Cost Accounting

1.Solutions Manual of : Cost Accounting-A Managerial Emphasis;11th edition;

A strength of this book is that there are many color diagramsthroughout which illustrate/highlight the material. The treatmentof process cost accounting is thorough and highly simplifiedwith many detailed examples to illustrate the computation ofequivalent units. In process cost accounting, it is criticalto understand the physical flow of costs, as well as,interdepartmental transfers and modified cost assumptions.In addition, there is a thorough treatment of managerialcost accounting in the areas of discounted cash flow, internalrate of return, compounding, depreciation and cash flow,net present value, uncertainty, inflation, capital budgeting,payback and the accounting rate of return. Lastly, there isa good treatment of decentralization and transfer pricing.The book is worth the price of admission. Classic problemsfrom this text have been replicated on some form or anotheron professional and collegiate standardized tests.This work helps to support what is taught in a collegiatefinance course, as well as the cost accounting element.The thrust of a cost accounting course is for the B or betterstudent. There is a fair amount of work in this course.As such, it is geared for accounting, finance or economicsmajors. Quantitatively oriented students will enjoy the presentation as well as a wide constituency of teachersin academe. Even college administrators would find thistext useful for preparing budget schedules and interdepartmentalcost analyses. Engineering companies wouldbenefit by having a detailed analyses of process costing andmanagerial accounting on individual construction jobs.

In graduate school, I utilized this text. In addition, the workwas helpful in preparing for and passing the Uniform CPA Exam.There is good coverage of cost-volume analysis, equivalentunits, margin analysis and other important topics for qualifyingexaminations i.e. CPA Exam. The tables and graphical presentations are helpful as are the problem sets. This work isfor the serious student in accounting.The course requires someserious study, particularly in the area of process costing.

If you are looking for a single volume "bible" on cost accounting, this is likely the best book in print today to fit that bill. It is comprehensive in scope yet has many strengths to ease comprehension and aid readability.The topics are grouped in six main sections each with several chapters on that topic. Since it is unlikely that you will read this reference / text book left to right as you would a novel this organization helps in finding what you are looking for and focusing on the area(s) of interest.There are many helpful illustrations and a good use of color as well as chapter summaries and all the exercises you could ever hope for.A very excellent feature is the use of application problems that take you step-by-step through building an Excel spreadsheet. This is tremendously useful.The web support is also a good help as well as the streaming video vignettes.I honestly find this topic very interesting and the 11th edition of this book to be a very valuable resource.

I HAPPEN TO READ THE BOOK IN THE INSTITUTE OF COST ACCOUNTANTS OF INDIA'S LIBRARY. THE BOOK WAS WONDERFUL. MOST OF THE PROBLEMS SET IN OUR FINAL EXAMINATIONS WERE TAKEN OR COPIED WITH MINOR VARIATIONS FROM YOUR BOOK. THEREFORE IT IS VERY USEFUL FOR STUDENTS LIKE US TO READ YOUR BOOKS AND SCORE GOOD MARKS IN THE EXAMINATION.HOWEVER THE BOOK DOES NOT CONTAIN DETAILED SOLUTIONS. AS A RESULT WE ARE UNABLE TO UNDERSTAND FULLY THE METHODOLOGY OF SOLVING IT. AND THE PRICING IN INDIA IS VERY HIGH TO AFFORD THIS BOOK. THIS MAY BE CONSIDERED BY THE AUTHOR TO MAKE THIS BOOK AT AN AFFORDABLE PRICE FOR AN AVERAGE INDIAN STUDENT.THANKING YOU, YOURS FAITHFULLY,M. RAGHU RAMAN