MANAGEMENT ACCOUNTING PART 2: For Making Optimal Decisions

This book is useful for the students preparing for professional Exams.like CA, C.M.A, ,C.S., MBA, M.Com and Competitive Exams, Actually there are many existing books have analysed and discussed the vital principles o Cost Accounting and Management Accounting but there is no comprehensive guide on how to apply that. There is Very Vast experience teaching of the author as a professor of Accountancy, Cost Accounting and management Accounting of 32 years, as an examiner and paper setter of universities,, The professional institutes like The Chartered Accountants of India, The Institute of Cost and management Accountants of India, The Institute of Company Secretaries of India behind creating this book in the service of students. The book explains the basic principles in s nutshell avoiding unnecessary details and contains a very large number of illustrations adopted from the exams. of different universities from India as well as from abroad. and from the professional bodies like ICAI, ICMAI, ICSI etc. Tee book contains 16 chapters(41 Topics) like- Opportunity Costing, Relevant Costing, Marginal Costing, Budgetary Control, Differential Costing, Standard Costing, Fund Flow Analysis, Ratio Analysis, Capital Budgeting, Working Capital Management, Value Chain Analysis, Transfer Pricing, Transportation Problems, Activity Based Cost Management, Life Cycle Costing, Responsibilities costing, Quantitative Analysis, Just in Time, Enterprise Resources Planning,, Material Requisition Planning, Total Quality Management,, Target Costing, Joint and By product Costing, etc. and spread over about 980 pages in total in two parts Part 1- 477 pages and Part 2- 499 pages. Solving problems is the only way to ensure the perfect understanding of Accountancy, Costing and Management Accounting like Mathematics to score more marks in examinations and now a days in examinations of professional Accountants there is a great stress on Practical work i.e. solving problems rather than theoretical part. and this nee is catered by this book.. This book is recommended by the eminent personalities, professional individuals like- Mr. Pramod Parkhi Bsc, MA, FICWA th past president of the Institute of Coat and Management Accountants of India, Kolkata, Dr.S.B. Kolate,MCom, MA (Econ), MA (Texas), PhD The Dean of Commerce Faculty and Executive Council Member of Pune University . DR. P.C. Shejvalkar , formerly Director of I.M.D.R.pun and the Chairman and /director of Te Institute of Insurance and Financial science, education, Research and Training, Pune. Dr. Ashok Joshi, Secretary Pune Chapter of Cost Accountants and present Director of INDSEARCH, Pune and Prof. B.T. Batule of Shri Shahu Mandir Mhavidyalaya and Chairman of Board of Accountancy, Pune University. The book is easy to read and helps in understanding and getting mastery on the principles of Management Accounting along with advanced Costing and will help all of the students in increasing their score in examination. Considering the current age of globalization and tough global competition the reduction and control of the cost of production is the dire need of the time and the necessity of the time and unless you succeed in it, your company's pricing will never be competitive in the world arena and it will become hard to remain in business from this point of view the company manages and executives also can reap the benefits of this book.