Categories Pricing Corporate
Professional eBook

Process and Activity-Based Costing

Managerial and Cost Accounting

0 Arvioinnit
1 home.book.review
39
Language:  English
This book is the eleventh of fifteen books which introduces the basic principles of accounting.
Professional Plus subscription free for the first 30 days, then $8.99/mo
Kirja ei sisällä mainoksia
Description
Content
Reviews

This book is the eleventh of fifteen books which introduces the basic principles of accounting. In this book you will learn about process and activity-based costing. Key costing concepts include: cost flows, equivalent units, cost allocation to completed units and units in process, journal entries, identifying activities, determining traceable costs and allocation rates, and assigning costs based upon predetermined overhead rates.

  1. Process Costing and Activity-Based Costing
  2. Process Costing
    1. Process Costing
    2. Comparing Job and Process Costing
    3. Introduction to the Cost of Production Report
    4. Job Costing Flows
    5. Process Costing Flows
    6. Job Costing Flows on Job Cost Sheets
    7. Process Costing Flows on Cost of Production Reports
  3. Equivalent Units
    1. Factors of Production
    2. An Illustration of Equivalent Units Calculations
    3. Cost per Equivalent Unit
  4. Cost Allocation to Completed Units and Units in Process
    1. Cost of Production Report
    2. Journal Entries
    3. Subsequent Departments
    4. The Big Picture
    5. FIFO Process Costing
  5. Activity-Based Costing
    1. Pros of ABC
    2. Cons of ABC
    3. The Reality of ABC
    4. A Closer Look at ABC Concepts
    5. The Steps to Implement ABC
    6. A Simple Analogy
    7. A Case Study in ABC
    8. Study Process and Costs
    9. Identify Activities
    10. Determine Traceable Costs and Allocation Rates
    11. Assign Costs to Activities
    12. Determine Per-Activity Allocation Rates
    13. Apply Costs to Cost Objects
    14. What Just Happened?
    15. A Great Tool, But not a Panacea
The book is a must have. Good job indeed.
More reviews
About the Authors
Christopher

Christopher J. Skousen

Chris Skousen, Ph.D. is a Professor and Head of the School of Accountancy at Utah State University. He obtained his Ph.D. at Oklahoma State University and earned MBA and BA degrees from Utah State University. Dr. Skousen gained public accounting auditing experience with KPMG in their Portland, Oregon office, and as an intern in their in Düsseldorf, Germany office, and at Squire & Co. Dr. Skousen has taught accounting at Utah State University, The University of Texas at Arlington, Oklahoma State University, and Brigham Young University-Idaho. He has published in Accounting Horizons, Behavior Research in Accounting, Issues in Accounting Education, Accounting and the Public Interest, and other journals.

Larry

Larry M. Walther

Larry Walther, Ph.D., CPA, CMA, is the EY Professor of Accounting and Senior Associate Dean of the Jon M. Huntsman School of Business at Utah State University. Dr. Walther has authored numerous books and articles on accounting, and he has served as director and/or consultant to a number of public and nonpublic companies. Dr. Walther earned his Ph.D. in accounting from Oklahoma State University and has public accounting experience with the audit firm of Ernst & Young. He is past President of the Federation of Schools of Accountancy and served on the Accounting Accreditation Committee of the Association to Advance Collegiate Schools of Business (AACSB). Dr. Walther is the 2013 recipient of the prestigious Joseph A. Silvoso Faculty Merit Award from the Federation of Schools of Accountancy.