Description

About the Book

This edition provides a lucid presentation of how to use financial information to manage costs. It explains how the financial processes of an organization (planning, budgeting, capital investment analysis, and costs) are interrelated, and interprets these processes in the context of the firm’s strategic objectives and long-term goals. It is redesigned in a simple language and a lucid style with a view to explaining the Cost Management to the students. Numerous examples have been incorporated in this book to illustrate the basic principles of the subject. A good number of practical problems are given at the end of each chapter for practice by students. The key features of this text are:

• having conceptual knowledge of the fundamentals;
• treating the subject matter in logical sequence;
• presenting the thought with clarity and supplementing with examples, charts, and diagrams; and
• working and solving the problems in accordance with correct principles and process.

This edition is presented in a concise manner, adopting to teach self style and strictly following student-friendly approach and theories simplified with illustrations. If you want a thorough understanding of Cost Management, this powerful book will be the best tutor you can have.

About the Author

Dr. Pawan Kumar Oberoi is senior lecturer in Department of Management at Bhagwati College of Management and Technology, Meerut. He obtained his M.A. (Economics), M.Com., M.B.A and Ph.D degrees from C.C.S. University, Meerut. A committed academician and prolific writer, he has many research publications to his credit. He has published more than six articles in leading Journals. His language, style and way of presentation is so lucid and strong that even the serious and difficult subject becomes under-standable. An eminent and well established author since 2002, he has written several books on accounting and finance. Some of them are— ‘Financial Management’, ‘Management Accounting’, ‘Cost Management’, ‘International Trade’, ‘Optimization Techniques’ and many more. Reading, writing and teaching have always remained and is still his main passion.