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Cost Accounting, Global Edition

Cost Accounting, Global Edition

15th Edition

Madhav Rajan, Srikant Datar, Charles Horngren

Jul 2014, Paperback, 960 pages
ISBN13: 9781292018225
ISBN10: 1292018224
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For undergraduate and MBA Cost or Management Accounting courses

The text that defined the cost accounting market.

Horngren’s Cost Accounting, defined the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory into the text. This acclaimed, market-leading text emphasizes the basic theme of “different costs for different purposes,” and reaches beyond cost accounting procedures to consider concepts, analyses, and management. This edition incorporates the latest research and most up-to-date thinking into all relevant chapters and more MyAccountingLab® coverage! MyAccountingLab is web-based tutorial and assessment software for accounting that not only gives students more "I Get It" moments, but gives instructors the flexibility to make technology an integral part of their course, or a supplementary resource for students.

Please note that the product you are purchasing does not include MyAccountingLab.


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1. The Manager and Management Accounting
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, Direct-Cost Variances, and Management Control
8. Flexible Budgets, Overhead Cost Variances, and Management Control
9. Inventory Costing and Capacity Analysis
10. Determining How Costs Behave
11. Decision Making and Relevant Information
12. Strategy, Balanced Scorecard, and Strategic Profitability Analysis
13. Pricing Decisions and Cost Management
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. Balanced Scorecard: Quality and Time
20. Inventory Management, Just-in-Time, and Simplified Costing Methods
21. Capital Budgeting and Cost Analysis
22. Management Control Systems, Transfer Pricing, and Multinational Considerations
23. Performance Measurement, Compensation, and Multinational Considerations

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

Use the most current information to prepare students for their field

  • Emphasis on Global Issues reflect today’s increasingly global business environment.
    • Benefits and challenges that arise when outsourcing products/services outside the United States are discussed throughout the text.
    • The importance of transfer pricing in minimizing the tax burden faced by multinational companies is explained in the text.
    • The text’s examples of management accounting applications in companies are drawn from international settings.
  • Focus on the business sector highlights the shifts in the U.S. and world economy.
    • Chapters discuss the concepts around the measurement of costs in a software development—rather than a manufacturing setting.
    • The text provides several examples of the use of budgets and targets in service companies.
    • Several concepts in action boxes focus on the service sector such as activity-based costing at Charles Schwab and managing wireless data bottlenecks.
  • The rapid pace of change in today’s organizations is reflected throughout this edition, which include:
    • An introduction to foreign currency and forward contract issues in the context of outsourcing decisions. Added ideas based on Six Sigma to the discussion of quality.
    • Chapters on strategy and the balanced scorecard, and simplified presentation connecting development, strategy maps, balanced scorecard, and analysis of operating income.
    • Discussion of current trends towards Beyond Budgeting and the use of rolling forecasts.
    • A discussion on the link between traditional forms of cost allocation and the nascent movement in Europe towards Resource Consumption Accounting.
    • A sharper focus on how companies are simplifying their costing systems with the presentation of value streams and lean accounting.

Provide a solid presentation of accounting hallmarks with a great emphasis on strategy

  • Features of the text give students a clear picture of accounting:
    • Exceptionally strong emphasis on managerial uses of cost information.
    • Clarity and understandability of the text.
    • Excellent balance in integrating modern topics with traditional coverage.
    • Emphasis on human behavior aspects.
    • Extensive use of real-world examples.
    • Ability to teach chapters in different sequences.
    • Excellent quantity, quality, and range of assignment material.
  • 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.
  • Strategy considerations in the design of activity-based costing systems are covered.
  • The strategy of preparation of budgets is included.
  • The strategy involved in decision-making is comprehensively covered.
  • 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.
  • 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.
  • Streamlined Presentation. The authors continue to simplify and streamline the presentation of various topics in order to make it as easy as possible for a student to learn the concepts, tools, and frameworks introduced in different chapters.

Tailor the material to suit your needs

  • This text’s modular, flexible organization can be used to suit a number of different approaches to teaching and learning.

This package includes MyAccountingLab®, an online homework, tutorial, and assessment program designed to work with this text to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.

MyAccountingLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams–resulting in better performance in the course–and provides educators with a dynamic set of tools for gauging individual and class progress.

  • One place for all of your courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
  • A simplified user interface. The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
  • Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.
  • EXCEL® in MyAccountingLab include:

· Students can get real-world Excel practice in their classes.

· Instructors have the option to assign students End-of-Chapter questions that can be completed in an Excel-simulated environment.

· Questions will be auto-graded, reported to, and visible in the grade book.

· Excel remediation will be available to students.

Note: MyAccountingLab is not a self-paced technology and should only be purchased when required by an instructor.