For undergraduate and MBA Cost or Management Accounting courses.

The text that defined the cost accounting market

Horngren’s Cost Accounting defines the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory into the text. This acclaimed, market-leading text emphasizes the basic theme of “different costs for different purposes,” and reaches beyond cost accounting procedures to consider concepts, analyses, and management. The 16th Edition, Global Edition, incorporates the latest research and most up-to-date thinking into all relevant chapters, so that students are prepared for the rewards and challenges they will face in the professional cost accounting world of today and tomorrow.

MyLab^TM Accounting not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

About the book

Use the most current information to prepare students for their field

• Emphasis on Global Issues reflect today’s increasingly global business environment.
• The importance of joint cost allocation in creating a trade war between poultry farms in South Africa and the United States (Chapter 16).
• The text’s examples of management accounting applications in companies are drawn from international settings.
• Focus on merchandising and service sectors (versus traditional manufacturing settings)highlight the shifts in the US and world economies.
• Several Concepts in Action boxes focus on the merchandising and service sectors, including achieving cost leadership at Trader Joes, using activity-based costing to reduce the costs of health care delivery at the Mayo Clinic (Chapter 5), reducing fixed costs at Twitter (Chapter 2), and analyzing operating income performance at Best Buy (Chapter 12) and web-based budgeting at 24 Hour Fitness.
• Emphasis on sustainability as one of the critical managerial challenges of the coming decades, including material that stress themes of recognizing and accounting for environmental costs, energy independence and the smart grid, setting stretch targets to motivate greater carbon reductions, using cost analysis, carbon tax, and cap-and-trade auctions to reduce environmental footprints, and constructing “green” homes in a cost-effective manner.
• More focus on the role of accounting concepts and systems in fostering and supporting innovation and entrepreneurial activities in firms including:

o The challenges posed by recognizing R&D costs as period expenses even though the benefits of innovation accrue in later periods.

o How companies budget for innovation expenses and develop measures to monitor success of the innovation efforts delinked from operational performance in the current period (Chapter 6).

o The importance of nonfinancial measures when making decisions about innovation (Chapter 11).

o The concept that innovation starts with understanding customer needs (Chapter 13).

o Process innovations for improving quality (Chapter 19).

• Cutting-edge topics are covered, including material around recent trends in big data and data analytics in predicting costs and when making demand forecasts.
• Provide a solid pr

• Emphasis on Global Issues reflect today’s increasingly global business environment\
• The text’s examples of management accounting applications in companies are drawn from international settings.
• Several Concepts in Action boxes focus on the merchandising and service sectors, including achieving cost leadership at Trader Joes, using activity-based costing to reduce the costs of health care delivery at the Mayo Clinic (Chapter 5), reducing fixed costs at Twitter (Chapter 2), and analysing operating income performance at Best Buy (Chapter 12) and web-based budgeting at 24 Hour Fitness.
• Examples of companies that mandate disclosures and evaluate managers on environmental and social metrics (Chapter 23).
• Material that stress themes of recognising and accounting for environmental costs, energy independence and the smart grid, setting stretch targets to motivate greater carbon reductions, using cost analysis, carbon tax, and cap-and-trade auctions to reduce environmental footprints, and constructing “green” homes in a cost-effective manner.
• More focus on the role of accounting concepts and systems in fostering and supporting innovation and entrepreneurial activities in firms including:
• Cutting-edge topics
• Provide a solid presentation of accounting hallmarks with a great emphasis on strategy
• Extensive use of real-world examples.
• Ability to teach chapters in different sequences.
• Excellent quantity, quality, and range of assignment material.
• Strategy maps are presented as a useful tool to implement the balanced scorecard and a simplified presentation of how income statements of companies can be analysed from the strategic perspective of product differentiation or cost leadership. A new section helps students evaluate strategy maps such as the strength of links, differentiators, focal points and trigger points.
• Try It examples are simple and focus on key ideas or concepts. They are located after a particular concept or calculation, and invite students to practice what they have just learned.
• Becker Multiple Choice Questions in the assignment material probe students’ knowledge of the chapter material and their ability to think critically about key concepts.
• Opening Vignettes. Each chapter opens with a vignette on a real company situation. The vignettes get students engaged in a business situation, or dilemma, illustrating why and how the concepts in the chapter are relevant in business. New examples on Quiksilver, General Motors, Boeing, Delta, Honda, and Viacom have been incorporated.
• Concepts in Action Boxes. Found in every chapter, these boxes cover real-world cost accounting issues across a variety of industries including automobile racing, defense contracting, entertainment, manufacturing, and retailing. New examples include Subway, Chipotle, H&M, Amazon, Under Armour, and Netflix.
• Streamlined Presentation. The authors continue to simplify and streamline the presentation of various topics in order to make it as easy as possible for a student to learn the concepts, tools, and frameworks introduced in different chapters.

MyLab^TM Accounting not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Personalize learning with MyLab Accounting

MyLabTM Accounting is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colors. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include:

a more pen-and-paper-friendly layout of exercises

the ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers in line, after each question, or on a separate sheet