Costing
7th Edition
Published on 10. October 2008
Book
Paperback/Softback
578 pages
978-1-84480-943-1 (ISBN)
Description
Costing gives a thorough understanding of the theory and practice of cost and management accounting. It is particularly suitable for its wide and systematic coverage of the professional cost accounting syllabuses, but is also suitable for introductory degree and diploma courses in business, accounting and finance.
The first part of Costing gives detailed coverage of the objectives, principles, techniques and methods of cost accounting relating to the analysis and gathering of costs and cost ascertainment. The second part focuses on the use of cost information for planning, control and decision-making. At each stage, concepts are illustrated by practical examples and placed into context so that the reader is aware of the importance and relationships of the various aspects of costing. Fundamental management accounting topics such as budgetary control, standard costing and marginal costing are also thoroughly explained.
The first part of Costing gives detailed coverage of the objectives, principles, techniques and methods of cost accounting relating to the analysis and gathering of costs and cost ascertainment. The second part focuses on the use of cost information for planning, control and decision-making. At each stage, concepts are illustrated by practical examples and placed into context so that the reader is aware of the importance and relationships of the various aspects of costing. Fundamental management accounting topics such as budgetary control, standard costing and marginal costing are also thoroughly explained.
Reviews / Votes
Section 1. 1. What is Cost Accounting? 2. The Framework of Cost Accounting. 3. Classification and Coding. 4. Materials - Purchasing, Reception and Storage. 5. Materials - Stock Recording and Inventory Control. 6. Materials - Pricing Issues and Stocks Assessment Section 1 Section 2. 7. Labour - Remuneration methods. 8. Labour - Recording, Costing and Allied Procedures. 9. Overheads. 10. Cost Accounts. Assessment Section 2. Section 3. 11. Cost Accounting methods - Introduction. 12. Cost Accounting methods - Job and Batch costing. 13. Cost Accounting methods - Contract costing. 14. Cost Accounting methods - Operation and Service costing. 15. Cost Accounting methods - Process costing. 16. Cost Accounting methods - Joint product and by-product costing Assessment. Assessment Section 3. Section 4. 17. Planning, Control and Decision Making. 18. Cost behaviour. 19. Variable (or marginal) and Absorption Costing. 20. Short-Run Decision Making. 21. Break-Even Analysis. 22. Capital Investment Appraisal. Assessment Section 4. Section 5. 23. Budgets. 24. Standard Costing - Introduction. 25. Standard Costing - variance analysis (Material, labour and overheads). 26. Standard Costing - variance analysis (Sales and Standard Marginal costs). 27. Uniform costing. 28. Cost Accounting and Computers. Assessment Section 5. Case Exercises. Table A. Present Value Factors. Table B. Present Value Annuity Factors. Examination Technique. Solutions to Exercises and Examination Questions set at end of chapters. Index.More details
Edition
7th edition
Language
English
Place of publication
London
United Kingdom
Target group
College/higher education
Professional and scholarly
Product notice
Paperback (trade)
Dimensions
Height: 246 mm
Width: 189 mm
Thickness: 30 mm
Weight
1048 gr
ISBN-13
978-1-84480-943-1 (9781844809431)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Terry Lucey has been an accountant and consultant in industry and has had over 20 years' examining and teaching experience at all levels of professional studies and for diploma and degree courses in business studies. He was previously Head of Department of Business Studies at the University of Wolverhampton and Visiting Fellow at Aston Business School, Aston University.
Content
Section 1.
1. What is Cost Accounting?
2. The Framework of Cost Accounting.
3. Classification and Coding.
4. Materials - Purchasing, Reception and Storage.
5. Materials - Stock Recording and Inventory Control.
6. Materials - Pricing Issues and Stocks
Assessment Section 1
Section 2.
7. Labour - Remuneration methods.
8. Labour - Recording, Costing and Allied Procedures.
9. Overheads.
10. Cost Accounts.
Assessment Section 2.
Section 3.
11. Cost Accounting methods - Introduction.
12. Cost Accounting methods - Job and Batch costing.
13. Cost Accounting methods - Contract costing.
14. Cost Accounting methods - Operation and Service costing.
15. Cost Accounting methods - Process costing.
16. Cost Accounting methods - Joint product and by-product costing Assessment.
Assessment Section 3.
Section 4.
17. Planning, Control and Decision Making.
18. Cost behaviour.
19. Variable (or marginal) and Absorption Costing.
20. Short-Run Decision Making.
21. Break-Even Analysis.
22. Capital Investment Appraisal.
Assessment Section 4.
Section 5.
23. Budgets.
24. Standard Costing - Introduction.
25. Standard Costing - variance analysis (Material, labour and overheads).
26. Standard Costing - variance analysis (Sales and Standard Marginal costs).
27. Uniform costing.
28. Cost Accounting and Computers.
Assessment Section 5.
Case Exercises.
Table A. Present Value Factors.
Table B. Present Value Annuity Factors.
Examination Technique.
Solutions to Exercises and Examination Questions set at end of chapters.
Index.
1. What is Cost Accounting?
2. The Framework of Cost Accounting.
3. Classification and Coding.
4. Materials - Purchasing, Reception and Storage.
5. Materials - Stock Recording and Inventory Control.
6. Materials - Pricing Issues and Stocks
Assessment Section 1
Section 2.
7. Labour - Remuneration methods.
8. Labour - Recording, Costing and Allied Procedures.
9. Overheads.
10. Cost Accounts.
Assessment Section 2.
Section 3.
11. Cost Accounting methods - Introduction.
12. Cost Accounting methods - Job and Batch costing.
13. Cost Accounting methods - Contract costing.
14. Cost Accounting methods - Operation and Service costing.
15. Cost Accounting methods - Process costing.
16. Cost Accounting methods - Joint product and by-product costing Assessment.
Assessment Section 3.
Section 4.
17. Planning, Control and Decision Making.
18. Cost behaviour.
19. Variable (or marginal) and Absorption Costing.
20. Short-Run Decision Making.
21. Break-Even Analysis.
22. Capital Investment Appraisal.
Assessment Section 4.
Section 5.
23. Budgets.
24. Standard Costing - Introduction.
25. Standard Costing - variance analysis (Material, labour and overheads).
26. Standard Costing - variance analysis (Sales and Standard Marginal costs).
27. Uniform costing.
28. Cost Accounting and Computers.
Assessment Section 5.
Case Exercises.
Table A. Present Value Factors.
Table B. Present Value Annuity Factors.
Examination Technique.
Solutions to Exercises and Examination Questions set at end of chapters.
Index.