Accounting for Management

Accounting for Management is a comprehensive textbook designed especially for post graduate students of business management. It takes a practice oriented approach to explaining the core concepts of accounting, with the help of numerous illustrations and solved examples. The book is divided in to five parts and provides a comprehensive coverage of financial accounting, cost accounting and management accounting. Part I on Basic Financial Accounting discusses accounting concepts, accounting books and entries, corporate reporting. Part II on Financial Management covers financial statement analysis, fund flow and cash flow analysis, working capital management, and capital budgeting. Part III on Cost Accounting includes introduction to cost accounting, material cost control, overhead cost allocation, activity based costing etc. The following part (IV) on Management Accounting enumerates the cost volume profit relationship, decision making and pricing. The book concludes with Part V on Planning, Control and Performance Measurement that discuses standard costing, budgetary control, responsibility accounting, among other topics. The book will also be useful for business and accounting professionals for its optimal mix of theory and practice.

S. Ramanathan is a visiting professor at the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and Institute of Management Studies (Kanpur University). He has four decades of rich industry experience in reputed firms at top management positions, particularly in the area of financial management and accounts. He has previously worked as Auditor with Government of Madras (Chennai), Finance Controller with British India Corporation Ltd. (Kanpur), and Chief Executive with Cawnpore Sugar Works Ltd. (Kanpur), among others.