Cost Management: Strategies for Business Decisions, International Edition

PART 1: Setting the Strategic Foundation: The Importance of Analysing and Managing Costs
Cost Management and Strategic Decision Making: Evaluating Opportunities and Leading Change
Product Costing Concepts and Systems
Cost estimation

PART 2: Activity-Based Management
Activity-Based Costing Systems
Customer Profitability and Activity-Based Management
Managing Quality and Time to Create Value

PART 3: Planning and Decision Making
Cost Management and Short-Term Decision Making
Strategic Investment Decisions
Budgeting and Financial Planning

PART 4: Product Costing and Cost Allocation
Job and Order Costing
Joint Product and Process Cost Systems
Managing and Allocating Support Service Costs

PART 5: Performance Measurement and Management
Analysis and Management of Cost Variances
Organizational Design, Responsibility Accounting and Evaluation of Divisional Performance
Transfer Pricing
Strategy, Balanced Scorecards, and Incentive Systems

This book is an adaptation of the successful US text Cost Management by Hilton, Maher and Selto, written specifically for an international audience.

Major improvements include:

Diverse and truly international examples of organizations - Examples used throughout the book are from all over the world and represent manufacturing, retail, not-for-profit, and service firms in many different countries. Completely restructured and rewritten text - The book has been rewritten, restructured and also shortened significantly to align content closer with international courses. Integral use of spreadsheets - Spreadsheet software is used for explaining techniques and making applications more realistic. In depth research - Summaries of international research studies that address important cost management issues have been updated and more references to recent research findings have been added. Intuitive explanation of accounting - The authors show directly how events impact the balance sheet and profit and loss account.