Modern Cost Management and Analysis

Real cases study for all financial situation. Great for managers and Jr. Financial Analyst.

This little book is a wonderful review of all the things you need to consider if you are doing accounting in a manufacturing concern. The ideas are applicable as well for service organizations but the examples are geared toward accounting for manufactured products. The authors talk about when or why you would use a certain type of costing method rather than just explain how it's done. For example, they explain the reason for using Just In Time costing and the benefits over traditional cost accounting and describe what performance measures you would use with each system. I'm only halfway through my libray copy but have decided to buy my own to keep for reference.