Cost Accounting and Management Essentials You Always Wanted To Know

A simple guide to making managerial decisions based on cost data.

Cost Accounting & Management Essentials You Always Wanted To Know: 5th Edition condenses the vast world of cost accounting and management into a practical, compact guide. In this book, the conceptual frameworks of cost accounting and management are presented with practical examples that help solidify the learner's understanding. With this book, professionals will become acquainted with the key cost accounting terminology and will learn how to manage their company's resources to achieve organizational goals.

This new edition includes an exciting new chapter on Customer Profitability, updated chapter contents, and real-world examples that will help learners to understand how to use cost accounting tools to make decisions to benefit their organizations.

With this book, readers will be able to:

  • Explore the world of Cost Accounting
  • Conduct Cost-Volume-Profit (CVP) Analysis for your company
  • Learn to use Activity-based Costing
  • Understand concepts of Cost Allocation and Control
  • Make decisions using relevant cost information
  • Discover the difference between Customer and Product Profitability Analysis
  • Cost Accounting & Management Essentials is ideal for working professionals moving into management roles. This book will also be useful to senior management and individuals who need to understand cost accounting numbers.

    About the Series

    Cost Accounting & Management Essentials is part of the Self-Learning Management Series that is designed to help students, professionals, and entrepreneurs learn essential management lessons. This series of books is written by industry experts who have combined their vast work experiences into relevant, concise, and practical handbooks that appeal to learners from all spheres of life.

    1133166443
    Cost Accounting and Management Essentials You Always Wanted To Know

    A simple guide to making managerial decisions based on cost data.

    Cost Accounting & Management Essentials You Always Wanted To Know: 5th Edition condenses the vast world of cost accounting and management into a practical, compact guide. In this book, the conceptual frameworks of cost accounting and management are presented with practical examples that help solidify the learner's understanding. With this book, professionals will become acquainted with the key cost accounting terminology and will learn how to manage their company's resources to achieve organizational goals.

    This new edition includes an exciting new chapter on Customer Profitability, updated chapter contents, and real-world examples that will help learners to understand how to use cost accounting tools to make decisions to benefit their organizations.

    With this book, readers will be able to:

  • Explore the world of Cost Accounting
  • Conduct Cost-Volume-Profit (CVP) Analysis for your company
  • Learn to use Activity-based Costing
  • Understand concepts of Cost Allocation and Control
  • Make decisions using relevant cost information
  • Discover the difference between Customer and Product Profitability Analysis
  • Cost Accounting & Management Essentials is ideal for working professionals moving into management roles. This book will also be useful to senior management and individuals who need to understand cost accounting numbers.

    About the Series

    Cost Accounting & Management Essentials is part of the Self-Learning Management Series that is designed to help students, professionals, and entrepreneurs learn essential management lessons. This series of books is written by industry experts who have combined their vast work experiences into relevant, concise, and practical handbooks that appeal to learners from all spheres of life.

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    Cost Accounting and Management Essentials You Always Wanted To Know

    Cost Accounting and Management Essentials You Always Wanted To Know

    Cost Accounting and Management Essentials You Always Wanted To Know

    Cost Accounting and Management Essentials You Always Wanted To Know

    Hardcover(5th ed.)

    $64.99 
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    Overview

    A simple guide to making managerial decisions based on cost data.

    Cost Accounting & Management Essentials You Always Wanted To Know: 5th Edition condenses the vast world of cost accounting and management into a practical, compact guide. In this book, the conceptual frameworks of cost accounting and management are presented with practical examples that help solidify the learner's understanding. With this book, professionals will become acquainted with the key cost accounting terminology and will learn how to manage their company's resources to achieve organizational goals.

    This new edition includes an exciting new chapter on Customer Profitability, updated chapter contents, and real-world examples that will help learners to understand how to use cost accounting tools to make decisions to benefit their organizations.

    With this book, readers will be able to:

  • Explore the world of Cost Accounting
  • Conduct Cost-Volume-Profit (CVP) Analysis for your company
  • Learn to use Activity-based Costing
  • Understand concepts of Cost Allocation and Control
  • Make decisions using relevant cost information
  • Discover the difference between Customer and Product Profitability Analysis
  • Cost Accounting & Management Essentials is ideal for working professionals moving into management roles. This book will also be useful to senior management and individuals who need to understand cost accounting numbers.

    About the Series

    Cost Accounting & Management Essentials is part of the Self-Learning Management Series that is designed to help students, professionals, and entrepreneurs learn essential management lessons. This series of books is written by industry experts who have combined their vast work experiences into relevant, concise, and practical handbooks that appeal to learners from all spheres of life.


    Product Details

    ISBN-13: 9781636511054
    Publisher: Vibrant Publishers
    Publication date: 08/12/2022
    Series: Self-Learning Management
    Edition description: 5th ed.
    Pages: 192
    Product dimensions: 5.50(w) x 8.50(h) x 0.50(d)

    About the Author

    Kalpesh Ashar is a management consultant and corporate trainer holding an MBA (Dean's Award Winner) from SPJIMR, one of Asia's top business schools, and an Engineering degree with honors in Electronics. He has over 24 years of experience in large organizations and start-ups in Asia, USA, and Europe.Kalpesh has worked in several project management roles, like Senior Project Manager, Delivery Manager, and Program Manager. He is passionate about writing on management subjects. His techno-business background gives him a unique position to write on management topics that are easy to understand for non-MBA graduates. His books are authored in a simple to understand manner without unnecessary use of management jargons.

    Vibrant Publishers is focused on presenting the best texts for learning about technology and business as well as books for test preparation. Categories include programming, operating systems and other texts focused on IT. In addition, a series of books helps professionals in their own disciplines learn the business skills needed in their professional growth. Vibrant Publishers has a standardized test preparation series covering the GMAT, GRE and SAT, providing ample study and practice material in a simple and well organized format, helping students get closer to their dream universities.

    Table of Contents

    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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