Management accounting

Velan/VBS/339/15-16/15-03-16 Rs.695/-

PART I COST AND MANAGEMENT ACCOUNTING
Chapter 1: Overview to Management Accounting
Chapter 2: Cost Concepts
PART II ELEMENTS OF COST
Chapter 3: Costing for Materials
Chapter 4: Costing for Labour
Chapter 5: Direct Expenses and Functional Overheads
Chapter 6: Activity-based Costing
PART III DETERMINATION OF COST
Chapter 7: Unit Costing
Chapter 8: Job and Batch Costing
Chapter 9: Process Costing
Chapter 10: Operating Costing
Chapter 11: Contract Costing
PART IV PLANNING, CONTROL, AND DECISION-MAKING
Chapter 12: Financial Statements and its Analysis
Chapter 13: Cash Flow Statement and Funds Flow Statement
Chapter 14: Budgeting and Budgetary Control System
Chapter 15: Standard Costing and Variance Analysis
Chapter 16: Responsibility Accounting
PART V MANAGEMENT APPLICATIONS
Chapter 17: Marginal Costing and CVP Analysis
Chapter 18: Decisions Involving Alternative Choices
Chapter 19: Pricing Decisions
Chapter 20: Target Costing

The second edition of Management Accounting is a comprehensive textbook specially designed to meet the needs of postgraduate management students. It illustrates the important concepts of management accounting through managerial applications and supplements them with numerous solved problems and case studies. It will also be equally useful to business managers. Divided into five parts, the first part on Cost and Management Accounting gives an overview of management accounting and acquaints readers with the basic principles of cost accounting, costing, cost accountancy, and its differences with financial accounting. The second part covers Elements of Cost, which emphasizes the importance of compilation of material costs for products, the different material control procedures and techniques, labour cost compilation, recognition, and booking. It also focuses on the importance and treatment of indirect expenses of the business. The third part on Determination of Cost is devoted to determining and compiling the cost by service and manufacturing activities. It is followed by the part on Planning, Control, and Decision-making, which discusses the analytical tools of financial accounting, cost accounting, and management accounting. Finally, the section on Management Applications imparts an understanding of the management accounting tools and techniques used by managers in the present business environment.