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Overview
Hansen/Mowen/Heitger’s “Cost Management” 6th Edition, addresses traditional unit-based cost and control, costing techniques and ways of structuring cost accounting systems, giving readers the skills to manage any cost management system. Updates address emerging developments, including the role of data analytics in cost management. A full chapter examines global issues such as virtual currency. This researched, proven approach is tailored to the way students learn. Examples from familiar companies emphasize real-world applicability and relevance of topics. Data visualization exercises help students apply cost management models to real managerial problems. Explanations review the conceptual nature of each equation or topic, detailing the "how," "why" and "what-if" behind cost management concepts. CNOWv2 resources reinforce concepts with additional computerized exercises and problems.
- This text equips students with data analytics and includes exercises on data visualization for decision-making, using real-world examples to demonstrate cost accounting models' relevance to their careers.
- Structured Brief Exercises reinforce concepts with specific examples and clear labeling for easy reference and provide precise guidance for detailed practice.
- Mini-cases apply material from multiple chapters, revealing cost accounting's broad application and are ideal for advanced managerial courses.
- Relevant content highlights emerging trends and developments affecting cost management, including topics such as enterprise risk management, corporate governance and forensic accounting.
- A series of data analytics skills builders (DASB) with explanatory videos help students more deeply apply specific data analytic techniques to particular managerial accounting topics.
- Ongoing focus explains data analytics in modern cost management, with Chapters 1 and 2 introducing the framework and its application to each chapter's topics.
- Each chapter includes data visualization exercises using Excel, and tasks requiring students to create spreadsheets for fundamental cost management analyses.
- Step-by-step examples clarify cost management principles. Unique examples aid understanding and emphasize reasoning behind calculations. The What If feature promotes conceptual understanding.
2. Basic Cost Management Concepts.
3. Cost Behavior.
4. Unit-Based and Activity-Based Costing Systems.
* Integrative Mini-Case (Chapters 1–4).
5. Product and Service Costing: Job-Order System.
6. Process Costing.
7. Allocating Costs of Support Departments and Joint Products.
8. Budgeting for Planning and Control.
9. Standard Costing: A Functional-Based Control Approach.
10. Decentralization: Responsibility Accounting, Performance.
Evaluation, and Transfer Pricing.
* Integrative Mini-Case (Chapters 5–10).
11. Strategic Cost Management.
12. Activity-Based Management.
13. The Balanced Scorecard: Strategic-Based Control.
14. Quality and Environmental Cost Management.
15. Lean Accounting and Productivity Measurement.
* Integrative Mini-Case (Chapters 11–15).
16. Cost-Volume-Profit Analysis.
17. Activity Resource Usage Model and Tactical Decision Making.
18. Pricing and Profitability Analysis.
19. Capital Investment.
20. Inventory Management: Economic Order Quantity, JIT, and the Theory of Constraints.
21. Global Issues in Cost Management.
* Integrative Mini-Case (Chapters 16–21).
Glossary.
Check Figures.
Index.