Management and Cost Accounting in South Africa

List of contents

Part I: Introduction to management and cost accounting
Chapter 1: Introduction to management accounting
Chapter 2: An introduction to cost terms and concepts

Part II: Cost accumulation for inventory valuation and profit measurement
Chapter 3: Cost estimation and cost behaviour
Chapter 4: Cost assignment
Chapter 5: Activity-based costing
Chapter 6: Accounting entries for a job costing system
Chapter 7: Absorption and variable costing systems
Chapter 8: Joint and by-product costing
Chapter 9: Process costing

Part III: Information for decision-making
Chapter 10: Cost?volume?profit analysis
Chapter 11: Measuring relevant costs and revenues for decision-making
Chapter 12: Pricing decisions and profitability analysis
Chapter 13: Decision-making under conditions of risk and uncertainty
Chapter 14: Capital investment decisions: appraisal methods
Chapter 15: Capital investment decisions: the impact of capital rationing, taxation, inflation and risk

Part IV: Information for planning, control and performance measurement
Chapter 16: The budgeting process
Chapter 17: Management control systems
Chapter 18: Standard costing and variance analysis I
Chapter 19: Standard costing and variance analysis 2: further aspects
Chapter 20: Divisional financial performance measures
Chapter 21: Transfer pricing in divisionalised companies

Part V: Strategic performance and cost management, value creation and challenges for the future
Chapter 22: Strategic performance management
Chapter 23: Strategic cost management and value creation
Chapter 24: Challenges for the future

Part VI: The application of quantitative methods to management accounting (Online)

About the author

The late Colin Drury was at Huddersfield University from 1970 until his retirement in 2004, when he was awarded the title of Emeritus Professor. For the last 40 years, Professor Colin Drury had been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his bestselling textbooks, which have been widely recommended by the main professional accounting bodies for their examinations. He was an active researcher throughout his career and his research had been published in around 100 professional and academic journals. In recognition for his contribution to accounting education and research, Drury was given a lifetime achievement award by the British Accounting Association in 2009. Drury’s Flagship title Management and Cost Accounting was first published in 1985 and is now in its 11th edition. It established itself as one of the leading management accounting textbooks in EMEA. It is known, not just for its rigour and authority, but particularly for Drury’s down-to-earth style that reflected his background as a practising accountant before his involvement in academia.Professor Mike Tayles holds the Emeritus Chair in Accounting and Finance at The University of Hull. During his career he has been a Visiting Professor at various universities internationally as well as the Head of Management Accounting and Programme Director of various Degree Programs. He has been an Examiner/Lead Marker for both the ACCA and CIMA. Mike Tayles is a Chartered Management Accountant with a first degree in mathematics and economics and a doctorate in contemporary management accounting practices. He has worked in various manufacturing industries, holding such positions as group management accountant and financial controller. Mike Tayles' research interests include management accounting practices, cost system design, activity-based cost management and developments in strategic management accounting, including quality and intellectual capital. He has presented papers at national and international conferences, published articles in professional and international academic journals and research reports. He has consulting and research experience in both manufacturing and service businesses.Frans Benade is a qualified Chartered Accountant who lectured on the Postgraduate Diploma in Accounting in Management and Cost Accounting and Financial Management for 30 years. In between academic stretches he served as financial manager at several investment banks, specialising in management reporting. He also acts as consultant to various labour sectors. In 2017 he retired as a senior lecturer in the Department of Financial Intelligence at UNISA, and lectured at undergraduate level at the IIEMSA on a contract basis.William Arthur Bishop is a registered Chartered Accountant of South Africa and a senior lecturer in Management Accounting in the School of Accountancy at Stellenbosch University. He has a passion for teaching and started pursuing a career in academia after working as a quality assurance manager at a firm in Cape Town. His current research focus is in the field of business management.Liesel Botha is currently a senior lecturer at the School of Accounting Sciences at North-West University, lecturing advanced management decision-making and control and strategic business leadership. She is a qualified Chartered Accountant, holding a Master of Commerce in Managerial Accountancy as well as an Advanced Diploma in Management Accounting from the Charted Institute of Management Accounts (CIMA).Shaun de Wet is an academic consultant to the tertiary education sector and a Director at AOV (Asset Orchestration. Value.), a strategic management accounting consulting firm. He is a member of the Chartered Institute of Management Accounts (CIMA) and has recently completed his PhD in Finance at the University of Johannesburg.Lize Duminy is a lecturer in the School of Accountancy at Stellenbosch University. She is a qualified Chartered Accountant with a Master of Commerce Accounting Sciences (with distinction) from the University of Pretoria.Denny Emslie is a registered Chartered Accountant of South Africa, and also holds a MPhil in Development Finance and a Postgraduate Diploma in Higher Education and Training. Having been a Senior Lecturer for over 17 years in the Accounting Department of the University of Fort Hare, she is now a freelance facilitator and consultant.Nicolaas Strydom is a Lecturer at the Department of Accountancy, University of Johannesburg. He holds a PhD in Finance from the University of Johannesburg.

Summary

For forty years, Colin Drury’s Management and Cost Accounting has successfully helped students master the key concepts and processes of management and cost accounting.
The South African edition of this very popular text has been written specifically with the needs of South African students in mind, ensuring that they have a solid base and good understanding of accounting principles, before progressing to any new content. With a clear and accessible style, which incorporates additional notes and explanations, it covers everything students need to know for their management accounting career and exams, including many South African as well as international real-world examples. It features a balanced range of review problems from accounting examination bodies, including CIMA, ACCA and SAICA. This edition also includes introductions to emerging new technologies such as big data, the Internet of Things and AI.

Product details

• Authors: Frans Benade, William Bishop, Bishop William, Liesel Botha, Shaun De Wet, Colin Drury, Lize Duminy, Denny Emslie, Nicolaas Strydom, Mike Tayles
• Publisher: Cengage Learning
• Languages: English
• Product format: Paperback / Softback
• Released: 31.08.2022
• EAN: 9781473773936
• ISBN: 978-1-4737-7393-6
• Dimensions: 197 mm x 33 mm x 261 mm
• Weight: 1600 g
• Subjects: Education and learning > Schoolbooks, general education schools; BUSINESS & ECONOMICS / Management, Management & management techniques, Management and management techniques