It gives us immense pleasure to present this book titled, ‘Managerial Accounting’ to our intelligent and dynamic readers, the scholar students of different Management Courses and knowledge seekers. This book intends to cover, in detail, the entire Syllabus as per 2019 Pattern of ‘Managerial Accounting’ of MBA Programme offered by Savitribai Phule Pune University formerly known as University of Pune. Apart from that, this book is also useful to the UG and PG students of other universities who have ‘Management Accounting’ as a subject in their respective curriculum. This book is a sincere attempt to provide readers with latest study material in simple and lucid language. To make the topics clear to the students, various examples have been included.
Managerial Accounting mainly covers various basic accounting and financial aspects of the business organizations. This book will help to understand the basic concepts of Financial Accounting, Cost Accounting and Management Accounting. It also provides various tools of Financial Accounting and Cost Accounting which would facilitate decision-making. Due to Globalization, Liberalization, and Privatization, it is essential to have basic knowledge of Accounting, Costing and Finance for all the Entrepreneurs, Managers and Executives who are working at domestic, national and international level. For developing analytical abilities and to face the business situations, basic information and knowledge is must which is provided in this book.
Looking at the new trends and scenarios, and acknowledging necessity of studying various dimensions of Accounting and Finance, the Savitribai Phule Pune University has included this subject in their MBA Programme.
Contents –
Part One: Overview of Financial Accounting
1. Basic Concepts of Accounting
2. Understanding of Financial Statements
Part Two: Cost Accounting
3. Cost Accounting and Preparation of Cost Sheet
Part Three: Cost Control
4. Material Cost Control
5. Labour Cost Control
6. Overhead Cost Control
Part Four: Decision Making Tools
7. Marginal Costing
8. Standard Costing
9. Budgetary Control
Multiple Choice Questions (MCQs)