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Cost accounting traditions differ across countries, especially between Germany and the US/UK. Consequently, multinational companies often face cross-national differences in the design of their subunits' cost accounting systems. To improve comparability and facilitate control, multinational companies seek to globally align these systems. In this respect, they have to balance the needs of the headquarters and the subunits. By the means of a mixed-method approach, this study analyses the design of cost accounting systems from both perspectives. It finds empirical evidence for cross-case and cross-country differences in the complexity and standardization of cost accounting systems in subunits of German multinational companies and identifies important determinants and success factors. The findings have implications for researchers and practitioners in the field of management accounting.
". . . the presentation is lucid and the examples and math are not taxing. Furthermore, the pedagogical and other improvements in the text are more than marginal; they are major, and make the purchase of this second edition well 'worth it' even if you have the first."
"Listing all of its virtues would be superfluous. Levin and McEwan have produced an excellent resource for teaching, a valuable handbook for practitioners, and a solid guide to research."
--David Plank, COMPARATIVE EDUCATION REVIEW, Feb. 2002
"Every student in evaluation studies and all who aspire to become professional evaluators must have some minimal knowledge of cost-effectiveness. The content of this book should admirably serve that purpose and should be required reading in all programs that prepare professional evaluators both inside and outside the field of education. The purpose of the book is to familiarize the reader with the uses, concepts, and applications of cost-analysis approaches to educational evaluations. Careful attention is given to outlining the development and use of cost-feasibility, cost-effectiveness, cost-benefit, and cost-utility as complimentary techniques for assisting educational decisions."
--Darrell R. Lewis, Educational Policy, University of Minnesota
"Those of you teaching cost analysis and management of human services systems should look carefully at this text. Human services professional managing systems are confronted with the problems of being increasingly more efficient. This text will help you teach those students entering the field about how to conduct analytical studies of their management practices. I award the authors many accolades for an excellent treatment of a very complex topic which is now translated into useable materials for management."
--Jon S. Ebeling, Political Science, California State University, Chico
"Research shows that smaller class sizes generate benefits in the form of higher achievement. But does that mean that reducing class size is a cost-effective policy change? This book by Levin and McEwan provides the analytical tools and concepts for educational policy makers to address that and many other policy questions. It defines and distinguishes various concepts of cost analysis, including cost-effectiveness, cost-benefit and cost-utility analysis, and makes a compelling case for their usefulness to policy makers. The book offers an essential analytical foundation for all policy makers in education interested in spending money wisely and productively."
--Helen F. Ladd, Public Policy Studies & Economics, Duke University
Why should applied researchers be concerned with cost-effectiveness analysis? Answer: Because it will enable them to discover if a particular program or policy has attained maximum effectiveness for a given budget. Designed so that an individual can utilize this book as part of an informal course of self-study or in a formal course on the subject, Levin and McEwan provide readers with the step-by-step methods to plan and implement a cost-analysis study. Through the use of numerous examples drawn from the applied literature, the authors explain, demonstrate and illustrate the four major techniques of cost analysis: cost-effectiveness, cost-benefit, cost-utility, and cost-feasibility. They examine issues that are pertinent to the choice of analysis and its implementation; the nature of costs, including how to identify, measure, and distribute costs; measuring effectiveness, utility, and benefits; and, lastly the challenges to incorporating cost evaluations in the decision making process. In-depth exercises are included at the end of each chapter to enable readers to sharpen their ability to evaluate policy options and program effectiveness. (The feedback to these exercises are provided in an Appendix at the end of the book). The authors also provide readers with recommended readings at the end of chapters and a comprehensive bibliography of methodological sources on cost analysis and educational cost studies at the end of the book. This book will enable readers to reduce the costs of reaching particular objectives, and expand what can be accomplished for any particular budget or resource constraint.
Managerial cost accounting is the financial and managerial tool that is used to estimate the organizational cost of products and services in business and government. In recent decades, cost accounting in the United States and other advanced industrial countries has been dominated by discussions of Activity Based Costing or ABC. While ABC can be shown to produce a more accurate estimate of cost than older and more basic types of cost accounting, ABC is not used extensively in many governments. We argue that this recent focus on ABC has stifled examination and discussion of how government cost accounting is being used and how it could be used in practice. The study of cost accounting practice reveals an important and underexplored area of financial management in government. Given the scandals that cost accounting estimates can create and that different types of cost accounting can create different estimates of cost it may be reasonable to ask whether the cost accounting exercise is worth it? Cost Accounting in Government: Theory and Applications addresses these unusual and unusually important topics through a series of studies of different government cost accounting practices. The first section of the book presents two chapters on the history and basic elements of cost accounting. The second section of the book provides further discussion and case studies of actual cost accounting practices in the main areas that cost accounting has been used in government: benchmarking the performance of government services, rate setting, grant overhead cost recovery, and cost management. The last two chapters discuss cost accounting practices in Europe and the future of cost accounting. These cases span local and federal governments and provide a much needed context to the study of cost accounting in government. Aimed at academics, researchers and policy makers in the fields of Accounting, Public Administration, and Government Studies, Cost Accounting in Government: Theory and Applications seeks to address the practical and theoretical gap in government cost accounting research with case studies of different public agencies that are using cost accounting for different purposes. The case studies illustrate that different purposes for cost accounting create unique and interesting cost accounting practices. The case studies provide useful examples of actual cost accounting systems that can inform both research and instruction
"Costing for the Fashion Industry" offers a clear, concise examination of the issues involved in budgeting and costing for the rapidly changing fashion industry. Accessibly written and designed specifically for the teaching of fashion-related subjects, it encourages a realistic awareness of costing, manufacture and sourcing.
Each chapter focuses on a theme such as the changing nature of cost and of the industry, time constraints, global awareness and new markets, and product cost and sourcing. The chapters include exercises to reinforce learning, as well as case studies and guides to further learning. Michael Jeffrey and Nathalie Evans combine many years of teaching and practical experience in accounting, buying and production for the fashion industry.
"Costing for the Fashion Industry" is a practical, easy-to-use textbook which enables the reader to successfully put into practice the basic costing methods essential to students of fashion.
Cost Accounting provides comprehensive coverage of cost accounting principles and techniques in short learning segments that make it easier for students to learn and understand the material. In addition to a clear, concise writing style, carefully planned organization, and numerous illustrations, this new edition now offers an even more attractive design that enhances learning while maintaining student interest. A spreadsheet applications disk can be packaged with the text.
Go beyond managerial accounting theory to the techniques used in
0132816245 / 9780132816243 Managerial Accounting: Making Decisions and Motivating Performance Plus NEW MyAccountingLab with Pearson eText -- Access Card Package Package consists of: 0132829444 / 9780132829441 NEW MyAccountingLab with Pearson eText -- Access Card -- for Managerial Accounting: Making Decisions and Motivating Performance, 1/e 0137024878 / 9780137024872 Managerial Accounting: Making Decisions and Motivating Performance, 1/e
Hilton/Maher/Selto (HMS) addresses traditional cost concepts, but makes cost accounting functional by focusing on measuring and managing costs. HMS maintains that, "Costs don't just happen, " and with a pro-active approach toward costs, accountants can add value to an organization. Faculty will appreciate the new and more conventional chapter organization in the first two sections of the text. The real-world approach of this text, including the use of focus companies and the new accompanying focus sites, provides a realistic business environment, and aids in student comprehension and interest in the subject.
The bestselling Purchasing Chessboard (R) concept, used by hundreds of corporations worldwide to reduce costs and increase value with suppliers, is the topic of this successful professional book now published in its third edition. The 64 squares on the Purchasing Chessboard provide a wealth of methods that can be applied either individually or in combination. And because many of these methods are not customarily used by procurement, the Purchasing Chessboard is also the perfect tool for helping procurement professionals to think and act outside the box and find new solutions. A well tested concept that works across all industries and all categories in any given situation, it is little wonder that business leaders and procurement professionals alike are excited by, and enjoy strategizing around, the Purchasing Chessboard. It encourages greater rigor and creativity and the building of world class capabilities. The explosive growth in analytics and the rise in the number of specialists in procurement practice have taken the application of the Purchasing Chessboard to new levels. This third edition of the book includes a rich assortment of case examples to reflect the lessons learned across geographies and industries. Some of the chapters have also been updated to accurately reflect these trends.
This book provides extensive insights and analysis into pricing models for autonomous manufacturing. Taking a cost engineering approach, it shows how businesses facing technological change can provide visibility to pricing sensitivity and maximize price, and profit in every transaction. The book pulls together the many elements of cost engineering; cost estimation, cost control, business planning and management, profitability analysis, cost risk analysis and project management, planning, and scheduling, and considers the many different approaches and methods for estimating or assessing costs. It aims to help companies with decision making, cost management, and budgeting with respect to product development, and highlights the importance of cost estimation during the early stages of product development. A discussion of appropriate pricing models is also included to determine the most effective course for handling operational costs in autonomous manufacturing systems in order to create a more productive and profitable system. Cost Engineering and Pricing in Autonomous Manufacturing Systems will provide new insights for researchers and students, as well as industrial practitioners interested in applied models which can be employed and implemented in real cases.
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