Management Accounting

Table of contents

PART 1: BACKGROUND

1.Nature of Management Accounting

PART 2: FINANCIAL ACCOUNTING

2.Generally accepted Accounting Principles and Accounting Standards

3.Accounting Cycle and Statements of Financial Information

4.Understanding Corporate Financial Statements and Reports

PART 3: FINANCIAL ANALYSIS

5.Cash Flow Statement

6.Financial Statements Analysis

PART 4: COST ACCUMULATION

7.Cost Concepts and Management Needs

8.Costing and Control of Materials

9.Costing and Control of Labour

10.Costing and Control of Factory (Manufacturing) Overheads

11.Costing and Control of Administrative, Selling and Distribution Overheads

12.Activity Based Costing System

13.Job-Order and Batch Costing

14.Process, Joint and By-Product Costing

15.Variable Costing and Absorption (Full) Costing

PART 5: PROFIT PLANNING

16.Volume-Cost-Profit Analysis

17.Budgeting and Profit Planning

PART 6: COST CONTROL

18.Standard Costs and quality Costs

19.Cost Variance Analysis

20.Revenue and Profit Variance Analysis

21.Responsibility Accounting

PART 7: DECISIN-MAKING

22.Short-Run Decision Analysis

23.Capital Budgeting

New Features

This new edition of a well-known text continues to provide an in-depth analysis of how to use accounting information for financial analysis, profit planning, cost control and decision-making. Besides, it has substantial coverage of financial accounting in terms of (i) Generally Accepted Accounting Principles and Accounting Standards, (ii) accounting cycle and statements of financial information, and (iii) corporate financial statements and reports in India.

New Edition Highlights

Three chapters on financial accounting/ financial statements

Chapter on Activity Based Costing (ABC) system

Twenty-two case studies

Learning objectives, chapter summaries and margin notes