Synopses & Reviews
Introduce your students to the dynamic, exciting nature of cost management as this edition demonstrates how today's conditions consistently require change in cost management systems. Hansen/Mowen/Guan's COST MANAGEMENT: ACCOUNTING AND CONTROL, Sixth Edition, first covers functional-based cost and control and then activity-based cost systems, giving students the understanding and skills to manage any cost management system. This edition's expansive coverage and consistent attention to technical detail provides a thorough, well-researched foundation for learning. It addresses the most recent influential topics and emerging processes affecting the discipline, including a new chapter on lean accounting and a focus on technology tools that positively impact internal costing practices.
Review
"This is one of the best books on the market...Hansen and Mowen is the book I have adopted. I like it and recommend it to other teachers. I am a huge fan of this author team?This is flat out an excellent book?the assignments?are excellent."
Synopsis
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.
About the Author
Dr. Don R. Hansen is Professor of Accounting at Oklahoma State University. He received his PhD from the University of Arizona in 1977. He has an undergraduate degree in mathematics from Brigham Young University. His research interests include activity-based costing and mathematical modeling. He has published articles in accounting and engineering journals including THE ACCOUNTING REVIEW, JOURNAL OF MANAGEMENT RESEARCH, ACCOUNTING HORIZONS, and IIE TRANSACTIONS. He also served on the editorial board of THE ACCOUNTING REVIEW. His outside interests include taking part in family and church activities, reading, watching movies, watching sports, and studying Spanish.Dr. Maryanne M. Mowen is Associate Professor of Accounting at Oklahoma State University. She received her PhD from Arizona State University. With degrees in economics and history, Dr. Mowen brings a unique interdisciplinary perspective to teaching and writing in both cost accounting and management accounting. Her research interests include management accounting, behavioral decision theory, and Sarbanes-Oxley compliance, and she teaches an ethics course about the impact of Sarbanes-Oxley on the accounting profession. She has published articles in journals such as DECISION SCIENCE, JOURNAL OF ECONOMIC PSYCHOLOGY, and JOURNAL OF MANAGEMENT ACCOUNTING RESEARCH. Dr. Mowen has served as a consultant to midsized and Fortune 100 companies and works with corporate controllers on management accounting issues. Outside the classroom, she enjoys hiking, traveling, reading mysteries, and solving crossword puzzles.Dr. Liming Guan is Associate Professor of Accounting at the University of Hawaii at Manoa. He received his Ph.D. in accounting from Oklahoma State University in 2001. Dr. Guan has a bachelor's degree in management science and master's degree in agricultural economics. His research interests are in the areas of earnings management and accounting systems design. He has published more than 20 articles in journals such as ADVANCES IN ACCOUNTING, JOURNAL OF INTERNATIONAL ACCOUNTING RESEARCH, JOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENTAND ACCOUNTING, JOURNAL OF FORENSIC ACCOUNTING, ACM DATABASE, and INTERNATIONAL JOURNAL OF ACCOUNTING INFORMATION SYSTEMS. Outside the classroom, Dr. Guan enjoys swimming, hiking, reading, and watching the History Channel.
Table of Contents
PART 1. FOUNDATION CONCEPTS. 1. Introduction to Cost Management. 2. Basic Cost Management Concepts. 3. Cost Behavior. 4. Activity-Based Costing. PART 2. FUNDAMENTAL COSTING AND CONTROL. 5. Job Order Costing. 6. Process Costing. 7. Allocating Costs of Support Departments and Joint Products. 8. Budgeting and Activity-Based Budgeting. 9. Standard Costing. 10. Decentralization and International Issues. PART 3. ADVANCED COSTING AND CONTROL. 11. Strategic Cost Management. 12. Activity-Based Management. 13. The Balanced Scorecard. 14. Quality Cost Management. 15. Productivity Measurement and Control. 16. Environmental Costs: Measurement and Control. PART 4. DECISION MAKING. 17. Cost-Volume-Profit Analysis. 18. Tactical Decision Making. 19. Pricing and Profitability Analysis. 20. Capital Investment. 21. Inventory Management.