Fundamentals of Cost Accounting / Edition 5

by Shannon Anderson Associate Professor, Michael W. Maher, William N. Lanen Professor

Overview

Fundamentals of Cost Accounting provides a direct, realistic, and efficient way to learn cost accounting, integrated with new technology learning tools. Fundamentals is short (approximately 700 pages) making it easy to cover in one semester. The authors have kept the text concise by focusing on the key concepts students need to master. The Decision opening vignettes and Business Application boxes show realistic applications of these concepts throughout. All chapters conclude with a Debrief that links the topics in the chapter to the decision problem faced by the manager in the opening vignette. Comprehensive end-of-chapter material provides students with all the practice they need to fully learn each concept.

McGraw-Hill Connect Accounting a digital teaching and learning platform forhomework completion and review that helps improve student performance over avariety of critical outcomes while aiding instructor grading and assessmentefficiency.

Housed within Connect, SmartBook is an adaptivestudy tool that helps identify specific topics and learning objectivesindividual students need to study. As students read, SmartBook assesscomprehension and dynamically highlights where they need to focus more. Theresult is that students are more engaged with course content, can betterprioritize their time, and come to class ready to participate.

End-of-Chapter Material helpsyou apply the concepts in accounting and, in more comprehensive material,analyze the information to form business decisions. Assignable materialincludes exercises, problems and test bank material. Based on yourinstructor settings, you can receive instant feedback on your work either whileworking on an assignment or after the assignment is submitted for a grade.

Product Details

ISBN-13:	9781259565403
Publisher:	McGraw-Hill Education
Publication date:	01/20/2016
Edition description:	Older Edition
Pages:	800
Product dimensions:	9.00(w) x 11.00(h) x 1.20(d)
Age Range:	18 Years

About the Author

Shannon Anderson is the Michael and Joelle Hurlston Presidential Chair and professor of management at the University of California-Davis. Previously she taught at Rice University, the University of Melbourne, and the University ofMichigan. She received her PhD from Harvard University and a BSE from Princeton University. Shannon has taught undergraduate, masters, and doctoral students a variety of courses on cost accounting, cost management, and management control. Her research focuses on the design and implementation of performance measurement and cost control systems.

A Professor of Management at the University of California-Davis, Professor Maher previously taught at the University of Michigan, the University of Chicago, and the University of Washington. He also worked on the audit staff at Arthur Andersen & Co. and was a self-employed financial consultant for small -businesses. He received his BBA from Gonzaga University (which named him Distinguished Alumnus in 1989), and his MBA and Ph.D. from the University of Washington, and earned the CPA from the state of Washington.

Professor Maher is president of the Management Accounting Section of the American Accounting Association, and has served on the editorial boards of The Accounting Review, Accounting Horizons, Journal of Management Accounting Research, and Management Accounting. Co-author of two leading textbooks, Principles of Accounting and Managerial Accounting, Maher has co-authored several additional books and monographs, including Internal Controls in U.S. Corporations and Management Incentive Compensation Plans, and published articles in many journals, including Management Accounting, The Journal of Accountancy, The Accounting Review, The Journal of Accounting Research, Financial Executive, and The Wall Street Journal.

For his research on internal controls, Maher was awarded the American Accounting Association's Competitive Manuscript Award and the AICPA Notable Contribution to Literature Award. He has also received the award for the Outstanding Tax Manuscript, and from the students at the University of California's Graduate School of Management, he has received the Annual Outstanding Teacher Award three times and a special award for outstanding service twice

William Lanen is the KPMG Professor of Accounting Emeritus at the University of Michigan. He previously taught at the Wharton School at the University of Pennsylvania. He received his AB from the University of California-Berkeley, MS from Purdue University, and his PhD from the Wharton School. He has taught cost accounting to undergraduates, MBA students, and executives, including in global programs in Europe, South America, Australia, and Asia. He has also served as the director of the Office of Action-Based Learning at the Ross School of the University of Michigan. His research focuses primarily on performance evaluation and reward systems.

Table of Contents

Chapter 1: Cost Accounting: Information for Decision Making
Chapter 2: Cost Concepts and Behavior
Chapter 3: Fundamentals of Cost-Volume-Profit Analysis
Chapter 4: Fundamentals of Cost Analysis for Decision Making
Chapter 5: Cost Estimation
Chapter 6: Fundamentals of Product and Service Costing
Chapter 7: Job Costing
Chapter 8: Process Costing
Chapter 9: Activity-Based Costing
Chapter 10: Fundamentals of Cost Management
Chapter 11: Service Department and Joint Cost Allocation
Chapter 12: Fundamentals of Management Control Systems
Chapter 13: Planning and Budgeting
Chapter 14: Business Unit Performance Measurement
Chapter 15: Transfer Pricing
Chapter 16: Fundamentals of Variance Analysis
Chapter 17: Additional Topics in Variance Analysis
Chapter 18: Performance Measurement to Support Business Strategy
Appendix: Capital Investment Decisions: An Overview