MBA Management Accounting

This book is a comprehensive & authentic book on ‘Management Accounting’. The three-fold objective of this book is as follows:

·    What kind of information managers need?

·    Where from this information can be obtained?

·    How this information can be used to carry essential functions (like planning, control & decision making) of the business?

This book aims to fulfill the requirement of students of under-graduate and post-graduate courses conducted by Business Schools and Universities.

The Present Publication is the 2nd Edition, authored by Dr. R.P. Rustagi, with the following noteworthy features:

·    [Simple, Lucid, Systematic] The subject-matter is presented in a simple, systematic method along with comprehensive explanation of the concept and theories underlying Management Accounting.

·    [Student-Oriented Book] This book has been developed, keeping in mind the following factors:

o   Interaction of the author/teacher with his/her students in the class-room

o   Shaped by the author/teachers experience of teaching the subject-matter at different levels

o   Reaction and responses of students have also been incorporated at different places in the book

·    300+ Multiple Choice Questions, 300+ Graded Illustrations and Theoretical Questions have been incorporated at appropriate places

·    [Synopsis] in the beginning of every chapter has been provided, to present a concise view of the contents of the respective chapter

·    [Summary] in the form of ‘Points to Remember’, at the end of every chapter is provided, to recapitulate the contents of the respective chapter

·    Chapter 2 in this book features basic accounting principles, concepts and procedures in a capsuled form, for beginners.

·    The contents of this book are as follows:

o   Using Financial Statements

§  Statement of Financial Information

§  Analysis of Financial Statements

§  Statement of Change in Financial Position

§  Financial Planning, Forecasting and External Funds Requirements

o   Cost Database for Management Accounting

§  Cost: Concepts, Behaviour and Analysis

§  Job Order and Contract Costing

§  Process Costing

§  Absorption Costing and Variable Costing

o   Cost Information and Decision Making

§  Cost-Volume-Profit Analysis

§  Relevant  Cost and Alternative Choice Decisions

§  Activity Based Costing

o   Planning, Control and Performance Measurement

§  Budgeting and Budgetary Control

§  Standard Costing and Variance Analysis

§  Responsibility Accounting

About the Author

R.P. Rustagi

Dr R.P. Rustagi was Associate Professor in the Department of Commerce, Shri Ram College of Commerce, University of Delhi—his alma mater—where he taught Accounting and Finance for over forty years. He holds an M.Com. and M.Phil. (Accounting and Finance) from Delhi School of Economics, University of Delhi, a Doctorate from Jiwaji University, Gwalior, and is a Fellow Member of the Institute of Company Secretaries of India, New Delhi. He is associated with post-graduate teaching in the Department of Commerce, University of Delhi, and serves as visiting faculty for Executive Development Programmes in Finance conducted by the ICAI, ICSI, and other management institutes. His academic interests span Strategic Financial Management, Investment Management, and Capital Markets. He is an established author in Accounting and Financial Management, with eight titles published by Taxmann spanning undergraduate, post-graduate, and professional courses. Other Books by the Same Author

• Derivatives and Risk Management—MBA | M.Com. | PGDM | CFA and other post-graduate courses in Commerce and Management
• Financial Management: Theory, Concepts and Problems—CS | CWA | MBA | M.Com. | CFA | PGDM and other post-graduate courses in Commerce and Management
• Principles of Financial Management—CA (IPCC) and other courses in Commerce and Management
• Elements of Financial Management—MBA (U.P. Tech. University) and other courses in Commerce and Management
• Financial Management: Problems and Solutions—CS | CWA | MBA | M.Com. | CFA | PGDM and other post-graduate courses in Commerce and Management
• Working Capital Management—MBA | M.Com. | PGDM | CFA and other courses in Commerce and Management
• Management Accounting—MBA | M.Com. | CA | CS | ICWA | PGDM | CFA and other post-graduate courses in Commerce and Management
• Fundamentals of Management Accounting—B.Com. (Hons.) Vth Semester, University of Delhi and other courses in Commerce