Management Accounting is a comprehensive textbook designed to meet the requirements of MBA students. It not only aims to familiarize readers with the core concepts of accounting but also links these aspects with a cross-functional team of an organization including production, maintenance, human resources, administration, and information technology. The book is divided into 5 parts. Part I, Management Accounting—Overview introduces the fundamentals of management accounting, role of management accountant as change agent, and methods of cost accounting including process costing, operating costing, and more. Part II, Management Accounting for Planning, provides a detailed discussion on budgeting including its purpose, process, and forms. Profit planning for short and long term along with risk analysis is also covered in this section. Part III, Management Accounting for Control, addresses budgetary control, internal and external control systems, and government regulatory practices in detail. Part IV, Management Accounting for Decision Making, gives special emphasis to decision making in short and long term covering manufacturing and marketing decisions for marginal costing. Part V, Management Accounting for Innovation, explains new techniques of costing such as value chain analysis, total cost management, life cycle costing, and more. The book concludes with an annexure on case studies and analysis, which details application of management accounting through 13 case studies. With over 200 practice questions and nearly 40 case studies, the book will be useful both for students and professionals

PART I Management Accounting—Overview
Chapter 1. Introduction to Management Accounting
Chapter 2. Impact of Globalization on Costs
Chapter 3. Management Accounting Framework, Classification, and Methods
PART II Management Accounting for Planning
Chapter 4. Budgetary Process
Chapter 5. Profit Planning for Short Term
Chapter 6. Long-term Planning and Risk Analysis
PART III Management Accounting for Control
Chapter 7. Budgetary Controls
Chapter 8. Internal Control Systems
Chapter 9. External Controls—Price Control, Support Prices, and Subsidies
PART IV Management Accounting for Decision Making
Chapter 10. Short-term Decision Making
Chapter 11. Long-term Decision Making
PART V Management Accounting for Innovation
Chapter 12. New Techniques of Costing