The book provides a comprehensive coverage of the course-content requirements of the students appearing in the paper ‘Management Accounting’ at the MBA and MCom examinations of different Indian universities and those of professional Institutions. The book has been divided into Five Convenient Sections. Each Section covers a different aspect of ‘Management Accounting’ with the subject divided into chapters covering different topics in a systematic and concise manner. A complete section comprising Cost Problems with Solutions makes the study even more informative and interesting.
The unique features of this book lie in its simple and systematic presentation of theory, which would enable the students to solve practical problems with ease. The other main strengths of this book are: plentiful illustrative examples and end-of-the-chapter exercises with answers.

Section-1: Accounting Principles and Processes
• Meaning and Scope of Accounting • Accounting Principles • Basic Accounting Terms • Journalising Transactions • Ledger Posting and Trial Balance • Sub-Division of Journal • Negotiable Instruments • Final Accounts • Rectification of Errors • Depreciation, Provisions and Reserves • Inventory Valuation

Section-2: Cost and Management Accounting
• Management Accounting: Nature and Scope • Cost Accounting: Meaning and Scope • Basic Cost Concepts • Human Resource Accounting • Innovative Concepts • Activity Based Costing

Section-3: Financial Analysis
• Financial Statements: Analysis and Interpretation • Funds Flow Statement • Cash Flow Statement • Leverages

Section-4: Planning and Control
• Budgetary Control • Standard Costing • Variance Analysis • Marginal Costing and Profit Planning • Decisions involving Alternative Choices • Pricing Decisions

Section-5: Case Problems with Solution