With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret, and communicate accounting information in the context of managerial decision-making.

Learn to:

• Understand the basic concepts, terminology and methods in management and cost accounting
• Interpret accounting information for business decisions and budgeting
• Manage costs in your organisation

Get to grips with management and cost accounting – fast

With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret and communicate accounting information in the context of managerial decision-making.

• Get a bird's-eye view – find out what management and cost accounting is all about, why it's so important and what every accountant and businessperson needs to know about it
• Learn the costs of doing business – get the lowdown on the various kinds of business costs, how they behave, and how to tackle job costing, process costing and product costing
• Be the man, or woman, with a plan – learn about the key role business accountants play in planning and budgeting for the future
• Go with the flow – discover how to develop dynamic budgets and how budgeting is key to long- and short- term business decisions
• Gear up – outfit yourself with powerful accounting tools for monitoring, evaluating and controlling activities throughout your organisation

Open the book and find:

• Tools and techniques for communicating accounting information
• The balanced scorecard and the theory of constraints – two must-have tools
• Ways to use management accounting for evaluation and budgetary control
• How to classify and allocate the different types of costs
• Ten key management accounting formulas
• Ten careers in management and cost accounting

With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret, and communicate accounting information in the context of managerial decision-making.

Major topics include:

• cost behaviour
• cost analysis
• profit planning and control measures
• accounting for decentralized operations
• budgeting decisions
• ethical challenges in management and cost accounting