- Comes with Chapter Summaries and Solutions to Practice Exercise
- Fundamentals and important principles included
- Practical approach for application by business professionals
- Solved examples with real-life business scenarios
Cost Accounting & Management Essentials You Always Wanted To Know: 4th Edition is an introduction to cost accounting for
engineers and scientists moving into management roles. It is structured in a compact and easy-to-understand format so that beginners to the subject will gain an understanding of cost accounting and managerial accounting.
The book covers:
- An introduction to cost accounting
- Cost-Volume-Profit (CVP) analysis
- Activity based Costing
- Cost management
- Other aspects of cost allocation and control
- Decision-making using relevant information
About the Series
The Self-Learning Management series is designed to help students, new managers, career switchers and entrepreneurs learn essential management lessons. This series has management books, finance and accounting books, and strategy and
marketing books designed to address every aspect of business from HR to Finance to Marketing to Operations. Each book includes basic fundamentals, important concepts, standard and well-known principles as well as practical ways of application of the subject matter. The distinctiveness of the series lies in that all the relevant information is bundled in a compact form that is very
easy to interpret.
Table of Content
1. Introduction
Cost Accounting Terms
Using a Costing System
Solved Examples
Practice Exercise
Chapter Summary
2. Cost-Volume-Profit (CVP) Analysis
Contribution Income Statement
CVP Analysis
Breakeven Point and Target Income
CVP Analysis for Decision Making
Sensitivity Analysis
Solved Examples
Practice Exercise
Chapter Summary
3. Decision Making using Relevant Information
One-Time-Only Special Orders
Make-or-Buy Decisions
Outsourcing and Opportunity Costs
Product-Mix Decisions with Capacity Constraints
Solved Examples
Practice Exercise
Chapter Summary
4. Activity Based Costing
Broad Averaging
Simple Costing System
Activity Based Costing System
Customer Profitability
Solved Examples
Practice Exercise
Chapter Summary
5. Support Department Cost Allocation
Need for Cost Allocation
Cost Allocation Basis
Allocating Costs of One Support Department
Allocating Costs of Multiple Support Departments
Solved Examples
Practice Exercise
Chapter Summary
6. Cost Control
Direct Variances
Indirect Variances
Solved Examples
Practice Exercise
Chapter Summary
Glossary
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