Drurys Management & Cost Accounting is the market-leading European text on management accounting and is a comprehensive authority on all aspects of the subject. The book has been streamlined and substantially redesigned in its 7th edition to make it much shorter and easier to use. There are downloadable and interactive resources for the book at www.drury-online.com. The aim of the seventh edition is to explain the principles involved in the design and evaluation of management and cost accounting information systems. The emphasis in the book is on management accounting systems - those that are used to accumulate, classify, summarize and report information that will be used for internal decision-making purposes within an organisation. However, cost accounting systems, that record cost information for external reporting and internal profit measurement purposes, are also comprehensively covered.
In summary, this new edition has been brought fully up to date with the latest developments in the subject, is much shorter and more integrated with the web resources for the book, and reverts to the system of having lecturers questions in the book, with answers on the password-protected side of the site.
PART 1: INTRODUCTION TO MANAGEMENT AND COST ACCOUNTING. 1. Introduction to management accounting. 2. An introduction to cost terms and concepts. PART 2: COST ACCUMULATION FOR INVENTORY VALUATION AND PROFIT MEASUREMENT. 3. Cost assignment. 4. Accounting entries for a job costing system. 5. Process costing. 6. Joint and by-product costing. 7. Income effects of alternative cost accumulation systems. PART 3: INFORMATION FOR DECISION-MAKING. 8. Cost-volume-profit analysis. 9. Measuring relevant costs and revenues for decision-making. 10. Activity-based costing. 11. Pricing decisions and profitability analysis. 12. Decision-making under conditions of risk and uncertainty. 13. Capital investment decisions: appraisal methods 14. Capital investment decisions: the input of capital rationing, taxation, inflation and risk PART 4: INFORMATION FOR PLANNING, CONTROL AND PERFORMANCE MEASUREMENT. 15. The budgeting process. 16. Management control. 17. Standard costing and variance analysis 1. 18. Standard costing and variance analysis 2: further aspects. 19. Divisional financial performance measures. 20. Transfer pricing in divisionalized companies. PART 5: COST MANAGEMENT AND STRATEGIC MANAGEMENT ACCOUNTING. 21. Cost management. 22. Strategic management. PART 6: THE APPLICATION OF QUANTITATIVE METHODS TO MANAGEMENT ACCOUNTING. 23. Cost estimation and cost behaviour. 24. Quantitative models for the planning and control of stocks. 25. The application of linear programming to management accounting. Case Studies Notes. Bibliography. Appendices.