Management Accounting
- 1st ed.
- New Delhi Oxford University Press 2015
- 740
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