MANAGEMENT ACCOUNTING

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This fully updated textprovides students with a clear and well-structured introduction to financial and management accounting. It focuses on presenting, with great clarity, how to use accounting information to make business decisions in order to help students interpret, analyse, and evaluate actual corporate financial statements. The book is suitable for students taking a first course in accounting. Focusing squarely on the needs of business and management students, the book offers an innovative and practical approach to the subject. Without being burdened with unnecessary details, the students get a complete overview of the subject supplemented with practical exercises to test their skill at the end of each ch

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Madhu Vij is a Professor of Finance at the Faculty of Management Studies, University of Delhi, where she teaches Financial and Management Accounting and International and Corporate Finance. Her specialisation includes International Financial Management, Management of Financial Services, and Management of Financial Institutions. Table of Contents Preface • Acknowledgements • Part I Accounting in Business • Account for Decision-making: A Managerial Perspective • Analysing and Recording Business Transactions • Preparation of Financial Statements • Depreciation Methods • Inventory Valuation • Part II Analysis of Financial Statements • Funds Flow Statement • Statement of Cash Flows • Financial Statement Analysis • Part III Cost Behaviour, Planning and Decision-Making • Cost Concepts for Planning and Control • Cost Ledger and Control Accounts • Reconciliation and Integration of Financial and Cost Accounts • Cost-Volume-Profit and Break-Even Analysis • Relevant Costing in Managerial Decisions • The Budgeting Process • Standard Costing and Variance Analysis • Part IV Cost Control and Performance Evaluation • Responsibility Accounting and Divisional Performance Measurement • Transfer Pricing • Job Order Costing and Batch Costing • Process Costing and Joint Product Costing • Variable Costing and Absorption Costing • Human Resources Accounting and Inflation Accounting • Life-Cycle Costing • Index