Accounting For Management
E-Book Information
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Year: 2,010
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City: New Delhi
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Pages In File: 842
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Language: English
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Topic: 2
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Identifier: 9780070090170,0070090173
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Org File Size: 45,078,817
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Extension: pdf
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Toc: Cover
Half Title
About the Author
Title Page
Copyright
Dedication
Preface
Acknowledgements
Contents
Section 1: Financial Accounting
1. Financial Accounting: Perspectives
Introduction
Accounting
Accounting: The Modern Concept
Accounting Principles
Accounting Conventions and Policies
Summary
Review Questions
2. General Accounting Principles and Accounting Standards
Introduction
Meaning of Transaction of Financial/Monetary Nature
Classification of Accounting Principles
Systems of Accounting
Accounting Standards
Summary
Review Questions
3. Accounting Mechanics: Basic Records
Introduction
Systems of Accounting
Journal
Classification of Goods Account
Ledger
Trial Balance
Subsidiary Books
Bank Reconciliation Statement
Errors and Rectification
Summary
Review Questions
4. Preparation of Financial Statements—Profit and Loss Account and Balance Sheet
Introduction
Trading Account
Profit & Loss Account
Balance Sheet
Preparation of Trial Balance
Summary
Review Questions
5. Revenue Recognition
Introduction
The Accounting Principles
Methods
Summary
Review Questions
6. Inventory Pricing and Valuation
Introduction
Inventory Control and Valuation
Costs for Inventory Decisions
Methods of Inventory Control
Valuation of Inventories
Summary
Review Questions
7. Depreciation Policy
Introduction
Methods of Depreciation
Modern Depreciation
Summary
Review Questions
8. Human Resource Accounting
Introduction
The Concept of Original Cost
Human Resource Value Accounting
Summary
Review Questions
Section 2: Cost Accounting
9. Cost Accounting: Perspectives
Introduction
Objects and Functions of Cost Accounting
Distinction Between Cost Accounting and Financial Accounting
Classification of Costs
Summary
Review Questions
10. Costing and Control of Overheads
Introduction
Various Methods of Calculating Oncost
Allocation of Office and Administrative Expenses
Allocation of Selling and Distribution Expenses
Departmentalisation of Overheads
Summary
Review Questions
11. Costing and Control of Labour
Introduction
Methods of Remuneration
Bonus Schemes or Premium Plans
Co-Partnership and Profit-Sharing Schemes
Summary
Review Questions
12. Job Order Costing and Target Costing
Introduction
Contract Costing
Type of Contracts
Summary
Review Questions
13. Process Costing and Activity Based Costing
Introduction
Special Features of Process Costing
Direct and Indirect Expenses
Activity Based Costing (ABC)
Target Costing
Summary
Review Questions
14. Profit Planning-I: Marginal Costing
Introduction
Concept of Marginal Costing
Practical Applications of Marginal Costing
Concept of Decision–Making
Advantages and Limitations of Marginal Costing Technique
Meaning of Key Factor
Cost Volume Profit Relationship
Summary
Review Questions
15. Profit Plann