Managerial Accounting

ISBN Number : 978-93-5367-767-1

Student Price : Rs.890

Student Dollar Price : 36$

Book Edition : Fifth

Year of Publication : 2020

No. Of Pages : 784

Book Weight :1062

About The Book

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 -

Chapter 1: Nature of Managerial Accounting
Chapter 2: Cost Concepts and Classifications
Chapter 3: Product Costing: Job Costing and Process Costing
Chapter 4: Full Costing
Chapter 5: Activity-Based Costing (ABC)
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
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
Chapter 14: Management Information Systems (MIS)
Chapter 15: Financial Statement Analysis

About The Author

Dr. Jawahar Lal has been a Professor in Department of Commerce, Delhi School of Economics, University of Delhi. He also served as Head, Department of Commerce, and Dean, Faculty of Commerce and Business, University of Delhi. Earlier, he has taught at Shri Ram College of Commerce, University of Delhi, He possesses forty-four years of teaching and research experience. He has been associated with teaching of postgraduate commerce and management courses and imparting dissertation and thesis guidance to students of M.Phil., Ph.D., MIB, and M.H.R.O.D. Programmes.   

Dr. Lal is the member of many academic and professional bodies, is on the Editorial Board and Review Board of many reputed journals, member of Board of Studies and Research Committees of Indian Universities, member of Indian Commerce Association and Indian Accounting Association. He has been conferred with IAA Fellowship award 2007 for lifetime dedication to the Accounting Education and Research.   

Dr. Lal has contributed sixty papers in reputed journals and has presented papers in fifty national and international conferences. He has also chaired technical sessions in many conferences. He has written over a dozen reputed books. 

Ms. Anupriya Srivastava is currently a Senior Manager at Caim India Limited, Gurgaon, India. She holds a Bachelor of Technology degree in Electronics and Communication and Postgraduate Diploma in Industrial Management (PGDIM) from National Institute of Industrial Engineering (NITIE), Mumbai. She is also pursuing CFA course from Institute of Chartered Financial Analysts (USA).

She has more than 10 years of diverse and extensive experience in energy, retail, and information technology industries. In her professional career, she has worked in the areas of mergers and acquisitions, corporate planning and budgeting, financial planning and analysis, cost optimization, and business development. She has also worked on developing economic models for project evaluations and financial models for mergers and acquisitions. She has also participated in Executive Development Programs on Advanced Corporate Finance organised by IIM, Ahmedabad. She is associated with different Management Institutes and Indian Universities as a guest speaker.

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