Learn to: Understand the basic concepts, terminology and methods in management and cost accounting Interpret accounting information for business decisions and budgeting Manage costs in your organisation Get to grips with management and cost accounting -- fast With easy-to-understand explanations and real-life examples, Management & Cost Accounting For Dummies provides students and trainees with the basic concepts, terminology and methods to identify, measure, analyse, interpret and communicate accounting information in the context of managerial decision-making. Get a bird's-eye view -- find out what management and cost accounting is all about, why it's so important and what every accountant and businessperson needs to know about it Learn the costs of doing business -- get the lowdown on the various kinds of business costs, how they behave, and how to tackle job costing, process costing and product costing Be the man, or woman, with a plan -- learn about the key role business accountants play in planning and budgeting for the future Go with the flow -- discover how to develop dynamic budgets and how budgeting is key to long- and short- term business decisions Gear up -- outfit yourself with powerful accounting tools for monitoring, evaluating and controlling activities throughout your organisation Open the book and find: Tools and techniques for communicating accounting information The balanced scorecard and the theory of constraints -- two must-have tools Ways to use management accounting for evaluation and budgetary control How to classify and allocate the different types of costs Ten key management accounting formulas Ten careers in management and cost accounting.