In this text, Leslie Chadwick introduces us to the importance of accounting as a management tool. Intended as an introductory accounting text, the book is written in an accessible style - a key feature of which is the author's teaching by objectives approach which clearly sets out what the reader should know and be able to do. It includes step-by-step examples, question and answer sections, multiple-choice texts, lists of key works and self assessment exercises. It should be of use to undergraduate students, and also to managers on short-term executive programmes, one-semester and distance-learning courses.
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The elements of cost
An introduction to overheads and total absorption costing
Marginal costing and breakeven analysis
Total absorption costing versus marginal costing
Standard costing and variance analysis
Decisionmaking and relevant cash flows
Capital investment appraisal
Suggested answers for selfassessments
The writing of financial reports projects and dissertations
activity based costing activity cost drivers activity cost pools actual adverse apportioned apportionment balance break-even analysis break-even chart break-even point budgeted profit calculate cash budget cent closing stock CM CM CM compute contribution per unit cost centres cost of sales Depreciation dept direct labour hours Direct materials discounted payback distribution expenses estimated example expenditure FIFO figures fixed overheads Gross profit holding costs hour rate indirect kilos Less Fixed costs Less Variable cost level of activity LIFO limiting factor loss account machine department machine hours Management Accounting Marginal costing profit material requirements planning month number of employees o o o output over-absorption paid Pareto analysis present value price variance product costs profit and loss profit target profit volume ratio project goes ahead purchases rate of return relevant cash flows Self-assessment selling and distribution selling price standard cost stock valuations total absorption costing wages