Management Accounting

Management Accounting is a comprehensive textbook that is specially designed to meet the needs of management students. It explores core concepts of management accounting through managerial applications and supplements them through numerous solved problems and detailed case studies.

The exposition provides in-depth coverage of the four key components of management accounting from an Indian perspective: management accounting fundamentals, tools for management accounting, management accounting in decision making, and management control systems. Among the important topics discussed are financial accounting and financial statement analysis, cost-profit-volume analysis, activity-based costing, costing in inventory valuation, costing for pricing, management control systems, responsibility accounting and budgeting, job and process costing, balanced score card and strategic costing, and ethics in managerial accounting.

Users will find this book highly useful for its coverage of the key concepts of management accounting explained through solved problems, small cases, tables, flow charts, and diagrams.

R C Sekhar was Professor Emeritus, T A Pai Institute of Management, Manipal, with over fifteen years of teaching experience in management and cost accounting at the postgraduate level. He was also a visiting faculty at the Indian Institute of Management, Ahmedabad; XLRI, Jamshedpur, and MDI, Gurgaon. Besides contributing important articles to numerous research papers in leading journals, he also held extensive experience in training and consultancy programmes.

A.V. Rajagopalan is currently Adjunct Professor (Research) with T.A. Pai Management Institute, Manipal. A doctorate and double M.Phil holder, he has over twelve years of academic experience, both in India and abroad, and has several years of industry experience prior to that. He has also conducted several executive training programmes and has been a consultant for various government projects.