Cho Hyun-seok et al.: Level 1 Cost Management Specialist

Cost management is not merely a task of recording books and performing calculations; it requires the ability to report in a predictable and timely manner to enable rational judgment in future management decisions. Therefore, it must be able to provide real-time data necessary for economic decision-making, which aids in calculating optimal production volume, selling price, and cost. Based on these fundamental principles, this textbook, *Cost Management Specialist*, addresses the difficulty students often face in studying cost management due to the need to calculate costs using complex formulas. Reflecting this, the content of the book has been structured to be as accessible as possible, allowing students to solve difficult problems easily by progressing through easier ones. First, it covers the basics of cost accounting. Specifically, it teaches the role of accounting professionals within an organization, what costs truly are, how costs move, and how to analyze the relationship between cost, activity, and profit. Second, it covers the flow of costs within an organization. It examines the accounting cycle of manufacturing companies through cost flow and provides an overall perspective on cost accounting regarding the generation of accounting information and the preparation of financial statements. Third, it covers the cost calculation process for organizational management activities. After studying basic cost and revenue allocation, students learn traditional cost accounting methods by studying individual costing, comprehensive costing, and joint costing. Fourth, it covers tools for establishing and controlling management plans. Variance analysis is studied along with variable costing. Modern companies must make better decisions regarding long-term planning and investment due to issues such as resource depletion.

Korean title: 원가관리사 1급

Korean author: 조현석 외

Korean publisher: 교육과학사

ISBN-13: 9788925415864