Management and Cost Accounting Student Manual

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 35 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 12th 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.Michael E Tayles University of Hull 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.

For over forty years, Management and Cost Accounting has helped learners master the intricacies of accounting through a successful blend of theory and practice.The Student Manual is a practical companion to the corresponding new edition of Management and Cost Accounting, featuring a wealth of questions for each chapter topic which empower students to practise and reinforce key concepts of management and cost accounting. This eleventh edition has been comprehensively revised by Colin Drury's colleague and friend, Mike Tayles, in line with the author's plans and notes.

Part I Questions1. An introduction to cost terms and concepts2. Cost assignment3. Accounting entries for a job costing system4. Process costing5. Joint and by-product costing6. Income effects of alternative cost accumulation systems7. Cost volume profit analysis8. Measuring relevant costs and revenues for decision-making9. Pricing decisions and profitability analysis10. Activity-based costing11. Decision-making under conditions of risk and uncertainty12. Capital investment decisions: appraisal methods13. Capital investment decisions: the impact of capital rationing, taxation, inflation and risk14. The budgeting process15. Management control systems16. Standard costing and variance analysis 117. Standard costing and variance analysis 2: further aspects18. Divisional financial performance measures19. Transfer pricing in divisionalized companies20. Strategic performance management21. Strategic cost management and value creation22. Cost estimation and cost behaviour23. Quantitative models for the planning and control of inventories24. The application of linear programming to management accountingPart II Solutions25. An introduction to cost terms and concepts26. Cost assignment27. Accounting entries for a job costing system28. Process costing29. Joint and by-product costing30. Income effects of alternative cost accumulation systems31. Cost volume profit analysis32. Measuring relevant costs and revenues for decision-making33. Pricing decisions and profitability analysis34. Activity-based costing35. Decision-making under conditions of risk and uncertainty36. Capital investment decisions: appraisal methods37. Capital investment decisions: the impact of capital rationing, taxation, inflation and risk38. The budgeting process39. Management control systems40. Standard costing and variance analysis 141. Standard costing and variance analysis 2: further aspects42. Divisional financial performance measures43. Transfer pricing in divisionalized companies44. Strategic performance management45. Strategic cost management and value creation46. Cost estimation and cost behaviour47. Quantitative models for the planning and control of inventories48. The application of linear programming to management accounting