Van Schaik | Publishers / UitgewersCost and Management Accounting provides a comprehensive introduction for students new to this business-relevant subject field. The book covers topics such as cost classification, cost behaviour, inventory management, cost flows, pricing decisions and different types of budgets and standard costing. The various costing systems are dealt with in detail. The theoretical underpinnings of the subject are carefully and clearly explained, with an abundance of examples to illustrate how management accountants apply their expertise to the problems they are required to solve in the business environment. In addition to these illustrative examples, each chapter gives students the opportunity to test their understanding by working through different types of questions.
In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions. One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. According to the Institute of Management Accountants IMA : "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy". Management accountants also called managerial accountants look at the events that happen in and around a business while considering the needs of the business. From this, data and estimates emerge.
Skip to main content Skip to table of contents. Advertisement Hide. Cost and Management Accounting. Front Matter Pages i-xi. Cost and Management Accounting in Context.
Cost accounting is the process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process, and then developing various courses of action to control the costs. Here you can also download Cost Accounting text book pdf for b. The book contains the the topics of, cost management, service costing, costing and financial accounting, absorption costing and marginal costing, cost volume profit analysis, differential costing, zero based budgeting, cost audit, cost accounting records, cost reduction and cost control, standard costing and activity based costing, etc.
free kindergarten level reading books
Conditions of Use
The textbook covers the all the major concepts of managerial accounting. Although they are followed in a slightly different way and order than are pursued in the textbook I am currently using. I found the book easy to follow; however, a number of I found the book easy to follow; however, a number of concepts could have been stretched further, such as, First-in-first-out method for Process Costing in Chapter 4, Lease or sell decision and replacing an old equipment with a new one etc. Inclusion of Table of Contents in the PDF version would have assisted with the reviewing of the textbook. A comprehensive list of learning objective would be useful at the beginning of each chapter.