Cost Management: Strategies for Business Decisions
Hilton/Maher/Selto (HMS) addresses traditional cost concepts,but makes cost accounting functional by focusing on measuring and managing costs. HMS maintains that,"Costs don't just happen," and with a pro-active approach toward costs,accountants can add value to an organization. Faculty will appreciate the new and more conventional chapter organization in the first two sections of the text. The real-world approach of this text,including the use of focus companies and the new accompanying focus...
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Hilton/Maher/Selto (HMS) is for instructors who want to teach students to manage costs and not just account for costs. HMS maintains that, “Costs don’t just happen,” and with a pro-active approach toward costs, managers who understand cost implications as well as accountants can add value to an organization. Hilton, Maher, Selto focuses on having students learn to make decisions by the use of Cost Management Challenges in the chapter opener, “You’re the Decision Maker” boxes throughout each chapter, and the “You’re the Decision Maker” simulation on the text website.
Hilton, Cost Management: Strategies for Business Decisions, 4/ePart 1Setting the Strategic Foundation: The Importance of Analyzing and Managing Costs1.Cost Management and Strategic Decision Making Evaluating Opportunities and Leading Change2.Product Costing Systems: Concepts and Design Issues 3.Cost Accumulation for Job-Shop and Batch Production OperationsPart 2Activity-Based Management4.Activity-Based Costing Systems 5.Activity-Based Management 6.Managing Customer Profitability7.Managing Quality and Time to Create Value Part 3 Process Costing and Cost Allocation8.Process-Costing Systems 9.Joint-Process Costing10.Managing and Allocating Support-Service Costs Part 4 Planning and Decision Making11.Cost Estimation 12.Financial and Cost-Volume-Profit Models13.Cost Management and Decision Making 14.Strategic Issues in Making Long-Term Capital Investment Decisions 15.Budgeting and Financial Planning Part 5 Evaluating and Managing PerformanceCreating and Managing Value-Added Effort16.Standard Costing, Variance Analysis, and Kaizen Costing 17.Flexible Budgets, Overhead Cost Management, and Activity-Based Budgeting 18.Organizational Design, Responsibility Accounting, and Evaluation of Divisional Performance 19.Transfer Pricing 20.Performance Measurement SystemsGlossaryPhoto CreditsBibliography Company Name IndexSubject Index
