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Comprehensive Textbook of Financial Cost and Management Accounting for the students of M.B.A. and M.C.A.
Management Accounting in Support of Strategy explores how management accounting can support the strategic management process of analysis, formulation, implementation, evaluation, monitoring, and control. If the management accountant is to add value to the business they need to understand how the business works. The toolbox available to the management accountant does not just contain the accounting techniques, but also includes the strategy models and frameworks described in this book. Armed with this array of tools the management accountant is well placed to add significant value to the business. The reader will gain an understanding of the strategic management framework, strategic models and tools, and how management accounting can support the strategic management process. It will be beneficial for undergraduate and postgraduate course students studying strategy or management accounting. The book will also enable practicing accountants to understand how they can make a significant contribution to the success of their organization by demonstrating how management accounting can be used in support of strategy.
AUDIENCE: For upper level undergraduate and MBA Management Accounting courses. APPROACH: Atkinson is a managerially-oriented book that focuses on both quantitative and qualitative aspects of classical and contemporary managerial accounting. COMPETITORS: Garrison, MH;
Suitable for students studying both traditional and new Management Accounting techniques, this text takes its readers beyond just the traditional accounting techniques, to place accounting information and the role of the Management Accountant in a broader organizational context.
Accounting is the provision of financial information to managers or owners, as well as to external users, so that they can make business decisions. It measures, monitors and controls business activities. Management Accounting provides a very accessible and easy-to-follow introduction to accounting. It introduces students to accounting and provides them with a clear understanding of the theory and practice of management accounting. The text blends theory and practice by stressing the underlying concepts and context of accounting. Text thoroughly updated to include examples that comply with the new format adopted by International Accounting Standards for listed companies. 'Real Life Nuggets' and other material from the business press will be revised and updated. A large number of end of chapter questions of escalating difficulty, together with the accompanying answers, enables the reader to develop their understanding of the key concepts discussed in the text.
Accounting for Managers explains how accounting information is used by non-financial managers. The book emphasises the interpretation, rather than the construction, of accounting information and encourages a critical, rather than unthinking acceptance, of the underlying assumptions behind accounting. It links theory with practical examples and case studies drawn from real life business situations in service, retail and manufacturing industries.
Accounting for Management is a comprehensive textbook designed especially for post graduate students of business management. It takes a practice oriented approach to explaining the core concepts of accounting, with the help of numerous illustrations and solved examples. The book is divided in to five parts and provides a comprehensive coverage of financial accounting, cost accounting and management accounting. Part I on Basic Financial Accounting discusses accounting concepts, accounting books and entries, corporate reporting. Part II on Financial Management covers financial statement analysis, fund flow and cash flow analysis, working capital management, and capital budgeting. Part III on Cost Accounting includes introduction to cost accounting, material cost control, overhead cost allocation, activity based costing etc. The following part (IV) on Management Accounting enumerates the cost volume profit relationship, decision making and pricing. The book concludes with Part V on Planning, Control and Performance Measurement that discuses standard costing, budgetary control, responsibility accounting, among other topics. The book will also be useful for business and accounting professionals for its optimal mix of theory and practice.