Higher Education


Management and Cost Accounting, 10th Edition

Author(s): Colin Drury

ISBN: 9789355735133

Edition: 10th

© Year : 2018

Rs. 1099

Binding: Paperback

Pages: 816

Trim Size : 279 x 216 mm

For over thirty years, Colin Drury has been at the forefront of helping students learn the key concepts and processes in management and cost accounting through his textbooks. Now in its tenth edition, Management and Cost Accounting has been the leading textbook in the field for three decades, and continues to blend theory and practice in language that is clear and accessible. As well as covering everything students need to know for management accounting and cost accounting modules on undergraduate courses, or postgraduate students studying these topics for the first time, this book will also help prepare those taking the professional accounting bodies’ management and cost accounting examinations. The new edition has been completely updated to reflect recent developments in the field, and now includes additional emphasis on value creation, and links strategic performance management more closely to divisional financial performance measurement. An entirely new chapter has also been added looking at the challenges management accountants will face in the future

  • LEARNING NOTES In order to meet the different requirements of lecturers and different course curriculum, various topics are included as learning notes that can be accessed by students and lecturers in the digital support resources accompanying this book. Examples of topics that are incorporated as learning notes include: determining the cost driver denominator level for use with ABC systems, the contingency approach to management accounting and statistical variance investigation models. The learning notes tend to include the more complex issues that often do not feature as part of the content of other management accounting textbooks.
  • CASE STUDIES Over 30 case studies are available in the digital support resources for this book. Both lecturers and students can download these case studies from the book’s companion website. Teaching notes for the case studies are only available for lecturers to download. The cases generally cover the content of several chapters and contain questions to which there is no ideal answer. They are intended to encourage independent thought and initiative and to relate and apply your understanding of the content of this book in more uncertain situations. They are also intended to develop your critical thinking and analytical skills.
  • INTERNATIONAL FOCUS The book has now become an established text in many different countries throughout the world. Because of this, a more international focus has been adopted. A major feature is the presentation of boxed exhibits of surveys and practical applications of management accounting in companies in many different countries, particularly on the European mainland.
  • new chapter (‘Challenges for the future’) has been added that focuses on the emerging issues that are likely to have an impact on management accounting and considers some potential future developments in management accounting. The end result has been an extensive rewrite of the text.
  • ASSESSMENT MATERIAL Throughout this book, I have kept the illustrations simple. You can check your understanding of each chapter by answering the review questions. Each question is followed by page numbers within parentheses that indicate where in the text the answers to specific questions can be found. More complex review problems are also set at the end of each chapter to enable students to pursue certain topics in more depth. Each question is graded according to the level of difficulty.
  • RECOMMENDED READING A separate section is included at the end of most chapters providing advice on key articles or books which you are recommended to read if you wish to pursue topics and issues in more depth. Many of the references are the original work of writers who have played a major role in the development of management accounting. The contribution of such writers is often reflected in this book but there is frequently no substitute for original work of the authors. The detailed references are presented in the Bibliography towards the end of the book.

PART ONE-Introduction to management and cost accounting

1 Introduction to management accounting

2 An introduction to cost terms and concepts

PART TWO- Cost accumulation for inventory valuation and profit measurement

3 Cost assignment

4 Accounting entries for a job costing system 

5 Process costing

6 Joint and by-product costing

7 Income effects of alternative cost accumulation systems

PART THREE- Information for decision-making

8 Cost–volume–profit analysis

9 Measuring relevant costs and revenues for decision-making

10 Pricing decisions and profitability analysis

11 Activity-based costing

12 Decision-making under conditions of risk and uncertainty

13 Capital investment decisions: appraisal methods

14 Capital investment decisions: the impact of capital rationing, taxation, inflation and risk

PART FOUR-Information for planning, control and performance measurement 366

15 The budgeting process

16 Management control systems

17 Standard costing and variance analysis 1

18 Standard costing and variance analysis 2:further aspects

19 Divisional financial performance measures

20 Transfer pricing in divisionalized companies

PART FIVE-Strategic performance and cost management and challenges for the future

21 Strategic performance management

22 Strategic cost management and value creation

23 Challenges for the future

PART SIX-The application of quantitative methods to management accounting

24 Cost estimation and cost behaviour

25 Quantitative models for the planning and control of inventories

26 The application of linear programming to management accounting

Colin Drury

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 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.