Author Description

Designed to prepare young people for the many opportunities available in cost accounting. After an overview of the nature and purpose of cost accounting, the student learns that cost flow matches work flow and must adapt to changes in business. then the student is lead through a gradual unfolding of the knowledges, skills, relationships, judgments, and practical applications of job accounting. Job order accounting is explored first, followed by process costing, budgeting, standard costing, non-manufacturing costs, direct costing, and the application of data processing techniques to costing procedures.