Summary: Morse is not just a cost determination management text. Taking a much more strategic approach, this text focuses on the full range of cost drivers within the value chain rather than on just the distinctions between product/non-product costs and unit-variable/fixed costs.
...show lessEdition/Copyright: 3RD 03
- NEW! ERP Systems: Today's manager needs to have a mastery of knowledge information systems. In Chapter 6, the aut ...show morehors include this material to familiarize students with ERPs and how they can be used in making strategic business decisions.
- Decisions as Cost Drivers: By focusing on cost drivers rather than the distinction between product and non-product costs, readers see how decisions are the real cost-drivers: how are we going to design a product or build a plant?
- Focus on Innovation: Managers do not use accounting solely to determine the unit costs of products, rather accounting is used to decide between alternatives, assess profitability and a product's contribution margin. You will find information on The Value Chain and Decision Analysis, Activity-Based Costing Compared with Traditional Costing Systems and Bench marking and Quality Management, Continuous Improvement and Process Reengineering.
- Manageable Length: At thirteen chapters in length, instructors may assign a complete text and still have time for additional outside case work and assignments.
- Strong, decision-oriented EOC material: Morse emphasizes analysis in the end of chapter. Not only do many of the exercises and problems often call for discussion, interpretation and "what-if" analysis, but there are also questions and cases that focus on more rigorous comprehension synthesis and evaluation.
- Business Essays: Integrated examples from the business press provide future managers with context. Students can read for themselves about how real firms are implementing text concepts.
- NEW! Integrated Cost Management Case References: Case material developed by John Shank of Dartmouth College involves analysis, synthesis, and evaluation. Just like the "real world," this material often presents ambiguous situations where a manager needs to assess the information and select from several alternatives. Case references are provided at the end of chapter and can be purchased in an accompanying casebook.
- NEW! Expanded Coverage of Contemporary Topics: To equip students with the most up-to-date decision-making methods, the authors have enhanced their contemporary coverage. This includes expanded non-financial measures in the balanced scorecard (Chapter 13); increased coverage of target costing and benchmarking (Chapter 9); and increased coverage of capital budgeting procedures (Chapter 10).
Publisher: South-Western Publishing Co.
Year Published: 2003