Cost Accounting

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 Accounting
• Basic Concepts of Cost Accounting
• Product and Service Costing
• Cost-Center Accounting
• Cost-Type Accounting
• Cost Functions and Determining Cost Behavior
• Profit and Loss Calculation
• Cost-Volume Profit Analysis
• Cost and Revenue Information for Operational Decisions
• Standard Costing and Variance Analysis
• Grenzplankostenrechnung (GPK)
• Activity-Based Costing
• Target Costing
• Budgeting
• Transfer Pricing

Readership: Academics and students interested in cost accounting and finance.