Cost Management: A Strategic Emphasis
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Author Description
Cost A Strategic Emphasis, by Blocher/Chen/Lin was the first cost accounting text to offer strategic management topics in conjunction with traditional cost accounting material. The text was written to help students understand more about management and the role of cost management in helping a firm or organization to succeed. This text aims to teach you about management, and how cost management is used by managers to make better decisions and improve their companies. In teaching these key management skills, this text takes on a strategic focus. It uncovers issues such as, How does a firm compete? What type of cost management information is needed by managers that are working to make the firm a success? We want students to know why, when, and how this information is used to make effective decisions that lead the firm to success.
Menrva's Summary
THE THESIS
How can cost management systems be integrated with strategic organizational goals to improve decision-making and competitive advantage? Authored by Edward Blocher and colleagues, this text provides a framework for understanding the intersection of traditional accounting practices and modern management strategy. The authors utilize a pedagogical approach that emphasizes the role of cost data in supporting firm success, moving beyond simple bookkeeping to address the broader requirements of corporate leadership.
THE SCOPE MAP
What You Will Find
- Integration of strategic management topics with traditional cost accounting principles
- Methodologies for aligning cost information with competitive firm strategies
- Analysis of decision-making processes for managers
- Frameworks for improving organizational performance through cost data
Scope Limits
- Does not cover advanced financial auditing or tax law specifics
- Focuses primarily on internal management accounting rather than external financial reporting standards
THE AUTHORITY PERSPECTIVE
Academic reviewers and instructors frequently identify this text as a foundational resource for bridging the gap between technical accounting and strategic business management. Readers often note the practical orientation of the prose, which prioritizes the application of cost data in real-world corporate environments.
Page Count:
854
Publication Date:
1998-01-01
Publisher:
Mcgraw-Hill College
ISBN-10:
0070059160
ISBN-13:
9780070059160
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Management
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