Cost Management: A Strategic Emphasis » (5th Edition)

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Cost Management: A Strategic Emphasis, by Blocher/Stout/Cokins is the first cost accounting text to offer integrated coverage of strategic management topics in cost accounting. The text is written to help students understand more about management and the role of cost accounting in helping an organization succeed. This text aims to teach management concepts and methods, also to demonstrate how managers use cost management information to make better decisions and improve their organization’s competitiveness. In teaching these key management skills, the text takes on a strategic focus. It addresses issues such as: How does a firm compete? What type of cost management information is needed for a firm to succeed? How does the management accountant develop and present this information? This text helps students learn why, when, and how cost information is used to make effective decisions that lead a firm to success.

Booknews

An undergraduate textbook on cost management that aims to demonstrate to students the critical role cost management information plays in the overall success of an organization. Coverage includes contemporary cost management concepts, management planning and decision making, cost management systems, cost accounting and operational control, and management control. The included supplement contains an extensive set of longer cases pertaining to a variety of topics covered in the main text, and readings intended to give students more background into the evolution of strategic cost management topics. Annotation c. by Book News, Inc., Portland, Or.

Part One: Introduction to Cost Management

1. Cost Management and Strategy

2. Implementing Strategy: The Balanced Scorecard and the Value Chain

3. Basic Cost Concepts

4. Job Order Costing

5. Activity-Based Costing and Management

Part Two: Planning and Decision Making

6. Cost Elimination

7. Cost-Volume-Profit Analysis

8. Strategy and the Master Budget

9. Decision Making with Relevant Costs and a Strategic Emphasis

10. Cost Planning for the Product Life Cycle: Target Costing, Theory

Part Three: Process Costing and Cost Allocation

11. Process Costing

12. Cost Allocation: Service Departments and Joint Product Costs

Part Four: Operational Control

The Flexible Budget and Standard Costing: Direct Materials and Direct Labor

14. Standard Costing: Factory Overhead

15. Productivity, Marketing Effectiveness, and Strategic Profitability Analysis

16. Total Quality Management

Part Five: Management Control

17. Management Control and Strategic Performance Measurement

18. Strategic Investment Units and Transfer Pricing

Part Six: Advanced Topics in Cost Management

19. Management Compensation and Business Valuation

20. Capital Budgeting