Management Accounting for Beginners
Accounting skills are increasingly important in many walks of life. In education, these skills are becoming vital beyond business, accounting and economics students; in work, accounting is no longer an outsourced specialism across all sectors. This concise book provides readers with a primer on accounting which focuses on its uses for managers.
Beginning with the basics of financial accounting, the main part of the book focuses on the more applicable role and use of management accounting. Topics covered include budgeting, break-even analysis, performance measurement, and investment appraisal. Features to aid understanding include worked activities; discussion points and numerical example with answers.
With additional online resources for further study, this unique and focused text will be welcomed by all those looking to develop an employable competency in accounting and finance.
Table of Contents
1. Why Are You Doing This? 2. Double-Entry Book-Keeping 3. Interpreting Financial Statements 4. Budgeting 5. Cost Classification and Behaviour 6. Break-Even Analysis 7. Marginal and Absorption Costing 8. Overhead Recovery 9. Activity-Based Costing 10. Performance Measurement 11. Variance Analysis 12. Responsibility Accounting 13. Investment Appraisal 14. What Next? Glossary
Nicholas Apostolides is Senior Lecturer in Accounting and Finance at the University of the West of England, UK
'This book, particularly suitable for those with limited financial and accounting expertise, explains accounting concepts. The well designed activities and examples provide a strong emphasis for financial managers' - Vasco Vendrame, Senior Lecturer, The University of the West of England, UK