Cost accounting for dummies

Table of content:
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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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.
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