Management Accounting-Concepts and Applications

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Management accounting has regained its importance due to changes in economic and business environment. The basic nature of the subject has changed from ‘complacent, descriptive and lengthy’ to ‘competitive, analytical and brief ’. Gone are the days when readers were expected to go through lengthy and irrelevant, boring and stuffing pieces of information on the subject. Today, because of the time and resource constraints together with increased work pressure, readers expect precise, to the point and relevant information. Keeping these points in mind, the book has been written in a most reader-friendly manner and is supplemented with adequate number of numericals and solved examples. Salient Features · Deals with management accounting from a contemporary perspective - the concepts and applications are simplified, lucid and redefined. · Discusses basic concepts and makes management accounting so simple that a lay person may also become interested. · A perfect blending of numerical a

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Rajesh Kothari is the Dean, Faculty of Management Studies, University of Rajasthan, Jaipur. Prior to this he was an Associate Professor at R.A. Podar University of Management, Jaipur where he has been on the faculty since 1983. Abhishek Godha is an MBA and a Chartered Accountant. Table of Contents 1. Management Accounting: An Introduction 2. Using Financial Information for Management Accounting 3. Cost Concepts 4. Ratio Analysis 5. Funds Flow Analysis 6. Cash Flow Analysis 7. Cost Concepts for Management Accounting: An Overview 8. Job Order Costing (Cost Techniques - I) 9. Job Order Costing (Cost Techniques - II) 10 Contemporary Issues in Cost Reduction Systems 11. Marginal Costing and Absorbtion Costing 12. Cost Volume Profit Analysis 13. Budgetary Control 14. Standard Costing and Variance Analysis 15 Emerging Issues in Management Accounting