The 6th edition includes many new and revised Opening Vignettes, Business Insight boxes, and real company examples. Over 25 percent of the assignments have been replaced or revised. In addition, various chapters have been rewritten and streamlined for additional clarity. Some chapter specific changes follow.
Chapter 1
- New section on international accounting standards.
- New section on corporate governance (Sarbanes-Oxley), along with a new, related Research Insight box.
- New discussion of corporate social responsibility.
- New Business Insight on globalization as a structural cost driver.
- New Business Insight on organizational cost drivers.
- Over 25% of the assignments are new or revised.
Chapter 2
- New vignette on cost behavior examining success factors of WalMart and Dollar stores.
- New Research Insight on the use of modeling to reduce life insurance costs.
- Over 25% of the assignments are new or revised.
Chapter 3
- New opening vignette featuring NetFlix.
- Sharper focus on selection of appropriate cost structure for profitability at given sales volume.
- Revised Research Insight on cash break-even for a retirement decision.
- New Business Insight with Using CVP Analysis and Prediction at Family Dollar Stores.
- Over 25% of the assignments are new or revised.
Chapter 4
- New opening vignette featuring Nintendo and the Wii.
- New Business Insight on outsourcing featuring Boeing, Sony and Samsung.
- New Business Insight on “Rethinking Outsourcing.”
- New Research Insight on “Global Outsourcing Risks.”
- New Business Insight on “Theory of Constraints.”
- Over 25% of the assignments are new or revised.
Chapter 5
- Revised opening vignette, expanding and updating material on Caterpillar and Hershey. These changes provide a better insight on the study of job and process costing.
- Revised and shortened section on Inventory Costs in Various Organizations.
- New Business Insight addressing reverse engineering and illustrating a bill of materials.
- Revised and shortened section evaluating the illustration of job costing.
- New Business Insight introducing distribution costs that focuses on the importance of this non-
product cost.
- Over 25% of the assignments are new or revised.
Chapter 6
- New opening vignette featuring UPS, FedEX, USPS, Coca-Cola, IBM, and GE.
- Over 25% of the assignments are new or revised.
Chapter 7
- New opening vignette on cost allocation in a service industry, featuring Wells Fargo.
- Three New Business Insight boxes.
- Over 25% of the assignments are new or revised.
Chapter 8
- New opening vignette on the “Green” evolution of cars featuring the Prius, the Volt, and the Leaf.
- 5 New Business Insight and Research Insight boxes.
- Over 25% of the assignments are new or revised.
Chapter 9
- New opening vignette featuring Apple.
- Revised section on “Reasons for Budgeting” to include coverage of risk management/enterprise.
- New Research Insight addressing risk management.
- New Business Insight on the importance cash budgeting at Kodak.
- Replaced section on “Developing Budgets that Work” with section “Open Books Management.”
- Added Research Insight addressing open books management.
- Over 25% of the assignments are new or revised.
Chapter 10
- Revised the opening vignette to incorporate changes in performance evaluation at Home Depot.
- New section on “Financial and Non-Financial Performance Measures” under Responsibility
Accounting.
- Updated and revised the Business Insight on Six Sigma.
- New Business Insight on interpreting cost variances.
- Over 25% of the assignments are new or revised.
Chapter 12
- New Business Insight on interpreting cost variances.
- Revised assignment materials requiring computations, including problems based on the City of
Chicago’s decision to lease 35,000 parking meters and a problem examining a possible purchase of a Honda Civic Hybrid.
- Over 25% of the assignments are new or revised.