Charles T. Horngren was the Edmund W. Littlefield Professorof Accounting, emeritus, at Stanford University. A graduate of MarquetteUniversity, he received his MBA from Harvard University and his PhD from theUniversity of Chicago. He also received honorary doctorates from Marquette Universityand DePaul University. A certified public accountant, Horngren served on theAccounting Principles Board, the Financial Accounting Standards Board AdvisoryCouncil, and the Council of the American Institute of Certified PublicAccountants and served as a trustee of the Financial Accounting Foundation,which oversees the Financial Accounting Standards Board and the GovernmentAccounting Standards Board. He is a member of the Accounting Hall of Fame.Horngren served the American Accounting Association as its president and asdirector of research. He received the association’s first annual Outstanding AccountingEducator Award. He also received its Lifetime Contribution to ManagementAccounting Award. The California Certified Public Accountants Foundation gaveHorngren its Faculty Excellence Award and its Distinguished Professor Award. Heis the first person to have received both awards. The American Institute ofCertified Public Accountants presented him with its first Outstanding EducatorAward. He was also named Accountant of the Year, Education, by the nationalprofessional accounting fraternity, Beta Alpha Psi. Professor Horngren was amember of the Institute of Management Accountants, where he received itsDistinguished Service Award. He was a member of the Institute’s Board ofRegents, which administers the Certified Management Accountant examinations.Horngren authored several other accounting books published by PrenticeHall: Cost Accounting: A Managerial Emphasis, Introduction toFinancial Accounting, Accounting, and FinancialAccounting. He was also the Consulting Editor for the Charles T. HorngrenSeries in Accounting.

I. FOCUS ON DECISION MAKING

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