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Horngren's Cost Accounting leads the market because of its strong emphasis on decision making, extensive real-world examples provided in a modular, flexible format and is supported by a large quantity and range of assignment material. This text focuses on how cost accounting helps managers make better decisions by using financial and nonfinancial information better.

 

0134824687 / 9780134824680 Cost Accounting: A Managerial Emphasis, Eighth Canadian Edition Plus MyAccountingLab with Pearson eText -- Access Card Package

 

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Clear, Accessible and Accurate. Your resource for understanding Managerial and Cost Accounting concepts in accounting and business.

 

Horngren's Cost Accounting leads the market because of its strong emphasis on decision making, extensive real-world examples provided in a modular, flexible format and is supported by a large quantity and range of assignment material. This text focuses on how cost accounting helps managers make better decisions by using financial and nonfinancial information better.

Personalize Learning with Pearson MyLab Accounting

MyLab Accounting is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

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PART ONE: Cost Accounting Fundamentals
Chapter 1: The Accountant’s Vital Role in Decision Making
Chapter 2: An Introduction to Cost Terms and Purposes
Chapter 3: Cost-Volume-Profit Analysis
Chapter 4: Job Costing
Chapter 5: Activity-Based Costing and Management

PART TWO: Tools for Planning and Control
Chapter 6: Master Budget and Responsibility Accounting
Chapter 7: Flexible Budgets, Variances, and Management Control: I
Chapter 8: Flexible Budgets, Variances, and Management Control: II
Chapter 9: Income Effects of Denominator Level on Inventory Valuation

PART THREE: Cost Information for Decisions
Chapter 10: Analysis of Cost Behaviour
Chapter 11: Decision Making and Relevant Information
Chapter 12: Pricing Decisions; Profitability and Cost Management
Chapter 13: Strategy, the Balanced Scorecard, and Profitability Analysis

PART FOUR: Cost Allocation and Revenues
Chapter 14: Period Cost Application
Chapter 15: Cost Allocation: Joint Products and Byproducts
Chapter 16: Revenue and Customer Profitability Analysis
Chapter 17: Process Costing
Chapter 18: Spoilage, Rework, and Scrap

PART FIVE: Control and Budgeting Strategies
Chapter 19: inventory Cost Management Strategies
Chapter 20: Capital Budgeting: Methods of Investment Analysis
Chapter 21: Transfer Pricing and Multinational Management Control Systems
Chapter 22: Multinational Performance Measurement and Compensation

About the Canadian Author

LOUIS BEAUBIEN-Louis Beaubien is a Chartered Professional Accountant and holds a PhD from the Ivey School of Business at the University of Western Ontario. Dr. Beaubien’s professional experience includes the financial services, information technology, and healthcare industries. He is an Associate Professor of Accounting at the Rowe School of Business, Dalhousie University, and the Department of Community Health and Epidemiology in the Faculty of Medicine at Dalhousie University. His research is focused on the effective, efficient, and equitable delivery of health care.

Personalize Learning with Pearson MyLab Accounting

MyLab Accounting is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Ready-to-Go Teaching Modules in the Instructor Resources section help instructors efficiently make use of the available teaching tools for the toughest topics. Before-class assignments, in-class activities, and after-class assignments are provided for ease of use. Instructors can incorporate active learning into their course with the suggested activity ideas and clicker questions or Learning Catalytics questions.

Hallmark Features of Cost 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  behaviour aspects
• Extensive use of real-world examples
• Ability to teach chapters  in different sequences
• Excellent quantity, quality, and range of assignment  material

Personalize Learning with Pearson MyLab Accounting

MyLab Accounting is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Deeper Consideration of Global Issues

Businesses today integrate into an increasingly global ecosystem, including supply chains, product markets, and the market for managerial talent, and have become more international in their outlook. To illustrate this, we incorporate global considerations into many of the chapters. For example, the challenges of budgeting in multinational companies, issues in evaluating the performance of divisions located in different countries, and the importance of transfer pricing in minimizing the tax burden faced by multinational companies are discussions (with new examples) of management accounting applications in companies drawn from international settings.

 

Greater Emphasis on Sustainability

This edition places significant emphasis on sustainability as one of the critical managerial challenges of the coming decades. Many managers are promoting the development and implementation of strategies to achieve long-term financial, social, and environmental performance as key imperatives. We highlight this early in the text and maintain the focus through chapter “Sustainability in Action” examples that show the impact of effective cost accounting and decision making in organizations today.

Selected Chapter-by-Chapter Content Changes

Thank you for your continued support of Cost Accounting. In every new edition, we strive to improve this text.

Chapter 1 includes greater discussion of sustainability and innovation and why these issues have become increasingly critical for managers. We discuss the challenges of planning and control for innovation and sustainability and how companies use these systems to manage these activities. We continue to emphasize the importance of ethics, values, and behaviours in improving the quality of financial reporting.

 

Chapter 2 has been updated to make it easier for students to understand core cost concepts and to provide a framework for how cost accounting and cost management help managers make decisions. We have added more material on environmental costs to explain how and why these costs may be missed in costing systems.

 

Chapter 3 now includes greater managerial content, using examples from real companies to illustrate the value of cost—volume—profit analysis in managerial decision making. This aligns with revisions in Chapter 4 that discuss adjusting normal costs to actual costs using end-of-accounting-year adjustments for different contexts. The chapter also develops the criteria for allocating costs and relates them to real examples to highlight why managers need allocated cost information to make decisions.

 

Chapter 5 has additional content on product undercosting and overcosting and refining a costing system. We integrate the discussion of behavioural considerations in implementing activity-based costing with the technical material in the chapter.

 

Chapter 6 presents material on innovation and development costs in the annual budget and the revenues earned in that year. The chapter describes ways to delink innovation from current-year operational performance by developing measures to monitor the success of innovation efforts. We also elaborate on tradeoffs managers must make when choosing different organization structures. This is built upon in both Chapters 7 and 8 as we develop a revised comprehensive summary of the variances.

 

Chapter 9 retains the simplified two-period integrated example of capacity choice. There is greater emphasis on linking the impact of the choice of capacity concept to recent changes in financial reporting and tax requirements.

 

Chapters 10 and 11 are a practical guide to various cost estimation techniques and the determination of the relevance of costs. New content is provided on the costs of quality and the impact of time on the costing and decision-making process. Many revisions are related to the reorganization of the text in the seventh edition.

 

Chapter 12 focuses on pricing decisions in the long- and short-term contexts, and builds on material in Chapters 10 and 11 to expand understanding of opportunity and relevant costs in how a pricing decision is made.

 

Chapter 13 is focused on the application in financial, operational, and sustainability decision making. Revisions in this chapter focus on relating concepts to practical examples and other ideas throughout the text.

 

Chapter 14 has been revised to improve exposition on a variety of concepts in costing.

 

Chapter 15, which has been updated to reflect the continuing evolution of ASPE/IFRS with regard to joint cost allocations. The chapter provides a discussion of the rationale for joint-cost allocation and the merits and demerits of various joint-cost allocation methods.

 

Chapter 16 discusses revenue allocation methods and customer profitability. The exhibits for revenue allocation have been summarized to allow for easier comparison of the methods. The discussion around revenue variance analysis is now focused on the contribution margin approach.

 

Chapters 17 and 18 provide a managerial lens on the estimation of equivalent units and the choice between the FIFO and weighted-average costing methods, both in the chapter content and in new vignettes and real-world examples. The exhibits have been reformatted to make clear how various components are added to get the total costs. Chapter 18 emphasizes, with illustrative examples, the theme of striving for zero waste and a sustainable environment.

 

Chapter 19 builds provides revised content to examine traditional and just-in-time purchasing. The focus remains on developing an effective costing strategy for inventory management.

 

Chapter 20 focuses on the role of capital budgeting in supporting sustainable longterm projects. The new opening vignette looks at the financing of residential solar panels. The integrated example deals with various examples throughout the chapter and in the new “Concepts in Action” illustrate how companies incorporate sustainability in their capital budgeting decisions.

 

Chapter 21 has been revised to address the most recent developments in the controversial use of transfer prices for tax minimization by multinational corporations, with several real-world examples. The revision also highlights the changing regulatory environment across the world and provides updated information on the use of tools such as advance pricing agreements.

 

Chapter 22 updates include the responsibility of executives and boards of directors for corporate governance. This chapter reviews the most recent legislation in Canada, the United States, and the European Union and how it impacts both executive compensation and corporate governance.