A Textbook of Accounting for Management

The book provides a comprehensive coverage of the course-content requirements of the students appearing in the paper ‘Management Accounting’ at the MBA and M.Com. Examinations of different Indian Universities and those of professional institutions. The book has been divided into Five Convenient Sections. Each Section covers a different aspect of ‘Management Accounting’ with the subject divided into chapters covering different topics in a systematic and concise manner. The unique features of this book lie in its simple and systematic presentation of theory, which would enable the students to solve practical problems with ease. The other main strengths of this book are: plentiful illustrative examples and end-of-the-chapter exercises with answers.
Salient Features
• Updated position regarding IFRSs and steps for their convergence in India
• Two new chapters, namely: Human Resource Accounting and Innovative Concepts in Section II of the book
• Section V relating to Case Problems to make the study of the subject more interesting and a real value addition to the knowledge of the reader
Table Of Contents
Section I: Accounting Fundamentals:
• Meaning and Scope of Accounting
• Accounting Principles
• Basic Accounting Terms
• Journalizing Transactions
• Ledger Posting and Trial Balance
• Sub-division of Journal
• Negotiable Instruments
• Final Accounts
• Rectification of Errors
• Depreciation Provisions and Reserves
• Inventory Valuation Section II: Cost and Management Accounting: Management Accounting: Nature and Scope
• Cost Accounting: Meaning and Scope
• Basic Cost Concepts
• Human Resource Accounting
• Innovative Concepts Section III: Financial Analysis:
• Financial Statements: Analysis and Interpretation
• Funds Flow Statements
• Cash Flow Statement Section IV: Planning and Control:
• Budgetary Control
• Innovative Budgeting Techniques
• Standard Costing
• Variance Analysis
• Marginal Costing and Profit Planning
• Decisions Involving Alternative Choices
• Pricing Decisions Section V: Case Problems:
• Accounting Principles
• Preparation and Analysis of Financial Statements
• Funds Flow Statement
• Cash Flow Statement
• Budgetary Control
• Standard Costing
• Decisions Involving Alternative Choices
• Index.