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Cost Management: Strategies for Business Decisions, 4/eRonald W. Hilton,
Johnson Graduate School of Management at Cornell Michael W. Maher, University of California at Davis Frank Selto, University of Colorado Being successful in today's business world takes more than just crunching numbers. It takes learning to ask the right questions and using answers to make informed and intelligent decisions. Using a balance of service and manufacturing industry examples, Hilton, Maher, Selto Cost Management4th edition helps students become not only good cost accountants but also more effective business managers. With each chapter written around a unique focus company, this text offers traditional cost accounting concepts by describing how managers use real information in the business world. Through the innovative "You're the Decision Maker" exercises in each chapter, Cost Management teaches students how to ask the right questions about costs, and more importantly, learn how to make the right decisions using them. Because Excel is the most widely used analytical tool in the business world, businesses want employees with Excel experience. Hilton, Maher, Selto present chapter materials in Excel spreadsheets so students get comfortable examining data in the format they are likely to see in their future jobs. Instructors can use Excel exercises for assignment in each chapter and students are encouraged to get experience they can use in the real world with "Build Your Own Spreadsheets" exercises. It is the authors' philosophy that "Costs don't just happen." They believe that with a proactive approach toward costs, students can grow into cost managers who can add value to any organization. Focus Companies The concepts and applications explored in each chapter are developed in the context of a realistic focus company, based closely on the practices and experiences of an actual organization. Ronald Hilton pioneered this approach in his Managerial Accounting textbook, and Hilton/Maher/Selto's integration of focus companies and real world examples is unmatched by any other cost book. Balance Cost Management features a balance of manufacturing, service, government, mature, and start-up focus companies to demonstrate that cost management concerns are universally applicable. Today's students will work in a wide variety of business environments and will benefit from exposure to the diverse examples used by Hilton/Maher/Selto. Contemporary The authors combine value chain, activity-based costing, activity-based management, value-added analyses, and economic value added to build a logical and easily communicated view of cost management, one that is highly relevant to business today. Because the field of cost management is evolving daily, the authors incorporate current research throughout the book in Research Insights boxes.Being successful in today's business world takes more than just crunching numbers. It takes learning to ask the right questions and using answers to make informed and intelligent decisions. Using a balance of service and manufacturing industry examples, Hilton, Maher, Selto Cost Management4th edition helps students become not only good cost accountants but also more effective business managers. With each chapter written around a unique focus company, this text offers traditional cost accounting concepts by describing how managers use real information in the business world. Through the innovative "You're the Decision Maker" exercises in each chapter, Cost Management teaches students how to ask the right questions about costs, and more importantly, learn how to make the right decisions using them. Because Excel is the most widely used analytical tool in the business world, businesses want employees with Excel experience. Hilton, Maher, Selto present chapter materials in Excel spreadsheets so students get comfortable examining data in the format they are likely to see in their future jobs. Instructors can use Excel exercises for assignment in each chapter and students are encouraged to get experience they can use in the real world with "Build Your Own Spreadsheets" exercises. It is the authors' philosophy that "Costs don't just happen." They believe that with a proactive approach toward costs, students can grow into cost managers who can add value to any organization. Focus Companies The concepts and applications explored in each chapter are developed in the context of a realistic focus company, based closely on the practices and experiences of an actual organization. Ronald Hilton pioneered this approach in his Managerial Accounting textbook, and Hilton/Maher/Selto's integration of focus companies and real world examples is unmatched by any other cost book. Balance Cost Management features a balance of manufacturing, service, government, mature, and start-up focus companies to demonstrate that cost management concerns are universally applicable. Today's students will work in a wide variety of business environments and will benefit from exposure to the diverse examples used by Hilton/Maher/Selto. Contemporary The authors combine value chain, activity-based costing, activity-based management, value-added analyses, and economic value added to build a logical and easily communicated view of cost management, one that is highly relevant to business today. Because the field of cost management is evolving daily, the authors incorporate current research throughout the book in Research Insights boxes. | |||
