A Textbook of Accounting for Management, 4/e

A Textbook of Accounting for Management, 4/e

Authors : Dr S N Maheshwari, CA Sharad K Maheshwari & Dr Suneel K Maheshwari

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About the Author

Dr S N Maheshwari :-
He is presently Professor Emeritus & Academic Advisor, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi. During his long and varied career, he worked as Director General, Delhi Institute of Advanced Studies; Principal, Hindu College, University of Delhi; Professor and Dean, Faculty of Commerce and Business Management, Goa University; Director, Institute of Management Science and Productivity Research, New Delhi; Director (Academic), BLS Institute of Management, Mohan Nagar; Vice-Principal, Shri Ram College of Commerce, University of Delhi; and Principal, Staff Training College, New Bank of India, Chandigarh. Dr S N Maheshwari has more than five decades of experience in teaching students of BCom, BBA, MCom, MBA, CA, CS and CMA. He has authored around 150 books/monographs and participated in several national and international seminars.

CA Sharad K Maheshwari :-
He is a highly qualified business professional with more than 20 years of experience at senior management positions. He is an accomplished Chartered Accountant, a Cost & Management Accountant, a Company Secretary, a CPA from Australia and a CMA from USA. Mr Sharad is a Fellow Member of the Institute of Chartered Accountants of India, Associate Member of the Institute of Cost Accountants of India and Associate Member of the Institute of Company Secretaries of India. He is currently practising as a Chartered Accountant at Gurugram, Haryana. Prior to this he provided his services as General Manager, Dalmia Cement Bharat Ltd, New Delhi, General Manager: Corporate Finance, The Lalit Suri Hospitality Group, New Delhi, and also served as a Senior Executive with Schlumberger Ltd. Baker Hughes, and Bumi Armada Ltd, Kuala Lumpur, Malaysia, the three leading names in the oil field services industry. Mr Sharad has also authored more than five dozen books/monographs besides participating in several national and international seminars.

Dr Suneel K Maheshwari :-
He is a PhD in Business Administration from Florida Atlantic University, USA. He also obtained his Masters in Accountancy from Miami University, Oxford, Ohio, USA. He was till recently, Professor of Accounting at Marshall University, USA. At present he is Professor of Accounting, Eberly College of Business and Information Technology, Indiana University of Pennsylvania, USA. Dr Suneel Maheshwari has also been a management consultant to many corporate-sector giants, like Holiday Inn and TCS. His research interests include Executive Compensation, Activity-based Costing, Ethical issues and interdisciplinary applications. He has more than two decades of teaching, research and industry experience. He has also authored more than 70 books/monographs and contributed over 40 articles in refereed national and international journals, besides attending/chairing several national and international conferences.

About the Book

The book provides a comprehensive coverage of the course‐content requirements of the students appearing in the paper ';Management Accounting' at the MBA and MCom examinations of different Indian universities and those of professional Institutions. The book has been divided into five convenient sections. Each section covers a different aspect of ';Management Accounting'.
The unique features of this book lie in its simple and systematic presentation of theory, which would enable the students to solve practical problems with ease. The other main strengths of this book are: plentiful illustrative examples and end-of‐the‐chapter exercises with answers.

New in this Edition

• Updated position regarding, IFRSs and steps for their convergence in India.
• Two new chapters, namely: ';Activity Based Costing' and ';Leverages' have been added respectively in Section II and Section III of the book.
• Schedule III regarding presentation of financial statements as per the Companies Act, 2013 has been incorporated as an Appendix to the book.

Table of Content

Section-1: Accounting Principles and Processes: 1. Meaning and Scope of Accounting, 2. Accounting Principles, 3. Basic Accounting Terms, 4. Journalising Transactions, 5. Ledger Posting and Trial Balance, 6. Sub-Division of Journal, 7. Negotiable Instruments, 8. Final Accounts, 9. Rectification of Errors, 10. Depreciation, Provisions and Reserves, 11. Inventory Valuation, Section-2: Cost and Management Accounting: 1. Management Accounting: Nature and Scope, 2. Cost Accounting: Meaning and Scope, 3. Basic Cost Concepts, 4. Human Resource Accounting, 5. Innovative Concepts, 6. Activity Based Costing, Section-3: Financial Analysis: 1. Financial Statements: Analysis and Interpretation, 2. Funds Flow Statement, 3. Cash Flow Statement, 4. Leverages, Section-4: Planning and Control: 1. Budgetary Control, 2. Standard Costing, 3. Variance Analysis, 4. Marginal Costing and Profit Planning, 5. Decisions involving Alternative Choices, 6. Pricing Decisions, Section-5: Case Problems with Solution • Appendices: Revised Schedule III • Index