Costing Techniques


The concept defines and describes various advanced costing techniques. It discusses how they can be used by professionals and managers and outlines success factors and implementation steps.

Technique Overview

Costing Techniques

Costing Techniques Definition

Costing techniques are methods for ascertaining cost-for-cost control and decision-making purposes. They can be applied to make-or-buy decisions, negotiation, price appraisal and assessing purchasing performance (Lysons & Farrington, 2006).

Costing Techniques Description *

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Business Evidence

Strengths, weaknesses and examples of Costing Techniques *

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Business Application

Implementation, success factors and measures of Costing Techniques *

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Professional Tools

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Further Reading

Costing Techniques web and print resources *

Costing Techniques references (4 of up to 20) *

  • Arnaboldi, M. and Lapsley, I. (2005) Activity based costing in healthcare: a UK case study. International Society for Research in Healthcare Financial Management Ltd. [online] Available at: (www.freepatentsonline.com/article/Research-in-Healthcare-Financial-Management/141802258.html).
  • Burch, J. (1994) Cost and management accounting. West Publishing: Minnesota.
  • CIMA (1991) Management Accounting: Official Terminology. The Chartered Institute of Management Accountants: Oxford, UK.
  • CIMA (2005) CIMA Official Terminology. The Chartered Institute of Management Accountants: Oxford, UK.

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