Cost Accounting and Management Essentials You Always Wanted To Know

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 covers Cost Accounting concepts and application to real-life business decisions. It explains the concepts in a concise and easy-to-understand manner for business professionals. This book includes Cost Accounting FUNDAMENTALS, SOLVED Exercises, Important CONCEPTS & PRINCIPLES and Ample PRACTICE Exercises. The book is divided into separate chapters, each dedicated to a single concept in Cost Accounting & Management. The flow is such that it builds the reader's understanding in stages. At the end of each chapter there are ample solved examples that help apply the concepts learnt in the chapter. This is followed by Practice Exercises that give an opportunity to the reader to apply the learnings from the chapter. 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. The topics covered are: a) Cost Accounting Fundamentals b) Balancing of the 3 factors - Cost, Volume & Profit c) Concept of Relevant Information and Decision Making d) Activity Based Costing e) Cost Allocation Techniques f) Cost Variances and Control The reader gains the following competence after reading this book: a) Understanding of the standard Cost Accounting Terms b) Applying cost accounting concepts to real-life business scenarios c) Using relevant cost accounting information to take business decisions