By Don R. Hansen
Introduce your scholars to the dynamic, interesting nature of price administration as this version demonstrates how ultra-modern stipulations continuously require switch in price administration platforms. Hansen/Mowen/Guan's price administration: ACCOUNTING AND keep watch over, 6th version, first covers functional-based price and keep watch over after which activity-based price platforms, giving scholars the certainty and abilities to control any rate administration approach. This edition's expansive assurance and constant cognizance to technical element offers a radical, well-researched starting place for studying. It addresses the latest influential themes and rising strategies affecting the self-discipline, together with a brand new bankruptcy on lean accounting and a spotlight on expertise instruments that definitely effect inner costing practices.
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Extra resources for Cost Management: Accounting and Control, 6th Edition
Investment bankers and management consultants can communicate with foreign offices instantly using video conferencing technology. Improved transportation and communication in conjunction with higher quality products that carry lower prices have upped the ante for all firms. This new competitive environment has increased the demand not only for more cost information but also for more accurate cost information. Cost information plays a vital role in reducing costs, improving productivity, and assessing product-line profitability.
2. Suppose Tim insists that his suggested accounting treatment be implemented. What should Allison do? , is a closely held brokerage firm that has been very successful over the past five years, consistently providing most members of the top management group with 50 percent bonuses. In addition, both the chief financial officer and the chief executive officer have received 100 percent bonuses. Silverado expects this trend to continue. Recently, the top management group of Silverado, which holds 40 percent of the outstanding shares of common stock, has learned that a major corporation is interested in acquiring Silverado.
For professionals such as accountants, managers, engineers, and physicians, ethical behavior principles can be expanded to include concepts such as objectivity, full disclosure, confidentiality, due diligence, and avoiding conflicts of interest. Benefits of Ethical Behavior Attention to business ethics can bring significant benefits to a company. Companies with a strong code of ethics can create strong customer and employee loyalty. Observing ethical practices now can avoid later litigation costs.
Cost Management: Accounting and Control, 6th Edition by Don R. Hansen