MANAGEMENT ACCOUNTING - FROM THEORY TO PRACTICE W.3

Discover the fascinating world of management accounting with the latest edition of the book that combines theory and practice! It is the ideal tool for students, practitioners and anyone who wants to understand the principles of management accounting in a modern enterprise. With this book, you will gain knowledge and skills valued by employers, and numerous examples and exercises will help you practically apply the knowledge you gain.

• Understanding the theory and practice of management accounting
• Licensed examples from business practice
• Exercises with solutions and commentaries
• Skills valued by employers
• Knowledge of costs and revenues
• Methods of cost calculation
• Application of variable and fixed cost accounting

"Management Accounting. From Theory to Practice" is a comprehensive study that provides an accessible introduction to the world of management accounting. The book contains numerous examples from business practice and exercises with solutions and commentaries, allowing you to practically apply the knowledge you gain. With this book, you will acquire knowledge and skills valued by employers.

Among the topics presented are: the positioning of management accounting in the accounting system of a unit; the determination of management accounting tasks in various units; the differentiation and classification of revenues; the differentiation of costs from expenditures and inputs, revenues from inflows; the identification, classification and determination of costs; the selection of cost objects for decision-making purposes; the presentation of information on costs; the settlement of departmental, auxiliary, non-productive overhead costs.

The authors also discuss in detail the performance of cost calculations, the separation of processes, activities, operations in an economic unit, the mapping of processes and the determination of the value of processes/activities, the separation of variable and fixed costs, the application of variable cost accounting, including multi-stage and multi-block variable cost accounting. You will also find information on the separation and measurement of quality costs for the purposes of quality cost accounting, the use of product life cycle accounting, and the application of target costing and continuous improvement costing.

The book also presents issues related to mapping strategies, translating missions and visions into measurable objectives, constructing a strategic scorecard, applying customer cost accounting, operational and financial budgeting, analyzing variances in a priori cost accounting, conducting management accounting of responsibility centers and for the purposes of project activities, implementing management accounting in economic units and adapting management accounting solutions to contemporary challenges. It is a complete compendium of knowledge for anyone who wants to understand and use management accounting in practice.