Summary
Contents
Subject index
Management Accounting: Principles and Applications adopts a new and accessible approach to helping readers understand how management accounting contributes to decisions in a variety of organizational contexts. This book sets out clear explanations of practical management accounting techniques in the context of the application of these techniques to decisions. It recognizes practice through case studies and summarizes published research. Uniquely, it examines the analytical and critical issues that often influence decision makers operating within private and public sector organizations.
Cost Analysis and Decision Making
Cost Analysis and Decision Making
Key Learning Objectives
By the time you have finished studying this chapter, you should be able to:
- describe how costs may be classified in both subjective and objective ways;
- define and identify direct and indirect costs and categorise them into their subdivisions of labour, materials and overheads;
- explain how costs behave at various levels of activity;
- classify costs for control and decision-making purposes.
Introduction
In Chapter 1 we explained the meaning and nature of management accounting, described the scope and content of the discipline, discussed past and current issues in management accounting and, finally, outlined the factors which are important when designing management accounting systems. In this chapter we begin to develop the fundamentals of cost accounting which underpin these concepts and issues. ...
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