Cost Accounting Fundamentals: Fifth Edition

Author: Steven Bragg

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Book Description
Cost Accounting Fundamentals addresses all key cost accounting topics, including inventory valuation, job costing, process costing, and standard costing. It also covers the role of the cost accountant in setting prices, not only to outside customers, but also to other subsidiaries. The book delves into many other areas of concern to the cost accountant, including target costing, constraint analysis, capital budgeting, the cost of quality, and even cost collection systems. [246 pages]


Table of Contents

Chapter 1. Overview of Cost Accounting
Chapter 2. The Cost Accountant Job Description
Chapter 3. Types of Costs
Chapter 4. Inventory Valuation
Chapter 5. Job Costing
Chapter 6. Process Costing
Chapter 7. Standard Costing
Chapter 8. Joint and By-Product Costing
Chapter 9. Waste Accounting
Chapter 10. Product Pricing
Chapter 11. Target Costing
Chapter 12. Transfer Pricing
Chapter 13. Direct Costing
Chapter 14. Activity-Based Costing
Chapter 15. Constraint Analysis
Chapter 16. Capital Budgeting Analysis
Chapter 17. Cost Collection Systems
Chapter 18. Cost Variability
Chapter 19. Cost of Quality


Reviews

Cost Accounting Fundamentals provides the necessary tools and concepts required for businesses to successfully compete in today's global marketplace. The strengths and weaknesses of various methodologies seen in practice related to inventory valuation, product pricing and cost analysis are clearly identified and explained. As a result, best practices can be easily derived and implemented. This book will be a valuable addition to any business professional's library. - Tim Scullin, CPA, CFO of SIG Sauer, Inc.

Arguably one of the most important roles in accounting, the cost accountant plays a critical role in supporting tactical business decisions and enhancing profitability. Cost Accounting Fundamentals provides an in-depth explanation of the essentials needed to carry out this critical role, highlighted by easy to understand examples. The book serves as a great "how to" guide for those in cost accounting, those considering a career in cost accounting, or anyone in business who wants to learn more about the profession. -- Steven Randall, Partner, Vonya Global LLC

Cost Accounting Fundamentals is a fantastic guide for any cost or management accountant. The guidance in this book teaches the cost accountant how to be a true business partner to operations. -- Josh Nowack, CPA, Nowack Strategic Business Advisory & CPA

Cost Accounting Fundamentals is a comprehensive manual for the cost accounting professional, detailing concepts, techniques, and practices, particularly focusing on product cost accounting. This excellent manual provides every practicing cost accountant with a vitally important reference. The coverage of target costing, resource consumption cost concepts, and related cost planning and management topics makes this a reference that accounting managers will want to keep within easy reach as their careers advance. -- Barrett Peterson, CPA, Manager, Accounting Standards, Procedures, and Analysis, TTX