Management Accounting 5th Edition by Jill Hart, Clive Wilson, Chris Fergus – Ebook PDF Instant Download/Delivery: 1442549074 , 9781442549074
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Product details:
ISBN 10: 1442549074
ISBN 13: 9781442549074
Author: Jill Hart, Clive Wilson, Chris Fergus
The 5th edition of Management Accounting: Principles and Applications helps students master the complexity of cost and management accounting. Using a clear, concise writing style, logical structure and current accounting standards, the text focuses on the information students need to complete their course.
Management Accounting 5th Table of contents:
Chapter 1 Introduction to cost concepts
Functions of cost-management accounting
Cost accounting and financial accounting
What is a cost?
Manufacturing and non-manufacturing costs
Direct and indirect costs
Service industries
Product costs and period costs
Unit costs
Cost drivers
Fixed and variable costs
Prime costs and conversion costs
Applications of overheads
Direct and absorption costing
Costs and pricing
Cost-accounting systems
Management systems and cost accounting
Ethics
Summary
Questions
Chapter 2 Manufacturing statements
Purpose and limitations of manufacturing statements
Preparation of the manufacturing statement
Preparation of manufacturing statements from a list of balances where there is no work in process
Preparation of manufacturing statements from a list of balances where there is work in process
Preparation of manufacturing statements incorporating work in process
Factory profit
Summary
Questions
Chapter 3 The cost cycle—double-entry system
Inventory systems
Ledger accounts
Preparation of the trading or income statement
Summary
Questions
Chapter 4 Materials costing and control
Documentation and procedures for costing and control
Stores (stock or inventory) ledger cards system
Cost of acquiring materials
The cost of materials issued
Journal entries for materials
The physical stocktake and end-of-month procedures
Valuation of material inventory using the periodic method
Provisions of the accounting standard AASB102
Summary
Questions
Chapter 5 Labour costing and control
Human resources management
Wage schemes
The payroll function in cost control
Payroll calculation
Accounting for labour costs
Labour-related costs
Labour charge-out rate
Alternative accounting method
Summary
Questions
Chapter 6 Overhead costing and responsibility accounting
Steps in the control of overheads
Overhead cost behaviour
Flexible budgets
Cost drivers and overhead application rates
Capacity levels
Application of overhead costs
Accounting for overheads
Departmental overheads
Direct and indirect department overheads
Cost allocation and control
Definition of responsibility accounting
Analysis and control of overheads
Summary
Questions
Chapter 7 Operating budgets for a manufacturing business
The nature and components of the inventory budget
Sales budget for a manufacturing business
The production budget
Budgeted cost of production
Cost of goods sold budget
Summary
Questions
Chapter 8 Job costing
Application of product costing methods
Job costing for manufacturing industries
Double-entry system
Job costing for service industries
Ledger accounts for service industries
Summary
Questions
Chapter 9 Break-even analysis and profit planning
Break-even point—single product
Break-even assumptions and limitations
What-if analysis
Margin of safety
Profit volume analysis
Effects of sales mix
Summary
Questions
Chapter 10 Direct versus absorption costing
The difference between direct and absorption costing
Preparation of income statements* using both direct and absorption costing methods
Accounting and taxation standards
The arguments in favour of using direct costing
Direct costing and the costing records
Summary
Questions
Chapter 11 Differential cost analysis
Differentiate relevant and irrelevant costs and benefits
Benefits and costs of various decision-making situations
Linear programming
Summary
Questions
Chapter 12 Activity-based costing
Traditional costing
Cost pools
Accounting for activity-based costing
Activity-based costing and value-added activities
Limitations of activity-based costing
Summary
Questions
Chapter 13 Process costing
Characteristics of process costing
Calculation of equivalent units and the costs to be applied
The process cost sheet (cost of production report)
FIFO (First-in, first-out) method
Weighted average method
Calculation of equivalent units and allocation of costs where there is more than one department and
Journal entries and ledger accounts incorporating spoilage
Change in units from one process to another
Application of activity-based costing and/or direct costing to process costing
Summary
Questions
Chapter 14 Operation costing
Definitions
Calculation of the cost of each work order production run or batch
Journal entries and ledger accounts
Effect of activity-based costing and/or direct costing on operation costing
Summary
Questions
Chapter 15 Joint and by-products
Definitions
Reasons for allocating the joint process costs
Allocation of the joint process cost to joint products assuming that there are no by-products
The irrelevance of joint costs in deciding whether to process a joint product further
Accounting for by-products
Allocation of joint costs to joint products where there are also by-products
Journal entries and ledger accounts for joint products and by-products
Process costing incorporating joint products and by-products
Summary
Questions
Chapter 16 Standard costing
Features of a standard costing system
Comparison of different types of standards
Variances—calculation and recording
Control of the variances—typical responsibilities, causes and possible strategies
Disposition of the variances
Standard costing and service industries
Application of standard costing to different types of manufacturing systems
Standard direct costing
Summary
Questions
Glossary
Index
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Tags: Jill Hart, Clive Wilson, Chris Fergus, Management Accounting