Costing

Terry Lucey has been an accountant and consultant in industry and has had over 20 years' examining and teaching experience at all levels of professional studies and for diploma and degree courses in business studies. He was previously Head of Department of Business Studies at the University of Wolverhampton and Visiting Fellow at Aston Business School, Aston University.

Section 1.
1. What is Cost Accounting?
2. The Framework of Cost Accounting.
3. Classification and Coding.
4. Materials - Purchasing, Reception and Storage.
5. Materials - Stock Recording and Inventory Control.
6. Materials - Pricing Issues and Stocks
Assessment Section 1
Section 2.
7. Labour - Remuneration methods.
8. Labour - Recording, Costing and Allied Procedures.
9. Overheads.
10. Cost Accounts.
Assessment Section 2.
Section 3.
11. Cost Accounting methods - Introduction.
12. Cost Accounting methods - Job and Batch costing.
13. Cost Accounting methods - Contract costing.
14. Cost Accounting methods - Operation and Service costing.
15. Cost Accounting methods - Process costing.
16. Cost Accounting methods - Joint product and by-product costing Assessment.
Assessment Section 3.
Section 4.
17. Planning, Control and Decision Making.
18. Cost behaviour.
19. Variable (or marginal) and Absorption Costing.
20. Short-Run Decision Making.
21. Break-Even Analysis.
22. Capital Investment Appraisal.
Assessment Section 4.
Section 5.
23. Budgets.
24. Standard Costing - Introduction.
25. Standard Costing - variance analysis (Material, labour and overheads).
26. Standard Costing - variance analysis (Sales and Standard Marginal costs).
27. Uniform costing.
28. Cost Accounting and Computers.
Assessment Section 5.
Case Exercises.
Table A. Present Value Factors.
Table B. Present Value Annuity Factors.
Examination Technique.
Solutions to Exercises and Examination Questions set at end of chapters.
Index.