Management and cost accounting. (2019)

• Record Type: Book
• Further Information: Note: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan.
• Authors: Bhimani, Alnoor; Datar, Srikant M; Horngren, Charles T, 1926-2011; Rajan, Madhav V
• Contents: Front Cover; Half Title Page; Title Page; Copyright Page; Brief Contents; Contents; Guide to the case studies; Preface; Authors' acknowledgements; Publisher's acknowledgements; PART I Management and cost accounting fundamentals; CHAPTER 1 The manager and management accounting; Management accounting, financial accounting and cost accounting; Accounting systems and management controls; Costs, benefits and context; Value creation; Digitalisation: management accounting's most important challenge Concepts in action: How the Internet of Things, artificial intelligence and big data make the unknown visible at Rolls-RoyceSummary; Appendix: Professional ethics; Key terms; References and further reading; Assessment material; CHAPTER 2 An introduction to cost terms and purposes; Costs in general; Direct costs and indirect costs; Cost drivers and cost management; Cost behaviour patterns: variable costs and fixed costs; Total costs and unit costs; Concepts in action: Reducing fixed costs and managing profit growth at Porsche; Financial statements, business sectors and the recognition of costs The many meanings of product costsClassification of costs; Summary; Key terms; References; Assessment material; CHAPTER 3 Job costing; The building block concept of costing systems; Job-costing and process-costing systems; Job costing in service organisations using actual costing; Normal costing; Job costing in manufacturing; An illustration of a job-costing system in manufacturing; Budgeted indirect costs and end-of-period adjustments; Summary; Key terms; Reference; Assessment material; CHAPTER 4 Process costing; Illustrating process costing Case 1: Process costing with no opening or closing work-in-progress stockCase 2: Process costing with no opening but a closing work-in-progress stock; Case 3: Process costing with both some opening and some closing work-in-progress stock; Weighted-average method; First-in, first-out method; Comparison of weighted-average and FIFO methods; Concepts in action: ExxonMobil and accounting differences in the oil patch; Standard-costing method of process costing; Transferred-in costs in process costing; Concepts in action: Hybrid costing for customised products at Levi Strauss Hybrid-costing systemsConcepts in action: Hybrid costing for Under Armour 3D-printed shoes; Summary; Appendix: Operation costing; Key terms; Reference; Assessment material; CHAPTER 5 Cost allocation; Purposes of cost allocation; Cost allocation and costing systems; Indirect-cost pools and cost allocation; Allocating costs from one department to another; Allocating costs of support departments; Support department cost-allocation methods; Allocating common costs; Cost-allocation bases and cost hierarchies; Is the product-costing system broken?; Summary; Key terms; References and further reading
• Edition: Seventh edition
• Publisher Details: Harlow, United Kingdom : Pearson
• Publication Date: 2019
• Copyright Date: 2019
• Extent: 1 online resource (xxviii, 841 pages), illustrations
• Subjects: 657/.42; Cost accounting; Managerial accounting; Cost accounting; Managerial accounting; Electronic books
• Languages: English
• ISBNs: 9781292232676; 1292232676; 9781292232683; 1292232684
• Related ISBNs: 9781292232669; 1292232668
• Notes: Note: Electronic resource.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.