Analyzing and managing costs is crucial for business success. Industrial, service, and non-profit companies will not be successful in the long-term if they do not understand their costs.

This textbook introduces the basic concepts and current developments in cost accounting. The book features numerous anecdotal examples from a wide range of industries, case studies, Microsoft Excel examples, and exercises to ensure a sustainable learning success.

Contents:

• Cost Accounting as a Part of Corporate Accounting


• Basic Concepts of Cost Accounting


• Product and Service Costing


• Cost-Center Accounting


• Cost-Type Accounting


• Cost Functions and Determining Cost Behavior


• Profit and Loss Calculation


• Cost-Volume Profit Analysis


• Cost and Revenue Information for Operational Decisions


• Standard Costing and Variance Analysis


• Grenzplankostenrechnung (GPK)


• Activity-Based Costing


• Target Costing


• Budgeting


• Transfer Pricing

Readership: Academics and students interested in cost accounting and finance.