Management Accounting: Principles & Practice

• Completely revised and updated
• New chapters on strategic management accounting, product costing, and service costing
• Coverage of total quality management (TQM), just-in-time (JIT), life cycle costing, and Kaizen costing
• Worked out solutions to problems and latest professional examination questions

Part-I: Fundamentals and Cost Accumulation Methods - Nature and Scope of Management Accounting: 1. Strategic Management Accounting, 2. Accounting Process and Principles - An Overview, 3. Cost Analysis and Decision Making, 4. Inventory Costing, 5. Product Costing, 6. Service Costing, Part-II: Accounting for Financial Analysis - Analysis of Financial Statements: 1. Ratio Analysis, 2. Statement of Changes in Financial Position, 3. Cash Flow Statement, Part-III: Accounting for Managerial Decisions - Marginal Costing: 1. Break-Even Analysis (Cost-Volume-Profit Analysis), 2. Differential Costing: An Aid to Decision Making, 3. Activity-Based Costing, 4. Pricing Policy and Decisions, Part-IV: Accounting for Planning and Execution - Budgetary Control: 1. Budgetary Control, 2. Capital Budgeting, 3. Risk and Uncertainty, 4. Management Reporting, Part-V: Performance Measurement and Evaluation: 1. Responsibility Accounting, 2. Divisional Performance and Transfer Pricing, Part-VI: Specialized Topics in Accounting: 1. Valuation of Goodwill and Shares, 2. Inflation Accounting, 3. Human Resource Accounting, 4. Emerging Trends in Management Accounting