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Strategic Cost Transformation by Reginald Tomas Lee Pdf
Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making. Your product costs $2.86 to make. What does the number tell you about your operations, how effectively they were run, demand, or how much money you spent on capacity? Nothing. Shouldn’t you know? Accounting information creates a limited picture of operations and true cash performance. Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making.
Lies, Damned Lies, and Cost Accounting by Reginald Tomas Lee, Sr. Pdf
Business leaders rely on accounting data such as profit and calculated costs as a guide to whether they are making money. Should they? Accounting was designed to report financial performance not model cash flow. Accruals can disconnect cash flow from the timing and extent to which it occurs. Statements of cash flow do not provide insight into what was bought and how efficiently it was used. Costs and profits are not absolute, they change based on the model you use to calculate them. To manage cash, you must manage what you buy and how effectively you use it. The largest expenditure for most companies is capacity; space, labor, materials, equipment, and technology. Unless you model and manage capacity effectively, you will not achieve the cash flow results you seek. This book introduces capacity management, describes cash flow dynamics, and offers ideas about how to manage both. After reading it, you be able to see, understand, and manage cash flow as never before.
UNIT ITHEORETICAL PART1 Cost Accounting 2 Material Manangement3 Accounting for Labour Cost4. Job, Batch and Contract Costing5. Process Costing6. Reconciliation of Cost and Financial AccountsUNIT IIPRACTICAL QUESTIONS1. Operating Costing2. Machine Hour Rate, Direct Labour Rate, Labour Hour Rate3. Process Costing4. Joint Product/By-Product5. Process Equivalent Production6. Reconciliation of Cost and Financial Accounts7. Job Costing, Contract Costing8. Methods of Pricing9. Cost Statement10. Unit/Output Costing11. Try Yourself (Questions of Recent Examinations).
Cost Accounting and Management Essentials You Always Wanted To Know (Color) by Vibrant Publishers Pdf
- UPDATED 2020 EDITION - New: Includes Chapter Summaries and Solutions to Practice Exercises - Cost Accounting concepts explained in a simplified way - Fundamentals and important principles included - Practical approach for application by business professionals - Solved examples with real-life business scenarios Cost Accounting & Management Essentials You Always Wanted To Know: Color Edition is an introduction to cost accounting for engineers and scientists moving into management roles. The book covers: - An introduction to cost accounting - Cost-Volume-Profit (CVP) analysis - Activity based Costing - Other aspects of cost allocation and control - Decision making using relevant information About the Series Cost Accounting & Management Essentials You Always Wanted To Know: Color Edition is part of the Self-Learning Management Series that helps working professionals moving into management roles. This Self Learning Management Series intends to give a jump start to working professionals, whose job roles demand to have the knowledge imparted in a B-school but haven't got a chance to visit one. This series is designed to address every aspect of business from HR to Finance to Marketing to Operations, be it any industry. Each book includes basic fundamentals, important concepts, standard and well-known principles as well as practical ways of application of the subject matter. The distinctiveness of the series lies in that all the relevant information is bundled in a compact form that is very easy to interpret. About the Author Kalpesh Ashar is a management consultant and corporate trainer holding an MBA (Dean's Award Winner) from SPJIMR, one of Asia's top business schools, and an Engineering degree with honors in Electronics. He has over 21 years of experience in large organizations and start-ups in Asia, USA, and Europe. Kalpesh has worked in several project management roles, like Senior Project Manager, Delivery Manager, and Program Manager. He is passionate about writing on management subjects. His techno-business background gives him a unique position to write on management topics that are easy to understand for non-MBA graduates. His books are authored in a simple to understand manner without unnecessary use of management jargons. About Vibrant Publishers Vibrant Publishers is focused on presenting the best texts for learning about technology and business as well as books for test preparation. Categories include programming, operating systems and other texts focused on IT. In addition, a series of books helps professionals in their own disciplines learn the business skills needed in their professional growth. Vibrant Publishers has a standardized test preparation series covering the GMAT, GRE and SAT, providing ample study and practice material in a simple and well organized format, helping students get closer to their dream universities.
Bookkeeping and Cost Accounting for Factories by William Kent Pdf
Excerpt from Bookkeeping and Cost Accounting for Factories The author of this treatise was a bookkeeper and cost accountant for some years before he became ail engineer, and many times during his career as an engineer and as manager of works he had occasion to install systems of bookkeeping and cost accounting and to audit books. In this way, and by reading much of the extensive literature on accounting, he has kept in touch for over forty years with the development of accounting practice. More than twenty years ago he was urged by the president of one of the largest manufacturing corporations in New England to write a book on factory cost accounting, but he was then too busy with other matters and the suggested book had to be postponed to the indefinite future. Some three years ago the suggestion was repeated at a conference of several professional accountants, who agreed that the literature on cost accounting was in a most chaotic shape and was altogether unsatisfactory. The author then began a serious re-study of the subject, by reading many of the most recent books, both English and American (there has been a large crop of them in the last ten years), re-reading the articles on accounting that had appeared in Engineering Magazine and in the Transactions of the American Society of Mechanical Engineers during the last twenty-five years, and by visiting many factories and conferring with t heir managers and cost accountants. The result of the study was to confirm the statement that the word "chaos" properly describes the bulk of the literature, and the cost accounting methods in most factories. There are many good books 011 bookkeeping and ordinary accounting, and some useful books on certain parts of the general subject of cost accounting, but there seems to be a lack of books covering a wide field and representing the host modern practice. The principal faults of the existing books may be listed as follows: 1. Ovcr-conscrvatism. Adherence to old-fashioned theories and fallacies. 2. Over-development of red tape, leading to unnecessary clerical work. 3. Too much variety and novelty of method. 4. Vagueness and lack of detail in descriptive text. 5. Incompleteness. Partial treatment of complex subjects. Accounting practice in factories, and that of professional accountants who are introducing their "systems" into factories, varies all the way from excellent to very }K>or. Some accountants arc in advance of the books both in theory and in practice. Others have not yet come abreast of the modern ideas of accounting. A few of the fallacies that are rapidly being discarded are: that interest on investment forms no part of factory cost; that business and selling expense arc part of cost; and that a profit cannot arise until a thing is sold. Wrong methods of distributing burden are most common. The ratio of nonproductive to productive lalior is by many still considered to be an index of the efficiency of the manager. "Tying the costs to the general books" is erroneously supposed to prove the accuracy of the cost accounts. Inventories are priced and profits and losses are computed on the basis that the goods in the warehouse and stores arc worth just what it cost to produce them, possibly many months earlier, although market values may have advanced or declined in the meantime. Inventories are inflated by charging to the cost of finished product the cost of keeping part of the factor}' idle. The time has arrived when there is a need for a systematic treatise on cost accounting which will start the student at the beginning with the elementary principles of double entry bookkeeping and lead him through factory accounting to cost accounting, giving him not only the fundamental theory in accordance with the views of the ablest modern accountants, but also warning him against the time-worn fallacies of the older school. Such a trealise the author has un...
This Book lays particulars emphasis on managerial uses of cost information. Although written mainly from the point of view of students taking up the university examinations to qualify themselves for a degree in commerce, the book will be highly useful to those interested in the various professional examinations, too. The practicing business manager will find the book to be very useful guide in his attempt at making efficient and economical use of the relatively scarce resources.
This text is adapted from Drury's Management and Cost Accounting, and is tailored to the needs of a one-year course. It should be of interest to professional and undergraduate students taking a first course in costing, cost management, management accounting or cost and management accounting.
Management and Cost Accounting by Charles T. Horngren,Alnoor Bhimani,Srikant Datar Pdf
This lively and vibrant text covers all the principle areas of management and cost accounting, underpinned by a strong European focus. Drawing on the latest research, surveys and case studies, new innovations and developments are also explored. Important concepts are brought to life through extensive application of techniques to real business situations.
Note: If you are purchasing an electronic version, MyAccountingLab does not come automatically packaged with it. To purchase MyAccountingLab, please visitwww.MyAccountingLab.com or you can purchase a package of the physical text and MyAccountingLab by searching for ISBN 10: 0133138445 / ISBN 13: 9780133138443. Horngren: Cost Accounting leads the market because of its strong emphasis on decision making, extensive real-world examples provided in a modular, flexible format and is supported by a large quantity and range of assignment material. This text focuses on how cost accounting helps managers make better decisions by using financial and nonfinancial information better.
Cost Accounting For Dummies by Kenneth W. Boyd Pdf
The easy way to get a grip on cost accounting Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors. Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecast changes in costs based on expected activity levels; and much more. Tracks to a typical cost accounting course Includes practical, real-world examples Walks you though homework problems with detailed, easy-to-understand answers If you're currently enrolled in a cost accounting course, this hands-on, friendly guide gives you everything you need to master this critical aspect of accounting.
Management and Cost Accounting by Alnoor Bhimani,Srikant M. Datar,Charles Horngren,Madhav V. Rajan Pdf
This bestseller text offers clear, simple to understand and comprehensive coverage of management and cost accounting for students and professionals. Packed with illustrations, examples and real-life applications, Management and Cost Accounting brings together techniques, concepts and practices in a highly readable way. Keeping its international focus, the text includes a wealth of case studies featuring companies from around the world, and includes up-to-date coverage of AI and robotics and other technology which affects management accounting. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.
Cost Accounting and Management Essentials You Always Wanted To Know by Vibrant Publishers Pdf
a) Cost Accounting concepts explained in a simplified wayb) Fundamentals and important principles includedc) Practical approach for application by business professionalsd) Solved examples with real-life business scenarios
Horngren's Cost Accounting by Srikant M. Datar,Madhav V. Rajan Pdf
"This book focuses on how cost accounting helps managers make better decisions, as cost account-ants increasingly are becoming integral members of their company's decision-making teams. In order to emphasize this prominence in decision making, we use the "different costs for different purposes" theme throughout this book. By focusing on basic concepts, analyses, uses, and procedures instead of procedures alone, we recognize cost accounting as a managerial tool for business strategy and implementation. We also prepare students for the rewards and challenges they face in the professional cost ac-counting world of today and tomorrow. For example, we emphasize both the development of tech-nical skills such as Excel and big-data analytics to leverage available information technology and the values and behaviors that make cost accountants effective in the workplace"--
