Exemplifying today's leading-edge practices, this collection of readings and cases analyzes the defects that exist with traditional cost management systems, and shows how to design systems that will benefit a wide range of organizations.* NEW - 100% new textual material integrated with the cases. * NEW - Integrates entirely new teaching material to enhance case analyses. * NEW - Presents many new cases. * NEW - Offers a critical study of service industry and activity-based budgeting. * NEW - Enhanced coverage of ABC in Chapter 4. * NEW - Coverage of the Role of Capacity in Chapter 5. *100% new textual material integrated with the cases. *Integrates entirely new teaching material to enhance case analyses. *Presents many new cases. *Offers a critical study of service industry and activity-based budgeting. *Enhanced coverage of ABC in Chapter 4. *Coverage of the Role of Capacity in Chapter 5. *Provides valuable insights into the latest practice and design philosophies. *Opens with a thorough introduction to cost systems - with discussions on: - Their use. - Product and process costing. - Operational control. - Financial reporting. - Strategic relevance. *Considers the foundations of activity-based costing, including the necessity of it for companies, cost hierarchy, and activity attributes. *Looks at target costing, and ABC and product design and development.
For advanced undergraduate or MBA Cost Management courses. Exemplifying today's leading edge practices, this collection of readings and cases analyzes the defects that exist with traditional cost management systems, and shows how to design systems that will benefit a wide range of organizations.