Subjects

Accounting for Managers: Taxonomy of Financial Cost and Management Accounting

Siddhartha Sarkar , Arise Publishers, 2012, pbk, v, 210 p, ISBN : 9789380162270, $20.00 (Includes free airmail shipping)

Accounting for Managers: Taxonomy of Financial Cost and Management Accounting

Contents: Foreword. 1. Accounting: concept and context. 2. Financial accounting. 3. Cost accounting. 4. Management accounting.

Accounting is a collection of systems and process used to record, report and interpret economic transactions. It provides a clarification or report in financial terms concerning the transactions of an organization. Accountability results in the preparation of financial statements, primarily for those interested parties who are external to the organizations. This function is called financial accounting. Typically cost accounting is concerned with determining the cost of an object, whether a product, an activity, a division of the organization or market segment. While management accounting system must provide timely and accurate information to make possible efforts to control costs, to measure and improve productivity and to formulate enhanced production processes. This study delves into the advancement of financial, cost and management accounting contemplation under a matching wrapper.

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