Essentials of Cost Accounting for Health Care Organizations
Essentials of Cost Accounting for Health Care Organizations, Third Edition is a comprehensive text that applies the tools and techniques of cost accounting to the health services field. It is an essential tool for all professionals who need to deal with the challenges of managing health facilities in a difficult economic environment. The third edition has an increased emphasis on managed care as well as a new computer-based component. It has been thoroughly revised to reflect the recent...
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Contents: COST ACCOUNTING FOUNDATIONS • Introduction to Cost Accounting • Cost Definitions • Product Costing • Cost Allocation • Costing for Nonroutine Decisions • Cost-Volume-Profit Analysis • COST ACCOUNTING INFORMATION FOR PLANNING AND CONTROL • Predicting Future Costs • Budgeting • Flexible Budgeting and Variance Analysis • Management Control • ADDITIONAL COST ACCOUNTING TOOLS TO AID IN DECISION MAKING • Cost Accounting Ratios • Measuring Productivity • Inventory • Dealing with Uncertainty • Information Systems for Costing • Performance Evaluation and Incentive Compensation • COST ACCOUNTING FOR THE YEAR 2000 AND BEYOND • New Approaches to Cost Accounting • Total Cost Management: Measuring the Costs of Quality • Summary and Issues for the Future Robert A. McLean This book is a revision of the successful first edition. It presents the major topics of cost-accounting as they are, or should be, practiced in healthcare organizations. The purpose is to offer a unified treatment of material that is available only in non-health related texts or scattered throughout the journals of health services administration. The authors intend that the book be used by practicing healthcare managers and by students in university-based programs in health administration. Both audiences will find the text useful and well written. The book covers traditional cost accounting topics, including product costing, cost allocation, cost-volume-profit analysis, budgeting, management control, information systems, and total-cost management. Although the book itself is very traditional, readers have access to cases and problems on a web-site maintained by the author. This is an excellent book by highly competent authors. Used in conjunction with the companion book, it allows the non-accountant reader to develop the necessary expertise to perform and understand basic cost-accounting.
Contents: COST ACCOUNTING FOUNDATIONS 1.Introduction to Cost Accounting 2.Cost Definitions 3.Product Costing 4.Cost Allocation 5.Costing for Nonroutine Decisions 6.Cost-Volume-Profit Analysis 7.COST ACCOUNTING INFORMATION FOR PLANNING AND CONTROL 8.Predicting Future Costs 9.Budgeting 10.Flexible Budgeting and Variance Analysis 11.Management Control 12.ADDITIONAL COST ACCOUNTING TOOLS TO AID IN DECISION MAKING 13.Cost Accounting Ratios 14.Measuring Productivity 15.Inventory 16.Dealing with Uncertainty 17.Information Systems for Costing 18.Performance Evaluation and Incentive Compensation 19.COST ACCOUNTING FOR THE YEAR 2000 AND BEYOND 20.New Approaches to Cost Accounting 21.Total Cost Management: Measuring the Costs of Quality 22.Summary and Issues for the Future
\ From The CriticsReviewer: Lena L Watson, Dr. RN, MBA/HCM(University of Phoenix)\ Description: This is the third edition of a book that provides the fundamental principles of cost accounting across the span of healthcare.\ Purpose: It strives to provide healthcare managers with a basic understanding of cost accounting information to aid in critical decision making, an imperative in today's healthcare industry.\ Audience: The audience is varied. It is appropriate for healthcare professionals responsible for cost accounting decision making and management, but it is also ideal as a textbook for college level healthcare students and professors. This is an excellent resource for anyone interested in acquiring basic knowledge of healthcare cost accounting. Financial managers, administrators, and marketing and contract managers may benefit from the information covered in this book.\ Features: There are several positive features of this book. It covers a vast amount of complex information in a clear and concise manner. Cost accounting is covered in different context including: a) planning and controlling; b) decision making; c) quality; and d) future demands. The book is simply formatted and easy reading. It has useful diagrams, tables, and figures throughout the book. The references at the conclusion of each chapter make it easy to locate resources discussed in each chapter. The end of each chapter contains discussion questions, exercises, and case studies to reinforce learning objectives and enhance critical thinking. The book also has a supplemental instructor's manual that's available online for classroom use. The only shortcoming is the fact that it's a paperback. Because it will get frequent use, it would be better if it were hard cover.\ Assessment: As a third edition, this book provides the latest information on the changing demands of cost accounting in healthcare organizations. The three authors are well known in healthcare and give this book instant recognition and credibility. In addition, the content and its unique approach to cost accounting make this a must-have for healthcare educators and managers.\ \ \ \ \ Robert A. McLeanThis book is a revision of the successful first edition. It presents the major topics of cost-accounting as they are, or should be, practiced in healthcare organizations. The purpose is to offer a unified treatment of material that is available only in non-health related texts or scattered throughout the journals of health services administration. The authors intend that the book be used by practicing healthcare managers and by students in university-based programs in health administration. Both audiences will find the text useful and well written. The book covers traditional cost accounting topics, including product costing, cost allocation, cost-volume-profit analysis, budgeting, management control, information systems, and total-cost management. Although the book itself is very traditional, readers have access to cases and problems on a web-site maintained by the author. This is an excellent book by highly competent authors. Used in conjunction with the companion book, it allows the non-accountant reader to develop the necessary expertise to perform and understand basic cost-accounting.\ \ \ BooknewsExamines basic tools of cost accounting common to all industries, using health care examples. Material is oriented toward the generation of useful cost information to aid managers in making decisions. Coverage includes foundations of cost accounting, cost accounting for planning and control, cost accounting tools for decision making, and recent trends. Written primarily for those already working in the field of health administration, and also useful for students in university programs in health administration. Finkler is a professor at New York University's Robert F. Wagner Graduate School of Public Service. Ward is an assistant professor at the Medical University of South Carolina. Annotation c. Book News, Inc., Portland, OR (booknews.com)\ \ \ \ \ 3 Stars from Doody\ \
