Accounting For Managers “Text And Problems”

As we progress into the twenty-first century, student learning preferences are still changing. In order to balance their academic obligations with their personal schedules, students strive to study accounting as quickly as they can. Between jobs, schools, and obligations to their families, they frequently devote brief, intensive periods of time to their studies. The accounting sector has undergone significant changes, which has caused a renewed emphasis on ethical accounting practises. Welcome to the accounting realm! It gives us great pleasure to introduce “Accounting for Mangers-Text and Problems” to the commerce and management undergraduate students of Indian universities. It includes a variety of problems, their answers, and exercises in addition to presenting fundamental and theoretical elements of basic accounting, management accounting and cost accounting in an easy-to-understand, straightforward, and thorough approach. Sufficient examples have been incorporated to help newcomers understand the subject’s basic concepts. This book is divided into 12 chapters. The purpose of first 7 chapters is to give an overview of basic of Accounting, Accounting Standards-IND, AS and IFRS, recording of transactions i.e. journalising, ledger posting, preparation of trail balance, depreciation accounting and preparation of final accounts with adjustment entries. Chapter 8, 9 and 10 emphasis on basic concepts of Cost Accounting, Contracts Costing and Process Costing. Chapter 11 and 12 discusses about the fundamentals of Management Accounting and Standard Costing. The language is quite clear and very instructive for both professionals and beginners. Structure and examples are used to describe each chapter in detail. At the end of each chapter, review questions along with carefully chosen test questions and practise tasks are given We hope that the student who is interested in accounting will find this book to be quite valuable.