The chapter focuses are introduction to cost and management accounting, cost behavior, cost sheet, material accounting, labour accounting, overhead accounting, costing methods, costing techniques, and cost bookkeeping. The textbook is structured into nine chapters. The topics and materials exposed in this textbook focuses essentially on ascertainment and analysis of material cost, labour cost and overhead cost. The textbook has been written bearing in mind the needs of students, professional examination candidates, and practitioners. It focuses on accounting for production cost, cost of material purchased and consumed, cost of labour used, and overhead costs. This volume is entitled Cost and Management Accounting I. The text is divided into Cost and management accounting I and Cost and management accounting II. Cost accounting focuses on cost analysis of production cost, material cost, labour cost, and overhead cost while management accounting focuses on managerial decision making based on quantitative information obtained from cost data. Cost and Management accounting is a combined volume of cost accounting and management accounting.
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