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Horngren's Cost Accounting: A Managerial Emphasis, Global Edition by [Datar, Srikant M., Rajan, Madhav V.]

Horngren's Cost Accounting: A Managerial Emphasis, Global Edition 16th Edition, Kindle Edition

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About the book   Use the most current information to prepare students for their field ·    Emphasis on Global Issues reflect today’s increasingly global business environment, including: ·    The importance of joint cost allocation in creating a trade war between poultry farms in South Africa and the United States (Chapter 16). ·    The text’s examples of management accounting applications in companies are drawn from international settings. ·    Focus on merchandising and service sectors (versus traditional manufacturing settings)highlight the shifts in the US and world economies, including: ·    Several Concepts in Action boxes focus on the merchandising and service sectors, including achieving cost leadership at Trader Joes, using activity-based costing to reduce the costs of health care delivery at the Mayo Clinic (Chapter 5), reducing fixed costs at Twitter (Chapter 2), and analyzing operating income performance at Best Buy (Chapter 12) and web-based budgeting at 24 Hour Fitness. ·    Emphasis on sustainability as one of the critical managerial challenges of the coming decades, including: ·    Material that stress themes of recognizing and accounting for environmental costs, energy independence and the smart grid, setting stretch targets to motivate greater carbon reductions, using cost analysis, carbon tax, and cap-and-trade auctions to reduce environmental footprints, and constructing “green” homes in a cost-effective manner. ·    More focus on the role of accounting concepts and systems in fostering and supporting innovation and entrepreneurial activities in firms including: ·    The challenges posed by recognizing R&D costs as period expenses even though the benefits of innovation accrue in later periods. ·    How companies budget for innovation expenses and develop measures to monitor success of the innovation efforts delinked from operational performance in the current period (Chapter 6). ·    The importance of nonfinancial measures when making decisions about innovation (Chapter 11). ·    The concept that innovation starts with understanding customer needs (Chapter 13). ·    Process innovations for improving quality (Chapter 19). ·    Cutting-edge topics are covered, including: ·    Material around recent trends in big data and data analytics in predicting costs and when making demand forecasts.   Provide a solid presentation of accounting hallmarks with a great emphasis on strategy ·    Strategy maps are presented as a useful tool to implement the balanced scorecard and a simplified presentation of how income statements of companies can be analyzed from the strategic perspective of product differentiation or cost leadership. A new section helps students evaluate strategy maps such as the strength of links, differentiators, focal points and trigger points. ·    Try It examples are simple and focus on key ideas or concepts. They are located after a particular concept or calculation, and invite students to practice what they have just learned. ·    Becker Multiple Choice Questions in the assignment material probe students’ knowledge of the chapter material and their ability to think critically about key concepts.   ·    Opening Vignettes. Each chapter opens with a vignette on a real company situation. The vignettes get students engaged in a business situation, or dilemma, illustrating why and how the concepts in the chapter are relevant in business. New examples on Quiksilver, General Motors, Boeing, Delta, Honda, and Viacom have been incorporated. ·    Concepts in Action Boxes. Found in every chapter, these boxes cover real-world cost accounting issues across a variety of industries including automobile racing, defense contracting, entertainment, manufacturing, and retailing. New examples include Subway, Chipotle, H&M, Amazon, Under Armour, and Netflix.

About the Author

<p style="margin:0px;"> Srikant M. Datar is the Arthur Lowes Dickinson Professor of Business Administration at the Harvard Business School, Faculty Chair of the Harvard University Innovation Labs, and Senior Associate Dean for University Affairs. He previously served as Senior Associate Dean from 2000 to 2010. A graduate with distinction from the University of Bombay, he received gold medals upon graduation from the Indian Institute of Management, Ahmedabad, and the Institute of Cost and Works Accountants of India. A chartered accountant, he holds two master s degrees and a PhD from Stanford University.

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<p style="margin:0px;">Datar has published his research in leading accounting, marketing, and operations management journals, including The Accounting Review, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance, Journal of Accounting and Economics, Journal of Accounting Research, and Management Science. He has served as an associate editor and on the editorial board of several journals and has presented his research to corporate executives and academic audiences in North America, South America, Asia, Africa, Australia, and Europe. He is a coauthor of three other books: Managerial Accounting: Making Decisions and Motivating Performance, Rethinking the MBA: Business Education at a Crossroads, and Rethinking Graduate Management Education in Latin America.

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<p style="margin:0px;">Cited by his students as a dedicated and innovative teacher, Datar received the George Leland Bach Award for Excellence in the Classroom at Carnegie Mellon University and the Distinguished Teaching Award at Stanford University.

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<p style="margin:0px;">Datar is a member of the board of directors of Novartis A.G., ICF International, T-Mobile US, and Stryker Corporation, and Senior Strategic Advisor to HCL Technologies. He has worked with many organizations, including Apple Computer, Boeing, DuPont, Ford, General Motors, Morgan Stanley, PepsiCo, Visa, and the World Bank. He is a member of the American Accounting Association and the Institute of Management Accountants.

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<p style="margin:0px;"> Madhav V. Rajan is the Robert K. Jaedicke Professor of Accounting at Stanford University s Graduate School of Business. He is also Professor of Law (by courtesy) at Stanford Law School. From 2010 to 2016, he was Senior Associate Dean for Academic Affairs and head of the MBA program at the Stanford GSB.

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<p style="margin:0px;">Rajan received his undergraduate degree in commerce from the University of Madras, India, and his MS in accounting, MBA, and PhD degrees from Carnegie Mellon University. In 1990, his dissertation won the Alexander Henderson Award for Excellence in Economic Theory.

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<p style="margin:0px;">Rajan s primary area of research interest is the economics-based analysis of management accounting issues, especially as they relate to internal control, capital budgeting, quality management, supply chain and performance systems in firms. He has published his research in a variety of leading journals, including The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Management Science, and Review of Financial Studies. In 2004, he received the Notable Contribution to Management Accounting Literature award. He is a coauthor of Managerial Accounting: Making Deci

Product details

  • Format: Kindle Edition
  • File Size: 60131 KB
  • Print Length: 971 pages
  • Simultaneous Device Usage: Up to 2 simultaneous devices, per publisher limits
  • Publisher: Pearson; 16 edition (29 May 2017)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B072PSJ13F
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  • Amazon Bestsellers Rank: #288,015 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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