Product Costing

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Modern Product Costing Technique in the Age of Competition

Author : Romeo G. Manalo
Publisher : eBookIt.com
ISBN 13 : 1456601539
Total Pages : 64 pages
Book Rating : 4.4/5 (566 download)

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Book Synopsis Modern Product Costing Technique in the Age of Competition by : Romeo G. Manalo

Download or read book Modern Product Costing Technique in the Age of Competition written by Romeo G. Manalo and published by eBookIt.com. This book was released on 2011-03-24 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses an important issue -- the nature of and evidence for success in the transfer costing of internal services or shared services or products within a company. The case of activity-based costing (ABC) is used to explore how the proponents have developed a framework linking Quality, Cost and Delivery (QCD) components of products and services.The QCD performance indices, which are the natural properties of products and services, will form part of the Service Level Agreements between the internal service providers (Shared Services Centers) and internal customers (Profit Centers) of the company. This framework optimizes the use of overhead expenses to the end products of the company.This book also discusses the various cost components of the products and services using the full absorption costing principle. It is a revolutionary idea in the sense that all activity costs are considered variable costs and product costs come from activity costs using various cost drivers.The Principal Component Analysis (PCA), the multi-variate statistical tool, is applied using SPSS to analyze which independent variables contribute significantly to the Product Unit Price (PUP) and which should be given more emphasis in decision making process.

Product Cost Controlling with SAP

Author : John Jordan
Publisher : SAP PRESS
ISBN 13 : 9781493212699
Total Pages : 0 pages
Book Rating : 4.2/5 (126 download)

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Book Synopsis Product Cost Controlling with SAP by : John Jordan

Download or read book Product Cost Controlling with SAP written by John Jordan and published by SAP PRESS. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking for a comprehensive guide to product costing in SAP (SAP CO-PC)? With this best-seller, you'll begin with a breakdown of how to manage master data and configure settings in SAP CO. Next, you'll learn the nitty-gritty details of integrated planning, from creating cost estimates to handling planned costs, actual costs, and final settlements. Contains coverage of SAP HANA, current trends in product cost controlling, and other new functionalities Configuration Learn to manage your master data and tailor your configuration settings based on your particular business requirements. Functionality Understand and implement key functionalities including standard cost estimates, work in progress and variance calculations, reporting, and analysis. Advanced Topics Find answers to your questions about the Material Ledger, subcontracting, delivery costs, user exits, mixed-cost estimates, and more. Highlights: Integration planning Master data Configuration settings Material Ledger confirmation Costing variants Unit cost estimates Simultaneous costings Overhead WIP calculations Settlement -Reporting and analysis

Product Costing

Author : Ralph S. Polimeni
Publisher : McGraw-Hill/Irwin
ISBN 13 : 9780072390841
Total Pages : 0 pages
Book Rating : 4.3/5 (98 download)

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Book Synopsis Product Costing by : Ralph S. Polimeni

Download or read book Product Costing written by Ralph S. Polimeni and published by McGraw-Hill/Irwin. This book was released on 1999-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our primary reason for writing this book was to produce a text that can be easily understood by students and still provide comprehensive coverage of the topics generally found in a cost accounting text. To achieve this goal, we have included extensive illustrations in each chapter and eliminated unnecessary words and details. Every chapter includes the following additional sections to aid the student in understanding the subject matter: chapter review, glossary, comprehensive summary problems with solutions, and assignment materials in the form of questions, multiple choice, exercises, and problems. Whenever applicable, assignment material was adapted from C.P.A. and C.M. A. examinations. Many chapters also include an appendix providing information beyond the scope of that which is normally presented in a cost accounting text. Fundamental concepts and techniques are covered in depth before a student is exposed to the more complex areas of cost accounting. To ensure a solid foundation, this text presents a thorough coverage of product costing. A second part, Cost Accounting: Concepts and Applications for Managerial Decision Making (which includes Chapter ( followed by Chapter 14-24), deals mainly with performance evaluation and managerial decision making. We feel it is vital for students to have a thorough understanding of product costing before they can attempt to analyze the data produced from today's sophisticated cost accounting systems.

The 123s of ABC in SAP

Author : Dawn J. Sedgley
Publisher : John Wiley & Sons
ISBN 13 : 0471210927
Total Pages : 408 pages
Book Rating : 4.4/5 (712 download)

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Book Synopsis The 123s of ABC in SAP by : Dawn J. Sedgley

Download or read book The 123s of ABC in SAP written by Dawn J. Sedgley and published by John Wiley & Sons. This book was released on 2002-03-14 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporate the Benefits of Activity-Based Costing into the Efficiencies of Your SAP R/3 System Given SAP's dominance in the enterprise resource planning (ERP) market, many companies and their managers encounter SAP AG applications in some form or another. Many of these organizations have recognized the value of utilizing Activity-Based Costing/Management concepts to perform more accurate cost assignments or drive performance initiatives. Managers are then faced with trying to determine how Activity-Based Costing can be incorporated into the SAP environment. The 123s of ABC in SAP is the first book of its kind designed to help business managers understand the capabilities of the SAP R/3 business application to support Activity-Based Costing, Management, and Budgeting. Divided into three parts-the conceptual foundation, the capabilities of SAP ABC, and integration with other tools-the book provides readers with the following: * An explanation of how Activity-Based Costing can be used with SAP * Helpful hints for implementing ABC into SAP * Insights into the most common difficulties and potential solutions when implementing ABC into SAP * Summary tables that highlight key decisions to be made, implementation hints, and organizational challenges * Detailed descriptions of SAP software applications to support the Activity-Based Costing approach as well as the integration of SAP R/3 with Oros software * Examples of the tandem usage of Resource Consumption Accounting with Activity-Based Costing

Practical Guide to SAP CO-PC (Product Cost Controlling) in SAP S/4HANA - 2nd edition

Author : Tanya Duncan
Publisher : Espresso Tutorials GmbH
ISBN 13 : 3960122977
Total Pages : 184 pages
Book Rating : 4.9/5 (61 download)

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Book Synopsis Practical Guide to SAP CO-PC (Product Cost Controlling) in SAP S/4HANA - 2nd edition by : Tanya Duncan

Download or read book Practical Guide to SAP CO-PC (Product Cost Controlling) in SAP S/4HANA - 2nd edition written by Tanya Duncan and published by Espresso Tutorials GmbH. This book was released on 2024-03-19 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because of its complex integration, Product Cost Controlling (CO-PC) has often been regarded as the most challenging module in SAP ERP. In this 2nd edition, the most important concepts, business processes, and configuration settings have been updated to cover SAP S/4HANA, including how Material Ledger has evolved in S/4HANA. There is also a new chapter on sales order costing. By concentrating only on the essentials, this book can be easily used as a supplementary guide for readers who are implementing or supporting SAP CO-PC. Transaction and configuration screenshots have been included to illustrate processes and concepts covered in this book, and Fiori app names and GUI transaction codes have also been provided. In addition, this guide examines the integration of CO-PC with other modules, and offers helpful tips to consider during implementation. - Introduction to value flows in SAP S/4HANA Controlling - Step-by-step examples - Configuration for make-to- stock and make-to-order costing - Detailed month-end closing processes

Cost Accounting for Health Care Organizations

Author : Steven A. Finkler
Publisher : Jones & Bartlett Learning
ISBN 13 : 9780834210127
Total Pages : 910 pages
Book Rating : 4.2/5 (11 download)

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Book Synopsis Cost Accounting for Health Care Organizations by : Steven A. Finkler

Download or read book Cost Accounting for Health Care Organizations written by Steven A. Finkler and published by Jones & Bartlett Learning. This book was released on 1999 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough coverage of the essentials of cost accounting from a health care perspective. It covers all of the basic tools of cost accounting common to all industries, and uses health care examples. Part I provides the reader with a solid foundation in the essentials of cost accounting. The chapters in this section provide an introduction to costing and cost definitions. Various approaches to product costing and cost allocation are discussed. Breakeven analysis is also covered, as are techniques for making nonroutine decisions. Part II presents a number of specific tools for improved planning and control. The chapters in this section focus on forecasting and prediction of future costs, budgeting, flexible budgeting, variance analysis, and management control. Part III addresses a number of additional cost accounting tools that can be helpful in generating management information for decision making. Specifically, there are chapters on cost accounting, productivity measurement, inventory, uncertainty, information systems, and performance evaluation. The criticisms of cost accounting and a number of suggested approaches for improvement are discussed in Part IV. The chapters in this part also examine activity-based costing, total quality management, and the future of costing. Each chapter is followed by one or more articles that apply some of the material discussed in the chapter. The last chapter provides a summary of the book.

Practical Guide to SAP CO-PC (Product Cost Controlling)

Author : Duncan Tanya
Publisher : Espresso Tutorials GmbH
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4./5 ( download)

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Book Synopsis Practical Guide to SAP CO-PC (Product Cost Controlling) by : Duncan Tanya

Download or read book Practical Guide to SAP CO-PC (Product Cost Controlling) written by Duncan Tanya and published by Espresso Tutorials GmbH. This book was released on with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because of its complex integration, Product Cost Controlling (CO-PC) is often regarded as the most challenging module in SAP ERP. In this book, you will learn the most important concepts, business processes, and configuration settings. By concentrating only on the essentials, this book will quickly enable you to use it as a supplementary reference guide for implementing or supporting SAP CO-PC. Screenshots of transactions and configuration are included to illustrate written content. This book also dives into CO-PC integration details with other modules and tips on how to properly configure and implement a highly integrated sub-module. This complete and simplified guide to configuration and business processes for SAP Product Costing covers: * Introduction to Value Flows in SAP Controlling * Step-by-Step Examples * Configuration for Product Costing * Detailed Month End Closing Processes

Cost Estimator's Reference Manual

Author : Rodney D. Stewart
Publisher : John Wiley & Sons
ISBN 13 : 9780471305101
Total Pages : 744 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis Cost Estimator's Reference Manual by : Rodney D. Stewart

Download or read book Cost Estimator's Reference Manual written by Rodney D. Stewart and published by John Wiley & Sons. This book was released on 1995-04-03 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's hypercompetitive global marketplace, accurate costestimating is crucial to bottom-line results. Nowhere is this moreevident than in the design and development of new products andservices. Among managing engineers responsible for developingrealistic cost estimates for new product designs, the number-onesource of information and guidance has been the Cost Estimator'sReference Manual. Comprehensive, authoritative, and practical, the Manual instructsreaders in the full range of cost estimating techniques andprocedures currently used in the fields of development, testing,manufacturing, production, construction, software, generalservices, government contracting, engineering services, scientificprojects, and proposal preparation. The authors clearly explain howto go about gathering the data essential to preparing a realisticestimate of costs and guide the reader step by step through eachprocedure. This new Second Edition incorporates a decade of progress in themethods, procedures, and strategies of cost estimating. All thematerial has been updated and five new chapters have been added toreflect the most recent information on such increasingly importanttopics as activity-based costing, software estimating,design-to-cost techniques, and cost implications of new concurrentengineering and systems engineering approaches to projects. Indispensable to virtually anyone whose work requires accurate costestimates, the Cost Estimator's Reference Manual will be especiallyvaluable to engineers, estimators, accountants, and contractors ofproducts, projects, processes, and services to both government andindustry. The essential ready-reference for the techniques, methods, andprocedures of cost estimating COST ESTIMATOR'S REFERENCE MANUAL Second Edition Indispensable for anyone who depends on accurate cost estimates forengineering projects, the Cost Estimator's Reference Manual guidesthe user through both the basic and more sophisticated aspects ofthe estimating process. Authoritative and comprehensive, the Manualseamlessly integrates the many functions--accounting, financial,statistical, and management--of modern cost estimating practice.Its broad coverage includes estimating procedures applied to suchareas as: * Production * Software * Development * General services * Testing * Government contracting * Manufacturing * Engineering * Proposal preparation * Scientific projects * Construction This updated and expanded Second Edition incorporates all the mostimportant recent developments in cost estimating, such asactivity-based costing, software estimating, design-to-costtechniques, computer-aided estimating tools, concurrentengineering, and life cycle costing. For engineers, estimators, accountants, planners, and others whoare involved in the cost aspects of projects, the Cost Estimator'sReference Manual is an invaluable information source that will payfor itself many times over.

The Ultimate Accountants' Reference

Author : Steven M. Bragg
Publisher : John Wiley & Sons
ISBN 13 : 0470106670
Total Pages : 884 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis The Ultimate Accountants' Reference by : Steven M. Bragg

Download or read book The Ultimate Accountants' Reference written by Steven M. Bragg and published by John Wiley & Sons. This book was released on 2006-11-28 with total page 884 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ultimate Accountants’ Reference Including GAAP, IRS & SEC Regulations, Leases, and More, Second Edition updates you on the latest accounting regulations for all aspects of the financial statements, accounting management reports, and management of the accounting department including best practices, control systems, and the fast close. This is the perfect daily answer book for the practicing accountant.

SAP® ERP Financials and FICO Handbook

Author : S. N. Padhi
Publisher : Jones & Bartlett Learning
ISBN 13 : 1449631339
Total Pages : 338 pages
Book Rating : 4.4/5 (496 download)

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Book Synopsis SAP® ERP Financials and FICO Handbook by : S. N. Padhi

Download or read book SAP® ERP Financials and FICO Handbook written by S. N. Padhi and published by Jones & Bartlett Learning. This book was released on 2009-12-21 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This up-to-date quick reference guides the reader through the most popular SAP module. It includes material on SAP ERP Financials, SAP FICO, and SAP R/3. Unlike most books that only provide questions and answers for certification or interview preparation, this book covers fifty common business situations related to ERP Financials/FICO and provides practical solutions for them. In addition, the book begins with over 200 FAQs and certification questions for those who need a quick review of the material. A CD-ROM with FICO templates, short cuts, and color figures from the book is included with the text.

Product Manufacturing and Cost Estimating using CAD/CAE

Author : Kuang-Hua Chang
Publisher : Academic Press
ISBN 13 : 0124046002
Total Pages : 571 pages
Book Rating : 4.1/5 (24 download)

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Book Synopsis Product Manufacturing and Cost Estimating using CAD/CAE by : Kuang-Hua Chang

Download or read book Product Manufacturing and Cost Estimating using CAD/CAE written by Kuang-Hua Chang and published by Academic Press. This book was released on 2013-07-01 with total page 571 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second part of a four part series that covers discussion of computer design tools throughout the design process. Through this book, the reader will... - ...understand basic design principles and all digital design paradigms. - ...understand CAD/CAE/CAM tools available for various design related tasks. - ...understand how to put an integrated system together to conduct All Digital Design (ADD). - ...understand industrial practices in employing ADD and tools for product development. - Provides a comprehensive and thorough coverage of essential elements for product manufacturing and cost estimating using the computer aided engineering paradigm - Covers CAD/CAE in virtual manufacturing, tool path generation, rapid prototyping, and cost estimating; each chapter includes both analytical methods and computer-aided design methods, reflecting the use of modern computational tools in engineering design and practice - A case study and tutorial example at the end of each chapter provides hands-on practice in implementing off-the-shelf computer design tools - Provides two projects at the end of the book showing the use of Pro/ENGINEER® and SolidWorks® to implement concepts discussed in the book

Management and Cost Accounting

Author : Andreas Taschner
Publisher : John Wiley & Sons
ISBN 13 : 3527832815
Total Pages : 321 pages
Book Rating : 4.5/5 (278 download)

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Book Synopsis Management and Cost Accounting by : Andreas Taschner

Download or read book Management and Cost Accounting written by Andreas Taschner and published by John Wiley & Sons. This book was released on 2020-09-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management and cost accounting has been the basic toolbox in business administration for decades. Today it is an integral part of all curricula in business education and no student can afford not to be familiar with its basic concepts and instruments. At the same time, business in general, and management accounting in particular, is becoming more and more international. English clearly has evolved as the "lingua franca" of international business. Academics, students as well as practitioners exchange their views and ideas, discuss concepts and communicate with each other in English. This is certainly also true for cost accounting and management accounting. Management Accounting is becoming increasingly international. "Management and Cost Accounting" is a new English language textbook covering concepts and instruments of cost and management accounting at an introductory level (Bachelor, but also suited for MBA courses due to strong focus on practical applications and cases). This textbook covers all topics that are relevant in management accounting in business organizations and that are typically covered in German and Central European Bachelor classes on cost accounting and management accounting. After an introduction to the topic, including major differences between the German approach and the purely Anglo-Saxon approach of management accounting, the book describes different cost terms and concepts applied in German cost accounting, The book is much more specific here compared to US-American standard textbooks. Based on different cost concepts, the topic of cost behavior is discussed, including the determination of cost functions. The heart of the book guides the reader through the general structure of a fully developed cost accounting system following the German and Central European standard: It starts with cost type accounting, moves on to cost center accounting and finally deals with cost unit accounting, assigning cost to goods and services offered in the market. The remaining parts of the book deal with decision making and how management and cost accounting data can support managers in this task. A comparison of absorption costing and variable costing introduces the reader to management decisions such as product portfolio and outsourcing decisions. Additionally, cost-volume-profit analysis (break-even-analysis) is covered. The book closes with a comprehensive treatment of cost planning and variance analysis.

Cost & Effect

Author : Robert S. Kaplan
Publisher : Harvard Business Press
ISBN 13 : 9780875847887
Total Pages : 380 pages
Book Rating : 4.8/5 (478 download)

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Book Synopsis Cost & Effect by : Robert S. Kaplan

Download or read book Cost & Effect written by Robert S. Kaplan and published by Harvard Business Press. This book was released on 1998 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost and Effect is written for the general manager, and explains activity-based costing systems. It focuses on creating integrated, knowledge-based systems that provide managers with meaningful information, not just data.

Value Based Management

Author : Robert Scarlett
Publisher : Elsevier
ISBN 13 : 9781859714621
Total Pages : 154 pages
Book Rating : 4.7/5 (146 download)

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Book Synopsis Value Based Management by : Robert Scarlett

Download or read book Value Based Management written by Robert Scarlett and published by Elsevier. This book was released on 2001-12-31 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last 25 years a disparate body of management techniques has been developed which seeks to ensure that a business process creates the highest possible value for the owners of, and other stakeholders in, that process. The relevant techniques relate to performance evaluation, decision-making, strategy and organisation. The practical application of these techniques is known as 'value-based management'. This text seeks to explore value-based management through a study of writings in newspapers, professional journals, academic publications, and technical manuals. Most writings included are extracts from longer publications or abridged versions of original articles. * Provides an overview of value-based management in a concise and accessible format * Incorporates case studies and journal articles alongside ground breaking research papers * Perfect for the practitioner pressed for time but needing to keep up to date

Managerial Uses of Accounting Information

Author : Joel Demski
Publisher : Springer Science & Business Media
ISBN 13 : 0387774513
Total Pages : 504 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Managerial Uses of Accounting Information by : Joel Demski

Download or read book Managerial Uses of Accounting Information written by Joel Demski and published by Springer Science & Business Media. This book was released on 2008-05-29 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of Dr. Demski’s book reflects his experiences teaching undergraduates, masters and doctoral students. He emphasizes economic fundamentals as the guiding foundation coupled with an artful application of those fundamentals. This applies to product costing, decision making and evaluation art. Dr. Demski has also removed a great deal of traditional minutiae, in order to keep this theme in constant focus. This thematic approach, in his experience, works in dramatic fashion, and stands in sharp contrast to more traditional presentations of this material. The book is not only for use as a textbook but also as a reference book.

Managerial Accounting

Author : Jerry J. Weygandt
Publisher : John Wiley & Sons
ISBN 13 : 1119404053
Total Pages : 674 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis Managerial Accounting by : Jerry J. Weygandt

Download or read book Managerial Accounting written by Jerry J. Weygandt and published by John Wiley & Sons. This book was released on 2018-05-28 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managerial Accounting teaches students the fundamental concepts of managerial accounting in a concise and easy to comprehend fashion. Stimulating review materials at the end of each section helps students develop their decision-making skills. Students are provided the tools and guidance to take more initiative in their learning, making them more engaged, more prepared, and more confident.

Lean Cost Management

Author : James R. Huntzinger
Publisher : J. Ross Publishing
ISBN 13 : 9781932159516
Total Pages : 352 pages
Book Rating : 4.1/5 (595 download)

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Book Synopsis Lean Cost Management by : James R. Huntzinger

Download or read book Lean Cost Management written by James R. Huntzinger and published by J. Ross Publishing. This book was released on 2007-05-15 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This practical and informative text demonstrates the importance of the relationship between a physically lean enterprise and accounting. It argues that to have continued success in an increasingly competitive marketplace, businesses must streamline both their physical operations and accounting methods.