About the Book :
Cost Management not only provides readers with an in-depth understanding of cost accounting procedures, it also empowers them to use cost accounting information for decision-making. Unifying the cost accounting content are three underlying themes that are emphasized throughout the book: 1) uncertainty and bias, 2) decision-making, and 3) ethics. The authors also present a problem-solving model, Steps for Better Thinking (SBT), which can be used to analyze and tackle various ethical scenarios. This model will help readers quickly progress through accounting problems in increasing levels of complexity.
About the Author :
Leslie G. Eldenburg is a McCoy-Rogers Fellow at the University of Arizona. She has also taught at California State University-Fresno. She received her MBA and PhD from the University of Washington. She passed the CPA exam in 1985 and has taught review courses for the CMA exam. Leslie has served as faculty advisor for an IMA student chapter and for the Multicultural Business Student Association. She received a number of awards recognizing her activities in teaching, student support, and as faculty advisor for student organizations. She is an active member of the American Accounting Association (AAA), the Management Section of the AAA, the IMA, and the Healthcare Financial Management Association. She has served on and chaired numerous committees within these organizations and currently is the Management Section's Secretary-Treasurer and co-chairs its Doctoral Consortium Committee. Before becoming an academic, she worked in hospital finance at Virginia Mason Hospital in Seattle, Washington. Her research interests include issues in healthcare and hospital accounting, and she has published in The Accounting Review, The Journal of Accounting and Economics, The Journal of Medical Decision Making, The Journal of Corporate Finance, The International Journal of Accounting, Information Systems Research, Healthcare Financial Management, and Controller's Quarterly. In addition, she currently serves on several editorial boards. Susan K. Wolcott is an educational consultant with Wolcott Lynch Associates. Her consulting practice takes her to conferences and campuses around the world where she works with faculty and programs to support critical thinking development, competency assessment, and curriculum innovation. Her publication includes Developing Critical Thinking Skills: The Key to Professional Competencies, an American Accounting Association Academic Partners Toolkit. She chaired the AICPA Core Competency Framework Curriculum Evaluation Task Force, developed the Taxonomy of AICPA Core Competencies, and authored numerous assessment materials for the AICPA Educational Competency Assessment Web site. Additional publications can be found in Issues in Accounting Education, Journal of Accounting Education, Assessment Update, IDEA Center Papers, and other journals. She is a member of the AAA, IMA, IIA, and Washington Society of CPAs, where she participates on the Consulting Services Committee. She previously served on the board of directors, as President of the Educational Foundation, and as Chair of the Education Committee of the Colorado Society of CPAs. She also served as Vice President of Membership for the Portland-Columbia Chapter of the IMA and was a program committee member and presenter for the AACSB Outcomes Assessment Seminar. She was previously on the accounting faculty at the University of Denver, where she received the MBA Core Diamond Award for teaching. She regularly teaches CPA and CMA review courses, and she has also taught courses at the University of Washington, Helsinki School of Economics-Mikkeli, Instituto de Empresa in Madrid, and J.L. Kellogg Graduate School of Management at Northwestern University. She worked in public accounting for ten years, including three years with Coopers & Lybrand (Portland, Oregon). She holds PhD and MS degrees in Accounting and Information Systems from Northwestern University and a BBA in Accounting from the University of Portland.
Interesting Facts :
The book focuses on a wide range of business types including manufacturing, retail, service, non-profit, US and International, as well as small to large private companies.It explores ethical questions about real business scenarios by introducing an ethical decision making framework in the beginning of the book.The book builds professional competencies in areas such as strategic thinking, decision modeling, communication, teamwork, risk analysis, resource management, and life-long learning.This book encourages readers to examine in detail one of the AICPA core competencies.Challenges and improves computational, spreadsheet, and thinking skills through specially designed end-of-chapter material.
Part I Measuring And Using Costs For Management DecisionsThe Role of Accounting Information in Management Decision MakingThe Cost FunctionCost-Volume-Profit AnalysisRelevant Costs for non-Routine Operating DecisionsPart II Measuring And Assigning Costs For Internal And External ReportingJob CostingProcess CostingActivity Based Costing and ManagementMeasuring and Assigning Support Department CostsJoint Product and By Product CostingPart III Planning, Monitoring, And MotivatingStatic and Flexible BudgetsStandard Costs and Variance AnalysisStrategic Investment DecisionsJoint Management of Revenues and CostsMeasuring and Assigning Costs for Income StatementsPerformance Evaluation and CompensationStrategic Performance MeasurementGlossaryCreditsOrganization and People IndexSubject Index