Management Accounting

Management accounting is concerned with providing information to managers?that is, people inside an organization who direct and control its operations. These operations include making decisions regarding planning the future course of the business, pricing products or services so as to cover costs and make profit, planning and allocating capital resources, acquiring and evaluating human resources, and evaluating the business segments and its managers. This book is designed as a comprehensive and analytical treatise to fill the gaps created by the non-availability of good management books. This book describes both theory and common practices in simple and lucid manner so that the students can understand how to produce information that is useful in day-to-day decision making. It is particularly written for the managers, management accountants and professional students to reason out the cost and management accounting issues for themselves. Also, this would prove to be very useful for the students who do not have a basic knowledge of management accounting or who need help in improving their performance as the concepts are explained with a number of illustrations and diagrams for clear understanding of the subject matter. The book seeks to build and develop familiarity with analytical techniques in internal and external decision-making in the competitive world. It contains 786 solved problems, 189 unsolved problems, around 300 theoretical questions and 14 case studies for class discussion, EDP and FDP. This book is structured in such a way that it can be used in both semester as well as trimester patterns of various MBA, MCom, PGDM, PGP, PG courses of all major universities, and CA, CS, CFA, CWA, CPA of professional and autonomous institutions.