MANAGEMENT ACCOUNTING

The subject ¿Management Accounting¿ is very important and useful for optimum utilisation of existing resources.These are branches of accounting and had been developed due to limitations of financial accounting.It is an indispensable discipline for corporate management,as the information collected and presented to management based on cost and management accounting techniques helps management to solve not only specific problems but also guides them in decision making.Keeping in view the importance of this subject,various topics on Management Accounting have been prescribed in the book with the objective of acquainting the students with the basic concepts used in management accounting having a bearing on managerial decision-making.The entire book has been discussed in four study lessons.In starting first study lesson we have discussed about the basic of management accounting.Further we have highlighted the concept of Budgets & Budgetary Control,Marginal costing for decision making for managers and in last cash flow statement.This book particularly focus on the practical aspects of the above all chapters and tried to cover maximum possible questions in Illustrations as well in exercise