ACCOUNTING FORMANAGEMENT

Abstract

Advancement of technology, at a rapid pace, has shrunk the world into a global village. Information travels from one place to another in
a jiffy, and the arrival of quick information results in making the business world more challenging and competitive. The business structures have also moved from brick and mortar models to click and mortar, thereby
adding huge value to speed. Precise and quick decision making has therefore become essential in this tough and competitive global
environment to improve the profitability and sustainability of business organizations. Business managers take strategic decisions using, financial and non financial information available in the accounting records of the
organisation. Therefore, in the current scenario amongst all available disciplines, accounting is gaining prominence. Every individual be it
business owner, manager or any other must have at least basic accounting knowledge to take right decision in this complex business scenario. Conventionally, role of accounting was limited to recording, classifying and
summarizing the financial transaction of a business organisation. However, in rapidly changing business milieu accounting professionals , business managers , entrepreneurs and other concerned parties are required to acquaint themselves with basic knowledge of accounting fundamentals and abreast with the latest amendments in the field
of accounting. Keeping this fact in view, the authors have brought out the 3rd revised and enlarged edition of the book “ACCOUNTING FOR MANAGEMENT” with all latest concepts, up gradations and updations relevant to the topics. The book provides an exhaustive coverage through FOUR parts and systematically categorized into IV sections which contain Thirty Six comprehensive chapters.