Book description
Management Accounting is a comprehensive textbook with a focus on the essentials, designed to help students understand the basic concepts and practice underlying management accounting in a systematic manner. A balanced approach between theoretical and numerical aspects of the subject has been adopted to ensure ease and clarity in learning. The lucid writing, contents and organization of the chapters make the book eminently suitable for the undergraduate students of various Indian Universities.
Table of contents
- Cover
- Title page
- Contents
- Dedication
- Preface
-
Chapter 1. Introduction to Management Accounting
- 1.1 Definition of Management Accounting
- 1.2 Nature or Features of Management Accounting
- 1.3 Scope of Management Accounting
- 1.4 Objectives of Management Accounting
- 1.5 Role or Functions of Management Accounting
- 1.6 Utility of Management Accounting
- 1.7 Limitations of Management Accounting
- 1.8 Tools and Techniques of Management Accounting
- 1.9 Requisites for Installation of Management Accounting System
- 1.10 How Does Management Accounting Differ from the other Branches of Accounting
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 2. Analysis and Interpretation of Financial Statements
- 2.1 Meaning of Financial Statements
- 2.2 Characteristics of Financial Statements
- 2.3 Anatomy/Components of Financial Statements
- 2.4 Relationship Between Income Statement and Balance Sheet
- 2.5 Concept of Financial Statement Analysis
- 2.6 Objectives of Financial Statement Analysis
- 2.7 Requisites of Financial Statement Analysis
- 2.8 Different Approaches to Financial Statement Analysis
- 2.9 Types of Financial Statement Analysis
- 2.10 Techniques/Tools of Financial Statement Analysis
- 2.11 Comparative Financial Statement Analysis
- 2.12 Common-size Financial Statement Analysis
- 2.13 Trend Analysis
- 2.14 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 3. Accounting Ratios for Financial Statement Analysis
- 3.1 Financial Statements
- 3.2 What is a Ratio?
- 3.3 What is an Accounting Ratio?
- 3.4 What is Ratio Analysis?
- 3.5 Steps in Ratio Analysis
- 3.6 Role or Importance of Ratio Analysis
- 3.7 Uses of Ratio Analysis
- 3.8 Advantages of Ratio Analysis
- 3.9 Limitations of Ratio Analysis
- 3.10 Parties Interested in Ratio Analysis
- 3.11 Different Kinds of Ratios or Classification of Ratios
- 3.12 Standard or Ideal Ratio
- 3.13 Computation of Proprietors’ Fund, Capital Employed, Working Capital
-
3.14 Calculation and Interpretation of Various Ratios
- 3.14.1 Balance Sheet Ratios (Ratios as ascertained from various items of the Balance Sheet)
- 3.14.2 Revenue Statement Ratio (Ratios as ascertained from the various items of the Profit & Loss A/c)
- 3.14.3 Mixed or Composite Ratio (Ratio ascertained taking some items from the Balance Sheet and some other items from the Profit & Loss A/c)
- 3.15 Du Pont Analysis
- 3.16 Ratios to be used in Determining Solvency, Performance, Managerial Efficiency etc. of an Enterprise
- 3.17 Different Ratios at Glance
- 3.18 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 4. Cash Flow Analysis
- 4.1 What is Cash?
- 4.2 Difference Between Cash and Fund
- 4.3 What is Cash Flow Statement?
- 4.4 Why is Cash Flow Statement Prepared?
- 4.5 Importance of Cash Flow Statement
- 4.6 Uses of Cash Flow Statement
- 4.7 Advantages of Cash Flow Statement
- 4.8 Limitations of Cash Flow Statement
- 4.9 Differences Between Cash Book and Cash Flow Statement
- 4.10 Differences Between Cash Flow Statement and Fund Flow Statement
- 4.11 Proforma of Cash Flow Statement Prepared under Traditional/Conventional Method
- 4.12 Cash Flow Statement as Prescribed in AS-3
- 4.13 Proforma of Cash Flow Statement as Prescribed in AS-3
- 4.14 Fundamental Differences Between Cash Flow Statement as per AS-3 and Traditional Method
- 4.15 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 5. Fund Flow Analysis
- 5.1 Meaning and Concept of Fund
- 5.2 Generally Accepted Concept of Fund
- 5.3 Meaning of Flow of Fund
- 5.4 What is Fund Flow Statement?
- 5.5 Importance or Purposes of Fund Flow Statement
- 5.6 Limitations of Fund Flow Statement
- 5.7 Proforma of Presentation of Fund Flow Statement
- 5.8 Different Sources of Fund
- 5.9 Different Applications of Fund
- 5.10 What is Fund from Operation?
- 5.11 Different Approaches of Computation of Fund from Operation
- 5.12 Is Depreciation a Source of Fund?
- 5.13 Comparison between Fund Flow Statement, Income Statement and Balance Sheet
- 5.14 Distinction between Fund Flow Statement and Cash Flow Statement
- 5.15 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 6. Working Capital
- 6.1 Meaning and Concept of Working Capital
- 6.2 Importance of Working Capital
- 6.3 Need for Working Capital
- 6.4 Different Concepts and Classification of Working Capital
- 6.5 Sources of Working Capital
- 6.6 Determinants of Working Capital
- 6.7 Components of Working Capital
- 6.8 Positive and Negative Working Capital
- 6.9 Working Capital or Operating Cycle
- 6.10 Estimation or Forecasting of Working Capital
- 6.11 Procedure for Estimation/Forecasting of Working Capital
- 6.12 Valuation of Stock of Work-In-Progress (WIP)
- 6.13 Different Approaches of Estimation/Forecasting of Working Capital
- 6.14 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 7. Budget and Budgetary Control
- 7.1 Meaning of Budget
- 7.2 Meaning of Budgeting
- 7.3 Features of Budget
- 7.4 Budgetary Control
- 7.5 Objectives of Budgetary Control
- 7.6 Advantages of Budgetary Control
- 7.7 Limitations of Budgetary Control
- 7.8 Comparison between Budget and Budgetary Control
- 7.9 Comparison between Standard Costing and Budgetary Control
- 7.10 Zero-Based Budgeting (ZBB) 469
- 7.11 Classification or Types of Budget
- Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 8. Standard Costing and Variance Analysis
- 8.1 What is Standard Cost?
- 8.2 What is Standard Costing?
- 8.3 Preliminary Steps for Establishing Standard Costing System
- 8.4 Types of Standards
- 8.5 Distinction between Standard Cost, Estimated Cost and Actual/Historical Cost
- 8.6 Advantages of Standard Costing
- 8.7 Limitations of Standard Costing
- 8.8 Comparison between Standard Costing and Budgetary Control
- 8.9 Analysis of Variance
- 8.10 Classification of Variances
- 8.11 Formulae of Various Variances at a Glance
- 8.12 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 9. Absorption Costing and Variable Costing
- 9.1 Absorption Costing
- 9.2 Features of Absorption Costing
- 9.3 Advantages of Absorption Costing
- 9.4 Limitations of Absorption Costing
- 9.5 Variable Costing
- 9.6 Features of Variable Costing
- 9.7 Advantages of Variable Costing
- 9.8 Limitations of Variable Costing
- 9.9 Income Determination under Absorption Costing and Variable Costing
- 9.10 Distinction between Absorption Costing and Variable Costing
- 9.11 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 10. Marginal Costing and Cost–Volume–Profit Analysis
- 10.1 Concept of Marginal Cost
- 10.2 Definition of Marginal Costing
- 10.3 Features of Marginal Costing
- 10.4 Advantages of Marginal Costing
- 10.5 Limitations of Marginal Costing
- 10.6 Meaning of Cost–Volume–Profit (CVP) Analysis
- 10.7 Features of CVP Analysis
- 10.8 Objectives of CVP Analysis
- 10.9 Assumptions Underlying CVP Analysis
- 10.10 Classification of Cost Under CVP Analysis
- 10.11 Elements of CVP Analysis
- 10.12 Break-Even Analysis (BE Analysis)
- 10.13 Break-Even Chart (BE Chart)
- 10.14 Angle of Incidence
- 10.15 Mathematical Representation of CVP Analysis
- 10.16 Different Formulae of CVP Analysis at a Glance
- 10.17 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 11. Decision Making
- 11.1 Concept of Decision Making
- 11.2 Steps in Decision Making
- 11.3 Cost Concepts in Decision Making
- 11.4 Concept of Relevant Cost and Relevant Revenue
- 11.5 Comparison of Differential Cost Analysis and Marginal Costing
- 11.6 Concept of Key or Limiting Factor
- 11.7 Different Situations of Decision Making
- 11.8 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 12. Capital Budgeting
- 12.1 Concept of Capital Budgeting
- 12.2 Features of Capital Budgeting
- 12.3 Importance of Capital Budgeting
- 12.4 Types of Investments
- 12.5 Types of Capital Budgeting Decisions
- 12.6 Evaluation Criteria of Capital Budgeting Decisions
- 12.7 Concept of Present Value (PV)
- 12.8 Determination of PV Factor or Discounting Factor
- 12.9 Concept of Discounted Cash Flow
- 12.10 Capital Budgeting Techniques
- 12.11 Worked-out Problems
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
-
Chapter 13. Responsibility Accounting
- 13.1 Meaning and Concept of Responsibility Accounting
- 13.2 Prerequisites of Responsibility Accounting
- 13.3 Assumptions of Responsibility Accounting
- 13.4 Advantages or Benefits or Purposes of Responsibility Accounting
- 13.5 Limitations of Responsibility Accounting
- 13.6 Responsibility Centre
- 13.7 Types of Responsibility Centres
- 13.8 Controllable and Non-controllable Costs
- 13.9 Responsibility Reporting
- 13.10 Types of Responsibility Reports
- Chapter Review Summary
- Chapter Review Quiz
- Exercise
- Appendix
- Copyright
Product information
- Title: Management Accounting
- Author(s):
- Release date: July 2010
- Publisher(s): Pearson India
- ISBN: 9788131731789
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