CONTENTS:- 1. Nature and Scope of Management Accounting 2. Financial Statements: Analysis and Interpretation 3. Ratio Analysis 4. Funds Flow Statement 5. Cash Flow Statement 6. Working Capital 7. Budgetary Control 8. Standard Costing 9. Marginal Costing 10. Capital Budgeting
Decision-making is a big challenge now in every organisation on account of the growing size and complexities of organisations, severe competition, technological advancement, fast changing consumer taste in the present world of liberalised economy. Management accounting has become an essential tool to the management so that it can effectively discharge its managerial functions of planning, organising, directing, coordinating and controlling." Management Accounting creates value to an organisation by assisting the management in taking viable decisions. Its importance is essential to preserve and to protect the identity of an organisation in the present era of knowledge based economy. This book explains how a manager makes various decisions in a complex environment in order to utilize the resources in an efficient manner and how the performance of an organisation can be better evaluated.