Description
This book equips CPA learners with the knowledge and skills to apply cost estimation, cost accounting and management accounting techniques for decision making, following the KASNEB syllabus for Paper No. 11. It covers the context of management accounting, costing terms and cost behaviour, cost estimation using account analysis, high-low, scatter graph and least squares regression, and accounting for materials, labour and overheads. It also covers activity-based costing, job, batch, service and process costing, joint and by-products, marginal and absorption costing, cost-volume-profit analysis and short-term decisions, budgetary control, and standard costing and variance analysis, with fully worked examples and Kenyan business cases throughout.
