We have great pleasure in presenting First edition “Accounting for Managers” written for students of PG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Accounting for Managers. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Module – 1 Conceptual Basis for Accounting
Introduction
Meaning of Business Organizations
Definition of Business Organizations
Understanding forms of Business Organizations
Framework and Process of Accounting
Journalizing Business Transactions
Posting into Ledger Accounts
Preparation of Trial Balance
Objectives of Accounting Information
Purpose of Accounting Information
Users of Accounting Information
Branches of Accounting
Basic Terminology
Fraud and Ethical Issues in Accounting
Review Questions
Practical Problems with Answer
Module – 2 Orientation to Financial Statement
Introduction
Financial Statements of Companies
Income Statement
Balance Sheet
Statement of Changes in Equity
Cash Flow Statement
Notes to Accounts
Terms and Jargons in Financial Statements
Accounting Concepts
Accounting Conventions
Orientation to Indian Accounting Standards
Review Questions
Practical Problems with Answer
Module – 3 Analyzing and Interpreting Financial Statements
Introduction
Objectives of Financial Statements Analysis
Sources of Information
Standards of Comparison
Quality of Earnings
Window Dressing
Beating Window Dressing
Presentation of Financial Statements for
Analysis and Interpretation
Analyzing Financial Statements
Ratio Analysis
Du-Pont Model
Altman’s Z Score
Modified C Score
Piotroski’s F Score
Trend Analysis
Comparative Statements
Common Size Statements
Cash Flow Statement
Review Questions
Practical Problems with Answer
Module – 4 Orientation to Cost Accounting
Introduction
Meaning of Costs
Classification of Costs
On the Basis on Elements
On the Basis on Functions
On the Basis on Behaviour
Cost Ascertainment
Preparation of Cost Sheet
Review Questions
Practical Problems with Answer
Module – 5 Managerial Decision-making
Introduction
Cost Management
Techniques for Controlling
Reducing Cost
Marginal Costing
CVP Analysis
Decision Areas
Make or Buy
Profitable Product Mix
Addition of a New Product Line Budgetary Control
Preparation of Flexible Budgets
Reporting of Variances
Review Questions
Practical Problems with Answer
Module – 6 Trends and Developments in Accounting
Introduction
Orientation to Accounting Packages
Cloud Accounting
Responsibility Accounting
Forensic Accounting
Human Resource Accounting
Corporate Social Reporting (Triple Bottom Line)
Environmental Accounting
Review Questions
