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 Questions
An 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 stocks
The application of linear programming to management accounting
PART 2 Solutions
An 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 stocks
The application of linear programming to management accounting