Synopses & Reviews
The market leading Principles of Cost Accounting, 12E offers a thorough, but concise, understanding of cost concepts, cost behavior, and cost accounting techniques applicable to manufacturing and service businesses. Readers will learn how to accurately determine the costs of products and services; use the knowledge of product and service costs to set selling prices, to bid on contracts, and to analyze the relative profitability of various products and services. Techniques will be demonstrated on how to measure the performance of managers and subunits within an organization; design an accounting system to fit the production and distribution system of an organization; and use the accounting system as a tool to motivate managers towards the organization's goals.
Synopsis
Save time with PRINCIPLES OF COST ACCOUNTING! This cost accounting textbook provides a thorough but concise understanding of cost concepts, cost behavior, and cost accounting techniques as applied to manufacturing and service businesses. Studying and reviewing the material is made easy with built-in textbook tools, including demonstration problems at the end of each chapter and integrated learning objectives. And the textbook makes it easy to see how you will use the content in the business world through its inclusion of real-world examples and trends.
Synopsis
This book provides readers with a thorough, but concise, understanding of concepts, behavior, and accounting techniques applicable to manufacturing cost systems.
About the Author
Edward J. Vanderbeck has been a professor of accounting for thirty years and Chair of the Department of Accountancy at Xavier University, Cincinnati, Ohio, for twenty-two years. Before retiring in 2008, Professor Vanderbeck specialized in teaching cost accounting to accounting majors and managerial accounting to undergraduate and MBA students. He has taught at the two-year college level at SUNY --Delhi. He has a BA in accounting from SUNY--Binghamton and an MS in business administration from SUNY--Albany. He is licensed as a CPA (inactive) in the state of Ohio. Professor Vanderbeck has worked as an internal revenue agent, performed a faculty internship at what was formerly the Big Eight accounting firm of Touche-Ross. He has served as a developmental editor and marketing manager for accounting publications with South-Western. Professor Vanderbeck is an avid tennis player and a student of casino gaming strategies.
Table of Contents
1. Introduction to Cost Accounting. 2. Accounting for Materials. 3. Accounting for Labor. 4. Accounting for Factory Overhead. 5. Process Cost Accounting -- General Procedures. 6. Process Cost Accounting -- Additional Procedures: Accounting for Joint Products and By-Products. 7. The Master Budget and Flexible Budgeting. 8. Standard Cost Accounting - Materials, Labor and Factory Overhead. 9. Cost Accounting for Service Businesses. 10. Cost Analysis and Management Decision Making.