Management and cost accounting

MANAGEMENT & COST ACCOUNTING Alnoor Bhimani • Charles T Horngren Srikant M Datar • Madhav V Rajan Seveth Edition Q Pearson MANAGEMENTΑΝΟ cosT ACCOlJNTlNG ξόωη In memory ot Charles T Horngren 1926-2011 cost and management accounting He loved Oas "'ttoduced many new concepts He had the unvquegift of concepts •n Simple and creative ways He epitom•sed exc&nce ytd never toed of details wtwther it was finding exactlythe nght or and asstgnmentmatenais He cornb•ned tvs great intellect Withgenuine humility and warmth and a human touch that •nsp•redothers to theu best He taught us many lessons about lite through tvs amanng disopljne, his ability to make everyone feel welcome and tvs love ot family It was a great privilege.pleasure and honour to have known Chuck Horngren Few individualsWillhave the enormous influence that Chuck had on the accounting protess•on.Fewerstill will be able to it with the class and style that was tus hallmark He was unique special and amazing in many, many ways and at once a role model, teacher mentor and friend He rsdeeply mtssed Alnoor Ohimani London School of Economics and PoliticalSoence Srikant M, Datar Harvard University Madhav V Rajan Unjv•erytyot Chicago AB: For all women who bring balance to the world SD: Swat', Radhika Gayatri, Sidharth MVR: Gayathri, Sanjana Anupama BRIEF CONTENTS "nowieaee.•nents Management and cost accounting fundamentals manage' and management accounting An mttoductjon to cost terms and purposes eost.ne Process costing S Cost allocation Cost allocatvon joint-cost Situations Income effectsof stock-costing methods 124 179 Pan I Case study problems PART Il Accounting information for decision making Cost-volume-profit analysjs Determjmng how costs behave 10 Relevant information for dectsjon making Actwty-based costing 12 Pnc.ng target costing and customer profitability analysts 13 C.apttalinvestment 216 244 316 Part n Case study problems PART Ill 14 15 16 17 Planning and budgetary control systems Motivation, budgets and responsibilityaccounting Flexible budgets, vanances and management control Flexible budgets vanancesand management control Il Measunng Yield,rmx and quantity effects Part Ill Case study problems 424 systemsand Fdo•rnance PART PART V Strategy quality time and emetgjng issues at*' untaifUb&ty •ntetest and •nterest taues Lecturer Resources CONTENTS CHAPTER Job cosung The and CHAPTER 0