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Horngren's Cost Accounting, Global Edition 17th Edition by Srikant Datar (Author), Madhav Rajan (Author) is a definitive textbook that provides a comprehensive understanding of cost accounting principles and practices. Aimed at students and professionals in accounting and business, this edition covers essential topics such as cost concepts, cost behavior, cost allocation, and management control systems. It emphasizes the role of cost accounting in decision-making processes within organizations, integrating global perspectives and contemporary issues in the field.

  • Cost Accounting Fundamentals: Covers fundamental concepts in cost accounting, including cost terminology, cost classifications, and cost behavior analysis.

  • Cost Allocation and Costing Systems: Discusses methods for allocating costs to products, services, and departments, such as job order costing, process costing, and activity-based costing (ABC).

  • Management Control Systems: Explores the design and implementation of management control systems to monitor and improve organizational performance, including budgeting, variance analysis, and performance measurement.

  • Strategic Cost Management: Addresses strategic cost management techniques, such as target costing and lifecycle costing, to support competitive advantage and decision-making.

  • Global Perspectives: Integrates global perspectives on cost accounting practices, highlighting international differences and challenges in cost management.

Conclusion: Horngren's Cost Accounting, Global Edition 17th Edition by Srikant Datar and Madhav Rajan is an essential resource for students and professionals seeking a comprehensive understanding of cost accounting principles, practices, and their application in global business contexts. With its detailed coverage, practical examples, and emphasis on decision-making tools, it serves as a valuable guide for mastering cost accounting concepts.

Writer                 ✤     Srikant Datar (Author), Madhav Rajan (Author)

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