Management Accounting

Preface to the Eighth Edition 
Preface to the First Edition


Part 1 Background
Chapter 1 Nature of Management Accounting 


Part 2 Financial Accounting
Chapter 2 Generally Accepted Accounting Principles and Accounting Standards
Chapter 3 Accounting Cycle and Statements of Financial Information 
Chapter 4 Understanding Corporate Financial Statements and Reports 


PART 3 Financial Analysis
Chapter 5 Statement of Cash Flows
Chapter 6 Financial Statements Analysis 


PART 4 Cost Accumulation
Chapter 7 Cost Concepts and Management Needs 
Chapter 8 Costing and Control of Materials 
Chapter 9 Costing and Control of Labour 
Chapter 10 Costing and Control of Factory (Manufacturing) Overheads 
Chapter 11 Costing and Control of Administrative, Selling and Distribution
Chapter 12 Activity Based Costing System 
Chapter 13 Job-order, Batch and Service Costing 
Chapter 14 Process, Joint and By-product Costing 
Chapter 15 Variable Costing and Absorption 


PART 5 Profit Planning
Chapter 16 Volume-Cost-Profit Analysis 
Chapter 17 Budgeting and Profit Planning 


PART 6 Cost Control
Chapter 18 Standard Costs and Quality Costs 
Chapter 19 Cost Variances Analysis 
Chapter 20 Revenue and Profit Variance Analysis 
Chapter 21 Responsibility Accounting 2
Chapter 22 Balanced Scorecard 


PART 7 Decision-Making
Chapter 23 Short-run Decision Analysis 
Chapter 24 Capital Budgeting 

Overview


Management Accounting, now in its eighth edition, continues to offer its readers an in-depth analysis regarding usage of accounting information for financial analysis, profit planning, cost control and decision- making. The authors have adopted an exceptional outcome-based learning approach to provide a comprehensive analysis of the concepts, theories and techniques of management in a simple yet lucid style.
This book will be suitable for the students and teachers of management and finance, commerce and accounting discipline as well as for practicing managers.


Key Features


• Complete update of chapter on GAAP & Accounting Standards to incorporate Ind-AS, 2021
• Updated corporate reporting of chapter on Understanding Corporate Financial Statements and Reports
• Learning objectives ensure broad understanding of the concepts, theories and techniques of management accounting
• Chapter-end comprehensive summaries provide a bird’s eye view of the main points by way of recapitulation
• New cases on Tata Motors and ITC on Ration Analysis, Material Cost Variance, etc.
• Updated illustrations, examples, appendices and cases
• A set of financial tables is included as a ready reckoner
• A select bibliography should be of special interest to teachers/senior-level students of the subject

• Management Accounting