Accounting for Management

ISBN Number : 978-93-5367-677-3

Student Price : Rs.798

Student Dollar Price : 32$

Library Price : Rs.1850

Library Dollar Price : 74$

Book Edition : Fourth

Year of Publication : 2019

No. Of Pages : 706

Book Weight :1370

About The Book

Accounting has been important throughout history and in all forms of economic structures. It continues to evolve and respond to changes in informational needs of its users. Basically, there are two types of users of accounting information – external users and internal users. Though financial accounting are meant only for internal users i.e. management, yet financial accounting information is also used by internal users. This is because the management needs all types of accounting information for efficiently performing its functions of planning, controlling and decision making. The present volume is designed to meet the need of management for knowledge of accounting.

Managers and potential managers should have thorough understanding of all types of accounting i.e. financial accounting, cost accounting and management accounting. Keeping this in view, this volume is divided into four sections in logical sequence. Section I deals with basics of financial accounting, Section II explain analysis and interpretation of financial statements prepared under financial accounting, Section III deals with fundamentals of cost accounting and Section IV explain basic techniques used in management accounting.


Contents -

Section 1 : Basic Financial Accounting
1. Introduction to Accounting
2. Accounting Principles
3. Accounting Process
4. Subsidiary Books
5. Rectification of Errors
6. Bank Reconciliation Statement
7. Final Accounts (Financial Statements)
8. Depreciation, Provisions and Reserves
9. Inventory Valuation
Section 2 : Analysing Accounting Information
10. Methods of Financial analysis
11. Financial Ratio Analysis
12. Funds Flow Statement
13. Cash Flow Statement
Section 3 : Cost Accounting
14. Cost Accounting - Nature and Scope
15. Basic Cost Concepts
16. Cost Sheet and Price Quotations
17. Process Costing
18. Reconciliation of Cost and Financial Accounts
Section 4 : Management Accounting
19. Management Accounting - Introduction
20. Budgeting and Budgetary Control
21. Standard Costing and Variance Analysis
22. Marginal Costing and Break-even Analysis
23. Strategic Decision Making
24. Responsibility Accounting and Transfer Pricing
25. Recent Development in Cost Management

About The Author

 M N Arora is Senior Reader in Hans Raj College, Delhi University. He did B.Com (Hons) and M.Com from Shri Ram College of Commerce and was position holder in Delhi University. He is also a Fellow Member of the Institute of Cost and Works Accountants of India.   

 M N Arora has over 35 years experience of teaching Cost Accounting and Management Accounting in graduate and postgraduate courses in Delhi University and also in other professional courses like MBA, MIB, MHROD, CA, CS, etc. He has authored quite a few popular textbooks which have been widely prescribed by UGC, ICWAI, ICSI, Delhi University, Bangalore University and many other universities. His Cost Accounting – Principle & Practice is in the list of Suggested Readings prescribed by UGC, The Institute of Company Secretaries of India, Delhi University and other universities. He was a Special Invitee in the meetings of the Cost Accounting Standard Board of The Institute of Cost and Works Accountants of India for finalization of draft Cost Accounting Standards.

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