Terminologies in Managerial Accounting

In the modern competitive business environment the business organisations are trying to survive and sustain the attire of globalization. Accounting in general managerial accounting in particular is very much important in making timely and proper business decisions. The personnel who have the responsibility in making such decisions are expected to be the experts in the field of managerial accounting and it is recommended that they much be familiar with the terms used in managerial accounting. This handbook can serve as a guide to familiarize managerial accounting terms not only among business people but also for academicians and scholars. A to Z managerial accounting terms, which are widely used in business organisations are compiled so as to make understand about the concept and application of managerial accounting.