Management and cost accounting

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. MyLab Accounting is not included. Students, if M.

Assessment material

Front Cover; Half Title Page; Title Page; Copyright Page; Brief Contents; Contents; Guide to the case studies; Preface; Authors' acknowledgements; Publisher's acknowledgements; PART I Management and cost accounting fundamentals; CHAPTER 1 The manager and management accounting; Management accounting, financial accounting and cost accounting; Accounting systems and management controls; Costs, benefits and context; Value creation; Digitalisation: management accounting's most important challenge

Concepts in action: How the Internet of Things, artificial intelligence and big data make the unknown visible at Rolls-RoyceSummary; Appendix: Professional ethics; Key terms; References and further reading; Assessment material; CHAPTER 2 An introduction to cost terms and purposes; Costs in general; Direct costs and indirect costs; Cost drivers and cost management; Cost behaviour patterns: variable costs and fixed costs; Total costs and unit costs; Concepts in action: Reducing fixed costs and managing profit growth at Porsche; Financial statements, business sectors and the recognition of costs

The many meanings of product costsClassification of costs; Summary; Key terms; References; Assessmen…