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Cost Accounting For Dummies, 2ed

Kenneth W. Boyd

ISBN: 9789357460446

INR 899

For more information write to us at: acadmktg@wiley.com

Description

Cost Accounting For Dummies 2e will track to an entry-level college cost accounting course. It is the perfect resource for accounting students who need a little extra Dummies knowledge to pass their class. Learn the difference between fixed and variable costs. Answer practice questions. Read real-world examples to get the best understanding of various aspects of this specialty. With help from Dummies, it's never been easier to create a budget for all your business's costs. 

Introduction

About This Book  

Foolish Assumptions  

Icons Used in This Book  

Beyond the Book  

Where to Go from Here  

Part 1: Understanding the Fundamentals of Costs 

Chapter 1: So You Want to Know about Cost Accounting 

  • Comparing Accounting Methods  
  • Considering your shareholders  
  • Mulling over creditors  
  • Addressing concerns of regulators  
  • Using management accounting  
  • Fitting in cost accounting  
  • Using Cost Accounting to Your Advantage  
  • Starting with cost-benefit analysis  
  • Planning your work: Budgeting  
  • Controlling your costs  
  • Setting a price  
  • Improving going forward  

Chapter 2: Brushing Up on Cost Accounting Basics 

  • Understanding the Big Four Terms  
  • Comparing direct and indirect costs  
  • Mulling over fixed and variable costs  
  • Fitting the costs together  
  • Covering Costs in Different Industries  
  • Reviewing manufacturing costs  
  • Considering costs for retailers  
  • Adding up costs for e-commerce firms  
  • Finding costs most companies incur  
  • Why Are You Spending? Cost Drivers  
  • Pushing equipment too hard and relevant range  
  • Previewing inventoriable costs  
  • Following the Rules of the Cost Accounting Road  
  • Understanding generally accepted accounting principles (GAAP)  
  • Deciding on accrual basis or cash basis  
  • Finishing with conservatism  

Chapter 3: Using Cost-Volume-Profit Analysis to Plan Your Business Results 

  • Understanding How Cost-Volume-Profit Analysis Works  
  • Calculating the breakeven point  
  • Financial losses: The crash of your cash  
  • Contribution margin: Covering fixed costs  
  • Lowering the breakeven point to reach profitability sooner  
  • Target net income: Setting the profit goal  
  • Using operating leverage  
  • Assessing e-commerce businesses  
  • Timing is everything when it comes to costs  
  • Using Cost-Volume-Profit Analysis to Make Savvy Business Decisions  
  • Deciding to advertise  
  • Lowering your price without losing your profit  
  • Combining the results of two products  
  • Costing and pricing a new product  
  • The Tax Man Cometh
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