Horngren's Cost Accounting: A Managerial Emphasis, Global Edition, 16th Edition

Srikant Datar all

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Horngren's Cost Accounting: A Managerial Emphasis, Global Edition, 16th Edition

By Srikant Datar, Madhav Rajan
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Horngren’s Cost Accounting defines the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory into the text.

This acclaimed, market-leading text emphasises the basic theme of “different costs for different purposes,” and reaches beyond cost accounting procedures to consider concepts, analyses, and management.

The 16th Edition incorporates the latest research and most up-to-date thinking into all relevant chapters, so that readers are prepared for the rewards and challenges they will face in the professional cost accounting world of today and tomorrow.

Srikant M. Datar is the Arthur Lowes Dickinson Professor of Business Administration at the Harvard Business School, Faculty Chair of the Harvard University Innovation Labs, and Senior Associate Dean for University Affairs. He previously served as Senior Associate Dean from 2000 to 2010. A graduate with distinction from the University of Bombay, he received gold medals upon graduation from the Indian Institute of Management, Ahmedabad, and the Institute of Cost and Works Accountants of India. A chartered accountant, he holds two master’s degrees and a PhD from Stanford University.

Madhav V. Rajan is the Robert K. Jaedicke Professor of Accounting at Stanford University’s Graduate School of Business. He is also Professor of Law (by courtesy) at Stanford Law School. From 2010 to 2016, he was Senior Associate Dean for Academic Affairs and head of the MBA program at the Stanford GSB.


  • Emphasis on Global Issues reflect today’s increasingly global business environment\
  • The text’s examples of management accounting applications in companies are drawn from international settings.
  • Several Concepts in Action boxes focus on the merchandising and service sectors, including achieving cost leadership at Trader Joes, using activity-based costing to reduce the costs of health care delivery at the Mayo Clinic (Chapter 5), reducing fixed costs at Twitter (Chapter 2), and analysing operating income performance at Best Buy (Chapter 12) and web-based budgeting at 24 Hour Fitness.
  • Examples of companies that mandate disclosures and evaluate managers on environmental and social metrics (Chapter 23).
  • Material that stress themes of recognising and accounting for environmental costs, energy independence and the smart grid, setting stretch targets to motivate greater carbon reductions, using cost analysis, carbon tax, and cap-and-trade auctions to reduce environmental footprints, and constructing “green” homes in a cost-effective manner.
  • More focus on the role of accounting concepts and systems in fostering and supporting innovation and entrepreneurial activities in firms including:
  • Cutting-edge topics 
  • Provide a solid presentation of accounting hallmarks with a great emphasis on strategy
  • Extensive use of real-world examples.
  • Ability to teach chapters in different sequences.
  • Excellent quantity, quality, and range of assignment material.
  • Strategy maps are presented as a useful tool to implement the balanced scorecard and a simplified presentation of how income statements of companies can be analysed from the strategic perspective of product differentiation or cost leadership. A new section helps students evaluate strategy maps such as the strength of links, differentiators, focal points and trigger points.
  • Try It examples are simple and focus on key ideas or concepts. They are located after a particular concept or calculation, and invite students to practice what they have just learned.
  • Becker Multiple Choice Questions in the assignment material probe students’ knowledge of the chapter material and their ability to think critically about key concepts.
  • Opening Vignettes. Each chapter opens with a vignette on a real company situation. The vignettes get students engaged in a business situation, or dilemma, illustrating why and how the concepts in the chapter are relevant in business. New examples on Quiksilver, General Motors, Boeing, Delta, Honda, and Viacom have been incorporated.
  • Concepts in Action Boxes. Found in every chapter, these boxes cover real-world cost accounting issues across a variety of industries including automobile racing, defense contracting, entertainment, manufacturing, and retailing. New examples include Subway, Chipotle, H&M, Amazon, Under Armour, and Netflix.
  • Streamlined Presentation. The authors continue to simplify and streamline the presentation of various topics in order to make it as easy as possible for a student to learn the concepts, tools, and frameworks introduced in different chapters.
Table of contents
  • 1. The Manager and Management Accounting
  • 2. An Introduction to Cost Terms and Purposes 
  • 3. Cost–Volume–Profit Analysis 
  • 4. Job Costing 
  • 5. Activity-Based Costing and Activity-Based Management 
  • 6. Master Budget and Responsibility Accounting 
  • 7. Flexible Budgets, Direct-Cost Variances, and Management Control 
  • 8. Flexible Budgets, Overhead Cost Variances, and Management Control 
  • 9. Inventory Costing and Capacity Analysis 
  • 10. Determining How Costs Behave 
  • 11. Decision Making and Relevant Information 
  • 12. Strategy, Balanced Scorecard, and Strategic Profitability Analysis 
  • 13. Pricing Decisions and Cost Management 
  • 14. Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis 
  • 15. Allocation of Support-Department Costs, Common Costs, and Revenues 
  • 16. Cost Allocation: Joint Products and Byproducts 
  • 17. Process Costing 
  • 18. Spoilage, Rework, and Scrap 
  • 19. Balanced Scorecard: Quality and Time 
  • 20. Inventory Management, Just-in-Time, and Simplified Costing Methods 
  • 21. Capital Budgeting and Cost Analysis 
  • 22. Management Control Systems, Transfer Pricing, and Multinational Considerations 
  • 23. Performance Measurement, Compensation, and Multinational