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Accounting is as old as human history. The business establishments must record interpret measure the financial performance to know the results, relevance and importance of the activity undertaken. The financial accounting serves both internal and external customers, while management accounting serves the internal stakeholders of a business firm consisting of Board of Directors, executives, employees and other related parties. The managerial efficiency depends on accounting information, the supply of which is undertaken by the management accountants to the Board of Directors. The accounting information is very useful for formulating policies and enabling quality decisions at different levels of management.
The discipline management accounting assumed greater relevance under corporate governance and accounting standards era. The internal management and efficiency depends on the kind of production capacity utilisation by the management. The present book caters to the needs of commerce and management students, teachers, professionals and industry. Every chapter in the book is imbued with enough contents, examples, problems and living cases. The chapter contents are miticulously and lucidly explained for easy understanding of the readers. Although, a bundle of books available on the subject, the present book is unique in nature because the subject is written in an inter-action mode.
Developing a book of this kind is really a challenge, but with fortitude, we have mustered a courage and inspiration to present the first edition as a user friendly book. In fact, this edition can be construed as a reference book for all commerce and management students. Every chapter has detailed contents, at the end of each chapter, the exercises, short-questions, long-questions and practical problems with hints are given to the readers. This book has the solved problems from the question papers of C.A, I.C.W.A, M.B.A, M.Com., B.Com. and B.B.M. ISBN - 9789350511497
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Pages : 296
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