Customer Reviews

Cost Accounting: A Managerial Emphasis (Charles T. Horngren Series in Accounting)

5 star:		(7)
4 star:		(3)
3 star:		(1)
2 star:		(0)
1 star:		(5)

 

 

A strength of this book is that there are many color diagrams
throughout which illustrate/highlight the material. The treatment
of process cost accounting is thorough and highly simplified
with many detailed examples to illustrate the computation of
equivalent units. In process cost accounting, it is critical
to understand the physical flow of costs, as well as,
interdepartmental transfers and modified cost assumptions.
In addition, there is a thorough treatment of managerial
cost accounting in the areas of discounted cash flow, internal
rate of return, compounding, depreciation and cash flow,
net present value, uncertainty, inflation, capital budgeting,
payback and the accounting rate of return. Lastly, there is
a good treatment of decentralization and transfer pricing.
The book is worth the price of admission. Classic problems
from this text have been replicated on some form or another
on professional and collegiate standardized tests.
This work helps to support what is taught in a collegiate
finance course, as well as the cost accounting element.

The thrust of a cost accounting course is for the B or better
student. There is a fair amount of work in this course.
As such, it is geared for accounting, finance or economics
majors. Quantitatively oriented students will enjoy the presentation as well as a wide constituency of teachers
in academe. Even college administrators would find this
text useful for preparing budget schedules and interdepartmental
cost analyses. Engineering companies would
benefit by having a detailed analyses of process costing and
managerial accounting on individual construction jobs.

If you are looking for a single volume "bible" on cost accounting, this is likely the best book in print today to fit that bill. It is comprehensive in scope yet has many strengths to ease comprehension and aid readability.

The topics are grouped in six main sections each with several chapters on that topic. Since it is unlikely that you will read this reference / text book left to right as you would a novel this organization helps in finding what you are looking for and focusing on the area(s) of interest.

There are many helpful illustrations and a good use of color as well as chapter summaries and all the exercises you could ever hope for.

A very excellent feature is the use of application problems that take you step-by-step through building an Excel spreadsheet. This is tremendously useful.

The web support is also a good help as well as the streaming video vignettes.

I honestly find this topic very interesting and the 11th edition of this book to be a very valuable resource.

I am Chartered Management Accountant (CIMA) - intermediate student. I used this book for my professional qualification paper - Decision Making. This book is useful, but I have some reservations and therefore the rating 3/5. Some of my reservations are:
1.Unlike Drury's, Management and Cost Accounting, this book is almost all formula based. Almost everything is derived through formula and there is very little explanations on why the formula is structured in that way.

2. The chapter of Standard Costing and Analysis of Variance is frustrating. The author(s) doesn't cover all the variances under all the categories, namely material, labor,overhead and sales etc..,

3. At one point the book asks you to calculate the Break Even point under "Absorption Costing", but there is never a discussion of how to do it. You'll find this information in drury's text.

4. The excersise and problem sets are too simple for a professional level student. However the cases are great.

The plus points however are:
1. Great coverage of emerging practices in the profession
2. The companion CD is great source of sharpening your knowledge, and
3. The color presentation

Overall, the book rates below Colin Drury's bible book "Management and Cost Accounting". Therefore before spending $150 to buy this book, have a look at the bible book.

If you are looking for a single volume "bible" on cost accounting, this is likely the best book in print today to fit that bill. It is comprehensive in scope yet has many strengths to ease comprehension and aid readability.

The topics are grouped in six main sections each with several chapters on that topic. Since it is unlikely that you will read this reference / text book left to right as you would a novel this organization helps in finding what you are looking for and focusing on the area(s) of interest.

There are many helpful illustrations and a good use of color as well as chapter summaries and all the exercises you could ever hope for.

A very excellent feature is the use of application problems that take you step-by-step through building an Excel spreadsheet. This is tremendously useful.

The CD comes with PowerPoint presentations, spreadsheet templates for various assignments, excel problems for the student to solve, video clips, and sample student solutions (this is a most helpful feature).

I honestly find this topic very interesting and the 11th edition of this book to be a very valuable resource.

I've studied cost accounting for 2 years in Hong Kong. The first year I used a really bad text book named 'Costing', I hated studying Costing. However after using the 'Cost Accounting: A Managerial Emphasis (10 Edition)', I become interested in Costing and Management Accounting. And deceide to have CMA exam in future. THIS BOOK IS REALLY GOOD ONE.

This book helped me to better understand cost accounting. The orginal book that I had for my class didn't explain cost accounting clear enough but this book went into more detail.

The write ups are easy to follow and well written. The concepts of what I read is applicaple to real life environment. Chapters do not drag on - very concise. Good use of T accounting examples, etc. - I purchased the hardcover because it is something that I will keep in my library and refer back to after college is over.

About a month ago I ordered the book and I still haven't received anhything. I do not know how to get my money back now or when it will arrive... Help!

Book was received as described and was shipped on time. AAA+

This product was purposely advertised under edition 11 while it is in actuality a 7th edition. Not only that, it is not even cost accounting but Financial accounting. To make matters worst the seller was not helpful at all and blamed everything on Amazon. I am doing my second masters and therefore not new to Amazon; so blaming such an institution is no justification for an inherent dishonesty. There was no CD package as well and therefore the only thing that matched to the discreption was the authors. Proof of this persons dishonesty is that on Amazon you can buy the same book he sold me at $2 while he sold (cheated) the book to me for $20 something. I strongly advise no one to buy from this person. If there was any lower rating than 1 I would definetly have given him that as rating "1" is too high of a scale for this persona.