Cost Accounting: The Focus of Management

Author: Charles T. Horngren
Publisher:
Publish Date: 1997-12-01
Features: The author, Charles T. Horngren, is an honorary professor of accounting at Stanford University and has served as the president of the American Accounting Association (AAA). He has been awarded numerous honors by the AAA and other local accounting associations and educational institutions in the United States, including the Outstanding Accounting Professor Award and the Outstanding Contribution Award. This book breaks through traditional cost concepts and introduces new cost theories for corporate management and new structures, such as the customer-centric theory, the value chain concept, activity-based costing, and more. The concept of cost is no longer singular but multiple, as different decision-making purposes give rise to different cost concepts, such as activity costs, quality costs, and time costs. Although cost accounting is a tool for providing data for management decisions, an increasing number of cost accountants have shifted from being mere data providers to becoming important members of management decision-making. Therefore, this book not only provides detailed methods for presenting cost data but also extensively introduces new means of cost management control. Highlighting potential ethical issues that may arise in various situations is also a key feature of this book. Demonstrative cases are a major highlight of the book, sourced from the actual operations of world-renowned companies, which help to enhance readers' learning interest and their intuitive understanding of the theories and methods discussed.