Mark P. Holtzman & Sandy Hood 
Management and Cost Accounting For Dummies – UK, UK Edition 

With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret, and communicate accounting information in the context of managerial decision-making.

Major topics include:

* cost behaviour

* cost analysis

* profit planning and control measures

* accounting for decentralized operations

* budgeting decisions

* ethical challenges in management and cost accounting

Table of Content

Introduction 1

Part I: Getting Started with Management and Cost
Accounting 7

Chapter 1: Planning and Control: The Role of Management
Accounting 9

Chapter 2: Using Management Accounting in Your Business 27

Part II: Understanding and Managing Costs 45

Chapter 3: Classifying Direct and Indirect Costs 47

Chapter 4: Allocating, Apportioning and Absorbing Overhead
71

Chapter 5: Costing Products Flowing Through a Business 95

Chapter 6: Job Costing: Pricing Individual Orders 105

Chapter 7: Process Costing: Tracking What’s Produced and
How Much it Costs 119

Chapter 8: Observing How Variable and Fixed Costs Behave 143

Part III: Planning and Budgeting 161

Chapter 9: Using Contribution Analysis to Make Better Decisions
163

Chapter 10: Decision-Making Within the Reality of Limited
Capacity 189

Chapter 11: Deciding on Long-Term Purchases: Capital Budgeting
205

Chapter 12: Naming Your Price: Approaches to Decision-Making
229

Chapter 13: Doing Deals between Company Divisions: Transfer
Prices 243

Chapter 14: Planning Budgets for the Future 259

Part IV: Using Management Accounting for Evaluation and
Control 279

Chapter 15: Using Flexible Budgets to Exert Control 281

Chapter 16: Variance Analysis: Flexing Standard Costs 293

Chapter 17: Establishing Accountability with Responsibility
Accounting 317

Chapter 18: The Balanced Scorecard: Reviewing Your
Business’s Report Card 329

Chapter 19: Squeezing Out of a Tight Spot with the Theory of
Constraints 347

Part V: The Part of Tens 357

Chapter 20: Ten Key Management Accounting Formulas 359

Chapter 21: Ten Careers in Management Accounting 371

Index 375

About the author

Mark P. Holtzman, Ph D, CPA, is Chair of the Department of
Accounting and Taxation, Seton Hall University. He has taught
accounting at college level for 17 years. Sandy Hood is a lecturer
in management and cost accounting. He also lectures on the Peter
Jones Enterprise Academy course, a one-year course that helps
budding entrepreneurs set up their own businesses and learn
practical business skills.