Cost accounting and cost management

Cost accounting is an important instrument of corporate management and therefore an indispensable element of an economics degree course. This book deals with the basics of cost accounting as well as its different areas and the procedures that can be applied there. In addition, systems of contribution margin accounting, planned cost accounting and activity-based costing are dealt with. A further essential subject of the book is the approaches to cost management which are closely related to cost accounting and partly originate from it, of which target costing, life cycle costing and benchmarking are discussed in detail. The individual methods and systems are each presented in a general form, illustrated by means of an example, and assessed with regard to their applicability and realism. Numerous exercises.