Management Accounting for business decisions by Colin Drury
Management Accounting for business decisions by Colin Drury Free DownloadManagement Accounting for business decisions by Colin Drury Free Download
Contents
Preface xv
Part One
Introduction to Management and Cost
Accounting 1
1 Introduction to management accounting 3
The users of accounting information 4
Differences between management accounting and financial accounting 5
The decision-making process 5
Changing competitive environment 10
Changing product life cycles 11
Focus on customer satisfaction and new management approaches 11
The impact of the changing environment of management accounting systems 14
Functions of management accounting 15
Summary of the contents of this book 17
Summary 19
Key terms and concepts 19
2 An introduction to cost terms and concepts 21
Cost objects 21
Direct and indirect costs 22
Period and product costs 24
Cost behaviour 24
Relevant and irrelevant cost and revenues 28
Avoidable and unavoidable costs 29
Sunk costs 29
Opportunity costs 30
Incremental and marginal costs 30
Job costing and process costing systems 31
Maintaining a cost database 31
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Management Accounting for business decisions by Colin Drury Free Download
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6 Activity-based costing 153
The role of a cost accumulation system in generating relevant cost information for
decision-making 154
Types of cost systems 155
A comparison of traditional and ABC systems 156
The emergence of ABC systems 158
Volume-based and non-volume-based cost drivers 159
An illustration of the two-stage process for an ABC system 161
Designing ABC systems 164
Activity hierarchies 166
Activity-based costing profitability analysis 168
Resource consumption models 170
Cost versus benefits considerations 172
Periodic review of an ABC database 173
ABC in service organizations 174
ABC cost management applications 175
Summary 179
Key terms and concepts 179
Recommended reading 180
Review problems 180
Questions 183
7 Pricing decisions and profitability analysis 189
Economic theory 190
Difficulties with applying economic theory 194
The role of cost information in pricing decisions 194
A price setting firm facing short-run pricing decision 195
A price setting firm facing long-run pricing decision 196
A price taker firm facing short-run product-mix decision 201
A price taker firm facing long-run product-mix decision 202
Cost-plus pricing 204
Pricing policies 206
Customer profitability analysis 207
Summary 211
Management Accounting for business decisions by Colin Drury Free Download
Management Accounting for business decisions by Colin Drury Free Download
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