Management and Cost Accounting

by Drury, Colin

• ISBN13: 9781844805662
• ISBN10: 1844805662
• Edition: 7th
• Format: Paperback
• Copyright: 2009-08-10
• Publisher: CENGAGE Lrng Business Press

Summary

Drury's Management & Cost Accounting is the market-leading European text on management accounting and is a comprehensive authority on all aspects of the subject. The book has been streamlined and substantially redesignedin its 7th edition to make it much shorter and easier to use. There are downloadable and interactive resources for the book at www.drury-online.com. The aim of the seventh edition is to explain the principles involved in the design and evaluation of management and cost accounting information systems. The emphasis in the book is on management accounting systems - those that are used to accumulate, classify, summarize and report information that will be used for internal decision-making purposes within an organisation. However, cost accounting systems, that record cost information for external reporting and internal profit measurement purposes, are also comprehensively covered.In summary, this new edition has been brought fully up to date with the latest developments in the subject, is much shorter and more integrated with the web resources for the book, and reverts to the system of having lecturer's questions in the book, with answers on the password-protected side of the site.

Table of Contents

Introduction to Management and Cost Accounting

Introduction to management accounting

An introduction to cost terms and concepts

Cost Accumulation for Inventory Valuation and Profit Measurement

Cost assignment

Accounting entries for a job costing system

Process costing

Joint and by-product costing

Income effects of alternative cost accumulation systems

Information for Decision-Making

Cost-volume-profit analysis

Measuring relevant costs and revenues for decision-making

Activity-based costing

Pricing decisions and profitability analysis

Decision-making under conditions of risk and uncertainty

Capital investment decisions: appraisal methods

Capital investment decisions: the input of capital rationing, taxation, inflation and risk

Information for Planning, Control and Performance Measurement

The budgeting process

Management control

Standard costing and variance analysis 1

Standard costing and variance analysis 2: further aspects

Divisional financial performance measures

Transfer pricing in divisionalized companies

Cost Management and Strategic Management Accounting

Cost management

Strategic management

The Application of Quantitative Methods to Management Accounting

Cost estimation and cost behaviour

Quantitative models for the planning and control of stocks

The application of linear programming to management accounting

Case Studies

Notes

Bibliography

Appendices.

Table of Contents provided by Publisher. All Rights Reserved.