Description
Taxmann Management Accounting 2nd Edition 2025 by Madhu Vij, Deepika Dhingra
Management Accounting is a comprehensive textbook that bridges theoretical accounting concepts with practical financial decision-making. Reflecting the most recent updates in International Financial Reporting Standards (IFRS) and Indian Accounting Standards (Ind AS), the book also aligns with India's National Education Policy (NEP) by emphasising experiential, skills-based learning. It synthesises years of academic expertise and practical insights to help readers navigate the evolving landscape of management accounting.
This book is intended for the following audience:
Undergraduate and Postgraduate Students – Ideal for MBA, M.Com, PGDM, PGDBM, E-MBA, BBA, B.Com, B.Sc. (Management), and other specialised programs in Management, Commerce, and Finance
Professional Certification Candidates – Offers robust foundational knowledge for professional courses in accounting and finance
Non-financial Managers – Equips professionals from diverse backgrounds with critical financial decision-making skills
Faculty Members – Acts as a classroom-ready resource, complete with teaching aids like PowerPoint presentations and Excel spreadsheets
The Present Publication is the 2nd Edition, authored by Dr Madhu Vij & Dr Deepika Dhingra. The noteworthy features of this book are as follows:
[Updated & Aligned Content] Incorporates the latest changes in IFRS and Ind AS, ensuring readers stay current with global and local standards
[Case-based and Numerical Learning] Features rich case studies and a broad spectrum of numerical problems that foster analytical and decision-making skills
[Skill Development Focus] Emphasises experiential learning through 'Let's Get Together and Solve,' 'Critical Thinking Exercises,' and 'Conceptual Analysis' at the end of each chapter
[Tech-integrated Learning] Accompanied by resource materials like PowerPoint presentations and Excel spreadsheets to reinforce computational proficiency
[NEP Alignment] Reflects the tenets of the National Education Policy by encouraging skills-based, practical education
[User-friendly Design] Written in a clear, accessible style, making it suitable for a wide range of learners, including non-accounting professionals
[Practice-driven Pedagogy] Each chapter offers solved examples and unsolved problems to promote independent learning and conceptual clarity
[Balanced Theory & Practice] Goes beyond technical accounting to stress strategic applications, illustrating how management accounting influences performance, resource allocation, and long-term planning
[Excel Proficiency] Recognising the modern-day importance of spreadsheet skills, the book includes resources and exercises to develop student capabilities in Excel-based financial analyses
The coverage of the book is as follows:
Financial Statement Analysis & Cash Flows
Techniques for interpreting financial statements and preparing cash flow statements using both direct and indirect methods
Budgeting & Costing Techniques
Covers budgeting, standard costing, variance analysis, and cost-volume-profit analysis
Cost Behaviour & Decision-Making
Explores cost classification, relevant costing, break-even analysis, and special decision-making scenarios like 'make-or-buy' and 'sell-or-process-further'
Advanced Managerial Topics
Tackles responsibility accounting, transfer pricing, and performance evaluation methods such as ROI and RI
Specialised Topics
Provides insights into Human Resource Accounting, Inflation Accounting, and Life-Cycle Costing, showcasing emerging trends in the field
The book is organised into five parts, each focusing on a critical area of management accounting:
Part I – Accounting in Business
Fundamentals of accounting, the accounting equation, business transactions, and the environment in which accounting operates
Depreciation and inventory valuation methods
Part II – Analysis of Financial Statements
In-depth methods for analysing and interpreting financial statements, including funds flow, cash flow statements, and ratio analysis
Part III – Cost Behaviour, Planning, and Decision-making
Essential cost concepts and classifications
Cost-volume-profit analysis, budgeting processes, and variance analysis for informed managerial decisions
Part IV – Cost Control and Performance Evaluation
Techniques of responsibility accounting, transfer pricing, job and process costing, and divisional performance measurement
Part V – Emerging Concepts in Accounting
Delves into Human Resource Accounting, Inflation Accounting, and Life-Cycle Costing, reflecting modern developments in the accounting profession
Each chapter concludes with practical tools—Critical Thinking Exercises, Classroom Activities, Conceptual Analysis, and a variety of Solved and Unsolved Problems—designed to cultivate analytical abilities and collaborative learning