Managerial Accounting

The subject of Managerial Accounting which is neither in its infancy, nor in its maturity has become very popular among professional managers and academics alike, in the last three decades in India. Management of every corporate sector today requires classified, analysed and systematic accounting information for taking timely decisions to survive in the competitive market, before it is too late for any corrective action. All the competent educational business schools and reputed universities have revised the syllabus for management courses with actual practical knowledge based on current industrial experiences to meet the needs of corporate sector in present competitive era.

Managerial Accounting represents a happy blending of two professions viz. management and accounting. The two important basic elements in the success of any business concern are, accounting control and managerial effectiveness. These determinants are systematically merged in the modern concept of Managerial Accounting through the harnessing of accounting for managers for continuous improving the ultimate efficiency of modern management. The subject of Managerial Accounting greatly assists the management in achieving better results by making a clear shift in the emphasis from mere recording of accounting transactions to their scientific analysis and interpretation to give a new vista to the management.

1. Basic Concepts

2. Financial Statement

3. Cost Accounting

4. Short Term Business Decision Techniques

5. Exercising Control

At A Glance

Glossary

Multiple Choice Questions

Bibliography