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Cost Accounting For Dummies 2nd Edition

Autor K Boyd
en Limba Engleză Paperback – 3 apr 2022
Take 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 rewards
  • Explanations of how to manage and control costs during periods of business change and pivots
  • Descriptions of how to use cost accounting to price IT projects

Cost Accounting For Dummies is the gold standard in getting a firm grasp on the challenging and rewarding world of cost accounting.

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Specificații

ISBN-13: 9781119856023
ISBN-10: 1119856027
Pagini: 448
Dimensiuni: 187 x 234 x 28 mm
Greutate: 0.73 kg
Ediția:2nd Edition
Editura: Wiley
Locul publicării:Hoboken, United States

Descriere

Take 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 rewards
  • Explanations of how to manage and control costs during periods of business change and pivots
  • Descriptions of how to use cost accounting to price IT projects

Cost Accounting For Dummies is the gold standard in getting a firm grasp on the challenging and rewarding world of cost accounting.


Notă biografică

Ken Boyd is Co-Founder of Accountinged.com and owns St. Louis Test Preparation. He tutors and coaches people on the principles of accounting and prepares them for challenging accounting licensing exams by making accounting interesting and fun.

Cuprins

Introduction 1 Part 1: Understanding the Fundamentals of Costs 5 Chapter 1: So You Want to Know about Cost Accounting 7 Chapter 2: Brushing Up on Cost Accounting Basics 17 Chapter 3: Using Cost-Volume-Profit Analysis to Plan Your Business Results 31 Chapter 4: Estimating Costs with Job Costing 53 Chapter 5: More Activity, More Cost: Activity-Based Costing 75 Part 2: Planning and Control 99 Chapter 6: What's the Plan, Stan? Budgeting for a Better Bottom Line 101 Chapter 7: Constant Change: Variance Analysis 125 Chapter 8: Focusing on Overhead Costs 149 Chapter 9: What's on the Shelf? Inventory Costing 163 Part 3: Making Decisions 185 Chapter 10: Cost Drivers and Cost Estimation Methods 187 Chapter 11: Making Smart Business Decisions with Relevant Information 203 Chapter 12: Making Smart Pricing Decisions: Figuring Total Costs 227 Part 4: Allocating Costs and Resources 249 Chapter 13: Analysis Methods to Improve Profitability 251 Chapter 14: Behind the Scenes: Accounting for Support Costs and Common Costs 271 Chapter 15: Joint Costs, Separable Costs, and Using Up the Leftovers 295 Chapter 16: Tracing Similar Products with Process Costing 313 Part 5: Considering Quality Issues 335 Chapter 17: What a Waste! Getting the Most from Spoilage, Scrap, and Reworked Products 337 Chapter 18: Making Smart Ordering Decisions 359 Chapter 19: Quality: Building a Better Mousetrap 381 Part 6: The Part of Tens 401 Chapter 20: Ten Common Costing Mistakes and How to Avoid Them 403 Chapter 21: Ten Ways to Increase Profits Using Costing 409 Index 415