Management Accounting Theory & Practice  
Published by Vijay Nicole Imprints Private Limited
Publication Date:  Available in all formats
ISBN: 9789393665096

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ISBN: 9788182093348 Price: INR 350.00
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This book on Management Accounting has more than 300 solved problems, Over 700 exercices with hints and answers. Around 300 fully solved latest question papers of various universities. It is also a student-friendly, graded approach, pedagogy rich.

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This book on Management Accounting has more than 300 solved problems, Over 700 exercices with hints and answers. Around 300 fully solved latest question papers of various universities. It is also a student-friendly, graded approach, pedagogy rich.

Table of contents
  • Cover
  • Title Page
  • Copyright Page
  • Contents
  • Preface
  • 1. Nature and Scope of Management Accounting
    • Introduction
    • Meaning of Management Accounting
    • Definition of Management Accounting
      • Characteristics (or) Nature of Management Accounting
    • Scope of Management Accounting ,
    • Functions of Management Accounting
      • Distinction between Financial Accounting and Management Accounting
      • Distinction between Management Accounting and Cost Accounting
    • Tools and Techniques of Management Accounting ,
      • Advantages of Management Accounting
      • Limitations of Management Accounting
      • Installation of Management Accounting System
    • Management Accountant or Financial Controller
      • Functions of Management Accountant
      • Duties of Management Accountant
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
  • 2. Financial Statement Analysis
    • Meaning of Financial Statements
    • Nature of Financial Statements
    • Significance of Financial Statements
      • Limitations of Financial Statements
    • Analysis and Interpretation of Financial Statements
      • Objectives of Financial Statement Analysis
      • Procedure for Financial Statement Analysis
    • Types of Financial Analysis
    • Tools or Techniques of Financial Statement Analysis
    • Illustrations
    • Objective Type Questions
    • Short Answers Questions
    • Long Answer Questions
    • Exercises
  • 3. Ratio Analysis
    • Introduction
    • Meaning of Ratio Analysis
      • Meaning of Ratio
      • Modes of Expression of Ratios
      • Steps in Ratio Analysis
      • Advantages of Ratio Analysis
      • Limitations of Ratio Analysis
    • Classification of Ratios
    • Summary of Ratios
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • 4. Funds Flow Statement
    • Introduction
    • Meaning of Funds
    • Meaning of Flow
      • Meaning of Funds Flow Statement
      • Objectives of Funds Flow Statement
      • Advantages of Funds Flow Statement
      • Limitations of Funds Flow Statement
      • Distinction between Funds Flow Statement and Balance Sheet
    • Preparation of Funds Flow Statement
      • Sources of Funds
      • Application of Funds
      • Steps Involved in Preparation of Funds Flow Statement
      • Computation of Funds from Operations
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • 5. Cash Flow Statement
    • Introduction
    • Meaning of Cash Flow Statement
      • Differences between Cash Flow Statement and Funds Flow Statement
      • Advantages of Cash Flow Statement
      • Limitations of Cash Flow Statement
    • Preparation of Cash Flow Statement
    • Steps Involved in Preparation of Cash Flow Statement
    • Accounting Standard 3(Revised): Cash Flow. Statement
    • Format of Cash Flow Statement
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • 6. Budgets and Budgetary Control
    • Introduction
    • Meaning of a Budget
    • Meaning of Budgeting
    • Budgetary Contol
      • Objectives of Budgetary Control
      • Advantages of Budgetary Control
      • Limitations of Budgetary Control
    • Essentials of Successful Budgetary Control
    • Organization for Budgetary Control
    • Classification of Budgets
      • Budgets Based on Functions
      • Budgets Based on Flexibility
    • Performance Budgeting
      • Definition of Performance Budgeting
      • Objectives of Performance Budgeting
      • Operational Steps in Performance Budgeting
    • Zero Base Budgeting (ZBB)
      • Advantages of Zero Base Budgeting
      • Limitations of Zero Base Budgeting
    • Control Ratios
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • 7. Marginal Costing and Break-even Analysis
    • Introduction
    • Concept of Marginal Cost
    • Concept of Marginal Costing
      • Characteristics of Marginal Costing
      • Advantages of Marginal Costing
      • Limitations of Marginal Costing
    • Marginal Costing and Absorption Costing
      • Meaning of Absorption Costing
      • Distinction between Marginal Costing and Absorption Costing
    • Cost-Volume-Profit Analysis
      • Some Important Concepts and Terms in CVP Analysis
    • Break-even Analysis and Break-even Point
    • Margin of Safety
    • Break-even Charts
      • Assumptions Underlying Break-even Charts
      • Construction of Break-even Charts
      • Advantages of Break-even Charts
      • Limitations of Break-even Charts
      • Types of Break-even Charts
      • Profit Volume (P/V) Graph
    • Applications of Marginal Costing
    • Summary of Formulae for Cost-Volume-Profit Analysis or Break-even Analysis
      • Illustrations
      • Objective Type Questions
      • Short Answer Questions
      • Long Answer Questions
      • Exercises
  • 8. Working Capital
    • Introduction
    • Meaning of Working Capital
      • Definition of Working Capital
      • Concepts of Working Capital
      • Classification of Working Capital ,
      • Importance or Advantages of Adequate Working Capital
      • Redundant Working Capital
      • Dangers of Redundant Working Capital
      • Factors Determining the Working Capital Requirements
      • Estimation of Working Capital Requirements
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • 9. Capital Budgeting
    • Introduction
    • Meaning of Capital Budgeting
      • Definition of Capital Budgeting
      • Features of Capital Budgeting
      • Need and Importance of Capital Budgeting
    • Types of Capital Expenditure Projects
    • Factors Affecting Capital Expenditure Decisions
    • Methods of Appraising Capital Expenditure Proposals (or) Methods of Capital Budgeting
      • Traditional Methods
      • Discounted Cash Flow (DCF) Methods (or) Time Adjusted Methods (or) Present Value Methods
    • Risk Analysis in Capital Budgeting
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • 10. Standard Costing and Variance Analysis
    • Introduction
      • Meaning of Standard
      • Meaning of Standard Cost
      • Meaning of Standard Costing
      • Application of Standard Costing
    • Standard Costing and Budgetary Control
    • Standard Costs and Estimated Costs
      • Advantages of Standard Costing
      • Limitations of Standard Costing
    • Establishment of a Standard Costing System
    • Variance Analysis
      • Summary of Formulae
    • Illustrations
    • Objective Type Questions
    • Short Answer Questions
    • Long Answer Questions
    • Exercises
  • Solutions for Latest University Problems
    • Financial Statement Analysis
    • Ratio Analysis
    • Funds Flow Statement
    • Cash Flow Statement
    • Budgets and Budgetary Control
    • Marginal Costing and Break-even Analysis
    • Working Capital
    • Capital Budgeting
    • Standard Costing and Variance Analysis
Biographical note

Dr. A. Murthy is Head and Assistant Professor, PG and Research Department of Commerce, A.A. Government Arts College, Cheyyar. He has more than 25 years of teaching experience. A prolific and best- selling author, he has written books on Financial Accounting, Corporate Accounting, Cost Accounting, Management Accounting, Insurance, Industrial Organisation, Financial Management and Advanced Accounting.


Dr. Gurusamy is currently Professor and Head, Department of Commerce, University of Madras, Chennai.

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