{"product_id":"controllers-guide-to-costing-isbn-9780471713944","title":"Controller's Guide to Costing","description":"Controller's Guide to Costing is a comprehensive source for all issues related to cost accounting, detailing aspects of creating costing systems, how cost accounting systems work, interpreting the results, and how the resulting information can be used, including:  \u003cul\u003e \u003cli\u003eProvides an overview of various costing methodologies.\u003c\/li\u003e \u003cli\u003eWritten in easy to understand language—from one controller to another.\u003c\/li\u003e \u003cli\u003eIncludes information on application, implementation, reporting, problems that can arise, and example case studies.\u003c\/li\u003e \u003c\/ul\u003e  \u003cb\u003ePreface.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eAbout the Author.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Job Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNature of Job Costing.\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of Job Costing.\u003c\/p\u003e \u003cp\u003eJob Costing Data Flow.\u003c\/p\u003e \u003cp\u003eControl Point Issues.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Process Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNature of Process Costing.\u003c\/p\u003e \u003cp\u003eProcess Costing Data Flow, Weighted Average Method.\u003c\/p\u003e \u003cp\u003eProcess Costing Data Flow, Standard Costing Method.\u003c\/p\u003e \u003cp\u003eProcess Costing Data Flow, the FIFO Method.\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of Process Costing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Direct Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of Direct Costing.\u003c\/p\u003e \u003cp\u003eUses of Direct Costing.\u003c\/p\u003e \u003cp\u003eProblems with Direct Costing.\u003c\/p\u003e \u003cp\u003eUsing Direct Costing for Cost Control.\u003c\/p\u003e \u003cp\u003eImpact of Direct Costing on Reported Financial Results.\u003c\/p\u003e \u003cp\u003eImpact of Direct Costing on Inventory Valuation.\u003c\/p\u003e \u003cp\u003eCase Study.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Standard Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePurpose of Standard Costs.\u003c\/p\u003e \u003cp\u003eProblems with Standard Costs.\u003c\/p\u003e \u003cp\u003eFormulation of Standard Costs.\u003c\/p\u003e \u003cp\u003eStandard Costs for Pricing.\u003c\/p\u003e \u003cp\u003eStandard Costs for Budgeting.\u003c\/p\u003e \u003cp\u003eStandard Costs for Inventory.\u003c\/p\u003e \u003cp\u003eStandard Cost Entry.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 LIFO, FIFO, and Average Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLast-In First-Out Method.\u003c\/p\u003e \u003cp\u003eFirst-In First-Out Method.\u003c\/p\u003e \u003cp\u003eAverage Costing Method.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Throughput Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThroughput Definitions.\u003c\/p\u003e \u003cp\u003eThroughput Model.\u003c\/p\u003e \u003cp\u003eThroughput Accounting and Volume Purchasing Decisions.\u003c\/p\u003e \u003cp\u003eThroughput Accounting and Capital Budgeting Decisions.\u003c\/p\u003e \u003cp\u003eThroughput Accounting and Outsourcing Decisions.\u003c\/p\u003e \u003cp\u003eThroughput Accounting and Unprofitable Products.\u003c\/p\u003e \u003cp\u003eThroughput and Traditional Accounting Compared.\u003c\/p\u003e \u003cp\u003eProblems with the Throughput Model.\u003c\/p\u003e \u003cp\u003eReporting with the Throughput Model.\u003c\/p\u003e \u003cp\u003eSystemic Changes Required for Acceptance of the Throughput Model.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Joint and By-Product Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNature of Joint Costs.\u003c\/p\u003e \u003cp\u003eReasoning Behind Joint and By-Product Costing.\u003c\/p\u003e \u003cp\u003eJoint Cost Allocation Methods.\u003c\/p\u003e \u003cp\u003ePricing of Joint Products and By-Products.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Activity-Based Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eShortcomings of Traditional Cost Allocation Systems.\u003c\/p\u003e \u003cp\u003eOverview of Activity-Based Costing.\u003c\/p\u003e \u003cp\u003eProblems with Activity-Based Costing.\u003c\/p\u003e \u003cp\u003eImplementing an Activity-Based Costing System.\u003c\/p\u003e \u003cp\u003eBill of Activities.\u003c\/p\u003e \u003cp\u003eUses of Activity-Based Costing.\u003c\/p\u003e \u003cp\u003eActivity-Based Management.\u003c\/p\u003e \u003cp\u003eRole of the Cost Accountant in an ABC System.\u003c\/p\u003e \u003cp\u003eCase Study.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Target Costing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDescription of Target Costing.\u003c\/p\u003e \u003cp\u003eProblems with Target Costing.\u003c\/p\u003e \u003cp\u003eCost Accountant’s Role in a Target Costing Environment.\u003c\/p\u003e \u003cp\u003eImpact of Target Costing on Profitability.\u003c\/p\u003e \u003cp\u003eTarget Costing Data Flow.\u003c\/p\u003e \u003cp\u003eMost Useful Situations for Target Costing.\u003c\/p\u003e \u003cp\u003eTarget Costing Control Points.\u003c\/p\u003e \u003cp\u003eImplementing a Target Costing System.\u003c\/p\u003e \u003cp\u003eCase Study.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Costing Systems Summary.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBrief Review of Costing Systems.\u003c\/p\u003e \u003cp\u003eApplications of Costing Systems.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eSTEVEN M. BRAGG\u003c\/b\u003e, CPA, CMA, CIA, CPIM, has been the CFO or controller of four companies, as well as a consulting manager at Ernst \u0026amp; Young and auditor at Deloitte \u0026amp; Touche. He received a master's degree from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. Mr. Bragg resides in Centennial, Colorado. He has written over twenty books, including \u003ci\u003eAccounting Best Practices\u003c\/i\u003e, \u003ci\u003eAccounting Reference Desktop\u003c\/i\u003e, and \u003ci\u003eControllership: The Work of the Managerial Accountant\u003c\/i\u003e, all from Wiley.  The modern corporate controller has many duties, including budgeting, tax planning, dealing with auditors, creating financial statements, and monitoring control systems. All are important, but at the core of the controller's job is a thorough understanding of a company's cost structure. Without this knowledge base, the controller is much less capable of predicting expenses, recommending operational changes, or evaluating the performance of business units. Controller's Guide to Costing covers every major costing methodology: the traditional job and process costing concepts, as well as direct costing, standard costing, and several inventory layering techniques.  \u003cp\u003eWritten by bestselling author Steven Bragg, who shares his decades of experience as a CFO for several major corporations, Controller's Guide to Costing provides a comprehensive, one-stop resource for controllers, treasurers, accountants, financial analysis personnel, and auditors. Accessible and easy to understand, this seminal work also addresses more specialized costing methodologies, such as throughput accounting for bottleneck analysis, target costing for new product decision-making, and activity-based costing for more precise cost application. These costing methodologies often vary considerably from each other in their purposes, so the book includes a costing systems summary that identifies which technique to use for different objectives. In addition, specific recommendations are made regarding such key management decisions as outsourcing, cost reduction analysis, scrap costing, and capacity utilization.\u003c\/p\u003e \u003cp\u003eController's Guide to Costing examines control point issues associated with a costing system, with great focus on the advantages and disadvantages of each costing methodology, key terminology, and the flow of data through the system, including specific journal entries where applicable. It also addresses additional topics where they are relevant to a specific costing methodology, such as the impact of direct costing on reported financial results, the formulation of standard costs, the use of throughput accounting for capital budgeting decisions, joint cost allocation methods, and using a bill of activities within an activity-based costing system. Case studies elucidate key costing concepts wherever necessary.\u003c\/p\u003e \u003cp\u003eBy condensing a broad range of costing information into one comprehensive reference, Controller's Guide to Costing allows controllers to gain a solid understanding of every major costing methodology quickly and easily. However, this thorough book goes further to provide controllers with a wide array of costing tools to analyze and resolve many key management issues that will help them always retain their competitive edge in their field.\u003c\/p\u003e  \" Steven Bragg has again developed a useful and helpful book to assist in doing the difficult job of controller. Controller's Guide to Costing is an excellent handbook to understanding and implementing job costing. \"\u003cbr\u003e —Gail W. Sevier, Member\/Manager Marrs, Sevier \u0026amp; Company, LLC  \u003cp\u003eA one-stop reference to cost accounting\u003c\/p\u003e \u003cp\u003eA controller's job is multifaceted. But in order to do all aspects of the job effectively, a controller needs to have in-depth knowledge of the very core of the job: the company's cost structure. Enlightening controllers on the numerous, diverse costing methodologies, Controller's Guide to Costing provides a comprehensive resource on all issues relating to cost accounting.\u003c\/p\u003e \u003cp\u003eWritten in an easy-to-understand language—from one controller to another—Controller's Guide to Costing details the aspects of creating costing systems, how cost accounting systems work, how to interpret the results, and how the resulting information can be used. This complete overview also covers application, implementation, reporting, pitfalls to avoid, and the impact on reported financial results, as well as case studies to further explain concepts wherever necessary.\u003c\/p\u003e \u003cp\u003eController's Guide to Costing provides controllers, treasurers, accounting and financial analysis personnel, and auditors with a one-stop source to all their cost accounting questions.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988987887845,"sku":"NP9780471713944","price":85.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471713944.jpg?v=1761782328","url":"https:\/\/k12savings.com\/products\/controllers-guide-to-costing-isbn-9780471713944","provider":"K12savings","version":"1.0","type":"link"}