Best Practices for Cost Calculation

Author: Steven M. Bragg
Publisher:
Publish Date: 2006-11-01
Features: Written by the best-selling American accounting author Steven M. Bragg, Best Practices in Cost Accounting systematically explains all major cost accounting methods, such as job-order costing, process costing, direct costing, standard costing, LIFO (Last-In, First-Out), and average costing. The content covers the calculation process, meaning and role of cost information, advantages, disadvantages, and applicability of each method, its impact on book profit, and case studies. The language is easy to understand and lucid, enabling managers to grasp all cost accounting methods with just one book in hand, eliminating the need to consult other accounting books. Thus, it provides a comprehensive reference guide on cost accounting for corporate executives, financial managers, accounting personnel, financial analysts, and auditors.