دانلود کتاب Management Accounting

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Cover Management Accounting Copyright Contents Preface Introduction to Management Accounting Definition of Management Accounting Nature or Features of Management Accounting Scope of Management Accounting Objectives of Management Accounting Role or Functions of Management Accounting Utility of Management Accounting Limitations of Management Accounting Tools and Techniques of Management Accounting Requisites for Installation of Management Accounting System How Does Management Accounting Differ from the other Branches of Accounting Management Accounting and Financial Accounting Management Accounting and Cost Accounting Chapter Review Summary Chapter Review Quiz Exercise Analysis and Interpretation of Financial Statements Meaning of Financial Statements Characteristics of Financial Statements Anatomy/Components of Financial Statements Income Statement or Profit & Loss Account Balance Sheet Statement of Changes in Financial Position Relationship Between Income Statement and Balance Sheet Concept of Financial Statement Analysis Objectives of Financial Statement Analysis Requisites of Financial Statement Analysis Different Approaches to Financial Statement Analysis Traditional Approach to Financial Statement Analysis Modern Approach to Financial Statement Analysis Types of Financial Statement Analysis Techniques/Tools of Financial Statement Analysis Comparative Financial Statement Analysis Concept of Comparative Financial Statement Analysis Advantages of Comparative Financial Statement Analysis Disadvantages of Comparative Financial Statement Analysis Common-size Financial Statement Analysis Concept of Common-size Financial Statement Analysis Advantages of Common-size Statement Disadvantages of Common-size Statement Comparative Statement vs. Common-size Statement Trend Analysis Concept of Trend Analysis Steps in Computing Trend Values Advantages of Trend Analysis Disadvantages of Trend Analysis Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Accounting Ratios for Financial Statement Analysis Financial Statements What is a Ratio? What is an Accounting Ratio? What is Ratio Analysis? Steps in Ratio Analysis Role or Importance of Ratio Analysis Uses of Ratio Analysis Advantages of Ratio Analysis Limitations of Ratio Analysis Parties Interested in Ratio Analysis Different Kinds of Ratios or Classification of Ratios Standard or Ideal Ratio Computation of Proprietors’ Fund, Capital Employed, Working Capital Calculation and Interpretation of Various Ratios Balance Sheet Ratios Revenue Statement Ratio Mixed or Composite Ratio DU Pont Analysis Ratios to be used in Determining Solvency, Performance, Managerial Efficiency etc. of an Enterprise Different Ratios at Glance Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Cash Flow Analysis What is Cash? Difference Between Cash and Fund What is Cash Flow Statement? Why is Cash Flow Statement Prepared? Importance of Cash Flow Statement Uses of Cash Flow Statement Advantages of Cash Flow Statement Limitations of Cash Flow Statement Differences Between Cash Book and Cash Flow Statement Differences Between Cash Flow Statement and Fund Flow Statement Proforma of Cash Flow Statement Prepared under Traditional/Conventional Method Cash Flow Statement as Prescribed in AS-3 Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Proforma of Cash Flow Statement as Prescribed in AS-3 Proforma of Cash Flow Statement under Direct Method Proforma of Cash Flow Statement under Indirect Method Fundamental Differences Between Cash Flow Statement as per AS-3 and Traditional Method Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Fund Flow Analysis Meaning and Concept of Fund Generally Accepted Concept of Fund Meaning of Flow of Fund What is Fund Flow Statement? Importance or Purposes of Fund Flow Statement Limitations of Fund Flow Statement Proforma of Presentation of Fund Flow Statement Different Sources of Fund Different Applications of Fund What is Fund from Operation? Different Approaches of Computation of Fund from Operation Direct Approach of Computation of Fund from Operation Is Depreciation a Source of Fund? Comparison between Fund Flow Statement, Income Statement and Balance Sheet Distinction between Fund Flow Statement and Cash Flow Statement Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Working Capital Meaning and Concept of Working Capital Importance of Working Capital Need for Working Capital Different Concepts and Classification of Working Capital Classification of Working Capital on the Basis of Concept Classification of Working Capital on the Basis of Time Sources of Working Capital Sources of Permanent Working Capital Sources of Temporary Working Capital Determinants of Working Capital Components of Working Capital Positive and Negative Working Capital Working Capital or Operating Cycle Estimation or Forecasting of Working Capital Procedure for Estimation/Forecasting of Working Capital Valuation of Stock of Work-In-Progress Different Approaches of Estimation/Forecasting of Working Capital Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Budget and Budgetary Control Meaning of Budget Meaning of Budgeting Features of Budget Budgetary Control Objectives of Budgetary Control Advantages of Budgetary Control Limitations of Budgetary Control Comparison between Budget and Budgetary Control Comparison between Standard Costing and Budgetary Control Zero-Based Budgeting Classification or Types of Budget Classification on the Basis of Period Classification on the Basis of Flexibility of Production Classification on the Basis of Function or Coverage Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Standard Costing and Variance Analysis What is Standard Cost? What is Standard Costing? Features of Standard Costing Preliminary Steps for Establishing Standard Costing System Types of Standards Distinction between Standard Cost, Estimated Cost and Actual/Historical Cost Advantages of Standard Costing Limitations of Standard Costing Comparison between Standard Costing and Budgetary Control Analysis of Variance Direction of Variances Nature of Variances Purposes of Variance Analysis Classification of Variances Material Variances Labour Variances Variable Overhead Variances Fixed Overhead Variances Sales Value Variances Sales Margin (Profit) Variances Formulae of Various Variances at a Glance Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Absorption Costing and Variable Costing Absorption Costing Features of Absorption Costing Advantages of Absorption Costing Limitations of Absorption Costing Variable Costing Features of Variable Costing Advantages of Variable Costing Limitations of Variable Costing Income Determination under Absorption Costing and Variable Costing Income Determination under Absorption Costing Technique Income Determination under Variable Costing Technique Distinction between Absorption Costing and Variable Costing Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Marginal Costing and Cost–Volume–Profit Analysis Concept of Marginal Cost Definition of Marginal Costing Features of Marginal Costing Advantages of Marginal Costing Limitations of Marginal Costing Meaning of Cost–Volume–Profit (CVP) Analysis Features of CVP Analysis Objectives of CVP Analysis Assumptions Underlying CVP Analysis Classification of Cost Under CVP Analysis Elements of CVP Analysis Break-Even Analysis Break-Even Chart Presentation of BE Chart Angle of Incidence Mathematical Representation of CVP Analysis Different Formulae of CVP Analysis at a Glance Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Decision Making Concept of Decision Making Steps in Decision Making Cost Concepts in Decision Making Concept of Relevant Cost and Relevant Revenue Comparison of Differential Cost Analysis and Marginal Costing Concept of Key or Limiting Factor Different Situations of Decision Making Determination of Most Profitable Product/Sales Mix Accept or Reject Decision Make or Buy Decision Operate or Shut-Down Decision Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Capital Budgeting Concept of Capital Budgeting Features of Capital Budgeting Importance of Capital Budgeting Types of Investments Types of Capital Budgeting Decisions Evaluation Criteria of Capital Budgeting Decisions Concept of Present Value Determination of PV Factor or Discounting Factor Concept of Discounted Cash Flow Capital Budgeting Techniques Non-discounted Techniques Discounted Cash Flow Techniques Worked-out Problems Chapter Review Summary Chapter Review Quiz Exercise Responsibility Accounting Meaning and Concept of Responsibility Accounting Prerequisites of Responsibility Accounting Assumptions of Responsibility Accounting Advantages or Benefits or Purposes of Responsibility Accounting Limitations of Responsibility Accounting Responsibility Centre Types of Responsibility Centres Cost Centre Profit Centre Investment Centre Controllable and Non-controllable Costs Responsibility Reporting Types of Responsibility Reports Chapter Review Summary Chapter Review Quiz Exercise Appendix