Taxmann S Cost Management Accounting Covering Foundational To Advanced Concepts With Practical Problems Regulatory Updates Modern Techniques Activity Based Costing And Zero Based Budgeting

Taxmann's Cost & Management Accounting – Covering Foundational to Advanced Concepts with Practical Problems | Regulatory Updates | Modern Techniques—Activity-Based Costing and Zero-Based Budgeting

This book has been designed to discuss the fundamental concepts and principles of cost & management accounting. It is an all-encompassing resource intended for students and professionals pursuing B.Com., BBA, M.Com., MBA, CA Inter, CMA Inter, and CS Executive courses. It covers 30 chapters, presenting a structured approach from foundational concepts like cost classification and material procurement to advanced topics such as Activity-Based Costing, Variance Analysis, and Capital Budgeting. With a focus on practical learning, each chapter includes solved problems, theoretical review questions, and real-world applications to reinforce understanding. The book also incorporates the latest updates in Cost Audit Rules, Strategic Cost Management, and modern techniques like Zero-Based Budgeting. Industry-specific insights into Service Costing, Process Costing, and Job Costing make it a versatile guide. The Present Publication is the 6th Reprint Edition, authored by Ravi M. Kishore, with the following noteworthy features: • [Exhaustive Coverage] o Covers the full spectrum of cost and management accounting topics, ensuring clarity across foundational and advanced concepts o Bridges theoretical frameworks with their practical applications for a balanced understanding • [Practical Problem-Solving Focus] o Includes a wide array of practical problems, accompanied by detailed solutions, to solidify understanding and boost problem-solving skills o Incorporates real-world scenarios for students and practitioners alike • [Simplified Learning Aids] o Features visual tools like diagrams, flowcharts, and tables to clarify complex ideas o Each chapter ends with theoretical review questions to reinforce understanding • [Aligned with Modern Practices] o Integrates current updates in Cost Audit Rules, Strategic Cost Management, and other regulatory advancements o Discusses cutting-edge techniques like Activity-Based Costing (ABC) and Zero-Based Budgeting (ZBB) for contemporary relevance • [Customisable for Various Levels] o Designed to meet the needs of students across different academic programs and professionals preparing for certification exams The structure of this book is as follows: • Foundational Concepts – Chapters like Cost Classification, Direct Material Procurement, and Direct Labour Remuneration build a strong base • Key Techniques – Learn cost allocation, process costing, and variance analysis to make informed business decisions • Advanced Analysis – Understand modern methodologies like Marginal Costing, Budgeting and Control, and Capital Budgeting • Industry-Specific Costing – Detailed analysis of niche domains like Transport Costing, Hotel Costing, and Service Costing • Financial Analysis Tools – Practical guidance on Ratio Analysis, Funds Flow Analysis, and Cash Flow Analysis • Audit and Compliance – Comprehensive coverage of Cost Audit, Management Audit, and Regulatory Frameworks

A Textbook of Cost and Management Accounting, 11th Edition

A Textbook of Cost and Management Accounting provides the students with thorough grounding in cost concepts, cost behaviour and methods, and techniques of cost and management accounting with an understanding of the uses and limitations of cost and financial data for managerial operations. The text of the subject matter has been presented in a student-friendly, simple and intelligible manner. Every discussion involving conceptual complexity is immediately illustrated by a numerical example. In addition, the book contains a liberal sprinkling of charts and diagrams so as to make the subject easily understandable and highlight its finer points. The subject matter has been organized on 'first things first' basis for its logical presentation that sustains interest. The approach of the book is examination oriented. Thus, a good number of problems and solutions have been included in its chapters. Theoretical and numerical questions have been mostly selected from various examinations. Objective type questions have been given to serve as self-test by students. This is an ideal book for self-study. An all-inclusive, ideal book for self-study, both for the students of Cost and Management Accounting as well as working professionals.

Modern Cost and Management Accounting