This book is a comprehensive & authentic book on ‘Management Accounting’. The three-fold objective of this book is as follows:

• What kind of information managers need?
• Where from this information can be obtained?
• How this information can be used to carry essential functions (like planning, control & decision making) of the business?

This book aims to fulfill the requirement of students of under-graduate and post-graduate courses conducted by Business Schools and Universities.

The Present Publication is the 2^nd Edition, authored by Dr. R.P. Rustagi, with the following noteworthy features:

• [Simple, Lucid, Systematic] The subject-matter is presented in a simple, systematic method along with comprehensive explanation of the concept and theories underlying Management Accounting.
• [Student-Oriented Book] This book has been developed, keeping in mind the following factors:

o   Interaction of the author/teacher with his/her students in the class-room

o   Shaped by the author/teachers experience of teaching the subject-matter at different levels

o   Reaction and responses of students have also been incorporated at different places in the book

• 300+ Multiple Choice Questions, 300+ Graded Illustrations and Theoretical Questions have been incorporated at appropriate places
•   [Synopsis] in the beginning of every chapter has been provided, to present a concise view of the contents of the respective chapter
•   [Summary] in the form of ‘Points to Remember’, at the end of every chapter is provided, to recapitulate the contents of the respective chapter
•   Chapter 2 in this book features basic accounting principles, concepts and procedures in a capsuled form, for beginners.
• The contents of this book are as follows:

o   Using Financial Statements

• Statement of Financial Information
• Analysis of Financial Statements
• Statement of Change in Financial Position
• Financial Planning, Forecasting and External Funds Requirements

o   Cost Database for Management Accounting

• Cost: Concepts, Behaviour and Analysis
• Job Order and Contract Costing
• Process Costing
• Absorption Costing and Variable Costing

o   Cost Information and Decision Making

• Cost-Volume-Profit Analysis
• Relevant  Cost and Alternative Choice Decisions
• Activity Based Costing

o   Planning, Control and Performance Measurement

• Budgeting and Budgetary Control
• Standard Costing and Variance Analysis
• Responsibility Accounting