Cost accounting for dummies
- 2nd
- New Delhi Wiley India Pvt. Ltd. 2022
- xiii, 432 p.
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 [https://www.wileyindia.com/cost-accounting-for-dummies-2ed.html]
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. (https://www.wileyindia.com/cost-accounting-for-dummies-2ed.html)