Management and Cost Accounting

The late Colin Drury was at Huddersfield University from 1970 until his retirement in 2004, when he was awarded the title of Emeritus Professor. For over 40 years, Professor Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his bestselling textbooks, which have been widely recommended by the main professional accounting bodies for their examinations. He was an active researcher throughout his career and his research has been published in around 100 professional and academic journals. In recognition for his contribution to accounting education and research, Drury received a lifetime achievement award by the British Accounting Association in 2009. Drury’s flagship title Management and Cost Accounting was first published in 1985 and is now in its 12th edition. It established itself as one of the leading management accounting textbooks in EMEA. It is known, not just for its rigour and authority, but particularly for Drury’s down-to-earth style that reflects his background as a practising accountant before his involvement in academia.

• PART 1 QuestionsAn introduction to cost terms and concepts Cost assignment Accounting entries for a job costing system Process costing Joint and by-product costing Income effects of alternative cost accumulation systems Cost–volume–profit analysis Measuring relevant costs and revenues for decision-making Pricing decisions and profitability analysis Activity-based costing Decision-making under conditions of risk and uncertainty Capital investment decisions: appraisal methods Capital investment decisions: the impact of capital rationing, taxation, inflation and risk The budgeting process Management control systems Standard costing and variance analysis 1 Standard costing and variance analysis 2: Further aspects Divisional financial performance measures Transfer pricing in divisionalized companies Cost management Strategic management accounting Cost estimation and cost behaviour Quantitative models for the planning and control of stocksThe application of linear programming to management accountingPART 2 SolutionsAn introduction to cost terms and concepts Cost assignment Accounting entries for a job costing system Process costing Joint and by-product costing Income effects of alternative cost accumulation systems Cost–volume–profit analysis Measuring relevant costs and revenues for decision-making Pricing decisions and profitability analysis Activity-based costing Decision-making under conditions of risk and uncertainty Capital investment decisions: appraisal methods Capital investment decisions: the impact of capital rationing, taxation, inflation and risk The budgeting process Management control systems Standard costing and variance analysis 1 Standard costing and variance analysis 2: Further aspects Divisional financial performance measures Transfer pricing in divisionalized companies Cost management Strategic management accounting Cost estimation and cost behaviour Quantitative models for the planning and control of stocksThe application of linear programming to management accounting