Management and Cost Accounting" by Colin Drury is a comprehensive textbook designed to provide an in-depth understanding of cost and management accounting principles and practices. The book explores various costing techniques, including absorption costing, marginal costing, and activity-based costing, offering clear explanations and practical examples to help students grasp the concepts. It bridges the gap between theory and practice by incorporating real-life applications and case studies, demonstrating how accounting data is used for decision-making in businesses. The text covers essential topics such as budgeting, financial forecasting, performance evaluation, and cost management, with a strong focus on how businesses use accounting information for management control. Emphasizing decision-making, the book addresses areas like pricing, product profitability analysis, and cost-volume-profit relationships. Overall, Drury's work serves as a valuable resource for students and professionals in accounting, finance, and business management, providing a solid foundation for understanding the crucial role of cost and management accounting in organizational success.
