Accounting For Managers

The present book covers the whole course prescribed for B.Com. Semester VI for various Universities of Uttar Pradesh.
Salient features of the book :
● The subject matter has been arranged and systematized strictly according to the 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 the ‘proposed dividend’ will be treated as a ‘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) Act, 2019.
● An important feature of the revised edition of this book is that the Notification dated 24th March 2021 has amended Schedule III to the Companies Act, 2013, which is effective from the 1st day
of April 2021 has been included.
● The only book on Management Accounting which is revised and updated based on the following notifications issued by the Ministry of Corporate Affairs, Government of India: Notification dated 11th October 2018 and Notification dated 24th March 2021 effective from 01-04-2021— For the words “Securities Premium Reserve” the words “Securities Premium” has been substituted.
Many important changes have been made in the General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss.

Unit I : Management Accounting : Concept, Meaning, Characteristics, Difference between Financial Accounting Management Accounting, Difference between Cost Accounting and Management Accounting, Techniques, Objectives and Importance. Management Accountant : Duties, Status, Functions and Responsibility. Financial Statement Analysis and Interpretation : Meaning, Objectives, Characteristics of an Ideal Financial Statement, Parties Interested in Financial Statement, Types of Financial Analysis : Horizontal, Vertical and Trend Analysis.
Unit II : Ratio Analysis : Meaning, Utility, Classification of Ratios : Profitability Ratio, Activity Ratio and Financial Position Ratios, Fund Flow and Cash Flow Statement: Concept, Meaning of the term Fund and Preparation of Fund Flow Statement and Cash Flow Statement (AS-3).
Unit III : Business Budgeting : Meaning of Budget and Budgeting, Objectives, Limitation and Importance, Essentials of effective Budgeting, Classification of Budgets : Flexible budget and Zero Based Budget, Marginal Costing : Meaning, Determination of Profit under Marginal Costing, Pricing of Product, make or by Decision, Selection of most profitable channel. Break Even Analysis : Concept and Practical Applications of
Break even Analysis.
Unit IV : Standard Costing and Variance Analysis : Meaning and Objectives of Standard Costing Setting of Standard, Variance Analysis : Material and Labour Variance. Reporting to Management : Meaning, Objectives, Principles of Reporting, Importance of Reports, Classification of Reports, Reporting at different Levels of Management.

Accounting For Managers Contents

1. Management Accounting (An Introduction)
2. Financial Statements
3. Analysis And Interpretation Of Financial Statements
4. Ratio Analysis
5. Funds Flow Statement
6. Cash Flow Statement (As Per Accounting Standard–3)
7. Budget And Budgeting
8. Fixed And Flexible Budget
9. Zero Base Budget
10. Marginal Costing
11. Marginal Costing (As A Tool For Decision Making)
12. Break Even Analysis (Concept And Practical Applications Of Break Even Analysis)
13. Standard Costing
14. Variance Analysis (Material & Labour Variance)
15. Reporting To Management