EBOOK: Cost Management: Strategies for Business Decisions, International EditionThis book is an adaptation of the successful US text Cost Management by Hilton, Maher and Selto, written specifically for an international audience.Major improvements include:Diverse and truly international examples of organizations - Examples used throughout the book are from all over the world and represent manufacturing, retail, not-for-profit, and service firms in many different countries. Completely restructured and rewritten text - The book has been rewritten, restructured and also shortened significantly to align content closer with international courses. Integral use of spreadsheets - Spreadsheet software is used for explaining techniques and making applications more realistic. In depth research - Summaries of international research studies that address important cost management issues have been updated and more references to recent research findings have been added. Intuitive explanation of accounting - The authors show directly how events impact the balance sheet and profit and loss account. |
Common terms and phrases
absorption costing accounting activities activity-based costing activity-based management actual allocation base alternative analysis assets average balanced scorecard batch Build a spreadsheet capacity cash flows cent centre chapter company’s competitors Compute contribution margin cost allocation cost drivers cost management analysts Cost of sales cost-driver rates costing system decision direct material division manager divisional employees equipment evaluation example Exhibit expected fixed overhead improve incentive increase internal inventory investment Koala Camp Gear labour cost machine hours manufacturing overhead method month net present value non-financial operating income opportunity cost organization organization’s Outback Outfitters outsourcing overhead costs performance measures planning Problem product costs production departments profit purchase regression Required sales revenue selling sold standard cost strategic support service departments Theory of Constraints total costs transfer price unit-level cost variable costs variable overhead wood pulp