“Management Accounting” begins when financial accounting ends is a phrase which explains the role of Management Accounting in financial analysis. Management Accounting is a discipline which explains the methods and procedures adapted to analyze the financial statement of an organization. Analysis of financial accounting for a given period, adapting techniques such as ratio analysis, fund flow analysis etc., will help the finance managers to take sound decisions on financial matters. Management Accounting supports competitive decision making by collecting, processing and communicating information that helps management to plan, control and evaluate business to process and company strategy. Business managers have to take countless decisions everyday and management accounting information provides data driven leverage management accounting as a powerful tool to make their business more successful.
This title Management Accounting discusses the tools and techniques of financial analysis such as comparative financial statements, ratio analysis, funds flow statement, cash – flow statement, management reporting, etc., and how these tools provide strong support to take financial and other decisions. Preparation of annual budgets for producing goods and services are fully supported by the tools of management accounting. This work is written in an easily understandable manner, providing sufficient illustrations for each technique of MA. Authors strongly feel that this work will help the students of Management Accounting in understanding the tools and techniques of this subject.
This title focuses on basics of Management Accounting, Financial Statements, Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis and Management Reporting. These are the common tools or techniques adapted to analyse the financial statements. Many Universities including Bangalore University have introduced this subject at Degree level to explain the basics of Management Accounting. Hence this work is brought out covering aforesaid basic aspects of the subject in a very simple manner. Sufficient illustrations are provided to explain the critical aspects of the topics.
Contents –
1. Introduction to Management Accounting
2. Ratio Analysis
3. Funds Flow Analysis
4. Cash Flow Analysis
5. Management Reporting
