Management accounting problems and solutions book

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management accounting problems and solutions book

Management Accounting Theory, Problems and Solutions by M.N. Arora

A Textbook of Cost and Management Accounting provides the students with thorough grounding in cost concepts, cost behaviour and methods, and techniques of cost and management accounting with an understanding of the uses and limitations of cost and financial data for managerial operations. The text of the subject matter has been presented in a student-friendly, simple and intelligible manner. Every discussion involving conceptual complexity is immediately illustrated by a numerical example. In addition, the book contains a liberal sprinkling of charts and diagrams so as to make the subject easily understandable and highlight its finer points. The subject matter has been organized on first things first basis for its logical presentation that sustains interest.
File Name: management accounting problems and solutions
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Published 08.01.2019

Flexible budget--Prime cost--Variable cost--Fixed cost--Semi variable cost--by kauserwise

Financial & Managerial Accounting

Financial Statement, 2. Analysis and Interpretation of Financial Statements, 3. Ratio Analysis, 4. Fund-Flow Statement, 5. Cash-Flow Statement AS-3 , 6. Materials Control and Valuation, 7.

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Managerial accounting focuses on the internal needs of a business, not on outside users of financial information. Problems in this area vary from one business to the next, even within the same industry, making solutions a bit tricky -- what worked for one firm may not work for another. A common area of concern in management accounting is how to accumulate information on revenues and expenses in a way that helps the firm in making good decisions. A business owner or manager needs the right system to obtain correct information at the right time. These days, many small and medium-size firms use computerized accounting systems, which can provide solutions to managers' daily issues. Most systems allow for reporting on areas that can be tricky, such as accounts payable and receivable, inventory and cash. Business owners and managers may purchase industry-specific accounting programs that are affordable, providing solutions to many managerial issues.

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Year of Publication : Management accounting is a fast growing and high value subject and all commerce and business graduates must possess knowledge of concepts, techniques and practices of this subject. It helps in planning and controlling of business operations and also in management decision making, which in turn assists in profit maximisation for the business.

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