A Textbook of Accounting for Management is a comprehensive guide designed for students pursuing management, commerce, and professional accounting courses. This book provides an in-depth understanding of accounting fundamentals, cost and management accounting, financial analysis, and planning & control techniques. It is structured to cater to the curriculum of MBA, BBA, M.Com, CA, CMA, and CS programs, making it an essential resource for both students and professionals.
Key Features
1. Clear and Structured Content: The book is divided into five well-organized sections, covering accounting principles, financial statements, cost accounting, budgeting, and decision-making techniques.
2. Practical Approach: Includes case problems, real-world examples, and exercises to reinforce learning and application.
3. Updated Concepts: Covers modern accounting techniques such as Activity-Based Costing (ABC), Human Resource Accounting, and Innovative Budgeting.
4. Exam-Oriented: Helps students prepare for university exams and professional certifications with a systematic presentation of topics.
5. Appendix on Financial Statements: Provides guidelines on the preparation and presentation of financial statements as per accounting standards.
Section-wise Breakdown
Section I: Accounting Fundamentals
This section introduces core accounting concepts, including:
1. Meaning and Scope of Accounting – Understanding the role of accounting in business.
2. Accounting Principles – GAAP, accounting standards, and conventions.
3. Basic Accounting Terms – Key terminologies used in financial accounting.
4. Journalizing, Posting, and Trial Balance – Recording transactions and preparing trial balances.
5. Final Accounts – Preparation of Profit & Loss Account and Balance Sheet.
6. Inventory Valuation & Depreciation – Methods like FIFO, LIFO, and WDV.
Section II: Cost and Management Accounting
Focuses on cost management and decision-making tools:
1. Cost Accounting vs. Management Accounting – Differences and applications.
2. Basic Cost Concepts – Fixed, variable, and marginal costs.
3. Activity-Based Costing (ABC) – Modern costing techniques for accurate product pricing.
4. Human Resource Accounting – Valuing human capital in financial terms.
Section III: Financial Analysis
Covers tools for interpreting financial health:
1. Company Financial Statements – Understanding balance sheets and income statements.
2. Funds Flow & Cash Flow Statements – Analyzing liquidity and fund movements.
3. Leverages – Operating, financial, and combined leverage.
Section IV: Planning and Control
Discusses techniques for financial planning and performance evaluation:
1. Budgetary Control – Types of budgets and their significance.
2. Standard Costing & Variance Analysis – Measuring cost deviations.
3. Marginal Costing & Profit Planning – Break-even analysis and decision-making.
4. Pricing Decisions – Strategies for product pricing.
Section V: Case Problems
Includes practical case studies on:
1. Accounting Principles Application
2. Financial Statement Analysis
3. Budgetary Control & Standard Costing
4. Decision-Making Scenarios
Why Choose This Book?
1. Authored by Renowned Experts – Written by Suneel K. Maheshwari, S.N. Maheshwari, and Sharad K. Maheshwari, leading authorities in accounting education.
2. Aligned with Academic & Professional Syllabi – Suitable for CA, CMA, CS, MBA, and B.Com students.
3. Practical Learning – Case studies and exercises enhance problem-solving skills.
4. Publisher’s Reputation – Published by Vikas Publishing House, a trusted name in academic books.
Target Audience
1. Students: MBA, BBA, M.Com, B.Com, CA, CMA, CS
2. Professionals: Accountants, Financial Analysts, Managers
3. Educators: Teachers and professors for reference material
