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Cost Accounting For Dummies(R) [Paperback]

Kenneth Boyd

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Price: 17.16 & FREE Delivery in the UK. Details
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Book Description

5 Mar 2013 For Dummies
The easy way to get a grip on cost accounting Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors. Cost Accounting For Dummies tracks to a typical cost accounting course and provides in–depth explanations and reviews of the essential concepts you′ll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecast changes in costs based on expected activity levels; and much more. Tracks to a typical cost accounting course Includes practical, real–world examples Walks you though homework problems with detailed, easy–to–understand answers If you′re currently enrolled in a cost accounting course, this hands–on, friendly guide gives you everything you need to master this critical aspect of accounting.

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Cost Accounting For Dummies(R) + Financial Accounting For Dummies (UK Edition) (For Dummies (Business & Personal Finance))
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From the Back Cover

Learn to: Master important cost accounting concepts Apply your skills with real-world examples Score your highest in a cost accounting course Get a grip on cost accounting? Easy. Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecasts changes in costs based on expected activity levels; and more. Cost Accounting 101 — find out how cost accounting relates to other areas of accounting, which types of costs are most important, and step-by-step explanations on cost-volume-profit and activity-based costing Plan for it — take a stroll through the budgeting process, analyze the differences between your budget and actual results using variances, and get the lowdown on overhead costs Make good decisions — get the scoop on cost drivers — and how they determine product price — to make good decisions in running a business Take action — discover how to allocate costs, analyze business profitability, use shared resources, and more Open the book and find: Cost accounting terms and their purposes How to use cost-volume-profit analysis The hows and whats of activity-based costing Why budgeting is important The concept of relevance in cost accounting Considerations for process costing How to search for measures of quality

About the Author

Ken Boyd is a former CPA with over 27 years of experience in accounting, education, and financial services. Ken is the owner of St. Louis Test Preparation (www.stltest.net). He provides online tutoring in accounting and finance to both undergraduate and graduate students.

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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com: 4.2 out of 5 stars  15 reviews
4 of 4 people found the following review helpful
5.0 out of 5 stars Excellent book! 9 Mar 2013
By Barry Schoenborn - Published on Amazon.com
Format:Paperback|Verified Purchase
What a difference this book makes! I've been in business over 25 years, but didn't have any real understanding of cost accounting. This book makes everything much clearer. I learned things I should have grasped years ago.

It's well written, with lots of detail. And, because it's a For Dummies book, you can count on a direct, simple approach to all topics, and a lot of light moments. I own about 20 For Dummies books and I'm never disappointed.

Whether you're in manufacturing, retail, or service, this is a good book for you.
3 of 3 people found the following review helpful
4.0 out of 5 stars Well structured, simple & clear text & graphics 26 Jun 2013
By Eugene Tenenbaum - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
The ISBN 1118453808 (Cost Accounting For Dummies, 1st ed.) is a very well published and competent textbook for beginners. Though without difficult technical aspects, it is still a broad introduction to cost accounting. It is very well written and illustrated in black and white, easy to understand by non-professionals despite its apparent technicality, up to date, and - as such - it belongs in every public library. The book's simplicity and clarity are paramount.

Its 384 pages are clearly divided into 6 parts, 21 chapters, and very short topics. The topics are divided into short paragraphs, and contain highlights and summaries giving the book the properties of a handbook as well as of a reference. Thus, after the initial reading, it can be used just for browsing of only the important points. The tables are minimalist, understandable, and important text is boldfaced allowing to easily grasp the pages at 1st glance.

Approx. 97 pages of the book are shown by the Amazon.com's "LOOK INSIDE!" function. What cannot be seen is that the book is well printed on only decent paper, and the flimsy soft covers, which are typical for the series, are prone to creasing.
3 of 3 people found the following review helpful
4.0 out of 5 stars Great introduction to Cost Accounting 8 April 2013
By Hoppaguy - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
I have a finance background and my accounting experience geared more towards the financial reporting side. For my current job, I had to learn some basic cost accounting concepts and read a couple of books on the subject. I like Dummies books in general and this one did not fail me in that it was the most understandable of all of the books that I read. The beginning of the book covers topics such as direct and indirect costs but then goes into more advanced cost accounting concepts such as job costing and activity based costing which there are whole textbooks dedicated to these topics. These 2 concepts were the main reason why I got this book and I was satisfied that I had a pretty good understanding after reading these sections. The rest of the book goes onto inventory costing and other planning and control concepts related to cost accounting.
1 of 1 people found the following review helpful
5.0 out of 5 stars Great Publication 13 Oct 2013
By Mauries - Published on Amazon.com
Format:Paperback|Verified Purchase
Excellent little book. It explains cost accounting in a simple, easy to understand way. Probably better if you have some background in accountancy but not an essential requirement. Recommend
1 of 1 people found the following review helpful
5.0 out of 5 stars Must Have for anyone in Manufacturing! 23 May 2013
By C. Park - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
So, I work at a manufacturing facilit where I do lot of cost analysis and measure efficiencies. I have MBA from a top tier school and I decided to pick this up as a light read just to see if there's anything I can learn. Let me tell you, even I found myself learning again from reading this book. It explains things well, and i found that it contains all the basis and fundamentals of cost accounting. It was a great refresher! If you do not have accounting or finance background, this will be your Bible!
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