Cost Accounting for Dummies
ISBN: 1118453808
EAN13: 9781118453803
Language: English
Publication Date: March 4, 2013
Pages: 408
Dimensions: 1.02" H x 8.98" L x 7.40" W
Weight: 1.30 lbs.
Format: Paperback
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Book Overview
The easy way to get a grip on cost accounting Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors. Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecast changes in costs based on expected activity levels; and much more. Tracks to a typical cost accounting course Includes practical, real-world examples Walks you though homework problems with detailed, easy-to-understand answers If you're currently enrolled in a cost accounting course, this hands-on, friendly guide gives you everything you need to master this critical aspect of accounting.
Editor Reviews
From the Back Cover Learn to: Master important cost accounting concepts Apply your skills with real-world examples Score your highest in a cost accounting course Get a grip on cost accounting? Easy. Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecasts changes in costs based on expected activity levels; and more. Cost Accounting 101 -- find out how cost accounting relates to other areas of accounting, which types of costs are most important, and step-by-step explanations on cost-volume-profit and activity-based costing Plan for it -- take a stroll through the budgeting process, analyze the differences between your budget and actual results using variances, and get the lowdown on overhead costs Make good decisions -- get the scoop on cost drivers -- and how they determine product price -- to make good decisions in running a business Take action -- discover how to allocate costs, analyze business profitability, use shared resources, and more Open the book and find: Cost accounting terms and their purposes How to use cost-volume-profit analysis The hows and whats of activity-based costing Why budgeting is important The concept of relevance in cost accounting Considerations for process costing How to search for measures of quality

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