The text Managerial Accounting deals with the use of management accounting information in different areas of importance in business organizations. It makes a comprehensive coverage of important topics, current trends in management accounting and presents the concepts, techniques and use of accounting information in a clear, concise and logical manner. With easy-to-understand presentation, it includes a large number of solved problems, theory questions and unsolved exercises and problems. The book will be very useful for MBA, M.Com. and other professional programmes of Indian University and Management Institutes. The book will adequately benefit those students who are interested in learning and understanding management accounting. Contents : Part One: Fundamentals 1. Management and Cost Accounting: An Overview 2. Cost Concepts And Classifications Part Two: Cost Accumulation Systems 3. Job, Contract and Batch Costing 4. Process Costing 5. Operating Costing 6. Activity-Based Costing Part Three: Managerial Decision Making 7. Variable (Marginal) Costing 8. Cost-Volume-Profit (Cvp) Analysis 9. Decisions Involving Alternative Choices Part Four: Planning And Control 10. Budgetin 11. Standard Costing And Variance Analysis Part Five: Specialised Topics 12. Responsibility Accounting and Transfer Pricing 13. Contemporary Issues in Cost and Management Accounting 14. Cost Audit and Cost Accounting Standards 15. Financial Statement Analysis

Management Accounting deals with the development and use of accounting information by different organisations for the purpose of decision making, planning, control and performance evaluation. The field of management accounting has been influenced greatly by competitive and complex business environment. This requires that management accounting as a discipline should help the managers who face with managerial problems in their organisations. Managers of Indian companies need to make business decisions with sound knowledge and understanding of uses of accounting information for the efficient and profitable functioning of their enterprises. The text 'Managerial Accounting' focuses on the uses of managerial accounting information to resolve different managerial issues emerging in different organisations. The book makes a comprehensive coverage of important topics, current trends in management accounting and presents the concepts, techniques and use of accounting information in a clear, concise and logical manner. The book is structured in five parts. Part One introduces the subject of Management Accounting and focuses on Nature of Management Accounting, Cost Concepts and Classifications. Part Two has Cost Accumulation and Product Costing as the focal point and discusses Job Costing, Process Costing, Full Costing and Activity-based Costing. Part Three is devoted to Managerial Decision Making and presents discussion on Variable Costing, Cost-Volume-Profit Analysis, Short-run Managerial Decisions and Pricing Policy and Decision. Part Four focuses on Planning and Control and Performance Evaluation and covers the topics of Budgeting Process, Standard Costing and Variance Analysis, Responsibility Accounting, Performance Measurement, and Transfer Pricing and Management Control Systems. Part Five looks at some specialised topics relevant to Management Accounting function of an organization and provides exposure on Management Information Systems and Financial Statement Analysis. The book contains many pedagogical features to give a balanced blend of conceptual framework, managerial accounting techniques and practical use of accounting information. Some of the pedagogical features are: - Comprehensive and up-to-date coverage of the subject. - Clear, concise and readable presentation. - Real-world solved problems included in the chapters for better understanding of managerial accounting principles and techniques. - Inclusion of charts, diagrams and figures to help in understanding the discussion easily and quickly. - Thought-provoking and real-life theory questions given at the end of all chapters. - Exercises and problems given in an easy to complex manner to help the students for better learning and understanding of the material. The book is intended primarily for M.Com. and M.B.A. students of Indian Universities and Management Institutes. The book will be equally useful to the students who are preparing for CFA, C.A., I.C.W.A. Company Secretaryship and other professional examinations. Also, the book will adequately fulfil the requirements of those who are studying management accounting for the first time, those who plan a management and finance career, and those who are interested in learning and understanding management accounting. Contents - PART ONE: FUNDAMENTALS Chapter 1: Nature of Managerial Accounting Chapter 2: Cost Concepts and Classifications PART TWO: COST ACCUMULATION AND PRODUCT COSTING Chapter 3: Product Costing: Job Costing and Process Costing Chapter 4: Full Costing Chapter 5: Activity-Based Costing (ABC) PART THREE: MANAGERIAL DECISION MAKING Chapter 6: Variable (Marginal) Costing Chapter 7: Cost-Volume-Profit (CVP) Analysis Chapter 8: Short-Run Managerial Decisions and Analysis of Relevant Information Chapter 9: Pricing Policy and Decision PART FOUR: PLANNING, CONTROL AND PERFORMANCE EVALUATION Chapter 10: Budgeting Process Chapter 11: Standard Costing and Variance Analysis Chapter 12: Responsibility Accounting, Performance Measurement and Transfer Pricing Chapter 13: Management Control Systems PART FIVE: SPECIALISED TOPICS Chapter 14: Management Information Systems (MIS) Chapter 15: Financial Statement Analysis

Accounting, as a discipline, is accepted as the information system and the language of business with the objective of providing details and communicating useful information about an organization. Today, understanding this information system and this language has become more important than it was earlier. This will make accounting more purposeful and more reliable as a discipline-as a branch of knowledge. In accounting, the discussion and the subject of financial accounting comes first because the structure of financial accounting underlies and guides, to some extent, all accounting. Financial Accounting uses some basic concepts and principles, describes a set of relationships among the different elements of the accounting system and the financial statements and a set of rules and guidelines for applying concepts and principles to specific business situations. There is a need to understand financial accounting to understand a business and its activities. To achieve such an understanding, we need a text which can discuss the subject in a clear, accurate and logical manner and which is easy to use by both the teachers and students. The present text has been written with the primary objective of providing a comprehensive, useful flexible and well presented text to serve the complete needs of Commerce students of Four Year Degree Course in University of Delhi. ORGANIZATION OF THE TOPICS The text is divided into five parts. Part I provides an overview of financial accounting and discusses Financial Accounting: Nature and Scope; Basic Accounting Concepts and Financial Statements; Accounting Standards. Part II titled 'Recording of Transactions and Preparation of Final Accounts' deals with the Accounting Framework and Transaction Analysis. Accounting Process : Journalization, Cash Book and Subsidiary Books, Ledger Posting and Trial Balance, Preparation of Final Accounts of Non-Corporate Business Entitles. Part III titled as 'Income Measurement' discusses some accounting topics relating to measurement of income such as Business Income, Revenue Recognitions, Depreciation Accounting and Inventory Valuation. Part IV focuses on financial accounting system followed by some organizations. This part, covers Consignment Accounts; Joint Venture; Accounting for Hire Purchase; Branch Accounting; Dissolution of Partnership Firm. Part V titled as 'Auditing' is devoted to discussing some important topics in auditing such as Auditing : Meaning and Objectives; Vouching; Verification of Assets and Liabilities. Free Booklet of Solutions Manual On Financial Accounting and Practical Problems on Financial Accounting with the Book. Contents : Part I - An Overview of Financial Accounting 1. Financial Accounting : Nature and Scope 2. Basic Accounting Concepts and Financial Statements 3. Accounting Standards Part II - Recording Of Transactions And Preparation Of Final Accounts 4. The Accounting Framework and Transaction Analysis 5. Accounting Process-I : Journalization 6. Accounting Process-I(Contd.) : Cash Book and Subsidiary Books 7. Accounting Process-II : Ledger Posting and Trial Balance 8. Accounting Process-III : Completion of the Accounting Cycle : Preparation Of Final Accounts of NON-Corporate Business Entities Part III - Income Measurement 9. Business Income 10. Revenue Recognition 11. Depreciation Accounting 12. Inventory Valuation Part IV - Financial Accounting Systems 13. Consignment Account 14. Joint Venture 15. Accounting For Hire Purchase 16. Branch Accounting 17. Dissolution Of Partnership Firm Part V - Auditing 18. Auditing : Meaning and Objectives 19. Vouching 20. Verification Of Assets and Liabilities

The need of accounting knowledge is getting importance since there is a stiff competition among business concern. Sufficient knowledge and strength is required to face the competition at National and International level. This can be developed and improved by increasing the accounting knowledge. Management accounting that emerged as an independent branch of study about half a century ago has experienced phenomenal changes in the theoretical content as well as in the tools being used for financial decisions and their implementation. The aim of this book is to acquaint professionals and students of business studies, which will make them more conversant with the conceptual foundation. The concepts and tools are presented in a lucid language and simple sentence. To have a better grasp of the subject, a large number of objective type questions and test problems have been given at the end of each chapter. The present text-book is experienced to serve better towards the interest of the readers who are not well versed in the terminology of business studies. The unparalleled features of this book are: The subject is presented in a self-explanatory manner, so that even self-taught students may not feel difficult in understanding it. Objective type questions and numerical problems are provided at the end of each chapter. The present text is reader-friendly. All possible patterns of questions and problems of major universities are included in this book. This text is based on the Syllabus of B.Com., B.Com. (CA), B.Com. (IT), B.Com (e-commerce) of Bharathiar University. Contents - Nature and Scope of Management Accounting Financial Statement and Ratio Analysis Working Capital Analysis, Fund Flow and Cash Flow Statement Working Capital Fund Flow and Cash Flow Statement Marginal Costing Budgeting and Budgetary Control

The book on 'Strategic Management Accounting' lays particular emphasis on the fundamentals of Management Accounting., Cost Strategic Management Decision. The management has to depend upon strategic Management Decision. The management has to depend upon strategic management accounting information for taking various strategic decisions for long period. It helps management in planning, coordinating, coordinating, communicating and controlling. The subject of strategic management accounting is of recent origin but still it is not in infancy. The area covered in this subject is very wide and mainly focused to MBA Students, but it is useful to professional examination like CA, ICWA, CS, CAIIB, etc. for the benefit of the students and covers the practical problems and solution. The syllabi of MBA, M.Com and MHRM Osmania University contain the subject of Strategic Management Accounting as a finance specialization Paper. The present book has been written accounting to the syllabus prescribed for the same and contains well-defined chapter. Each chapter deals with a specific aspect of strategic management accounting with complete clarity of expansion, simplicity, exposition, intensive text and adequate solved practical problems and exercises for practice. Contents - 1. Strategic Management Accounting 2. Cost Concepts and Behaviour 3. Marginal Costing 4. Decision Making 5. Strategic Planning and Control 6. Budgeting and Budgetary Control 7. Standard Costing 8. Responsibility Accounting 9. Transfer Pricing 10. Activity-Based Costing 11. Customer Profitability Analysis 12. Life Cycle Costing 13. Competitor Accounting 14. Target Costing

Our experience in teaching commerce subjects, especially Accountancy, is in the form of this book in your hands. This book 'Fundamentals of Accounting' is prepared for the syllabus requirements of First Semester BBM., of Bangalore University. Being student friendly is the unique feature of this book. The subject matter has been presented systematically, which can enable the reader to master the topics covered, without any additional guidance. Most later provisions have been incorporated in this book. There are two types of graduates - those who have learnt 'how to learn' and those who have learnt 'how to think.' Universities have considered introduction of Semester System to facilitate 'thinking and application skills.' The Semester System provides sufficient time for a student to learn the entire width and depth of any topic, making him. remain morefocussed and acquire specialized knowledge. Contents : 1. Introduction to Accounting 2. Accounting Process 3. Journal 4. Ledger 5. Subsidiary Books 6. Cash Book 7. Petty Cash Book 8. Bank Reconciliation Statement 9. Trail Balance 10. Final Accounts of Proprietary Concerns 11. Single Entry System (Accounts From Incomplete Records) 12. Conversion of Single Entry Into Double Entry Previous Year Question Papers

This book is a text book and it is prepared systematically keeping in mind two important aspects-one, syllabi of Accounting for Managers course of MBA program of Bangalore and other universities and institute and two, the interest and requirements of, and expectations by, the students and teaching communities. The analysis here is very lucid explaining the difficult theoretical concepts with the help if appropriate illustration. This helps the student-community to understand and appreciate the concepts. Content of Accounting for Managers 1. Financial Accounting − An Introduction 2. Recording of Business Transactions (Journal, Ledger and Trial Balance) 3. Final Accounts 4. Investories, and Property, Plant and Equipment 5. Cost and Management Accounting − Introduction 6. Budgetary Control 7. Standard Costing and Variance Analysis 8. Marginal Costing 9. Analysis and Interpretation of Financial Statements 10. Ratio Analysis 11. Funds Flow Statements 12. Statement of Cash Flow Statements 13. Activity-Based Costing, Target Costing and Life Cycle Costing  Bibliography Index

This book, Advanced Management Accounting, is revised thoroughly keeping in mind the important developments in the area of Management Accounting. Each chapter begins with the learning objectives followed by course inputs, text, summary of the chapter, key terms and/or concepts and questions for self-study. The conceptual framework is revised and presented very systematically to enable the readers to understand and appreciate the theoretical aspects. Many a number of new illustrations have been added in each chapter besides revising the solution part of each illustration providing detailed working notes. Side notes have also been provided. The revised version covers the syllabi of Management Accounting Courses of most of the Programmes of Studies such as M.Com., MBA and Diploma Courses, and also the syllabi of the professional courses such as ICWA, CA, etc., besides B.Com., BBM, BBA. It is revised keeping in mind the requirements and expectations of both the student-community and teaching fraternity. The analysis is very lucid explaining each of the theoretical concepts systematically. A large number of illustrations drawn from the question papers of M.Com, MBA, ICWA, CA, B.Com., BBM, BBA, etc., have been discussed and solved with detailed working notes. The book lays emphasis on the comprehensive analysis of each of the aspects supported well by the relevant illustrations. Besides, a large number of questions (both theoretical and quantitative) are included at the end of each chapter for self-study. The book views the concepts, tools, techniques, etc., from the viewpoint of practical relevance. Contents : 1. Fundamentals of Management Accounting 2. Generally Accepted Accounting Principles (GAAPs) 3. Analysis and Interpretation of Financial Statements 4. Accounting Ratios or Ratio Analysis 5. Funds Flow Statement 6. Cash Flow Statement 7. Budgetary Control 8. Standard Costing and Variance Analysis 9. Marginal Costing 10. Divisional Performance Evaluation and Transfer Pricing 11. Inter-Firm Comparison 12. Accounting for Price Level Changes(Inflation Accounting) 13. Human Resource Accounting 14. Managerial Reporting and Management Audit Bibliography

Financial management is the art and science of managing the resources (physical and financial, animate and inanimate) of an enterprise with the purpose of getting the best possible result-resource ratio to continuously subserve the cause of the expectations of all stakeholders of any enterprise. The idea is to ensure that scarce resources are allocated effectively and efficiently to competing ends and where competing ends are limited and resources are in surfeit, the challenge is to identify the most productive competing ends and also newer productive opportunities, which can absorb the resources in excess. (Exhibit A). Thus, the end result of effective financial management is seen as efforts which can bring success to any enterprise by making 'two blades of grass grow where only one grew before.' Translating this lofty thought of the American philosopher Jonathan Swift into action, in the field of finance, it refers to the ability to get the best possible output (physical/financial) for any given input or using the least input (physical/financial) for any given output. The book is supported through live examples, numerical problems with solutions, case studies and a wide variety of supporting data, information and knowledge for a better and deeper understanding of the subject matter of analysis and financial statements. At the end of the book there are case studies which cover most topics prescribed in the syllabus. Solutions to these case studies available in soft format. The book has presented details of more than ten databases for the benefits of readers. Of course apart from these databases, CMIE and RBI databases alongwith the Economic Times, Financial express, Capital Market, Business Standard databases are accessible to analysts and interested researchers and scholars of the subject of finance. This book is tailor-made and customised to meet the requirements of scholars intending to learn how to analyse and interpret financial statements. The syllabus of the University of Mumbai prescribes an exclusive paper-`Analysis of Financial Statements` for the two year full-time MMS degree course. This paper is the focus of the book. Yet, the topics `explored will be of interest to: various postgraduate courses in business management-MMS, MBA, MFM, MMM, MHRM, MIM, undergraduate courses in management-BMA, BBA, undergraduate / postgraduate courses in commerce, B.Com., M.Com., and also for courses of professional institutes like Institute Of Chartered Accountants of India, Institute of Cost Accountants of India, Chartered Institute of Management Accountants (UK) and other similar professional bodies across the globe. Further, this book will also useful to participants in various executive and management development programs in the area Finance where `Analysis of Financial Statements` is one of the key inputs for study to raise financial literacy and educational levels and any other individual or groups of stakeholders who are interested in learning the nuances of money management. Contents : 1. Glossary 2. Legal Dimensions of Financial Accounting 3. Proforma Financial Statements and Instructions (Schedule VI) 4. Accounting Principles 5. Accounting Standards 6. Indian Accounting Standard vs. US GAAP 7. Schedule VI Revised 8. Cash Flow Definitions 9. Measuring, Operating, Financing and Investing Cash Flows 10. Ratios-Introduction 11. Groups of Ratios-Liquidity Ratios 12. Groups of Ratios-Profitability Ratios 13. Groups of Ratios-Valuation Ratios 14. Groups of Ratios-Leverage 15. Ratios-Different Databases 16. Mergers and Acquisitions 17. Deferred Tax Asset (DTA) 18. Buy-back of Shares, Stock Split and Reduction of Capital 19. What is Productivity? 20. Managing Productivity of Capital 21. Economic Value Added (EVA) 22. Case Studies

The book has been written to be used as a comprehensive approach to tie together the Financial Accounting, Cost Accounting and Management Accounting and decision making aspects of management. From the point of view of students in particular the book is examination oriented in that it contains a large number of illustrations and solutions. The book is a complete reference on the theory and practice of Financial, Cost and Management Accounting. It includes a wide discussion of financial statements analysis and interpretations applied to management. This book covers the important techniques which are very useful for the managerial personnel in their decision making process. Contents : 1. Accounting Principles and Concepts 2. Double Entry System of Accounting 3. Accounting Books and Records 4. Final Accounts 5. Depreciation 6. Nature and Scope of Management Accounting 7. Financial Statements Analysis and Interpretation 8. Fund Flow Statement Analysis 9. Analysis of Cash Flow Statement 10. Statement of Changes in Financial Position Accounting Standard-AS-3 (Revised) 11. Ratio Analysis 12. Cost Accounting : Nature and Scope 13. Cost - Methods, Techniques of Cost Accounting And Classification of Cost 14. Cost Sheet Analysis (OR) Statement of Cost 15. Material Cost Control 16. Material-Inventory Control 17. Valuation of Material Issues 18. Labour Cost Control 19. Labour Cost Accounting 20. Overheads 21. Absorption of Overhead 22. Job, Batch and Process Costing 23. Joint Product And By Product 24. Contract Costing 25. Uniform Costing 26. Activity Based Costing 27. Reconciliation of Cost and Financial Accounts 28. Marginal, Costing and Cost Volume Profit Analysis 29. Budgeting and Budgetary Control 30. Standard Costing and Variance Analysis 31. Capital Budgeting 32. Cost Audit 33. Reporting to Management