Steven M. Bragg - Cost Accounting Fundamentals: Essential Concepts and Examples

Cost Accounting Fundamentalsdescribes the key cost accounting concepts that most concern the practicing cost accountant, and illustrates them with numerous examples to improve comprehension. The book is designed for both professional accountants and students, since both can benefit from its detailed descriptions of inventory valuation methods, product pricing techniques, cost analysis methods, and more. Cost Accounting Fundamentalsaddresses five major cost accounting topics, which are:

Part I Job Overview . Chapters 1 and 2 describe the nature of cost accounting and the details of the cost accountant job description.

Part II Inventory Valuation . Chapters 3 through 9 describe the various methods used to value inventory, including job costing, process costing, standard costing, joint and by-product costing, and accounting for waste products.

Part III Product Pricing . Chapters 10 through 12 describe the contribution of cost accounting to product pricing, including a lengthy discussion of how much a product costs for pricing purposes, how target costing works, and the mechanics of transfer pricing.

Part IV Cost Analysis Methods . Chapters 13 through 16 address a number of analysis methods, including direct costing, activity-based costing, constraint analysis, and capital budgeting analysis.

Part V Other Topics . Chapters 17 through 19 cover several additional topics how to collect cost-related information, the variability of costs under different circumstances, and the cost of quality.

Cost Accounting Fundamentalsis designed to give you a complete grounding in the essentials of cost accounting. As such it may earn a place on your bookshelf as a reference tool for years to come.

Centennial, Colorado
February, 2016