A to Z Cost Accounting Dictionary : A Practical Approach - Theory to Calculation

A to Z Cost Accounting Dictionary: A Practical Approach - Theory to Calculation is a comprehensive collection of cost accounting terms, theories, and calculations. This book serves as a handy reference guide for students, professionals, and educators in the field of accounting. Each term in this dictionary has been defined in a simple and clear way, allowing readers to understand the concepts easily.

The book begins by introducing cost accounting and its role in financial management. The author then goes on to explain the different costing methods used in accounting, such as job order costing and process costing. The book also covers activity-based costing (ABC), which is becoming increasingly popular in many organizations.

In addition to defining accounting terms, the book also discusses practical applications of cost accounting theories. Various cost management systems and techniques, such as target costing and zero-based budgeting, are explained in detail. The author also explains how cost accounting can be used in decision-making processes, such as make-or-buy decisions and capital budgeting.

The book includes a comprehensive table of contents that allows readers to quickly find the information they need. Each term in the dictionary is listed in alphabetical order, making it easy to search for a specific term. The book also includes graphs, charts, and illustrations to help readers understand complex concepts.

Overall, A to Z Cost Accounting Dictionary: A Practical Approach - Theory to Calculation is an essential resource for anyone involved in cost accounting. Whether you are a student, a professional, or an educator, this book will provide you with the knowledge and information you need to understand the principles of cost accounting and apply them in the real world.