3 Review(s)

A Textbook of Cost and Management Accounting provides the students with thorough grounding in cost concepts, cost behaviour and methods, and techniques of cost and management accounting with an understanding of the uses and limitations of cost and financial data for managerial operations. The text of the subject matter has been presented in a student-friendly, simple and intelligible manner. Every discussion involving conceptual complexity is immediately illustrated by a numerical example. In addition, the book contains a liberal sprinkling of charts and diagrams so as to make the subject easily understandable and highlight its finer points. The subject matter has been organized on ‘first things first’ basis for its logical presentation that sustains interest. The approach of the book is examination oriented. Thus, a good number of problems and solutions have been included in its chapters. Theoretical and numerical questions have been mostly selected from various examinations. Objective type questions have been given to serve as self test by students. This is an ideal book for self study. New In The Second Edition All chapters thoroughly revised Latest information on Cost Accounting Standards (CAS) issued by the Institute of Cost Accountants of India (ICAI) Chapter on ‘Miscellaneous Topics’ made more contemporary by including some new sub-topics, and thus re-named ‘Advanced Cost Management Techniques’ Revision and augmentation of practical problems Anout the Author M N Arora is Associate Professor in Hans Raj College, University of Delhi. He studied BCom Hons and MCom in Shri Ram College of Commerce and was a position holder in Delhi University. He is also a Fellow Member of the Institute of Cost and Works Accountants of India. He has more than four decades of experience of teaching Cost Accounting and Management Accounting in various courses in Delhi University and other professional courses like BCom, MCom, MIB, MHROD, MBA, CA, CS, etc. He has authored popular textbooks which have been widely prescribed by UGC, ICWAI, ICSI, Delhi University, Bangalore University and many other universities. He was a Special Invitee in the meetings of the Cost Accounting Standards Board of The Institute of Cost and Works Accountants of India for finalization of draft Cost Accounting Standards. Table of Contents 1. Overview of Cost Accounting 2. Material Cost 3. Employee cost (Labour Cost) 4. Overhead Cost 5. Output or Unit Costing (Cost Sheet) 6. Job and Batch Costing 7. Contract Costing 8. Process Costing 9. Joint Products and By-Products 10. Operating Costing (Service Costing) 11. Non-Integrated and Integrated Accounts 12. Reconciliation of Cost and Financial Accounts 13. Management Accounting—Nature and Scope 14. Financial Statement Analysis 15. Funds Flow Statement 16. Cash Flow Statement 17. Marginal (Variable) Costing and Cost-Volume-Profit Analysis 18. Budgeting and Budgetary Control 19. Standard Costing and Variance Analysis 20. Tactical decision making 21. Responsibility Accounting and Transfer Pricing 22. Advanced Cost Management Techniques