Cost Accounting -- Management's Focus (10th Edition)

Author: Charles T. Horngren, George Foster, et al.
Publisher:
Publish Date: 2001-09-01
Features: This book is a cost accounting textbook edited by Professor Charles T. Horngren of Stanford University in the United States. Professor Horngren is a prolific author and holds multiple positions in national accounting professional and academic organizations in the U.S. He has been awarded nearly all the highest honors in the American accounting field. The book has the following main features:
1. In terms of content, it is not only detailed, up-to-date, and comprehensive but also covers many aspects of management accounting;
2. It adopts a novel structure, focusing not only on the explanation of basic concepts, basic analysis, and basic procedures but also on being very close to real-world applications;
3. It emphasizes how accountants can assist managers at all levels in making, formulating, and implementing cost-related decisions and strategies.
Compared to the 9th edition, the 10th edition of this book has been significantly improved, including:
- Adding Chapter 13, which specifically discusses the strategic use of cost information, reflecting the forefront of cost accounting discipline development;
- Consolidating activity-based costing into Chapter 5, making it easier for readers and students to systematically and comprehensively understand the principles and applications of activity-based costing;
- Integrating new management concepts, such as supply chain analysis, resource constraint theory, the valuation of intangible assets and economic value added, reflecting technological advancements like using the internet for supply chain analysis.