Your goals for this managerial accounting introduction chapter are to learn about: x The distinguishing characteristics of managerial accounting x The role of managerial accounting in support of planning, directing, and controlling x Key production cost components: direct materials, direct labor, and factory overhead
capital cost accounting is justified depending on the scope of powers and responsibilities of managers The features for choosing human capital cost accounting model are considered depending on the classification of responsibility centers Keywords: Human Capital, Responsibility Centers, Cost Accounting Model, Intangible Assets, Profitability
Parallel to the developments in other countries, implementation of cost and management accounting practices are gaining momentum in Turkey Number of books and journal articles published about the subject is increasing everyday parallel to these developments as well There have been many published cost and management accounting books since 1950s
and by-products However, cost accounting texts written expressly for health care are scarce This book thoroughly covers the essentials of cost accounting from a health care perspective, in-cluding all of the basic tools of cost accounting common to all industries, using health care examples
the same cost accounting methods in both sectors (Terzioglu & Chan, 2013) Cost accounting aims to give management basis for decision making, improved efficiency and how to enhance the performance of the company By using cost information, the company can allocate its resources to more profitable areas and see how and where costs originate, this is
accounting in general and activity based costing, where the focus is on how able to produce a reliable result, therefore the paper used scientific articles
which increase the perceived importance of cost accounting The findings books and journal articles published about the subject is increasing everyday