• B.B.A Semester III of University of Lucknow, National Post Graduate College Lucknow, Dr Bhimrao Ambedkar University Agra
• B.Com (Hons) Semester III of Kumaun University; B.Com (Hons) Semester IV of Aligarh Muslim University, Sri Dev Suman Uttarakhand University Tehri Garhwal, University of Lucknow; B.Com (Hons) Semester V of Jamshedpur Women’s College, University of Lucknow; B.Com (Hons) Semester VI of MATS University Raipur
• B.Com (Hons) III Year of Mahatma Jyotiba Phule Rohilkhand University Bareilly & B.Com III Year of Dr Bhimrao Ambedkar University Agra, Mahatma Jyotiba Phule Rohilkhand University Bareilly, Baster University, Atal Bihari Vajpayee Vishwavidyalaya Bilaspur, Pandit Ravishankar Shukla University Raipur, Sarguja University Ambikapur, Dr Rammanohar Lohia Avadh University Faizabad, Veer Bahadur Singh Purvanchal University Jaunpur, Bundelkhand University, Chhatrapati Shahu Ji Maharaj University Kanpur
• M.Com Semester II of Tilka Manjhi Bhagalpur University, Lalit Narayan Mithila University Darbhanga, Magadh University, Patliputra University, Purnea University, Veer Kunwar Singh University Ara, Bhupendra Narayan Mandal University Madhepura, Jai Prakash University Chhapra, Babasaheb Bhimrao Ambedkar Bihar University, Patna University, Munger University

In the present complex business world, management accounting has become an integral part and useful tool of a management system. In fact, management accounting represents a happy blending of two older professions of ‘Management’ and ‘Accounting’, which leads to the success of a business concern through accounting control and managerial efficiency. The present text has been planned and designed to cope with the needs of B.Com. students and to present the subject in simple language and lucid style.

Salient features of the book:

• The subject-matter has been arranged and systematized strictly according to course prescribed.
• In this revised edition chapters on RATIO ANALYSIS and FUNDS FLOW STATEMENT have been thoroughly revised and enlarged.
• Chapter of CASH FLOW STATEMENT has been written strictly as per AS-3 and AS-4 (Revised) Contingencies and Events Occurring after the Balance Sheet Date. The revised AS-4 prescribes that ‘proposed dividend’ will be treated as ‘Contingent liability’ instead of short-term provisions.
• Rate of Income Tax @ 25 percent on companies has been applied in all numerical questions as per amendment made by the Finance (No. 2) Bill, 2019.
• An important feature of a revised edition of this book is that all relevant chapters have been re-drafted as per revised format of Balance Sheet and Statement of Profit & Loss given in Schedule III of the Companies Act, 2013. In this context, a terminology has also been used as per new formats.
• The language and style of presentation are very simple and the subject-matter has been divided into various headings and sub-headings so as to give flow in studying this numerical subject.
• Both theoretical and numerical aspects of the subject have been given due importance.
• The numerical illustrations have been carefully graded with supporting theoretical background. At many places, explanatory notes have also been given to clarify the working of solution.
• Numerical illustrations and questions have been arranged in a systematic and scientific sequence from simple to complex.
• Illustrations and questions both have been arranged in an identical sequence so that students can easily solve the questions after understanding the illustration in the same order.
• In the selection of illustrations and questions priority has been given to university examination papers so that students may make practice according to that standard.
• Short answer and objective type questions (Theoretical & Numerical) have also been incorporated according to a new examination pattern of different universities.
• Standard but simple formulae have been used in different chapters and at the end of each chapter, all formulae relevant to that chapter have been given at one place.

Management Accounting Book Contents

1. Management Accounting (An Introduction)
2. Financial Statements (Meaning, Type and Limitations)
3. Analysis and Interpretation of Financial Statements
4. Ratio Analysis
5. Funds Flow Statement
6. Cash Flow Statement (as per Accounting Standard – 3)
7. Absorption Costing and Marginal Costing
8. Marginal Costing (as a tool for Decision Making)
9. Differential Costing
10. Cost-Volume-Profit Analysis (Break-Even Point)
11. Budget and Budgeting
12. Budgetary Control
13. Fixed and Flexible Budgeting
14. Cash Budget
15. Sales and Production Budget
16. Control Ratios
17. Zero Base Budgeting
18. Responsibility Accounting
19. Performance Budgeting
20. Standard Costing
21. Variance Analysis (Material & Labour Variance)
22. Overhead (Two-Way) Variance Analysis

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