Accounting for Management is a comprehensive textbook specially designed for postgraduate students of business management. It follows a practice-oriented approach to explain the core concepts of accounting, with the help of numerous illustrations and solved examples. The book is divided into five parts and provides a comprehensive coverage of financial accounting, cost accounting, and management accounting. Part I on basic financial accounting discusses accounting concepts, accounting books and entries, and corporate reporting. Part II on financial management covers financial statement analysis, fund flow and cash flow analysis, working capital management, and capital budgeting. Part III on cost analysis and product costing includes introduction to cost accounting, material cost control, overhead cost allocation, activity-based costing, etc. Part IV on management accounting and decision-making enumerates the cost-volume-profit relationship, decision-making, and pricing. The book concludes with Part V on planning, control, and performance measurement that discusses standard costing, budgetary control, responsibility accounting, among other topics. The book will also be useful for business and accounting professionals for its optimal mix of theory and practice.

PART I: BASIC FINANCIAL ACCOUNTING
Chapter 1. Introduction to Accounting
Chapter 2. Generally Accepted Accounting Practices (GAAP)
Chapter 3. Accounting Books and Entries
Chapter 4. Valuation of Assets
Chapter 5. Corporate Reporting
PART II: FINANCIAL MANAGEMENT
Chapter 6. Financial Statement Analysis
Chapter 7. Fund Flow and Cash Flow Analysis
Chapter 8. Working Capital Management
Chapter 9. Capital Structure and Cost of Capital
Chapter 10. Capital Budgeting
PART III: COST ANALYSIS AND PRODUCT COSTING
Chapter 11. Cost Classifi cation
Chapter 12. Material Cost Control
Chapter 13. Overhead Cost Allocation
Chapter 14. Activity-based Costing
Chapter 15. Job and Contract Costing
Chapter 16. Process Costing
Chapter 17. Costing in Service Sector
PART IV: MANAGEMENT ACCOUNTING AND DECISION-MAKING
Chapter 18. Cost-Volume-Profit Analysis
Chapter 19. Decision-making
Chapter 20. Pricing Decisions
PART V: PLANNING, CONTROL, AND PERFORMANCE MEASUREMENT
Chapter 21. Transfer Pricing
Chapter 22. Standard Costing
Chapter 23. Budgetary Plan, Control, and Evaluation
Chapter 24. Responsibility Accounting