Designed specifically for individuals who identify and evaluate costs and prepare budgets, this edition has been updated to illustrate concepts with more electronic records examples. It is divided into two parts:
- Part One divides costs into descriptive categories that are explained, discussed, and illustrated with records management examples. It also examines the role of cost categories in budget preparation, price determination, and cost-volume-profit analysis.
- Part Two addresses cost justification concepts and methods and illustrates them with records management examples. It differentiates approaches to cost justification and provides explanations of methods and formulas to determine cost-effectiveness and return on investment.
