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Description of the book - Management Accounting Text Problems And Cases

Accounting information can be used in many different ways. It can be used to provide information that can help managers in making decisions and also in defining long term goals and directions for the organization. Management Accounting : Text, Problems and Cases covers this aspect of accounting information in detail. It first explains the Nature of Management Accounting. Then, the book deals with financial accounting and analysis methods for decision making in seven parts.

The second part focuses on Financial Accounting. It goes into the generally accepted accounting principles and standards. It explains accounting cycles and financial statements. The third part, Financial Analysis, covers cash flow statements and analysis of financial statements.
The next part explains Cost Accumulation. It examines the needs of cost concepts and costing in various aspects of management, like control of labour, and materials. The book then discusses Profit Planning. It explains budgeting and profit planning and volume-cost-profit analysis.
The sixth part covers Cost Control concepts like standard and quality costs, variance analysis, and responsibility accounting. The final part covers Decision Making. It looks at capital budgeting and short-run decision analysis.

This edition of Management Accounting : Text, Problems and Cases has additional information on accounting standards, cash flow statements, and understanding corporate financial statements. It has a new section covering service costing. The book also includes numerous case studies that help in gaining a deeper understanding of the concepts. The book is written in a simple style.

Table of Contents

Chapter 1. Nature of Management Accounting
Chapter 2. Generally accepted Accounting Principles and Accounting Standards
Chapter 3. Accounting Cycle and Statements of Financial Information
Chapter 4. Understanding Corporate Financial Statements and Reports
Chapter 5. Cash Flow Statement
Chapter 6. Financial Statements Analysis
Chapter 7. Cost Concepts and Management Needs
Chapter 8. Costing and Control of Materials
Chapter 9. Costing and Control of Labour
Chapter 10. Costing and Control of Factory (Manufacturing) Overheads
Chapter 11. Costing and Control of Administrative, Selling and Distribution Overheads
Chapter 12. Activity Based Costing System
Chapter 13. Job-Order, Batch and Service Costing
Chapter 14. Process, Joint and By-Product Costing
Chapter 15. Variable Costing and Absorption (Full) Costing
Chapter 16. Volume-Cost-Profit Analysis
Chapter 17. Budgeting and Profit Planning
Chapter 18. Standard Costs and Quality Costs
Chapter 19. Cost Variance Analysis
Chapter 20. Revenue and Profit Variance Analysis
Chapter 21. Responsibility Accounting
Chapter 22. Short-Run Decision Analysis
Chapter 23. Capital Budgeting

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