Cost accounting Books

Book SynopsisDeveloping Skills for the classroom and beyond: Fundamentals of Cost Accounting lets the student see the development of cost accounting tools and techniques as a natural response to decision making. Using a procedural approach, the material in the text is presented from the perspective of both the preparer of information and the user of the information. This allows both accounting majors and those students planning other careers to appreciate the issues from both sides.

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Book SynopsisIn recent years, nonprofit and voluntary organisations have faced challenges and unanticipated pressures as a result of increased competition for funding, technological advancements, the need to comply with government regulations, and increased social and community expectations regarding greater accountability and transparency.Cost accounting and cost management tools are considered to be a means of providing adequate and quality information for management control for all sorts of organisations, including nonprofits. Using empirical evidence from the Australian nonprofit sector, this research monograph offers insight into how nonprofit and voluntary organisations control and manage the costs of their operations and projects through cost accounting and cost management tools. The book will be of benefit to a range of stakeholders in the sector, including financial and management accountants, professional accounting bodies, the government, policymakers, academics, consultants and operational managers.Trade Review'Focussing on today's socially and economically important non-profit and voluntary sector, this invaluable research text addresses its crucial cost management practices. The authors deliver important intelligence concerning strategic management and innovation for meeting organizational performance demands in a resource constrained and competitive environment.' — Distinguished Professor Lee Parker, RMIT University, Melbourne and Glasgow University, Scotland'Accounting in not-for-profit and voluntary organisations, an increasingly important sector, has been neglected, despite effective cost management and external accountability being vital to their operations. This monograph reviews work and presents research in this field that will be useful to practitioners and academics alike.' — Trevor Hopper, Professor Emeritus of Management Accounting, University of Sussex, UK'The business of not-for-profits is becoming more complex and sustainability more challenging. This book is important because the sector needs to consider its cost base and financial sustainability in a world where demand for support and services is ever increasing, and resources are ever diminishing in real terms. A very important contribution indeed from Zahirul Hoque and Tarek Rana.' — Professor David Gilchrist, University of Western Australia'In an era where the non-profit sector is increasingly under pressure to become more market-efficient, the magnitude of the necessity to better manage their costs is exacerbated. With much of the focus of historical research focused on profit-maximising entities, this book is a welcome addition to the literature to help guide and enlighten non-profit management to improved cost management practices.' — Dr Nicodemo La Rosa, CA, CPA, Chief Financial Officer, arbias Ltd, www.arbias.org.auTable of Contents1 Background, introduction and aims2 The nonprofit and voluntary sector in Australia3 Accountability and governance mechanisms for nonprofit organisations: an international perspective4 Cost management and accounting research literature: an overview5 Theory of cost management and research propositions6 Study design and methods7 Survey results8 Findings from case studies9 Conclusions and implications

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Book SynopsisThis work outlines a state-of-the-art project control and trending programme, focusing on advanced applied-cost and schedule-control skills for all phases of a project at both owner and contractor level. It contains information on the three major aspects of the total project programme: the techniques and procedures utilized for a project; the experience and analytical ability of project personnel; and the commitment and teamwork of a project group.Table of ContentsThe relationship and impact of project skills: introduction and authors' mission statement; benchmarking - the technical core of TQM; the impact of personnel skills on company culture and bottom line. Cosy and schedule baselines: estimating keys - establishing a realistic baseline (typical and standard schedules); value management; economic evaluation in the process industries; keys to controlling and reducing environmental costs. Project control: contracting - front-end risks (key contract administration and cost-schedule considerations); cost and schedule trend analysis-forecasting of baselines; change control and risk analysis; range estimating; contracting - claims and extras (excluding genuine scope changes); managing small, shutdown, retrofit, or outrage projects; project closeout-lessons learned and historical data. Project management keys and interface: project management fundamentals - key elements; managing the feasibility study - pre-project planning; front-end planning and project organization (FEPPO); managing engineering-project control keys/interfaces; management procurement - project control keys/interfaces; managing construction-project control keys/interfaces.

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Book SynopsisThe Origins Of Accounting Culture aim at studying the origins of the accounting culture in Venice, with a specific focus on accounting education. The period covered by the work ranges from Luca Pacioli to the foundation (in 1868) of the Royal Advanced School of Commerce (Regia Scuola Superiore di Commercio), that in 2018 is celebrating its 150 anniversary as Ca' Foscari University of Venice.Ever since the Middle Ages, Venice was home of a number of favourable circumstances that have been accumulating over the years. As a trading city par excellence, Venice allowed the spreading of the bookkeeping at first among firms and then in the public administration that was much in need of sophisticated accounting principles for the purpose of controlling its activities.Venice was among the first cities to implement Gutenberg print method and it quickly became the most important city in the world in the publishing indTable of ContentsList of Tables and Figures Foreword Preface Section I Accounting treaties. 1. Venetian treatises: a frame2. A Venetian treatise before Pacioli by Marino de Raphaeli3. The spread of double-entry bookkeeping method in the 16th Century: "Quaderno doppio col suo giornale novamente composto et dilegentissimamente ordinato secondo il costume di Venetia" of Dominico Manzoni (1540)4. Giovanni Antonio Moschetti: the wise embodiment of a 17th-century intellectual (1610)5. Bookkeeping treatises in Venice: The contributions of Francesco Garatti (1686 – 1688)6. Niccolò D’Anastasio, forerunning of modern accounting (1803).Section II Companies. 7. Accounting and Power interrelations at the origin of the Venetian Hospital "SS. Giovanni e Paolo"8. Managing the largest printing business in Europe: The Remondini in Bassano (17th to 19th century)9. Carive accounting system: An evolutionary perspective in its early years10. Firm and industry dimensions of the glassmaking industry in Venice: The case of Barovier & Toso11. Accounting in the venetian textile industries. 12. The fraudulent investor: an accounting investigation on a Venetian manufactory, 1778-1784.Section III Accounting education 13. Accounting Profession and Education in the XV and XVI centuries Venice: The case of Collegio de Rasonati and Scuola di Rialto14. The rise of a culture of planning and control: The case of Scuola Grande di San Rocco in the XVI century15. Al nome de Dio e bon guadagno – Pacioli, Venice, Education and Bookkeeping; 16. Accounting History and Accounting Education: The Venetian Arsenale Connection17. Fabio Besta, Accounting History and Accounting Education18. The reform of the "Collegio dei Ragionati" in the early eighteenth century19 Historical origins and evolution of small and medium practices in providing accounting support.References Index

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Book SynopsisWritten by a management consultant who has valued more than 1,000 small businesses, A Basic Guide for Valuing a Company is a nuts-and-bolts guide that covers all the bases, from the difference between publicly traded and privately held firms to tangible and intangible values.Table of ContentsIntroduction vii Chapter 1 Setting the Stage . . . This Business of Valuing Small, Closely Held Companies 1 Chapter 2 Dispelling Perceptions about Value (Because It’s a Rascal We Can’t Really Ignore) 8 Chapter 3 Intangible Values 17 Chapter 4 Industry and Economic Forces 23 Chapter 5 The ‘‘Four Steeds’’ in Business Valuation 29 Chapter 6 Nontraditional Valuation Practitioners 32 Chapter 7 The Data Collection Process 36 Chapter 8 Setting the Records Straight 40 Chapter 9 Valuation Techniques 46 Chapter 10 Practicing with an Excess Earnings Method 61 Prelude to Case Examples of Small-Business Valuation 69 Chapter 11 Professional-Practice Valuation 71 Chapter 12 Small Manufacturer Valuation (With Ratio Studies) 87 Chapter 13 Valuation of a Restaurant 107 Chapter 14 Seventy Cents on the Dollar 124 Chapter 15 Retail Home-Decorating Business Valuation (With Production and Retail Sales) 137 Chapter 16 Retail Hardware Stores 158 Chapter 17 Retail Garden Center 170 Chapter 18 Grocery Store 188 Chapter 19 Manufacturer with Mail-Order Sales 204 Chapter 20 Wholesale Distributor 220 Chapter 21 A Practice Session: A Marina Valuation 236 Chapter 22 Concluding Thoughts about Value and Price 250 Chapter 23 “Dot-Com”—Information Technology 256 Appendix A Valuation of a Marina: Author’s Responses 274 Appendix B Yegge’s Rules for Making Deals Work 289 About the Author 291 Index 293

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Book SynopsisThe hype and benefits of Activity-Based Costing have been difficult and expensive for small and medium-sized businesses to realize. This practical, do-it-yourself guide shows how both manufacturing and service companies can implement ABC without the expense of an outside consultant and without dismantling their current cost information systems.Table of ContentsActivity-Based Costing: The First Decade. Strange Case of Ace Manufacturing. What Is Activity-Based Costing. Deadly Virus of Generally Accepted Accounting Principles: Determining True Economic Costs. Logic of Activity-Based Costing. Case Study: ACME Distributors. Decision Costing: The Real Reason for Activity-Based Costs. Activity-Based Costing Model Toolbox. Developing Cost Flow-Down Structures: Case Studies. Building a Cost Accumulation and Distribution Model. Small-Time manufacturing: Developing the Conceptual Model. Small-Time Manufacturing: Building the Cost Accumulation and Distribution Model, Part 1-Cost Accumulation. Small- Time Manufacturing: Building the Cost Accumulation and Distribution Model, Part 2--Cost Distribution. Small-Time Manufacturing: Product Costing. Small-Time Manufacturing: Discrete Event Simulation or "What If?" Analysis. Small-Time Manufacturing: Multiyear Costing and Pricing. Impediments to Adopting Activity-Based Costing at the Small and Mid-Sized Organization. Making Activity-Based Costing Work at the Small and Mid-Sized Business. Index.

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Book SynopsisWhile activity-based accounting is based on the activities an organization uses in their business process, activity-based management takes this a step further. This text presents the topic for manufacturing groups to the service industries, government entities and nonprofit organizations.Table of ContentsActivity-Based Management and Enterprise Excellence. The Changing Service Environment. Activities, Activity Management, and Cost Management. Why Activities? Activity Analysis. Activities of an Enterprise. Activity Cost. Calculating an Activity Cost. Tracing Activity Cost. Activity Service Cost. Activity-Based Budgeting. Activity Management-A Process Approach. Appendix. Glossary. Index.

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Book SynopsisHandbook of Cost Management, Second Edition covers all of the essential topics in cost management and accounting. It includes conventional topics, such as job costing and cost allocation, as well as such current topics as balanced scorecard, economic value added, logistics and marketing cost, theory of constraints, inter-organizational costing, and the cost of quality.Table of ContentsPreface. About the Editors. Contributors. 1. Glossary of Cost Management Concepts (Roman L. Weil). 2. Economic Concepts of Cost in Managerial Accounting (Gordon Shillinglaw and Roman L. Weil). 3. Different Costs for Different Purposes (Russell A. Taussig and Roman L. Weil). 4. Accounting Magic (Roman L. Weil). 5. Mathematical Concepts in Cost Accounting (Joel S. Demski). 6. Activity-Based Costing and Management (Michael W. Maher). 7. Target Costing for New Product Development. 8. Kaizen Costing for Existing Products (Robin Cooper and Regine Slagmulder). 9. Interorganizational Costing (Robin Cooper and Regine Slagmulder). 10. Costs and Benefits of Quality Improvement (Christopher D. Ittner and David F. Larcker). 11. Logistics and Marketing Costs (James M. Reeve). 12. Estimating Cost Behavior (Michael W. Maher and M. Laurentius Marais). 13. Spoilage, Waste, and Scrap, Including Green Accounting (William N. Lanen). 14. Job, Process, and Operations Costing (Michael W. Maher). 15. Standard Costing Systems (James A. Largay III). 16. Allocations of Cost and Revenue (Roman L. Weil) 17. Cost-Volume-Profit Analyses (Nicholas Dopuch and Michael W. Maher). 18. Forecasting Pro Formal Financial Statements (James M. Wahlen). 19. Operating Budgets and Budgeting-Benefits and Costs (Michael D. Shields). 20. Theory of Constraints (Eric Noreen). 21. Capital Budgeting: Concepts and Methods (Roman L. Weil). 22. Capital Budgeting: Implementation (Roman L. Weil). 23. Compound Interest: Concepts and Applications (Roman L. Weil). 24. Performance Evaluation in Decentralized Organizations (Michael W. Maher). 25. The Balanced Scorecard and Nonfinancial Performance Measures (Michael W. Maher). 26. Economic Value Added (EVA®) (James J. Wallace). 27. Transfer Pricing (Michael W. Maher). 28. A Managerial Accounting Guide for Nonprofit Managers (Leslie G. Eldenburg and Naomi Soderstrom). 29. Introduction to Costs in Litigation (Elizabeth A. Evans). 30. The Historical Development of Management Accounting (Richard Vangermeersch and Henry R. Schwarzbach). 31. Corporate Scandals: The Accounting Underpinnings (Kathleen Fitzgerald and Roman L. Weil). Appendix: Compound Interest, Present Value, and Annuity Tables. Index.

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Book SynopsisBeginning early in the 19th century, the American missionary movement made slow headway in China. Alabamians became part of that small beachhead. After 1900 both the money and personnel rapidly expanded, peaking in the early 1920s. By the 1930s many American denominations became confused and divided over the appropriateness of the missionary endeavor. Secular American intellectuals began to criticize missionaries as meddling do-gooders trying to impose American Evangelicalism on a proud, ancient culture. By examining the lives of 47 Alabama missionaries who served in China between 1850 and 1950, Flynt and Berkley reach a different conclusion. Although Alabama missionaries initially fit the negative description of Americans trying to superimpose their own values and beliefs on heathen, they quickly learned to respect Chinese civilization. The result was a new synthesis, neither entirely southern nor entirely Chinese. Although previous works focus on the failure of Christianity to chanTrade ReviewIn one of the most balanced treatments of missionaries in China ever to appear in print, Wayne Flynt and Gerald Berkley present a scholarly but lively and engaging study of Alabama missionaries to China."" - Baptist History and Heritage""Students of the American South have long been indebted to Wayne Flynt for the masterful way he addresses the negative stereotypes associated with poverty. Now religious historians are also in his debt. In Taking Christianity to China: Alabama Missionaries in the Middle Kingdom, 1850–1950, Flynt and coauthor Gerald W. Berkley offer a fascinating, nuanced look at life on the Chinese mission field."" - Church History""This study provides new perspectives by which to assess missionary work in 19th- and 20th-century China as well as the impact of such efforts in the United States. Not only do the authors delineate the complexity and difficulty of such work in the field with little understanding back home, they also trace the creation of both negative and positive impressions of Chinese by Americans and of Americans by Chinese and the impact or lack of it on US foreign policy decisions."" - Adrian A. Bennett, Iowa State University""A well-researched, insightful, and informative piece of work."" - Alan Neely, Princeton Theological Seminary

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Book SynopsisA Practical Guide to Cost Engineering aims to show you how to work as a cost engineer out in the real world.Written by an experienced cost engineer and training program developer, this book introduces the practical side of cost management (cost estimation, cost reduction, and cost control) through real cases and realistic examples from a diverse range of engineering-based projects. With examples from nuclear, oil and gas, and renewable energy sectors, the book introduces and demonstrates the activities of the cost engineer throughout a project life cycle. The content is divided into logical sections covering basic concepts, cost estimation, cost control, economic feasibility, sustainability, and more, and the chapters are packed full of features such as definitions, formulas, exercises, and examples. The focus is on providing a practical approach where the reader can first understand a concept and then apply it using an Excel tool developed by the author which allows the reader to simulate different scenarios and results.The simple approach focusing on essential information backed up by practical scenarios presented in this book allows cost engineers and related professionals to execute and understand their activities, develop their professional skills, and even develop in-house training programs. A Practical Guide to Cost Engineering is accompanied by online resources, accessible via the Routledge Resource Centre wesbite.Table of Contents1. Introduction 2. Basic Concepts 3. Cost Estimate – Quick Methods 4. Cost Estimate – Detailed Method 5. Probabilistic Cost Estimate 6. Economic Costs 7. Economic Feasibility Study 8. Cost Control 9. Additional Topics 10. Sustainability and Cost Annex

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Book SynopsisSuitable for exams from September 2025 until August 2026

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Book SynopsisWith 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 Trade Review'This book is perfect for college students, those studying level 3 and 4 at AAT, as well as the operational levels at CIMA, or those on the fundamental ACCA courses.' (PQ Magazine, January 2014).Table of ContentsIntroduction 1 Part I: Getting Started with Management and Cost Accounting 7 Chapter 1: Planning and Control: The Role of Management Accounting 9 Chapter 2: Using Management Accounting in Your Business 27 Part II: Understanding and Managing Costs 45 Chapter 3: Classifying Direct and Indirect Costs 47 Chapter 4: Allocating, Apportioning and Absorbing Overhead 71 Chapter 5: Costing Products Flowing Through a Business 95 Chapter 6: Job Costing: Pricing Individual Orders 105 Chapter 7: Process Costing: Tracking What’s Produced and How Much it Costs 119 Chapter 8: Observing How Variable and Fixed Costs Behave 143 Part III: Planning and Budgeting 161 Chapter 9: Using Contribution Analysis to Make Better Decisions 163 Chapter 10: Decision-Making Within the Reality of Limited Capacity 189 Chapter 11: Deciding on Long-Term Purchases: Capital Budgeting 205 Chapter 12: Naming Your Price: Approaches to Decision-Making 229 Chapter 13: Doing Deals between Company Divisions: Transfer Prices 243 Chapter 14: Planning Budgets for the Future 259 Part IV: Using Management Accounting for Evaluation and Control 279 Chapter 15: Using Flexible Budgets to Exert Control 281 Chapter 16: Variance Analysis: Flexing Standard Costs 293 Chapter 17: Establishing Accountability with Responsibility Accounting 317 Chapter 18: The Balanced Scorecard: Reviewing Your Business’s Report Card 329 Chapter 19: Squeezing Out of a Tight Spot with the Theory of Constraints 347 Part V: The Part of Tens 357 Chapter 20: Ten Key Management Accounting Formulas 359 Chapter 21: Ten Careers in Management Accounting 371 Index 375

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Book SynopsisTake control of overhead, budgeting, and profitability with cost accounting Cost accounting is one of the most important skills in business, and its popularity as a course in undergraduate and graduate business and management programs speaks to its usefulness. But if you've ever felt intimidated by the subject's jargon or concepts, you can stop worrying. Cost accounting is for everyone! In Cost Accounting For Dummies, you'll be taken step-by-step through the basic and advanced topics found in a typical cost accounting class, from how to define costs and how to allocate them to products or services. You'll learn how to determine if a capital expenditure is worth it and how to design a budget model that forecasts changes in costs based on activity levels. Whether you're a student in your first cost accounting course or a professional trying to get a grip on your books, you'll benefit from: Simple methods to evaluate business risks and rewardsExplanations of how to manage and control costs during periods of business change and pivotsDescriptions of how to use cost accounting to price IT projectsCost Accounting For Dummies is the gold standard in getting a firm grasp on the challenging and rewarding world of cost accounting.Table of ContentsIntroduction 1 About This Book 1 Foolish Assumptions 2 Icons Used in This Book 2 Beyond the Book 3 Where to Go from Here 3 Part 1: Understanding the Fundamentals of Costs 5 Chapter 1: So You Want to Know about Cost Accounting 7 Comparing Accounting Methods 8 Considering your shareholders 8 Mulling over creditors 9 Addressing concerns of regulators 9 Using management accounting 9 Fitting in cost accounting 10 Using Cost Accounting to Your Advantage 11 Starting with cost-benefit analysis 11 Planning your work: Budgeting 12 Controlling your costs 12 Setting a price 13 Improving going forward 14 Chapter 2: Brushing Up on Cost Accounting Basics 17 Understanding the Big Four Terms 17 Comparing direct and indirect costs 18 Mulling over fixed and variable costs 20 Fitting the costs together 21 Covering Costs in Different Industries 22 Reviewing manufacturing costs 22 Considering costs for retailers 23 Adding up costs for e-commerce firms 23 Finding costs most companies incur 24 Why Are You Spending? Cost Drivers 25 Pushing equipment too hard and relevant range 25 Previewing inventoriable costs 26 Following the Rules of the Cost Accounting Road 27 Understanding generally accepted accounting principles (GAAP) 27 Deciding on accrual basis or cash basis 29 Finishing with conservatism 30 Chapter 3: Using Cost-Volume-Profit Analysis to Plan Your Business Results 31 Understanding How Cost-Volume-Profit Analysis Works 32 Calculating the breakeven point 32 Financial losses: The crash of your cash 34 Contribution margin: Covering fixed costs 35 Lowering the breakeven point to reach profitability sooner 36 Target net income: Setting the profit goal 37 Using operating leverage 38 Assessing e-commerce businesses 40 Timing is everything when it comes to costs 41 Using Cost-Volume-Profit Analysis to Make Savvy Business Decisions 42 Deciding to advertise 43 Lowering your price without losing your profit 44 Combining the results of two products 45 Costing and pricing a new product 48 The Tax Man Cometh, the Profits Goeth 51 Understanding pre-tax dollars 51 Adjusting target net income for income taxes 52 Chapter 4: Estimating Costs with Job Costing 53 Understanding How Job Costing Works 54 Cost objects: The sponges that absorb money 55 Charging customers for direct and indirect costs 56 Implementing job costing in manufacturing: An example 57 Deciding on costing for IT consulting projects 61 Taking a Closer Look at Indirect Costs using Normal Costing 64 Budgeting for indirect costs 65 Following a normal job costing system 66 Following the Flow of Costs through a Manufacturing System 67 Control starts with control accounts 67 Explaining the debit and credit process 68 Walking through a manufacturing cost example 70 Applying the methodology to other control accounts 73 Chapter 5: More Activity, More Cost: Activity-Based Costing 75 Avoiding the Slippery Peanut Butter Costing Slope 76 Recognizing a single indirect cost allocation 77 A fly in the peanut butter: Dealing with different levels of client activity 77 Missing the mark: Undercosting and overcosting 79 Designing an Activity-Based Costing System 81 Refining your approach 81 Grouping costs using a cost hierarchy 82 Testing your ABC design 83 Using Activity-Based Costing to Compute Total Cost, Profit, and Sale Price 87 Allocating indirect costs evenly by product 88 Analyzing and reallocating cost activities 88 Changing allocations to cost pools 89 Changing prices after ABC 90 Implementing ABC Costing for a Business Pivot 91 Deciding whether to pivot 92 Mulling over a pivot example 93 Using ABC Costing for a New Business Model 94 Considering sunk costs 94 Reviewing food and labor costs 95 Allocating new overhead costs 95 Applying ABC costing to overhead costs 96 Evaluating your results 98 Part 2: Planning and Control 99 Chapter 6: What’s the Plan, Stan? Budgeting for a Better Bottom Line 101 Brushing Up on Budgeting Basics 102 Seeing the master budget and its component parts 102 Why budgeting is important 103 Considering the costs and benefits of data collection 104 Leveraging AI and data analytics for effective budgeting 106 Planning strategically 107 Planning How to Plan: Factors That Impact Your Budgeting Process 108 Experience counts 109 Timing is everything 109 People get you headed in the right direction 110 Sales projections pay off 111 The Nuts and Bolts (and Washers) of Budgeting 112 Understanding the budgeting financials 113 Reviewing revenue and production budgets 116 Budgeting with Cash Accounting or Accrual Accounting 119 Cash basis accounting: Using your checkbook to budget 119 I accrue, you accrue, we all accrue with accrual accounting 121 Budgeting to Produce the Income Statement and Balance Sheet 122 The well-balanced balance sheet 122 The incredible income statement 123 Chapter 7: Constant Change: Variance Analysis 125 Variance Analysis and Budgeting 126 Using management by exception to recognize large variances 126 Seeing the problem in using a static budget 127 Opting for a flexible budget 131 Investigating budget variances 134 Analyzing in Material Price and Efficiency Variances 135 Applying price variances to direct materials 136 Applying efficiency variances to direct materials 137 Implementing price variances for direct labor 139 Sizing up efficiency variances for direct labor 139 Using Your Findings to Make Decisions 140 Following up on variances 141 Judging the effectiveness of your employees 143 Tying supply chain concepts to variance analysis 145 Attaching ABC costing concepts to variance analysis 145 Chapter 8: Focusing on Overhead Costs 149 Using Cost Allocation to Minimize Overhead 150 Paying for the Security Guard: Fixed Overhead Costs 151 Planning fixed overhead costs 151 Allocating fixed overhead costs 152 Assessing potential causes of fixed overhead variances 155 Those Vexing Variable Manufacturing Costs 156 Working with variable overhead costs 156 Implementing variance analysis 159 Finding the reasons for a variable overhead variance 161 Chapter 9: What’s on the Shelf? Inventory Costing 163 Working with Inventoriable Costs 164 Using the matching principle to calculate profit on sale 164 Erring on the conservative side 166 Costing Methods for Inventory 166 Using the first-in, first-out (FIFO) method 168 Accounting with the last-in, first-out (LIFO) method 169 Weighing the merits of weighted-average cost 170 Considering specific identification method 171 Analyzing profit using FIFO and LIFO 171 Using Variable and Absorption Costing to Allocate Fixed Manufacturing Costs 173 Defining period costs and product costs 174 Applying variable and absorption costing 175 Relating Capacity Issues to Inventory 177 Reviewing theoretical and practical capacity 178 Understanding capacity issues for e-commerce firms 179 Using normal and master-budget capacity 181 Choosing a capacity level 182 Part 3: Making Decisions 185 Chapter 10: Cost Drivers and Cost Estimation Methods 187 Working with Cost Behavior 188 Understanding linear and nonlinear cost functions 188 Discovering how cost drivers determine total costs 189 Considering Cost Estimation Methods 190 Walking through the industrial engineering method 190 Agreeing on the conference method 191 Reviewing the account analysis method 191 Checking out the quantitative analysis method 192 Choosing a cost estimation method 196 Exploring Nonlinear Cost Functions 197 Changing cost functions and slope co-efficients 198 Understanding the impact of quantity discounts 198 Assessing the Impact of Learning Curves 198 Considering how AI and Data Analytics Impact Learning Curves 200 Reviewing AI and data analytics 200 Throwing in the learning curve 200 Simplifying a procedure 201 Finding and using better data 201 Chapter 11: Making Smart Business Decisions with Relevant Information 203 Navigating the Geography of Relevance 204 Introducing the decision model 205 Applying a model to an equipment decision 206 Understanding IT purchasing issues 208 Considering relevant qualitative factors in decision-making 210 Special Orders Don’t Upset Us, Do They? 211 Deciding between Outsourcing and In-house Production 213 Weighing opportunity costs 217 Contemplating the carrying cost of inventory 218 Maximizing Profit When Capacity Is Limited 220 Managing capacity and product mix 220 Analyzing customer profit and capacity 222 Chapter 12: Making Smart Pricing Decisions: Figuring Total Costs 227 Understanding Influences on Prices 228 Customers 228 Competitors 228 Suppliers 229 Special orders 229 Pricing for Profits Down the Road 231 Reviewing market-based and cost-based pricing 231 Aiming at the target: Target costing 232 Arriving at a Reasonable Profit 236 Using cost-plus pricing 237 Using product life-cycle budgeting 239 Managing IT product costs and pricing 245 Part 4: Allocating Costs and Resources 249 Chapter 13: Analysis Methods to Improve Profitability 251 Processing Cost Allocation 252 Why bother? Purposes of cost allocation 252 Justifying cost allocation decisions 253 Implementing Cost Allocation 254 Using cost hierarchy to allocate costs 254 Allocating tricky corporate costs 256 Keeping track of customer revenues and costs 260 Going Over Sales Mix and Sales Quantity Variances 264 Remembering variances and contribution margin 265 Getting the story about sales mix variance 265 Calculating sales quantity variance 269 Chapter 14: Behind the Scenes: Accounting for Support Costs and Common Costs 271 Not Everyone Generates Revenue: Support Costs 272 Introducing single rate cost allocation method 272 Checking out dual rate cost allocations 275 Using practical capacity to determine cost allocation rates 277 Going Over Variance Analysis and Department Costs 281 Choosing budgeted versus actual rate of usage 281 Implications for the rate of usage selected 284 Allocating to multiple departments 285 Focusing on Common Costs 290 Mulling over stand-alone cost allocation 290 Stepping up to incremental cost allocation 291 Making a Commitment: Contracts 292 Contracting with the government 292 Thinking about reasonable and fair costs 293 Chapter 15: Joint Costs, Separable Costs, and Using Up the Leftovers 295 Working with Joint Costs 296 Explaining joint cost terms 296 Appreciating the importance of allocating joint costs 297 Considering joint cost allocation methods 298 Continuing Production: Computing Separable Costs After Splitoff 301 Exploring the net realizable value method 301 Introducing the constant gross margin percentage NRV method 303 Choosing a Joint Cost Allocation Method 308 Making the case for sales value at splitoff 308 Falling back to other joint costing methods 308 Deciding to sell or process further 309 Holding a Garage Sale: Making the Most of Byproducts 310 Chapter 16: Tracing Similar Products with Process Costing 313 Process Costing: Presenting the Basic Approach 314 Leading off with direct material costs 314 Following up with conversion costs 315 Sitting on the Factory Floor: Dealing with Work in Process 315 Using Equivalent Units to Compare Apples to Apples 316 Counting the units for equivalent units 317 Hunting down the total costs of production 318 Putting units and costs together 319 Seeing different percentages of completion 321 Using the Weighted Average Method for Process Costing 325 Handling beginning work in process 325 Continuing with equivalent units 326 Introducing the First In, First Out Method of Process Costing 328 Comparing Processing Costing Methods 331 Mulling over weighted average and FIFO methods 331 Debating transferred-in costs 333 Part 5: Considering Quality Issues 335 Chapter 17: What a Waste! Getting the Most from Spoilage, Scrap, and Reworked Products 337 Accounting for Waste 338 Determining the inspection point 338 Understanding spoilage and scrap 338 Spoilage and process costing 341 Reworking a product to recoup some profit 346 Applying Process Costing Methods to Spoilage 346 Weighing in on the weighted average costing method 347 Doing the FIFO Hokey Pokey: Put your first in first, take your first out first 349 Job Costing for Spoilage, Reworked Products, and Scrap 352 Making adjustments for normal and abnormal spoilage 352 Reworking and selling a product 355 Making allocation decisions about scrap 357 Chapter 18: Making Smart Ordering Decisions 359 Considering the Costs of Inventory 360 Going through the ordering sequence 361 Taking a closer look at stockout costs 362 Calculating Inventory Quantity with the Economic Order Quantity Formula 363 Figuring a Favorable Reorder Point 365 Introducing safety stock: Creating a cushion 366 Computing safety stock 366 Evaluating Prediction Error 367 Calculating relevant total costs 367 Acting on a prediction error 369 Buying more and ignoring EOQ 370 Practicing Just-In-Time Purchasing 371 Kicking around JIT benefits and risks 371 Putting in a JIT purchasing system 373 Adjusting total purchasing cost 376 SCM and Customer Demand Issues 377 Pulling apart the supply chain 378 Analyzing demand 378 Chapter 19: Quality: Building a Better Mousetrap 381 Considering Quality Benefits and Costs 382 Listing the benefits of quality 382 Listing the costs of quality 383 Taking steps to ensure quality 384 Compiling a Cost of Quality Report 385 Putting Quality Practices in Place 387 Quality in job costing 387 Taking a spin through inventory 388 Customer Satisfaction: Measuring and Improving It 389 Customer satisfaction’s non-financial measurements 389 Is measuring customer satisfaction worth the effort? 391 Doing More in Less Time 392 Analyzing performance related to time 392 Calculating average waiting time 394 Adding in manufacturing lead-time 395 Eliminating the Constraint of the Bottleneck 396 Fewer bottlenecks mean increased contribution margin 396 Clearing bottlenecks 397 Part 6: The Part of Tens 401 Chapter 20: Ten Common Costing Mistakes and How to Avoid Them 403 Pricing a Product Incorrectly 403 Listing Fixed Costs As Variable Costs 404 Labeling Period Costs As Product Costs 404 Misusing Target Net Income 404 Forgetting About Taxes 405 Assigning Costs to the Wrong Product 405 Not Reviewing Variances Correctly 406 Redlining: Pushing Production Activity Above Relevant Range 406 Ignoring the Timing of Costs 407 Not Implementing Activity-Based Costing 407 Chapter 21: Ten Ways to Increase Profits Using Costing 409 Selling More Of The Right Products 409 Implementing Sales Mix Analysis to Increase Total Profits 410 Building a Higher Margin of Safety 410 Deciding How Much You Need: Production and Scheduling Issues 410 Who Does What: Handling Costs and Employee Issues 411 Reducing and Managing Scrap 411 Moving It off the Shelf: Inventory Issues 411 Effectively Taking Special Orders 412 Making Accurate Cost Allocations 412 Addressing the Issue of Spoilage 412 Index 415

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Book SynopsisPerformance management is key to the ongoing success of any organisation, allowing it to meet its strategic objectives by designing and implementing management control systems. This book goes beyond the usual discussion of performance management in accounting and finance, to consider strategic management, human behaviour and performance management in different countries and contexts. With a global mix of world-renowned researchers, this book systematically covers the what, the who, the where and the why of performance management and control (PMC) systems. A comprehensive, state-of-the-art collection edited by a leading expert in the field, this book is a vital resource for all scholars, students and researchers with an interest in business, management and accounting.Trade Review"Performance management and control is an important and rapidly-evolving field; this companion combines extensive literature surveys and stimulating new material to provide a wide-ranging guide to recent developments that will be of great interest to students, practitioners, new researchers and established scholars looking for further insights." – Brian A Rutherford, Emeritus Professor of Accounting, Kent Business School, University of Kent, UK"This edited book is great reading for people who want to learn about the latest developments in performance management and control. The quality of the contributors to the book is outstanding." – Antonio Dávila, Professor of Entrepreneurship and Accounting and Control, IESE Business School, University of Navarra, SpainTable of Contents1. Introduction to performance management and control Elaine Harris Part I: Design of performance management and control systems 2. Management control systems: theory and lessons from practice David Dugdale 3. Kyocera's use of amoeba management as a performance management system: why it works? Ralph W. Adler 4. Cost management and modular product design strategies Marc Wouters and Frank Stadtherr 5. Composite measures in performance measurement Paul Rouse and Julie Harrison 6. External influences on metrics – regulation and industry benchmarks Liz Warren and Karen Brickman 7. The cloud and management accounting and control Martin Quinn and Erik Strauss 8. Leveraging big data for organizational performance management and control Damminda Alahakoon and Piyumini Wijenayake Part II: People and management control 9. The role of the finance professional in performance management and control Pascal Nevries and Rick Payne 10. The role of strategic planning: a case study in UK higher education Elaine Harris and Mark Ellul 11. Managing ambiguity: changes in the role of the chief risk officer in the UK’s financial services sector Annette Mikes and Maria Zhivitskaya 12. Behavioural performance-management practices: current status and future research Xuan Thuy Mai and Zahirul Hoque 13. Accounting for the immaterial: the challenge for management accounting David Carter 14. The (ir)relevance of performance measures to performance management? Lin Fitzgerald, Rhoda Brown, Ian Herbert, Ruth King and Laurie McAulay 15. Leadership and control Craig Marsh Part III: PMC in different contexts 16. Theorising management accounting practices in less developed countries Chandana Alawattage, Danture Wickramasinghe and Shahzad Uddin 17. Performance measurement and supply chain management Tony Mancini, Maria Argyropoulou and Rachel Argyropoulou 18. AirAsia: towards a 'new world' carrier strategy and implications for performance management system design Ralph Adler, Carolyn Stringer, Paul Shantapriyan and Georgia Birch 19. Comparative insights into management control practices in two Sri Lankan banks in the public and private sectors Tharusha Gooneratne and Zahirul Hoque 20. Performance measurement in SMEs Robin Jarvis 21. In search of hospitality: theoretical and practical issues in performance measurement and management in hotels Ruth Mattimoe and John Paul Tivnan 22. The role of performance management systems in non-government organizations (NGOs) Rob Chenhall, Matt Hall and David Smith 23. Performance management in the public sector: the case of the English ambulance service Geoffrey Heath, James Radcliffe and Paresh Wankhade 24. Management control systems research in the public higher education sector: current status and future research agenda Chaturika Seneviratne and Zahirul Hoque Part IV: PMC research: the lens through which PMC may be viewed 25. Researching performance management: an actor-reality perspective Will Seal 26. The nature and practice of interpretive accounting research Ivo De Loo and Alan Lowe 27. Research in performance management and control: the impact of reseach and the measurement of impact Jane Broadbent 28. PMC: entering a developing field Tony Berry and Elaine Harris

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Book SynopsisTable of Contents1. The Manager and Management Accounting 2. An Introduction to Cost Terms and Purposes 3. Cost–Volume–Profit Analysis 4. Job Costing 5. Activity-Based Costing and Activity-Based Management 6. Master Budget and Responsibility Accounting 7. Flexible Budgets, Direct-Cost Variances, and Management Control 8. Flexible Budgets, Overhead Cost Variances, and Management Control 9. Inventory Costing and Capacity Analysis 10. Determining How Costs Behave 11. Data Analytic Thinking and Prediction 12. Decision Making and Relevant Information 13. Strategy, Balanced Scorecard, and Strategic Profitability Analysis 14. Pricing Decisions and Cost Management 15. Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis 16. Allocation of Support-Department Costs, Common Costs, and Revenues 17. Cost Allocation: Joint Products and Byproducts 18. Process Costing 19. Spoilage, Rework, and Scrap 20. Balanced Scorecard: Quality and Time 21. Inventory Management, Just-in-Time, and Simplified Costing Methods 22. Capital Budgeting and Cost Analysis 23. Management Control Systems, Transfer Pricing, and Multinational Considerations 24. Performance Measurement, Compensation, and Multi-national Considerations

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Book SynopsisCost accounting is a branch of accounting that involves the identification, measurement, and analysis of the costs of products, services, or operations, with the aim of providing information for managerial decision-making, control, and planning purposes. This book provides a comprehensive introduction to the fundamental concepts and practices of cost accounting, including cost behavior, cost-volume-profit analysis, job costing, process costing, and activity-based costing. The book is designed to help students and professionals in the field of accounting understand how to measure and manage costs effectively. This book is an essential resource for anyone looking to enhance their knowledge and skills in cost accounting.Table of Contents Chapter 1 Introduction to Cost Accounting Chapter 2 Cost Behaviors Chapter 3 Cost Assignment Chapter 4 Activity-Based Costing Chapter 5 Job Order Costing Chapter 6 Process Costing Chapter 7 Marginal and Uniform Costing Chapter 8 Cost Analysis for Management Decision Making

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Book SynopsisThis book provides extensive insights and analysis into pricing models for autonomous manufacturing. Taking a cost engineering approach, it shows how businesses facing technological change can provide visibility to pricing sensitivity and maximize price, and profit in every transaction. The book pulls together the many elements of cost engineering; cost estimation, cost control, business planning and management, profitability analysis, cost risk analysis and project management, planning, and scheduling, and considers the many different approaches and methods for estimating or assessing costs. It aims to help companies with decision making, cost management, and budgeting with respect to product development, and highlights the importance of cost estimation during the early stages of product development. A discussion of appropriate pricing models is also included to determine the most effective course for handling operational costs in autonomous manufacturing systems in order to create a more productive and profitable system. Cost Engineering and Pricing in Autonomous Manufacturing Systems will provide new insights for researchers and students, as well as industrial practitioners interested in applied models which can be employed and implemented in real cases.Trade ReviewUsing a cost engineering approach, Fazlollahtabar and Saidi-Mehrabad show how businesses shifting to autonomous manufacturing can provide visibility to pricing sensitivity and maximize price and profit in every transaction. They cover concepts of costing and pricing in automation, cost parameters and costing models in autonomous manufacturing, cost engineering, cost and price, pricing models, and price optimization. The material could be useful to researchers, students, and practitioners seeking practical models to use in autonomous manufacturing. -- Annotation ©2019 * (protoview.com) *Table of ContentsChapter 1. Introduction Chapter 2. Concepts of costing in automation Chapter 3. Concepts of pricing in automation Chapter 4. Cost parameters and costing models in autonomous manufacturing Chapter 5. Cost engineering in autonomous manufacturing Chapter 6. Cost and price in autonomous manufacturing Chapter 7. Pricing models in autonomous manufacturing Chapter 8. Price optimization in autonomous manufacturing

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Book SynopsisBringing together a diverse team of renowned accounting scholars, this incisive Research Handbook presents a comprehensive evaluation of current research on nonprofit accounting, noting its major accomplishments and outlining opportunities for future study.The Research Handbook provides a broad overview of key topics related to accounting and financial reporting, including donor use of financial information, methods of measuring nonprofit performance, solvency and volunteer efforts, and the misuse and misstatements of accounting information. Chapters further examine a variety of oversight mechanisms, such as the roles of auditors, nonprofit boards, regulators, monitoring groups, taxes, and accounting standard-setters. With a central focus on the strengths and contributions of empirical archival, behavioural, and descriptive research methodologies, the Research Handbook ultimately considers fruitful avenues for future research.Presenting extensive analysis of nonprofit accounting research, this Research Handbook will prove an invaluable aid to students and scholars of accounting, management, business, economics, and public administration. Its expert integration of critical accounting research on colleges, foundations, and the healthcare sector will also benefit nonprofit managers, board members, regulators, charity monitors, and standard-setters.Trade Review‘Overall, this Research Handbook is recommended for graduate students and researchers new to nonprofit financial accounting. Most chapters include a helpful review of seminal literature and clearly indicate gaps in the literature that it would be helpful to fill. Readers studying the USA will find these resources to be comprehensive. Those out-side the USA will find value in the overview of dominant ideas in the existing literature and inspiration for their future research.’ -- Christopher N. Dougherty, VOLUNTAS: International Journal of Voluntary & Nonprofit Organizations‘As a volume of first rate research compiled by leading editors in the field, this Research Handbook is bound to help shape the future of nonprofit accounting.’ -- Vaughan Radcliffe, University of Western Ontario, Canada‘Dan Tinkelman and Linda Parsons have assembled a masterful collection of chapters on the state of nonprofit accounting research written by outstanding scholars. The Research Handbook conceives nonprofit accounting in broad and comprehensive terms, is cutting edge in its coverage, and very well written. It is an essential reference that belongs on the desk (or desktop) of serious nonprofit researchers and teachers, students of nonprofit management, and managers and leaders of nonprofit organizations.’ -- Dennis R. Young, Case Western Reserve University and Georgia State University, USTable of ContentsContents: 1 Introduction to accounting research on nonprofit organizations 1 Linda M. Parsons and Daniel Tinkelman PART I FINANCIAL ACCOUNTING AND REPORTING 2 Donor use of nonprofit financial information 12 Saleha B. Khumawala and Arpita A. Shroff 3 Nonprofit accounting choice 36 Thad D. Calabrese and Anubhav Gupta 4 Misuse, misunderstanding and misinterpretation of nonprofit accounting information 57 Jesse D. Lecy, Elizabeth A.M. Searing and Tianyi Li 5 Misleading financial reporting in nonprofit organizations 80 Qianhua “Q” Ling and Andrea Alston Roberts 6 Predicting nonprofit organizations’ financial distress 97 John M. Trussel 7 Nonprofit performance measurement 117 Colleen M. Boland and Erica E. Harris 8 Measuring volunteer inputs: telling the whole story 133 Laurie Mook 9 A window on the world of nonprofit accounting research 154 Oonagh B. Breen, Carolyn Cordery and Danielle McConville PART II OVERSIGHT OF NONPROFIT ORGANIZATIONS 10 Auditing nonprofit entities 174 Randal J. Elder and Alfred A. Yebba 11 Governance of nonprofit organizations 192 Christine Petrovits and Michelle Higgins Yetman 12 The impact of regulation and monitoring on nonprofit organizations 214 Daniel G. Neely, Gregory D. Saxton and Gajindra Maharaj 13 The taxation of nonprofit organizations: academic research and the unrelated business income tax 231 Robert J. Yetman 14 Encouraging not-for-profit accounting research that informs standard setting: a FASB-ulous opportunity 248 Jeffrey D. Mechanick and Tammy R. Waymire PART III SPECIAL TOPICS IN NONPROFIT ACCOUNTING 15 Accounting research on colleges and universities 269 Mary Fischer 16 Healthcare accounting research 291 Ge Bai, Satish Joshi and Ranjani Krishnan 17 Private foundations: past research and future opportunities 316 Arthur Allen and Brian McAllister PART IV FINDING AND USING DATA 18 Empirical archival data sources and data issues for nonprofit accounting research 339 Nancy Chun Feng and Janet S. Greenlee 19 Examining nonprofit accounting using behavioral research methods 360 Steve Buchheit, Linda M. Parsons and Kyle A. Smith 20 Descriptive nonprofit accounting research 381 Linda M. Parsons and Daniel Tinkelman 21 New data sources in nonprofit accounting and finance research 403 John G. McNutt 22 Not-for-profit financial statements: data sources by state 422 Tammy R. Waymire and Jeffrey D. Mechanick Index

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Book SynopsisRevised textbook for B.Com. and professional courses in accounting, covering new syllabus of Cost Accounting. Example-based with solved problems, review problems from professional exams, and insights provided at the end of each solution. Problems are interesting and arranged by difficulty level.

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Book SynopsisNow in its twelfth edition this text provides an in-depth and insightful analysis of the modern theories and practices of cost accounting. The text has been updated to acquaint readers with the latest developments and changes that have taken place; new chapters on Relevant Cost Analysis and Management Decisions and Capital Expenditure Decisions have been added; and a greater emphasis has been placed on cost management and decision-making.

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