خرید و دانلود نسخه کامل کتاب Cost Management Techniques And Standard Cost Accounting

PART -A Strategic Cost Management is the application of COST MANAGEMENT TECHNIQUES that simultaneously improve the strategic position of a firm and reduce costs. Strategic cost management methods can be applied in service, manufacturing, and not-for-profit arenas. Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.Cost Management is one of the primary functions of Project Managers.Cost management is the control of actual or forecasted costs incurred by a business. PART -B Standard costing is the practice of substituting an expected cost for an actual cost in the accounting records, and then periodically recording variances showing the difference between the expected and actual costs. This approach represents a simplified alternative to cost layering systems, such as the FIFO and LIFO methods, where large amounts of historical cost information must be maintained for items held in stock,refers to managing an individual’s investments.An estimated or predetermined cost of performing an operation or producing a good or service, under normal conditions. Standard costs are used as target costs (or basis for comparison with the actual costs), and are developed from historical data analysis or from time and motion studies.