Cost Accounting Fundamentals: Sixth Edition

Author: Steven Bragg


Book Description
Cost accounting is an essential management tool that can uncover profitability improvements and provide support for key business decisions. Cost Accounting Fundamentals shows how to improve a business with constraint analysis, target costing, capital budgeting, price setting, and cost of quality analysis. The book also addresses the essential tasks of inventory valuation and job costing, and shows how to create a cost collection system for these activities. In short, this book contains the essential tools needed to foster more profitable decision-making by management. [254 pages]

Table of Contents

Chapter 1. Overview of Cost Accounting
Chapter 2. The Cost Accountant Job Description
Chapter 3. Types of Costs
Chapter 4. Inventory Valuation
Chapter 5. Job Costing
Chapter 6. Process Costing
Chapter 7. Standard Costing
Chapter 8. Joint and By-Product Costing
Chapter 9. Waste Accounting
Chapter 10. Product Pricing
Chapter 11. Target Costing
Chapter 12. Transfer Pricing
Chapter 13. Direct Costing
Chapter 14. Activity-Based Costing
Chapter 15. Constraint Analysis
Chapter 16. Capital Budgeting Analysis
Chapter 17. Cost Collection Systems
Chapter 18. Cost Variability
Chapter 19. Cost of Quality


Cost Accounting Fundamentals provides the necessary tools and concepts required for businesses to successfully compete in today's global marketplace. The strengths and weaknesses of various methodologies seen in practice related to inventory valuation, product pricing and cost analysis are clearly identified and explained. As a result, best practices can be easily derived and implemented. This book will be a valuable addition to any business professional's library. - Tim Scullin, CPA, CFO of SIG Sauer, Inc.

Arguably one of the most important roles in accounting, the cost accountant plays a critical role in supporting tactical business decisions and enhancing profitability. Cost Accounting Fundamentals provides an in-depth explanation of the essentials needed to carry out this critical role, highlighted by easy to understand examples. The book serves as a great "how to" guide for those in cost accounting, those considering a career in cost accounting, or anyone in business who wants to learn more about the profession. -- Steven Randall, Partner, Vonya Global LLC

Cost Accounting Fundamentals is a fantastic guide for any cost or management accountant. The guidance in this book teaches the cost accountant how to be a true business partner to operations. -- Josh Nowack, CPA, Nowack Strategic Business Advisory & CPA

Cost Accounting Fundamentals is a comprehensive manual for the cost accounting professional, detailing concepts, techniques, and practices, particularly focusing on product cost accounting. This excellent manual provides every practicing cost accountant with a vitally important reference. The coverage of target costing, resource consumption cost concepts, and related cost planning and management topics makes this a reference that accounting managers will want to keep within easy reach as their careers advance. -- Barrett Peterson, CPA, Manager, Accounting Standards, Procedures, and Analysis, TTX