This guide provides in-depth explanations and reviews of the essential cost accounting concepts you'll encounter during a typical cost accounting course. This introduction to the budgeting process will help you get the lowdown on overhead costs and help you make good decisions in running a business.
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Summary
This guide provides in-depth explanations and reviews of the essential cost accounting concepts you'll encounter during a typical cost accounting course. This introduction to the budgeting process will help you get the lowdown on overhead costs and help you make good decisions in running a business.
Description
Take control of overhead, budgeting, and profitability with cost accounting
Cost accounting is one of the most important skills in business, and its popularity as a course in undergraduate and graduate business and management programs speaks to its usefulness. But if you’ve ever felt intimidated by the subject’s jargon or concepts, you can stop worrying. Cost accounting is for everyone!
In Cost Accounting For Dummies, you’ll be taken step-by-step through the basic and advanced topics found in a typical cost accounting class, from how to define costs and how to allocate them to products or services. You’ll learn how to determine if a capital expenditure is worth it and how to design a budget model that forecasts changes in costs based on activity levels.
Whether you’re a student in your first cost accounting course or a professional trying to get a grip on your books, you’ll benefit from:
- Simple methods to evaluate business risks and rewards
- Explanations of how to manage and control costs during periods of business change and pivots
- Descriptions of how to use cost accounting to price IT projects
Cost Accounting For Dummies is the gold standard in getting a firm grasp on the challenging and rewarding world of cost accounting.
About the Author
Ken Boyd is Co-Founder of Accountinged.com and owns St. Louis Test Preparation. He tutors and coaches people on the principles of accounting and prepares them for challenging accounting licensing exams by making accounting interesting and fun.
Back Cover
Take control of overhead and profitability Ever wonder what parts of your business are the most (or least) profitable? You can get reliable and accurate representations of your company's expenses and revenues with Cost Accounting For Dummies . This unique and easy-to-read handbook walks you through every step you need to take to define your costs, allocate them to particular products or services, and determine the profitability of everything you sell. You'll learn everything a student in an introductory cost accounting class would learn, without the unnecessary accounting jargon! Inside... Understand job costing Master activity-based costing Use cost-volume-profit analysis Create realistic budgets Get a grip on overhead costs Estimate future costs Increase profitability with analysis Improve quality control
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