Analyzing and managing costs is crucial for business success. Industrial, service, and non-profit companies will not be successful in the long-term if they do not understand their costs.
This textbook introduces the basic concepts and current developments in cost accounting. The book features numerous anecdotal examples from a wide range of industries, case studies, Microsoft Excel examples, and exercises to ensure a sustainable learning success.
Contents:
Cost Accounting as a Part of Corporate AccountingBasic Concepts of Cost AccountingProduct and Service CostingCost-Center AccountingCost-Type AccountingCost Functions and Determining Cost BehaviorProfit and Loss CalculationCost-Volume Profit AnalysisCost and Revenue Information for Operational DecisionsStandard Costing and Variance AnalysisGrenzplankostenrechnung (GPK)Activity-Based CostingTarget CostingBudgetingTransfer Pricing
Readership: Academics and students interested in cost accounting and finance.
