Vaasa, Finland. He has

received the Outstanding Educator Award from the American Accounting Association.

Foster has received the Distinguished Teaching Award at Stanford University and

the Faculty Excellence Award from the California Society of Certified Public

Accountants. He has been a Visiting Professor to Mexico for the American Accounting

Association. Research awards Foster has received include the Competitive Manuscript

Competition Award of the American Accounting Association, the Notable Contribution

to Accounting Literature Award of the American Institute of Certified Public Accountants, and the Citation for Meritorious Contribution to Accounting Literature Award of the Australian Society of Accountants.

He is the author of Financial Statement Analysis, published by Prentice Hall. He is coauthor of Activity-Based Management Consortium Study (APQC and CAM-I) and Marketing, Cost Management and Management Accounting (CAM-I). He is also co-author of two monographs published by the American Accounting Association-Security Analyst Multi-Year Earnings Forecasts and The Capital Market and Market Microstructure and Capital Market Information Content Research. Journals publishing his articles include Abacus, The Accounting Review, Harvard Business Review, Journal of Accounting and Economics, Journal of Accounting Research, Journal of Cost Management, Journal of Management Accounting Research, Management Accounting, and Review of Accounting Studies.

Foster works actively with many companies, including Apple Computer, ARCO, BHP, Digital Equipment Corp., Exxon, Frito-Lay Corp., Hewlett-Packard, McDonalds Corp., Octel Communications, PepsiCo, Santa Fe Corp., and Wells Fargo. He also has worked closely with Computer Aided Manufacturing-International (CAM-I) in the development of a framework for modern cost management practices. Foster has presented seminars on new developments in cost accounting in North and South America, Asia, Australia, and Europe.

NEW Authors:

Madhav Rajan --

Madhav Rajan is the Gregor G. Peterson Professor of Accounting at the Graduate School of Business, Stanford University.  He is also Professor of Law (by courtesy) at Stanford Law School.  Madhav joined Stanford University in 2001 and, since 2002, has served as the area coordinator for Accounting at Stanford GSB.

 

Madhav received his undergraduate degree in Commerce from the University of Madras, India, and his MS in Accounting, MBA, and Ph.D degrees from the Graduate School of Industrial Administration at Carnegie Mellon University.  In 1990, his dissertation won the Alexander Henderson Award for Excellence in Economic Theory.  After completing his doctoral studies, Madhav joined the faculty of the Wharton School of the University of Pennsylvania and was promoted to the rank of tenured Associate Professor in 1996, and Professor in 2000.

           

Madhav’s primary area of research interest is the economics-based analysis of management accounting issues, especially as they relate to the choice of internal control and performance systems in firms.  His theoretical work has examined the optimal choice of information and incentive systems and the rationale behind observed internal accounting practices related to cost allocation and capital budgeting.  Madhav has also carried out empirical research, using both archival and field data, on the role of incentive systems, quality-based programs, and buyer-supplier relations.  In 2004, he received the Notable Contribution to Management Accounting Literature award for his work with Stan Baiman on “The Role of Information and Opportunism in the Choice of Buyer-Supplier Relationships.”

 

Madhav’s most recent work focuses on the internal control of multi-divisional firms.  Topics include the efficiency of auction markets at allocating resources across divisions and the usefulness of bonus pools as a means for incorporating subjective measures of managerial performance.  He is also currently involved in a research project that looks at whether and how accounting measures of performance can be used to infer the economic profitability of firms.

 

Madhav has served as an editor of The Accounting Review for the past six years.  He is an associate editor for both the Accounting and Operations areas for Management Science, and for the Journal of Accounting, Auditing and Finance.  He is a member of the Management Accounting section of the American Accounting Association and has twice been a plenary speaker at the AAA Management Accounting Conference.

 

Madhav has taught cou...

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Customer Reviews

Bad Seller. Good Amazon?
I never got my book from Intelligent Solutions. Amazon promised to reimburse but they have not so far.

Cost Accounting Book
I would never order from this merchant again. I paid for express shipping and the book didn't arrive within the expected time. I contacted this merchant twice with no reply. I finally got my book 1 week after the expected delivery date. I noticed it was shipped the day of my first email,which means if I hadn't of emailed the merchant I still might not have my book. By this time it was already late and I had to buy the book from another source so as not to miss any futher class assignments. I even requested a refund of the express shipping cost and still did not get any reply from the merchant.

Cost Accounting Review
This book was on the optional reading for the Graduate Diploma of Marketing for AGSM.

It helped fill in some of the blanks that I had. The Cost accounting solutions manual is an extra (which may be necessary to determine the expected answers.

The website for the 12th edition is still accessible, but slightly shuffled around from what is published in the book (as of August 2008).

Most of the chapters are fairly clear. The extra video online content is interesting. Though, I think an attached CD with all the content would have been much easier.

Though, they do want to charge you more for the online summaries guides, which I did think would be in the Student Solutions manual.


- JF