Management Accounting: South African Edition

Part 1 Introduction to Management Accounting

1. Management Accounting: Information for Managing Resources and Creating Value
2. Management Accounting: Cost Terms and Concepts

Part 2 Costs and Costing Systems

3. Cost Behaviour, Cost Drivers and Cost Estimation
4. Product Costing Systems
5. Process Costing and Operation Costing
6. Service Costing
7. A Closer Look at Overhead Costs
8. Activity-Based Costing

Part 3 Information for Managing Resources

9. Budgeting Systems
10. Standard Costs for Control: Direct Material and Direct Labour
11. Standard Costs for Control: Flexible Budgets and Manufacturing Overhead
12. Financial Performance Reports and Transfer
13. Financial Performance Measures for Investment Centres, and Reward Systems
14. Contemporary Approaches to Measuring and Managing Performance
15. Managing Costs and Time for Customer Value
16. Managing Suppliers, Customers and Quality
17. Environmental and Social Management Accounting

Part 4 Information for Creating Value

18. Cost Volume Profit Analysis
19. Information for Tactical Decisions
20. Pricing and Product Mix Decisions
21. Capital Expenditure Decisions: an Introduction
22. Further Aspects of Capital Expenditure Decisions
23. Further Questions from Professional Examinations

This new Southern African edition of Kim Langfield-Smith and Helen Thorne’s best-selling Australian Management Accounting text explains the contemporary role of management accounting in organisations – supporting a company’s quest for enhancing shareholder and customer value. The effective management of resources, both financial and non-financial, is essential to creating value. Retaining the strategic approach and comprehensive coverage but thoroughly adapted for Southern Africa, Management Accounting Southern African edition is suitable for the one- or two-semester undergraduate course, and is ideal for use over two years of study.