This book is designed to equip the student with a comprehensive knowledge of the theory and practice of costing.
The aim is to help: 1) understand the information generated by the use of costing systems and 2) interpret and use cost information.
The material is organized according to the outline and classical teaching principles of the course, as taught in most tertiary education institutions.
The book extensively covers the principles, techniques, and methods involved in cost accounting. The first and second parts provide detailed coverage of the objectives, principles, techniques, and methods of costing related to cost analysis, accumulation, and allocation. The third and fourth parts concern the use of cost information in planning, control, and decision making. In all parts, theory is accompanied by practical examples that highlight the importance and relationships of various costing perspectives. [...]