Description

About the Book

The 2nd edition of Management Accounting is a comprehensive textbook specially designed to meet the needs of B.Com, M.Com and MBA students. It explores core concepts of management accounting through managerial applications and supplements them through numerous solved problems and case studies. Beginning with an overview of management accounting, the book acquaints the readers with the various cost concepts.

This edition explains elements of cost like material costing, labour costing, direct expenses and overheads. It discusses the determination of cost through unit costing, job and batch costing, operating costing, contract costing and process costing. The book discusses planning, control and decision making and management applications. It also covers advanced issues like learning curve, target costing, capacity management, kaizen costing, quality costing, activity based costing, throughput back flush costing, etc.

Readers will find this book highly useful for its in-depth coverage of the key concepts of management accounting and also as a guide to make informed and systematic business decisions.

About the Authors

Dr. P.V.  Khatri is a Senior Faculty Member in the Department of Commerce, Swami Shradhanand College, University of Delhi. He has done his M.Com and Ph.D. from the Faculty of Commerce and Business, Delhi School of Economics, University of Delhi. He has also done his LL.B. from the Faculty of Law, University of Delhi. He also has to his credit MBA with specialisation in Marketing and Law. He has been associated with teaching and research on consumer affairs, consumer protection laws, social responsibility of business, corporate laws and governance in various institutions of higher learning including Indira Gandhi National Open University (IGNOU), Indian Law Institute (Deemed University) and Indian Institute of Public Administration (IIPA). He has also served as Professor and Director of a Business School under Guru Govind Singh Indraprastha University, Delhi.

Dr. Sudhanshu Verma is a Assistant Professor of Banking and Finance with the Faculty of Management, Gurukul Kangri Vishwavidyalaya where he teaches and conducts research in the field of Banking, Finance and Operation research. He has authored two books and published five research papers in the journals of national repute. Dr. Sudhanshu has done his MBA from MJP Rohilkhand University Bareilly UP and his Ph. D. from Gurukul Kangri Vishwavidyalaya under the able guidance of Dr. Bindu Arora, Professor FMS. KGM Dehradun.