A Textbook Of Cost And Management Accounting by M. N. Arora
is an essential resource for understanding the core principles of cost and management accounting. The book provides a thorough examination of fundamental topics like cost behavior, cost-volume-profit analysis, and various costing methods such as job order costing, process costing, and activity-based costing. It offers detailed explanations on budgeting, variance analysis, and performance evaluation, which are crucial for effective financial management.
The book also explores managerial aspects such as pricing decisions, break-even analysis, and cost control strategies. A Textbook Of Cost And Management Accounting by M. N. Arora is designed to help students and professionals gain the skills necessary for making informed business decisions and improving organizational performance. It covers advanced topics like transfer pricing and decision-making models, providing insights into complex cost-related issues.
A significant feature of this textbook is its real-world case studies and examples that help readers apply theoretical concepts in practical scenarios. The book also discusses modern approaches such as lean accounting and target costing, encouraging businesses to adopt more efficient cost management practices. Whether you’re a student or a finance professional, A Textbook Of Cost And Management Accounting by M. N. Arora is a valuable resource for mastering cost and management accounting.