Cost Management: Measuring, Monitoring and Motivating Performance

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. · the role of accounting information in management decision making · the cost function · cost-volume-profit analysis · relevant costs for non-routine operating decisions · job costing · process costing · activity based costing and management · measuring and assigning support department costs · joint product and by product costing · static and flexible budgets · standard costs and variance analysis · strategic investment decisions · joint management of revenues and costs · measuring and assigning costs for income statements · performance evaluation and compensation · strategic performance measurement