Cost Management: Strategies for Business Decisions

Ronald W. Hilton is a Professor of Accounting at Cornell University. With bachelor's and master's degrees in accounting from The Pennsylvania State University, he received his Ph.D. from The Ohio State University. A Professor of Management at the University of California-Davis, Professor Maher previously taught at the University of Michigan, the University of Chicago, and the University of Washington. He also worked on the audit staff at Arthur Andersen & Co. and was a self-employed financial consultant for small -businesses. He received his BBA from Gonzaga University (which named him Distinguished Alumnus in 1989), and his MBA and Ph.D. from the University of Washington, and earned the CPA from the state of Washington. Professor Maher is president of the Management Accounting Section of the American Accounting Association, and has served on the editorial boards of The Accounting Review, Accounting Horizons, Journal of Management Accounting Research, and Management Accounting. Co-author of two leading textbooks, Principles of Accounting and Managerial Accounting, Maher has co-authored several additional books and monographs, including Internal Controls in U.S. Corporations and Management Incentive Compensation Plans, and published articles in many journals, including Management Accounting, The Journal of Accountancy, The Accounting Review, The Journal of Accounting Research, Financial Executive, and The Wall Street Journal. For his research on internal controls, Maher was awarded the American Accounting Association's Competitive Manuscript Award and the AICPA Notable Contribution to Literature Award. He has also received the award for the Outstanding Tax Manuscript, and from the students at the University of California's Graduate School of Management, he has received the Annual Outstanding Teacher Award three times and a special award for outstanding service twice Professor Selto has been on the faculty at the University of Colorado at Boulder since 1985, where he has taught accounting at the undergraduate and graduate levels and served as Division Chair of Accounting and Information Systems. Recently appointed as a Research Fellow of the University of Melbourne, Selto has taught at the University of Denver, the University of Colorado at Denver, and the University of Washington. Professor Selto holds MBA and Ph.D. degrees in accounting from the University of Washington, and BS and MS degrees in mechanical engineering, from Gonzaga University and the University of Utah, respectively. Prior to earning his MBA and Ph.D. degrees, he worked as a mechanical engineer and served as an officer in the US Army Corps of Engineers. Active in the American Accounting Association and its Management Accounting Section, Selto was the editor of the Education Research section of The Accounting Review and has served on the editorial boards of The Accounting Review, Journal of Management Accounting Research, Management Accounting Research, and Accounting Horizons. A researcher of management accounting and management control, Selto has published articles in Journal of Accounting Research, Accounting, Organizations and Society, Journal of Cost Management and Journal of Management Accounting Research, one of which was recognized as a Notable Contribution to the Management Accounting Literature.

Hilton, Cost Management: Strategies for Business Decisions, 4/ePart 1Setting the Strategic Foundation: The Importance of Analyzing and Managing Costs1.Cost Management and Strategic Decision Making Evaluating Opportunities and Leading Change2.Product Costing Systems: Concepts and Design Issues 3.Cost Accumulation for Job-Shop and Batch Production OperationsPart 2Activity-Based Management4.Activity-Based Costing Systems 5.Activity-Based Management 6.Managing Customer Profitability7.Managing Quality and Time to Create Value Part 3 Process Costing and Cost Allocation8.Process-Costing Systems 9.Joint-Process Costing10.Managing and Allocating Support-Service Costs Part 4 Planning and Decision Making11.Cost Estimation 12.Financial and Cost-Volume-Profit Models13.Cost Management and Decision Making 14.Strategic Issues in Making Long-Term Capital Investment Decisions 15.Budgeting and Financial Planning Part 5 Evaluating and Managing PerformanceCreating and Managing Value-Added Effort16.Standard Costing, Variance Analysis, and Kaizen Costing 17.Flexible Budgets, Overhead Cost Management, and Activity-Based Budgeting 18.Organizational Design, Responsibility Accounting, and Evaluation of Divisional Performance 19.Transfer Pricing 20.Performance Measurement SystemsGlossaryPhoto CreditsBibliography Company Name IndexSubject Index