Principles of Cost Accounting [antikvár]

Preface I have written this cost accounting textbook to allow instructors flexibility in the chapter material they use. My approach, which emphasizes different costs for différent purposes, helps students understand the importance of professional judgment in choosing the most appropriate cost concept for specific situations. The first 11 chapters discuss cost accounting principles and concepts concerned with cost collection—factors that influence such managerial decisions as sales price determination. The last part of the book emphasizes the application of cost principles and quantitative tools to decision making. This book explains concepts and principles of cost accounting in a clear, concise, and straightforward manner. Discussions are supported by extensive examples. Because the text is adaptable, it can be used by instructors with different teaching objectives and instructional methods. The book's organization allows instructors a great deal of flexibility in selecting chapters to meet the objectives of their course. The first 12 chapters are ideal for an introductory course in cost accounting. If, in a later course, instructors want to emphasize the application of cost concepts and quantitative methods to decision making, they can easily select relevant material from the latter half of this textbook. The mix of assignment material includes questions that review concepts and procedures, exercises that review the basics, problems of varying difficulty that enhance the learning process, and relevant cases that illustrate the practical problems associated with concept implementation. Exercises and problems cover the applications of concepts and principles. Most exercises are simple and represent direct applications of the basic concepts. Problems are extensive and cover the concepts in greater depth. The cases are thought-provoking and designed to stimulate class discussion. I introduce students to the need for and use of cost information in planning and control in Chapter 1. The code of ethics of management cost accountants is also presented so students can gain better understanding of the important, complex role cost accountants assume. Cases involving this conduct are introduced in Chapter 1 to expose students to the "real world environment" of cost accounting.