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Cost Accounting, 12/E
Charles T. Horngren, Stanford University
Srikant M. Datar, Harvard University
George M. Foster, Stanford University

ISBN-10: 0131495380
ISBN-13: 9780131495388

Publisher: Prentice Hall
Copyright: 2006
Format: Cloth; 896 pp
Published: 03/28/2005
Status: Out of Print

Suggested retail price: $184.00

For Junior/Senior and MBA level courses in cost/management accounting.

Horngren’s Cost Accounting defined the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory.

For Junior/Senior and MBA level courses in cost/management accounting.

Horngren’s Cost Accounting defined the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory.

Q: How do you introduce the most up- to- date thinking and newest professional issues to your students?

A. Cost Accounting 12e incorporates the latest research and most up to date thinking into all relevant chapters. Professional issues related to Management Accounting and Management Accountants are emphasized in 12e.

Latest Thinking/Up to Date Research: Activity Based Management, Balanced Scorecard, Levers of Control.
Values and Behaviors: New boxes explore the behavioral aspects of management accountants’ job/role in a company and the ethical challenges they face.

Q: How do you demonstrate key/difficult topics in class? How do students practice/apply the concepts they learn?

A. Cost Accounting 12e introduces Excel Labs for Professors and for Students (HELPS) and Prentice Hall Grade Assist (PHGA).

HELPS for Professors: Key Tables and Exhibits from the text are reproduced online in Excel. Professors can use these Excel Labs in class to demonstrate key and/or difficult topics. HELPS can be found on IRC and inside OneKey.
HELPS for Students: Selected end of chapter material allows students to complete problems and exercises using Excel. Excel templates for these problems are available on-line. The focus is on having students utilize Excel application to understand and apply chapter content.
Prentice Hall Grade Assist (PHGA): This online practice environment enables students to master chapter material. Selected problems (marked with an icon) are available in PHGA. The problems: (a) are algorithmic, giving students a chance to practice until they have mastery, (b) provide immediate feedback, giving students a chance to see how well they are doing right away, (c) mirror those in the book, giving students a chance to practice before doing “the real thing”. PHGA is available inside all OneKey courses.

OTHER KEY POINTS OF DIFFERENTIATION:

Q: How do your students tackle the more difficult chapter topics?

A: In chapter Margin Notes provide students with helpful hints and clarification for understanding the material and additional examples of key concepts.

Q: How do your students review in chapter material before moving on to problem material?

A: Decision Points use question and answer format to summarize the chapter’s learning objectives. Questions relate to learning objectives and answer is a guideline for the decision.

Q: How do your students apply and practice what they have learned in the chapter?

A. Robust end of chapter problems and exercises. Abundant problems and exercises have been vetted to ensure correlation with chapter material. Selected problems (marked with an icon) are available in PHGA format. See above.

This text is available for personalization in the PHCBR custom database program. Select only the chapters you require or supplement with recommended case studies all under one cover. CLICK HERE to go directly to the PHCBR book-build site or visit our product page for additional information at pearsoncustom.com/business.

PEDAGOGICAL FEATURES

Opening Vignettes: All new vignettes link to the in- chapter example company. Vignettes engage students in an issue faced by the company. These issues illustrate why/how the concepts in the chapter are relevant in business.
Values and Behaviors Boxes: Explore the behavioral aspects of the management accountants’ job/role in a company and the ethical challenges they face. Included in almost every chapter.
Excel Exhibits and Tables: Exhibits and tables have been presented in excel format to improve presentation of data analysis.

SELECTED CHAPTER BY CHAPTER HIGHLIGHTS

In each chapter: New Values and Behaviors boxes

In relevant chapters: Exhibits and Tables displayed in Excel format to simplify presentation of material and reflect how data is presented in the profession

Chapter 1:

Overall streamline of chapter
More coverage of strategy implementation and execution

Chapter 2:

New exhibit illustrating period costs in combinations of the direct/indirect and variable/fixed cost classifications at a bank
Simplified Ex 2-7 so students can more easily follow the corresponding steps outlined in the narrative
New exhibit to help students visually see the difference between fixed and variable costs.
New tables showing what happens to total costs and cost per unit in the case of variable costs and in the case of fixed costs.

Chapter 3:

More emphasis on CVP Analysis rather than on Breakeven Analysis.
Completely reorganized the early material in the chapter.
CVP analysis first discussed without formulas and then breakeven presented as a special case.
Less emphasis on formulaic memorization
New material on margin of safety and operating leverage.

Chapter 4:

Reorganized front end of chapter. Enhanced visuals to make conceptual flow simpler for students to understand.
Added a summary income statement (Exhibit 4-9) so students can see how all transactions affect income. Also enhances relationship to material introduced in chapter 2.
Added both manufacturing and service-sector examples to explain various concepts in the chapter

Chapter 5:

New material on activity-based management, including nonvalue added costs and unused capacity.

Chapter 6:

Streamlined discussions of kaizen budgeting and activity-based budgeting.
Added a new section on special issues that arise when budgeting in a multinational context.
Added a new schedule of cash collections in the Appendix to explain how the collection numbers in the quarterly cash budget are derived.

Chapter 7:

Rearrange narrative so discussion on static and flexible budgeting occur together.
Streamlined and condensed chapter material
Simplified equations

Chapter 8:

Significantly improved flow of chapter material. Variable overhead cost material--planning, allocating costs to products, variance calculations, and journal entries covered first. Fixed cost material presented second.
Added new material and simplified discussion on the relationship between the sales-volume variance and the production-volume variance.

Chapter 9:

Exhibits and tables have been simplified to improve data analysis.
Added more material describing how producing more units (Exhibit 9-4) and increasing the cost per unit of inventory (Exhibit 9-7) are related. Each has the effect of increasing inventory values and hence operating income. This is an important addition because it connects the two main points in the chapter.
New material on management control—performance evaluation.

Chapter 10:

Continue to stress how regression analysis helps in strategy formulation and implementation.
Sharper comparison between learning curve comparisons.

Chapter 11:

Added more material on strategic and qualitative considerations throughout the chapter.

Chapter 12:

Enhanced Astel Computer example by adding discussion of short-term pricing
New material on Time and Material Pricing as an example of cost plus pricing used by service companies.
Revamped discussion on target costing and target pricing.
Exhibits and tables have been streamlined and redesigned or presented in excel format to improve presentation of data analysis.

Chapter 13:

Added material on non-financial measures and how they are useful if they create financial value in the long term.
Deleted material in the section on downsizing and management of capacity to focus the discussion more tightly.
New material on using the balanced scorecard to assess whether poor strategy/poor implementation—evaluating the success.
Section on Strategic Profitability Analysis completely redone. Simplified the step-by-step process.

Chapter 14:

Streamlined for clearer presentation
More service examples

Chapter 15:

Reorganized and improved discussion on single-rate and dual-rate method for allocating support department costs to operating divisions.
New discussion on normal costing verse standard costing methods. New examples and references to actual costing, normal costing and standard costing systems in the chapter.
Incorporated the conceptual discussion of Shapley value from the footnote to the text. (Complex Shapley value calculations still remain as footnote.)

Chapter 16:

Clarified discussion of gross-margin percentages under the sales value at splitoff method.
Improved joint cost and accounting for byproducts discussions.
Exhibits and tables have been streamlined and redesigned or presented in excel format to improve presentation of data analysis.

Chapter 17:

Exhibits and tables have been streamlined and redesigned or presented in excel format to improve presentation of data analysis.

Chapter 18:

Exhibits and tables have been streamlined and redesigned or presented in excel format to improve presentation of data analysis.

Chapter 19:

Revised discussions of quality and time around the four perspectives of the balanced scorecard. Increased material on balanced scorecard.
Revised section on quality along the four perspectives of the balanced scorecard.

Chapter 20:

Added more structure to this chapter and improved flow of material by using the framework introduced in Chapter 2. For each topic discussed, includes description of how costs are calculated, then how relevant costs for different decisions are computed, and finally how planning and control and performance evaluation is done.

Chapter 21:

New material on goal congruence issues that arise when managers are asked to use NPV to make decisions but are evaluated on AARR.
Rewritten the section on “Strategic Considerations in Capital Budgeting” to include a discussion of R&D investment decisions.

Chapter 22:

Enhanced discussion of the balanced scorecard in the section on management control systems.
New discussion on decentralization and transfer pricing.

Chapter 23:

Use balanced scorecard concepts now provides link to previous chapters.
Streamlined discussion of non-financial performance measures and linkage of these concepts more closely to strategy.
New material on Bob Simons’ levers of control. Material lays out idea that reward systems must be balanced with boundary systems (to prevent bad behavior), belief systems (that inspire and motivate managers to take desired actions), and interactive control systems (that help managers to monitor future strategic threats that can undercut their business).

1. The Accountant's Role in the Organization.

2. An Introduction to Cost Terms and Purposes.

3. Cost-Volume Profit Analysis.

4. Job Costing.

5. Activity-Based Costing and Activity-Based Management.

6. Master Budget and Responsibility Accounting.

7. Flexible Budgets, Variances, and Management Control: I

8. Flexible Budgets, Variances, and Management Control: II.

9. Inventory Costing and Capacity Analysis.

10. Determining How Costs Behave.

11. Decision Making and Relevant Information.

12. Pricing Decisions and Cost Management.

13. Strategy, Balanced Scorecard, and Strategic Profitability Analysis.

14. Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis.

15. Allocation of Support Department Costs, Common Costs and Revenues.

16. Cost Allocation: Joint Products and Byproducts.

17. Process Costing.

18. Spoilage Rework, and Scrap.

19. Quality, Time, and the Theory of Constraints.

20. Inventory Management, Just-in-Time, and Backflush Costing.

21. Capital Budgeting and Cost Analysis.

22. Management Control Systems, Transfer Pricing, and Multinational Considerations.

23. Performance Measurement, Compensation, and Multinational Considerations.

Cost Accounting (Accounting and Taxation)

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©2009 | Prentice Hall | Paper; 896 pp | Instock
ISBN-10: 0136126634 | ISBN-13: 9780136126638
Brief Description | Buy from myPearsonStore

For undergraduate and MBA students taking a Cost or Management Accounting course.

Emphasizing the “different costs for different purposes,” this text focuses on strategy and the decision making process. With a tradition of being the market leading text and professional standard, the new edition has deepened it's strategic focus and emphasis, and invested in market breaking MyAccountingLab tutorial support.

OneKey CourseCompass, Cost Accounting, 12/E
Horngren
©2006 | Prentice Hall | Electronic Book | Instock
ISBN-10: 0131495917 | ISBN-13: 9780131495913
URL: http://www.coursecompass.com

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OneKey WebCT, Cost Accounting, 12/E
Horngren
©2006 | Prentice Hall | Electronic Book | Instock
ISBN-10: 0131495968 | ISBN-13: 9780131495968
URL: http://webct4demo.pearsoncmg.com/SCRIPT/0131495968_horngren/scripts/student/serve_home

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OneKey BlackBoard, Cost Accounting, 12/E
Horngren
©2006 | Prentice Hall | Electronic Book | Instock
ISBN-10: 0131495976 | ISBN-13: 9780131495975
URL: http://bb6demo.pearsoncmg.com/webapps/portal/frameset.jsp?tab=courses&url=/bin/common/course.pl?course_id=_44_1

Availability: Now! | Version: 6.0.11 | Student Access Type: Access Code Required
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Companion Website - Horngren, 12/E
Horngren
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131868659 | ISBN-13: 9780131868656
URL: http://www.prenhall.com/horngren

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ISBN-10: 0130803103 | ISBN-13: 9780130803108
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ISBN-10: 0136112293 | ISBN-13: 9780136112297

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©2002 | Prentice Hall | Paper; 70 pp | Instock
ISBN-10: 0130622648 | ISBN-13: 9780130622648
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©2010 | Prentice Hall | Access Code Card | Instock
ISBN-10: 0136100899 | ISBN-13: 9780136100898
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©2010 | Prentice Hall | Paper | Instock
ISBN-10: 0136112285 | ISBN-13: 9780136112280
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PH Accounting Excel Tips, 6/E
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ISBN-10: 0131499653 | ISBN-13: 9780131499652

Peachtree Complete 2006-CD, 6/E
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©2007 | Prentice Hall | CD-ROM Only | Instock
ISBN-10: 0132275090 | ISBN-13: 9780132275095
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©2005 | Prentice Hall | Paper; 56 pp | Instock
ISBN-10: 0131855263 | ISBN-13: 9780131855267
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Companion Website - Horngren, 12/E
Horngren
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131868659 | ISBN-13: 9780131868656
URL: http://www.prenhall.com/horngren

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Pearson Custom Business Resources
Pearson Custom Publishing
©2009 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0136096557 | ISBN-13: 9780136096559
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