Índice

Written primarily for practising managers who require a working knowledge of cost and management accounting, this book examines the origins of costs, planning and control, standard costing, job and process costing, pricing, investment appraisal, budgetary control and ratio analysis. The author explains the various aspects of financial decision-making and draws heavily on the principles of marginal costing. Some decisions are short-term, concerning the best or most profitable use of a firm's existing resources. Other decisions involve capital expenditure which may have a life span of many years. The text offers various suggestions for work-based activities which are intended to encourage managers to find out more about management accounting practices in one's own organization.