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Overview
For over thirty years, Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his textbooks.
Now in its ninth edition, Cost and Management Accounting continues to provide an accessible and thorough introduction to the subject. It blends theory and practice in language that is clear and easy to understand and provides students with a thorough introduction to cost and management accounting whether they are studying an accountancy or business undergraduate course, or a post-experience course.
The new edition has been completely updated to reflect recent developments in the field, and now includes additional emphasis on value creation, and links strategic performance management more closely to divisional financial performance measurement.
- Updated and revised chapters, to reflect the recent developments in management accounting.
- Updated Real World Views, demonstrating the theory in practice and the practical application of accounting in companies around the world.
- Worldwide examples provide understanding of global issues.
- New assessment material has been added to the end-of-chapter questions.
- A wide range of topics and examples are covered which help to provide students with a thorough introduction to cost and management accounting.
- Worked examples throughout guide students in solving problems using the theories discussed.
- The inclusion of real life applications that help students to define and understand complex theoretical concepts.
- Engaging worldwide examples and Real World Views throughout every chapter assist students with developing clear links between theory and practice.
- Extensive end-of-chapter assessment questions with variant difficulty levels provide students with an excellent opportunity to reinforce and practice what they have learned.
1. Introduction to management accounting
2. An introduction to cost terms and concepts
Part 2: Cost accumulation for inventory valuation and profit measurement
3. Accounting for direct costs
4. Cost assignment for indirect costs
5. Accounting entries for job-order costing system
6. Process costing
7. Joint and by-product costing
8. Income effects of alternative cost accumulation systems
Part 3: Information for decision-making
9. Cost-volume-profit analysis
10. Cost estimation and cost behaviour
11. Measuring relevant costs and revenues for decision-making
12. Activity-based costing
Part 4: Information for planning, control and performance measurement
13. The budgeting process
14. Management control systems
15. Standard costing and variance analysis