We have great pleasure in presenting First edition “Managerial Accounting” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to pro vide the students with thorough understanding of Managerial Accounting. 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 Introduction to Financial Accounting
Introduction
Purpose and Objectives of Accounting Information
Uses and Users of Accounting Information
Branches of Accounting
Basic Terminology in Accounting
GAAP and the Accounting Environment
Accounting Concepts
Accounting Conventions
Review Questions
Practical Problems with Answer
Module – 2 Recording Accounting Transactions
Introduction
Concept of Double Entry System
Basic Knowledge of Accounting Process
Journal
Ledger
Subsidiary Books
Trial Balance (Theory and Problems)
An Overview of Accounting Standards in India
Preparation of Final Accounts
Income Statement and Balance Sheet
(Problems on Vertical method) as per Companies Act 2013.
Review Questions
Practical Problems with Answer
Module – 3 Financial Statement Analysis and Reporting
Introduction
Accounting for Tangible & Intangible Assets
Fixed Assets (AS-10) and Depreciation (AS-6)
Techniques of Financial Statement Analysis
Analyzing Financial Statements using Ratio Analysis
Cash Flow Statement
Understanding Annual Reports
Earnings Relations
Review Questions
Practical Problems with Answer
Module – 4 Costing for Managerial Decisions
Introduction
Conceptual Issues in Cost Accounting
Classification of Costs
Preparation of Cost Sheets
Cost Control and Cost Reduction Techniques
including Standard Costing
Understanding Marginal Costing
CVP
Break-even Analysis
ABC in Decision-making with Practical Problems
Overview of Budget
Budgetary Control
Types of Budgets
Problems on Flexible Budget
Review Questions
Practical Problems with Answer
Module – 5 Emerging Trends in Accounting
Introduction
Introduction to IFRS its Global Significance in Financial Reporting
Overview of Inflation Accounting
Human Resource Accounting
Responsibility Accounting
Understanding Forensic Accounting
Cloud Accounting practices
Concept of Carbon Credits and their Accounting
Implications in Sustainability Reporting.
Review Questions
