COST ACCOUNTING THEORY AND PRACTICE: Edition 13

PHI Learning Pvt. Ltd.
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This well-established and widely adopted textbook, now in its 13th edition, continues to provide an in-depth and insightful analysis of the modern theories and practices of Cost Accounting. That the book has gone into its 13th edition is a testimony of its wide acceptance by the students, academics and professionals. Primarily intended for postgraduate and undergraduate students of Commerce and Management, the book will be of immense benefit to the students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), Institute of Cost Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and those pursuing the Chartered Financial Analyst (CFA) course. Now, in its 13th edition, the book has been thoroughly revised meeting the latest syllabus requirement of various courses. A new chapter on “Strategic Cost Management” has been included which is a definite need of modern management to enhance the competitive advantage of the firm. Besides, many chapters have been overhauled and updated, especially the chapters covering basic concepts and terms, classification of costs and cost sheet, activity based costing, marginal costing, relevant cost analysis and management decisions, capital budgeting decisions, and cost audit. The book also includes terminology published by CIMA, the cost standards recommended by ICAI and a wide array of illustrations, worked-out examples, MCQs and practice exercises.
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About the author

BHABATOSH BANERJEE, Ph.D., is former Professor, Department of Commerce and Dean, Faculty of Commerce, Social Welfare and Business Management, University of Calcutta. Currently he is Visiting Professor at Indian Institute of Management Calcutta. He has more than four decades of teaching experience at the postgraduate level. He worked as a Visiting Professor of Accounting in two reputed universities (both private and State) in the USA during 1995–1997. He is the Editor of Indian Accounting Review and President of Indian Accounting Association (IAA) Research Foundation. Dr. Banerjee has authored several books, including Financial Policy and Management Accounting, 8th edition and Fundamentals of Financial Management, both published by PHI Learning.
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Additional Information

Publisher
PHI Learning Pvt. Ltd.
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Published on
Jan 16, 2014
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Pages
1044
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ISBN
9788120349087
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Best For
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Language
English
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Genres
Business & Economics / Accounting / General
Business & Economics / Accounting / Managerial
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Content Protection
This content is DRM protected.
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This handbook is intended primarily for practitioners such as accountants, auditors, financial analysts, business managers, and chief executives. The primary focus of this book is on techniques and concepts of cost and management accounting for strategic business decisions. In order to survive in the changing business environment, organizations should rethink their strategic philosophy and the role of management accounting. Management accounting systems exist to help managers make economic decisions. In preparing and assessing their strategic plans, organizations need information on many areas of their business environment. Management accounting is also in a process of change. While some businesses continue to use conventional methods of costing, performance measurement and cost analysis, increasing numbers are adopting activity based cost allocation system, strategic oriented investment decisions models, and multiple performance measures such as the Balanced Scorecard. This handbook focuses on both conventional and contemporary issues in cost and management accounting. It presents an intriguing combination of 20 chapters, separated for presentation purpose into seven themes, dealing respectively with: organizational planning and controls; costing for business decisions; pricing decisions; capital budgeting decisions; performance measurement and benchmarking; contemporary management accounting tools; and management accounting for the public sector. All chapters in this handbook provide both retrospective and modern views and commentaries by knowledgeable scholars in the field, who are able to offer unique insights on the changing role of cost and management accounting in todayâ??s businesses.
 This well-received book, now in its ninth edition, provides a comprehensive analysis of the fundamental concepts of financial management and management accounting. The elegantly combined presentation of the various aspects of financial management and management accounting is a highlight of this text.

Focusing on the core areas of financial management—basic concepts of finance, sources of finance, capital structure theories and planning, dividend policies, investment decisions, portfolio management and working capital management—as well as the areas of management accounting—changes in financial position, financial statement analysis and inter-firm comparison, budgetary control and standard costing, and cost information and management decisions—the book also delves on the contemporary topics, such as, financial environment, corporate governance and international financial management, in detail. In addition, it contains a number of case studies on various areas of finance and management accounting.

The current edition has been thoroughly revised keeping in view contemporary developments in the literature and applicable provisions of the Companies Act, 2013. Apart from updating the case studies, new cases have been added to support the relevance and quality of discussion.

Intended primarily for postgraduate students of commerce (M.Com) and management (MBA with finance specialization), the book will also be highly useful for undergraduate students of Commerce and Management, students of professional courses, such as, CA and ICWA, as well as professionals in the fields of financial management and management accounting.

The present treatise has been recommended by many Colleges, Management Institutes and Universities in India for their respective postgraduate and undergraduate commerce and management courses.

Financial Management is so crucial for any organization––public or private sector––as profit maximization and increasing the shareholder value depend, to a large measure, on efficient and effective financial management of the company or firm. With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications.

While retaining the distinguishing features of the previous edition, the book is now a much more comprehensive one on Financial Management. Significant changes have been incorporated into the chapters relating to cost of capital, analysis of leverages, capital structure theories and planning, capital budgeting decision, working capital management, changes in financial position, accounting ratios and financial statement analysis, mergers and acquisitions and corporate governance for further value addition of the book.

The book is logically organized into five parts—Part I: Basic Concepts, Part II: Financial and Dividend Decisions, Part III: Investing in Long-term and Short-term Assets, Part IV: Performance Analysis and Measurement, Part V: Contemporary Topics—to enable the students to understand the concepts, with suitable cases, chronologically and more effortlessly.

This book is primarily intended as a text for the students of commerce and management courses. It will also be highly useful for those appearing in CA and ICWAI examinations. In addition, the text will benefit practising finance and accounting professionals, corporate managers, and participants in management development programs.

KEY FEATURES
• Includes numerous illustrations, worked-out problems and exercises covering recent questions in university and professional examinations.
• Gives corporate practices in professional management, wherever found necessary. This will enable the students to acquaint themselves with real-life situations.
• Provides Case Studies in a few complex chapters to enhance the analytical and presentation skills of the students in a classroom setting.
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