The book provides a comprehensive coverage of the course-content requirements of the students appearing the paper 'Financial & Management Accounting' at the PGDBM and MBA Examinations of different Management Institutions. The book has been divided into TWO Convenient Sections. Section 1 deals with Financial Accounting while section 2 concerned with Mangement Accountong.
The unique features of this book lie in its simple and simplicity of style and systematic presentation of theory and graded practical illustrations which have made it user friendly mainly the students. The other main strengths of this book are: exhaustive text plentiful illustrative examples and end-of-the-chapter exercises with answers.

Salient Features
Updated position regarding, IFRSs and steps for their convergence in India.
Certain new concepts viz. Target Costing, Kaizen Costing and Balanced Scorecard have been incorporated in Chapter 3 (Section A) and Appendix 1 of the book.
Schedule III regarding presentation of financial statements as per the Companies Act, 2013 has been incorporated as an Appendix 5 to the book.

Contents :

Part I – Financial Accounting
Meaning and Scope of Accounting
Accounting Principles
Journalising Transactions
Ledger Posting and Trial Balance
Sub-division of Journal
Negotiable Instruments
Bank Reconciliation Statement
Matching Concept
Capital and Revenue
Final Accounts
Part II – Management Accounting
Section A : Fundamentals

Management Accounting – Nature and Scope
Basic Cost Concepts
Section B : Financial Analysis
Financial Statements – Analysis and Interpretation
Ratios Analysis
Funds Flow Analysis
Cash Flow Analysis
Section C : Planning & Control
Budgetary Control
Standard Costing
Variance Analysis
Marginal Costing and Profit Planning
Decisions involving Alternative Choices
Section D : Appendices
Appendix 1 : Presentation of Financial Statements
Appendix 2 : Balanced Scorecard