This book deals with basic concepts of financial statements, analysis, cost management and their applications in managerial decision making. All concepts have been explained lucidly, using practical examples and diagrams for easy explanation, for the user who may not have any previous background in accounting.Applications of financial ratios, funds flow and cash flow information and cost management principles and techniques, inclusive of budgeting process, have been discussed, using simple numerical models as well as corporate examples and cases.Besides being a useful text for students, this book would be of immense help to non-finance executives and those who wish to acquire knowledge about the sources and techniques of generating accounting information, cost analysis and budgeting.

This book is meant for students of accounting, management and business studies. It not only describes the principles, procedures and techniques of management accounting, but also explains and analyses the core concepts that have driven the development of the subject for decades. The book is a perfect blend of conceptual and practical approaches to accounting. NEW IN THIS EDITION • Completely revised and updated • New chapters on strategic management accounting, product costing, and service costing • Coverage of total quality management (TQM), just-in-time (JIT), life cycle costing, and Kaizen costing • Worked out solutions to problems and latest professional examination questions

A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.