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 the last 35 years, Professor Colin Drury had 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 had been published in around 100 professional and academic journals. In recognition for his contribution to accounting education and research, Drury was given 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 11th 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 reflected his background as a practising accountant before his involvement in academia.

PART ONE Introduction to management and cost accounting
1 Introduction to management accounting
2 An introduction to cost terms and concepts
PART TWO 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 THREE Information for decision-making
8 Cost–volume–profit analysis
9 Measuring relevant costs and revenues for decision-making
10 Pricing decisions and profitability analysis
11 Activity-based costing
12 Decision-making under conditions of risk and uncertainty
13 Capital investment decisions: appraisal methods
14 Capital investment decisions: the impact of capital rationing, taxation, inflation and risk
PART FOUR Information for planning, control and performance measurement
15 The budgeting process
16 Management control systems
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 FIVE Strategic management and challenges for the future
21 Strategic performance management
22 Strategic cost management and value creation
23 Challenges for the future
PART SIX The application of quantitative methods to management accounting
24 Cost estimation and cost behaviour
25 Quantitative models for the planning and control of inventories
26 The application of linear programming to management accounting