Cover
Title Page
Copyright Page
Contents
Preface
1. Nature and Scope of Management Accounting
Introduction
Meaning of Management Accounting
Definition of Management Accounting
Characteristics (or) Nature of Management Accounting
Scope of Management Accounting ,
Functions of Management Accounting
Distinction between Financial Accounting and Management Accounting
Distinction between Management Accounting and Cost Accounting
Tools and Techniques of Management Accounting ,
Advantages of Management Accounting
Limitations of Management Accounting
Installation of Management Accounting System
Management Accountant or Financial Controller
Functions of Management Accountant
Duties of Management Accountant
Objective Type Questions
Short Answer Questions
Long Answer Questions
2. Financial Statement Analysis
Meaning of Financial Statements
Nature of Financial Statements
Significance of Financial Statements
Limitations of Financial Statements
Analysis and Interpretation of Financial Statements
Objectives of Financial Statement Analysis
Procedure for Financial Statement Analysis
Types of Financial Analysis
Tools or Techniques of Financial Statement Analysis
Illustrations
Objective Type Questions
Short Answers Questions
Long Answer Questions
Exercises
3. Ratio Analysis
Introduction
Meaning of Ratio Analysis
Meaning of Ratio
Modes of Expression of Ratios
Steps in Ratio Analysis
Advantages of Ratio Analysis
Limitations of Ratio Analysis
Classification of Ratios
Summary of Ratios
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
4. Funds Flow Statement
Introduction
Meaning of Funds
Meaning of Flow
Meaning of Funds Flow Statement
Objectives of Funds Flow Statement
Advantages of Funds Flow Statement
Limitations of Funds Flow Statement
Distinction between Funds Flow Statement and Balance Sheet
Preparation of Funds Flow Statement
Sources of Funds
Application of Funds
Steps Involved in Preparation of Funds Flow Statement
Computation of Funds from Operations
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
5. Cash Flow Statement
Introduction
Meaning of Cash Flow Statement
Differences between Cash Flow Statement and Funds Flow Statement
Advantages of Cash Flow Statement
Limitations of Cash Flow Statement
Preparation of Cash Flow Statement
Steps Involved in Preparation of Cash Flow Statement
Accounting Standard 3(Revised): Cash Flow. Statement
Format of Cash Flow Statement
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
6. Budgets and Budgetary Control
Introduction
Meaning of a Budget
Meaning of Budgeting
Budgetary Contol
Objectives of Budgetary Control
Advantages of Budgetary Control
Limitations of Budgetary Control
Essentials of Successful Budgetary Control
Organization for Budgetary Control
Classification of Budgets
Budgets Based on Functions
Budgets Based on Flexibility
Performance Budgeting
Definition of Performance Budgeting
Objectives of Performance Budgeting
Operational Steps in Performance Budgeting
Zero Base Budgeting (ZBB)
Advantages of Zero Base Budgeting
Limitations of Zero Base Budgeting
Control Ratios
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
7. Marginal Costing and Break-even Analysis
Introduction
Concept of Marginal Cost
Concept of Marginal Costing
Characteristics of Marginal Costing
Advantages of Marginal Costing
Limitations of Marginal Costing
Marginal Costing and Absorption Costing
Meaning of Absorption Costing
Distinction between Marginal Costing and Absorption Costing
Cost-Volume-Profit Analysis
Some Important Concepts and Terms in CVP Analysis
Break-even Analysis and Break-even Point
Margin of Safety
Break-even Charts
Assumptions Underlying Break-even Charts
Construction of Break-even Charts
Advantages of Break-even Charts
Limitations of Break-even Charts
Types of Break-even Charts
Profit Volume (P/V) Graph
Applications of Marginal Costing
Summary of Formulae for Cost-Volume-Profit Analysis or Break-even Analysis
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
8. Working Capital
Introduction
Meaning of Working Capital
Definition of Working Capital
Concepts of Working Capital
Classification of Working Capital ,
Importance or Advantages of Adequate Working Capital
Redundant Working Capital
Dangers of Redundant Working Capital
Factors Determining the Working Capital Requirements
Estimation of Working Capital Requirements
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
9. Capital Budgeting
Introduction
Meaning of Capital Budgeting
Definition of Capital Budgeting
Features of Capital Budgeting
Need and Importance of Capital Budgeting
Types of Capital Expenditure Projects
Factors Affecting Capital Expenditure Decisions
Methods of Appraising Capital Expenditure Proposals (or) Methods of Capital Budgeting
Traditional Methods
Discounted Cash Flow (DCF) Methods (or) Time Adjusted Methods (or) Present Value Methods
Risk Analysis in Capital Budgeting
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
10. Standard Costing and Variance Analysis
Introduction
Meaning of Standard
Meaning of Standard Cost
Meaning of Standard Costing
Application of Standard Costing
Standard Costing and Budgetary Control
Standard Costs and Estimated Costs
Advantages of Standard Costing
Limitations of Standard Costing
Establishment of a Standard Costing System
Variance Analysis
Summary of Formulae
Illustrations
Objective Type Questions
Short Answer Questions
Long Answer Questions
Exercises
Solutions for Latest University Problems
Financial Statement Analysis
Ratio Analysis
Funds Flow Statement
Cash Flow Statement
Budgets and Budgetary Control
Marginal Costing and Break-even Analysis
Working Capital
Capital Budgeting
Standard Costing and Variance Analysis
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