Cost Management: Strategies for Business Decisions
Book Summary
This text book presents a comprehensive approach to understanding how cost information supports strategic decision-making in businesses. The book emphasizes aligning cost management practices with organizational goals to improve efficiency and profitability. It provides a strong foundation in cost accounting principles, including cost classification, behavior, and allocation, while integrating advanced techniques such as activity-based costing (ABC) and cost-volume-profit analysis. This book highlight the importance of budgeting, performance measurement, and variance analysis as tools for planning and control. They explore the intersection of cost management with technology, showcasing how systems like ERP and data analytics can enhance decision-making. Ethical considerations and sustainability are also woven into the discussion, reflecting their growing importance in modern business. Practical applications are illustrated through case studies, demonstrating the relevance of cost management across industries. The book also addresses lean accounting principles and global challenges, equipping readers to adapt to evolving business environments. It underscores the role of cost information in critical decisions like pricing, outsourcing, and capital investment, offering a strategic lens for both students and professionals.
ISBN’s: 9780073526805, 9780072430332, 9780072830088, 9780072299021, 9780072881820, 9780072882551, 9780070874664, 9780072388404, 9780072343533
Authors
Ronald W. Hilton, Michael W. Maher, Frank H. Selto
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