Higher Education

Cost Accounting: Foundations and Evolutions, 9th Edition

  • Michael R. Kinney Texas A&M University
  • Cecily A. Raiborn Texas State University-San Marcos
  • ISBN-10: 1111971722  |  ISBN-13: 9781111971724
  • 848 Pages
  • Previous Editions: 2011, 2009, 2006
  • © 2013 | Published
  • College Bookstore Wholesale Price = $336.75
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About

Overview

The ninth edition of Kinney/Raiborn's COST ACCOUNTING: FOUNDATIONS AND EVOLUTIONS provides in-depth coverage of current cost management concepts and procedures in a straightforward and reader-friendly framework. The clean, concise presentation of materials and the updated illustrations reinforce and clarify the topics that readers traditionally struggle with most. In addition, real-world examples and ethical coverage are woven into the text so readers immediately see the relevance of the cost accountant's role in managerial decisions and learn to go beyond the numbers and think critically. Ensure mastery of the procedural and decision-making skills needed for future success with the Comprehensive Review Module, an array of newly improved end of chapter assignments, and the powerful, newly enhanced CengageNOW online learning and teaching system.

Additional Product Information

Features and Benefits

  • Leading streamlined, student-friendly approach: Recognized for its unmatched readability, the book's thought-provoking writing keeps concepts intriguing and easy to comprehend. This edition's solid blend of concepts and practices will help students clearly understand how to solve actual business problems.
  • Relevancy in today's business world: Updated illustrations and real-world examples appeal to today's students and clearly exemplify the chapters' concepts. These examples are integrated throughout the main body of the text in order to connect today's business world with the classroom experience immediately. New discussions of green accounting, where applicable, expose students to developing areas of accounting they may encounter in business.
  • Developing ethical business leaders: The need for students to analyze business situations and make informed, ethical decisions is essential in today's business world. COST ACCOUNTING: FOUNDATIONS & EVOLUTIONS weaves ethical considerations throughout the chapter so that students learn to think consistently of the ethical implications of their actions. Potential Ethical Issues at the end of the chapter emphasize dilemmas students may encounter in business, and exercises and problems involving ethical considerations are marked with an ethics icon.
  • Comprehensive Review Modules: Comprehensive Review Modules for each chapter ensure your students' mastery of concepts through succinct chapter summaries, potential ethical issues, solution strategies highlighting key equations and concepts, and demonstration problems that students can use as a framework for solving similar examples in homework assignments or exams. These modules reinforce the critical concepts from the chapter and show how to apply them.
  • High-quality end-of-chapter assignments: Students practice accounting skills with a wide array of assignment types, including Internet research exercises, group activities, writing assignments, ethical problems, and Excel® template activities. Questions test basic chapter comprehension, exercises offer quick concept checks, and problems delve deeper into the concepts, testing students' retention of critical topics and procedures.

Table of Contents

1. Introduction to Cost Accounting.
2. Cost Terminology and Cost Behaviors.
3. Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing.
4. Activity-Based Management and Activity-Based Costing.
5. Job Order Costing.
6. Process Costing.
7. Standard Costing and Variance Analysis.
8. The Master Budget.
9. Break-Even Point and Cost-Volume Profit Analysis.
10. Relevant Information for Decision Making.
11. Allocation of Joint Costs and Accounting for By-Products.
12. Introduction to Cost Management Systems.
13. Responsibility Accounting and Transfer Pricing.
14. Performance Measurement, Balanced Scorecards, and Performance Rewards.
15. Capital Budgeting.
16. Managing Costs and Uncertainty.
17. Implementing Quality Concepts.
18. Inventory and Production Management.
19. Emerging Management Practices.
Appendix A. Present Value Tables.

What's New

  • New Addition of Green Accounting - Discussion about green accounting has been added to this edition where applicable, allowing students to learn more about this type of accounting.
  • Updated Illustrations: The text's illustrations have been updated to reflect a more contemporary, streamlined feel.
  • New Chapter Five organization: Based on user feedback, the discussion of job order costing based on standard costs has been moved into an appendix. The exhibits, learning objectives, and end-of-chapter items in chapter five have been reorganized accordingly. New example company Shaw Harley-Davidson and custom motorcycle manufacturing is used in chapter 5.
  • End-of-chapter questions have been updated and improved for this new edition.
  • The full CengageNOW online tool has been enhanced for this edition of COST ACCOUNTING: FOUNDATIONS AND EVOLUTIONS. With additional problems and rejoinders added to the homework set, CengageNOW allows you to ensure that your students are mastering the procedural and decision-making skills needed for future success. While using the integrated eBook, interactive learning tools, and personalized study plan, students will get the extra help they need. CengageNOW also allows you to assign any end of chapter questions from the text, provides students with enhanced feedback as they complete the homework, and of course alleviates the pain of grading. This integrated, online course management system saves you time as you efficiently plan your course!

Alternate Formats

Choose the format that best fits your student's budget and course goals

To customize your learning solution, contact your Learning Consultant for more information.

  • Looseleaf Edition

    ISBN-10: 1111972095 | ISBN-13: 9781111972097

    List Price = $336.95  | CengageBrain Price = $336.95  | College Bookstore Wholesale Price = $253.50

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Cost Accounting  (ISBN-10: 1111972095 | ISBN-13: 9781111972097)

The ninth edition of Kinney/Raiborn's COST ACCOUNTING: FOUNDATIONS AND EVOLUTIONS provides in-depth coverage of current cost management concepts and procedures in a straightforward and reader-friendly framework. The clean, concise presentation of materials and the updated illustrations reinforce and clarify the topics that readers traditionally struggle with most. In addition, real-world examples and ethical coverage are woven into the text so readers immediately see the relevance of the cost accountant's role in managerial decisions and learn to go beyond the numbers and think critically. Ensure mastery of the procedural and decision-making skills needed for future success with the Comprehensive Review Module, an array of newly improved end of chapter assignments, and the powerful, newly enhanced CengageNOW online learning and teaching system.

List Price = $336.95  | CengageBrain Price = $336.95  | College Bookstore Wholesale Price = $253.50

Instructor's Resource CD-ROM  (ISBN-10: 1111972117 | ISBN-13: 9781111972110)

Place the key teaching and preparation resources you need at your fingertips with the Instructor's Resource CD, which contains the Solutions Manual, the Instructor's Manual, the Test Bank in Word format, and ExamView® Testing Software as well as PowerPoint® Presentation slides and Excel® Spreadsheet Templates with Solutions.

Solutions Manual  (ISBN-10: 1111972494 | ISBN-13: 9781111972493)

Discover full solutions for all end-of-chapter assignment items, including questions, exercises, and problems. Complete computations allow you to demonstrate clearly how to reach the correct answers. Available electronically on the instructor companion Web site and on the Instructor's Resource CD, or as a print product on demand.

CengageNOW™, 2 terms (12months) Instant Access  (ISBN-10: 1133612121 | ISBN-13: 9781133612124)

Succeed in your accounting course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $165.00  | CengageBrain Price = $165.00  | College Bookstore Wholesale Price = $165.00

CengageNOW on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 1133937039 | ISBN-13: 9781133937036)

With its engaging learning and assessment tools, CengageNOW supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.

List Price = $135.00  | College Bookstore Wholesale Price = $135.00

CengageNOW on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1133936628 | ISBN-13: 9781133936626)

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

Student Supplements

Cost Accounting  (ISBN-10: 1111972095 | ISBN-13: 9781111972097)

Kinney/Raiborn's COST ACCOUNTING: FOUNDATIONS AND EVOLUTIONS, Ninth Edition, provides you with in-depth coverage of current cost management concepts and procedures, but in a straightforward and student-friendly way. The clean, concise presentation of materials and fresh, new exhibits reinforce and clarify the topics that students traditionally struggle with most. In addition, real-world examples and ethical coverage are woven into the text so you can immediately see the relevance of the cost accountant's role in managerial decisions. Save time and ensure understanding with Comprehensive Review Modules, which highlight the most important concepts and procedures in one place, and Demonstration Problems, which show you a solved problem that you can use to solve similar exercises. In addition, to help you efficiently complete homework, the newly enhanced CengageNOW online learning system provides interactive tools and a personalized learning path that focuses only on the accounting procedures and concepts you still need to master for success in class, on exams, and in future business careers.

List Price = $336.95  | CengageBrain Price = $336.95  | College Bookstore Wholesale Price = $253.50

CengageNOW™, 2 terms (12months) Instant Access  (ISBN-10: 1133612121 | ISBN-13: 9781133612124)

Succeed in your accounting course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $165.00  | CengageBrain Price = $165.00  | College Bookstore Wholesale Price = $165.00

CengageNOW on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 1133937039 | ISBN-13: 9781133937036)

Have the tools you need to be successful A variety of tools are available in CengageNOW™, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

List Price = $135.00  | College Bookstore Wholesale Price = $135.00

CengageNOW on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1133936628 | ISBN-13: 9781133936626)

Succeed in your accounting course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade.

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

MindLink for CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1285321510 | ISBN-13: 9781285321516)

Succeed in your accounting course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade.

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

Meet the Author

Author Bio

Michael R. Kinney

Professor Michael R. Kinney joined the faculty of accounting at Texas A&M (College Station) in 1989 after receiving a Ph.D. in Accounting from the University of Arizona. He is currently a KPMG Faculty Fellow of Accounting. He has taught undergraduate courses in cost and management accounting and graduate courses in management control systems, cost management, management consulting, corporate taxation, partnership taxation, and corporate tax strategies. He has received teaching awards including the outstanding teacher of the Texas A&M College of Business from the College of Business Honors Society (twice), and Delta Iota Chapter's Beta Alpha Psi teaching excellence award in accounting (twice) and the Association of Former Students Distinguished Achievement Award for Teaching. Professor Kinney has co-authored numerous articles in accounting, taxation, and finance as well as co-authoring ten college textbooks on management accounting and cost management. Dr. Kinney has also conducted consulting and executive development projects for several large Texas-based companies. Currently, Dr. Kinney serves as the Ph.D. Program Coordinator for the Department of Accounting.

Cecily A. Raiborn

Dr. Cecily A. Raiborn is the McCoy Endowed Chair in Accounting at Texas State University-San Marcos. She received her Ph.D. from Louisiana State University in 1975. Dr. Raiborn has taught a wide variety of classes at both the undergraduate and graduate levels, including cost, managerial, intermediate, and advanced accounting as well as courses in accounting policy and fraud prevention and detection. Her research interests include financial, cost management, international, quality, and ethics issues. She has published articles in accounting, law, and ethics journals including MANAGEMENT ACCOUNTING, ADVANCES IN MANAGEMENT ACCOUNTING, JOURNAL OF ACCOUNTING CASE RESEARCH, JOURNAL OF CORPORATE ACCOUNTING AND FINANCE, LABOR LAW JOURNAL, and JOURNAL OF BUSINESS ETHICS. In 1991, she received the AICPA/Louisiana CPA Society Outstanding Educator Award. Her interests outside the classroom include traveling, reading, water activities, decorating, and cooking.