A Textbook of Accounting for Management, 3rd EditionnThe 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. 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. New in this Edition • Updated position regarding IFRSs and steps for their convergence in India • Two new chapters, namely: ‘Human Resource Accounting’ and ‘Innovative Concepts’ in Section II of the book • Section V, relating to Case Problems, to make the study of the subject more interesting and a real value addition to the knowledge of the reader |
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Nice Handbook with comprehensive practical problems which helps to improve practical implication of financial accounting in current scenario
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31 December A/c Dr absorption costing Account Dr Accounting Standards Actual amount analysis Bad Debts Balance b/d Balance Sheet Bank Bills Payable budget calculated Cash A/c Cash Book cash flow statement cash from operations charged cheque Closing Stock computed cost centre Cost Variance Current Assets Current Liabilities Date Particulars debited depreciation Direct Labour Direct Material Discount Dividend Equity example Expenses factory Factory Overheads financial statements Fixed Assets fixed costs Fixed Overheads funds flow statement Furniture Gross Profit ILLUSTRATION income income statement increase Interest inventory investment journal entries lakh Ledger Loss Account Machinery management accounting manufacturing marginal costing method months output paid payment period Plant prepared Profit and Loss Provision Purchases Quantity Rate raw materials Salaries selling price sold standard costing term transactions Trial Balance Turnover Ratio Variable Costs Variable Overheads Wages