Cost Management: A Strategic Emphasis, by Blocher/Stout/Cokins/Chen is the first cost accounting text to offer integrated coverage of strategic management topics in cost accounting. The text is written to help students understand more about management and the role of cost accounting in helping an organization succeed. This text aims to teach management concepts and methods, and to demonstrate how managers use cost management information to make better decisions and improve their organization’s competitiveness. In teaching these key management skills, the text takes on a strategic focus. It addresses issues such as: How does a firm compete? What type of cost management information is needed for a firm to succeed? How does the management accountant develop and present this information? This text helps students learn why, when, and how cost information is used to make effective decisions that lead a firm to success.

Contents

PART ONE: Introduction to Strategy, Cost Management, and Cost Systems

Chapter 1: Cost Management and Strategy

Chapter 2: Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map

Chapter 3: Basic Cost Management Concepts

Chapter 4: Job Costing

Chapter 5: Activity-Based Costing and Customer Profitability Analysis

Chapter 6: Process Costing

Chapter 7: Cost Allocation: Departments, Joint Products, and By-Products

PART TWO: Planning and Decision Making

Chapter 8: Cost Estimation

Chapter 9: Short-Term Profit Planning: Cost-Volume-Profit (CVP) Analysis

Chapter 10: Strategy and the Master Budget

Chapter 11: Decision Making with a Strategic Emphasis

Chapter 12: Strategy and the Analysis of Capital Investments

Chapter 13: Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

PART THREE: Operational-Level Control

Chapter 14: Operational Performance Measurement: Sales, Direct Cost Variances, and the Role of Nonfinancial Performance Measures

Chapter 15: Operational Performance Measurement: Indirect Cost Variances and Resource Capacity Management

Chapter 16: Operational Performance Measurement: Further Analysis of Productivity and Sales

Chapter 17: The Management and Control of Quality

PART FOUR: Management-Level Control

Chapter 18: Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Chapter 19: Strategic Performance Measurement: Investment Centers and Transfer Pricing

Chapter 20: Management Compensation, Business Analysis, and Business Valuation

Meet the Authors

Edward J. Blocher is an emeritus professor of accounting at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. His undergraduate degree (economics) is from Rice University, his MBA from Tulane University, and his PhD from the University of Texas at Austin. Professor Blocher has presented regularly on strategic cost management at the national meetings of both the American Accounting Association (AAA) and the Institute of Management Accountants (IMA).

Paul E. Juras is the Jefferson Vander Wolk Professor of Managerial Accounting and Operational Performance and former chair of the Accountancy and Law Division at Babson College. Previously he was a professor of accountancy at Wake Forest University. He earned both his BBA and MBA at Pace University and his PhD from Syracuse University. He is a certified management accountant (CMA) and has a certified public accountant (CPA) license from New York. Professor Juras has experience in strategic management accounting. He has published articles and cases in many journals, including the Journal of Corporate Accounting and Finance, Issues in Accounting Education, The CPA Journal, and Strategic Finance. He has made numerous presentations at meetings of both the American Accounting Association (AAA) and the Institute of Management Accountants (IMA). In 2014, he received the IMA’s Lybrand Gold Medal, awarded to the author(s) of the outstanding article of the year published in Strategic Finance, and in 2015 he received the IMA’s R. Lee Brummet Award for Distinguished Accounting Educators.

Steven D. Smith is an associate professor of accountancy and the Warnick/Deloitte Fellow in the Marriott School of Business at Brigham Young University (BYU). Previously he was an assistant professor of accountancy at the University of Illinois at Urbana-Champaign. He earned BS and MACC degrees from BYU, and MS and PhD degrees from Cornell University. He is a certified management accountant (CMA). Professor Smith teaches cost and management accounting courses in the undergraduate and graduate accounting programs, as well as the executive MBA program at BYU. Professor Smith has experience working in the field of strategic cost management, including a 2016 professional development leave from BYU, during which he worked as an in-house financial planning and analysis consultant for Ortho Development Corporation, a medical device company in Salt Lake City, Utah.

The Author Team was selected to create a leading book in cost management based

on leadership in teaching experience, research, commitment to learning, and a connection to

the profession and practice of management accounting that provides students with up-to-date

knowledge of real-world management accounting issues and practices.