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With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret, and communicate accounting information in the context of managerial decision-making. Major topics include: cost behaviour cost analysis profit planning and control measures accounting for decentralized operations budgeting decisions ethical challenges in management and cost accounting
a) Cost Accounting concepts explained in a simplified wayb) Fundamentals and important principles includedc) Practical approach for application by business professionalsd) Solved examples with real-life business scenarios
The accounting concepts and standards in this document are aimed at providing timely and reliable information on the full cost of federal programs, their activities, and outputs. Meant to be used by the Congress and federal executives in making decisions about allocating federal resources, authorizing and modifying programs, and evaluating program performance. The ideas presented allow maximum flexibility for agency managers in developing costing methods that are best suited to their operational environment.
In order to have a dispassionate view about the financial position of his company a financial manager has to make use of different management accounting techniques. Cost techniques have a precedent over other techniques since the accounting treatment of cost is often both complex and financially significant.
Written for the cost accounting course at the third level, this book should appeal to professors who see cost accounting as a cost information process to make more informed managerial decisions. This book features extended examples of cost techniques used by real companies, and real world examples which demonstrate a balance among manufacturing companies, service firms and non-profit firms.
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Examines the fundamental concepts and techniques of cost accounting in concise, straightforward language with comprehensive coverage of process costing and standard costing.