Taxmann Indian Accounting Standard Taxmann by CP Gupta & Vidisha Garg 2nd Edition 2025

Description

Management Accounting with Excel Applications based on National Education Policy (NEP) offers a clear, well-structured, and up-to-date exposition. It systematically explains core management accounting concepts—from budgeting and standard costing to decision-making and responsibility accounting—while highlighting the importance of Excel in today’s data-driven environment. Every chapter incorporates business scenarios and practical examples, helping readers connect theory with managerial challenges.

This book is intended for the following audience:

• Undergraduate Students of B.Com. (Hons.) and B.Com., especially those following the latest NEP guidelines
• Professional Course Aspirants preparing for CMA, CA, or related certifications
• Educators and Instructors looking for a comprehensive textbook with a logical flow
• Business Professionals & Managers who need an easy-to-follow reference to enhance their decision-making skills using management accounting tools

The Present Publication is the 2^nd Edition, authored by Prof. (Dr) C.P. Gupta and Dr Vidisha Garg, with the following noteworthy features:

• [NEP-aligned Content] Conforms to the latest National Education Policy guidelines and the syllabus for B.Com. (Hons.) and B.Com.
• [Lucid Explanations & Worked Examples] Offers abundant illustrations, solved problems, and caselets that simplify complex topics and equip readers with problem-solving skills
• [Logical Formula Explanations] Pays special attention to the derivation and reasoning behind key management accounting formulas
• [Real-Life Episodes] Each chapter includes a ‘Real-Life Episode’ section presenting contemporary cases and scenarios, ensuring students understand practical applications of theoretical concepts
• [Excel Applications] Demonstrates how to leverage Excel features for essential tasks such as budgeting, variance analysis, CVP analysis, and scenario planning, making the book exceptionally relevant to modern workplaces
• [Comprehensive Coverage of Exams] Encompasses examination questions for B.Com. (Hons.), B.Com., CMA., and CA, including past question papers and typical problem-solving approaches
• [Appendices for Further Insight] Supplementary material elaborates on specific topics for deeper clarity
• [Supports Self-study and Classroom Learning] The simplicity of language and logical structure makes the text equally useful for self-paced learners and classroom teaching
• [Emphasis on Accuracy and Clarity] The authors have meticulously verified formulas, examples, and problem solutions, with references provided as footnotes wherever necessary

The coverage of the book is as follows:

• Introduction to Management Accounting
  • Lays the groundwork by exploring its nature, objectives, history, and overlap with cost and financial accounting
• Budgeting and Budgetary Control
  • Explains budget objectives, budgeting processes, fixed and flexible budgets, and advanced budgeting methods like zero-based and performance budgeting
• Standard Costing and Variance Analysis
  • Covers types of standards, variance analysis for materials, labour, overheads, and sales, plus reconciliation of budgeted and actual profits
• Absorption Costing and Variable Costing
  • Delves into product costs vs. period costs, profit statements under different costing methods, and their significance in internal/external reporting
• Cost-Volume-Profit (CVP) Analysis
  • Examines break-even points, profit-volume ratios, margin of safety, multiple-product scenarios, and the implications of variable changes on profit
• Decision-Making
  • Discusses short-term decision-making using marginal and differential costing techniques in scenarios like special offers, make-or-buy, product-line elimination, and pricing decisions
• Responsibility Accounting
  • Clarifies the concept of responsibility centres, performance measurement (financial and non-financial), and divisional evaluation
• Excel Applications
  • Demonstrates practical Excel tools (Data Tables, Scenario Manager, Solver, and Regression Analysis) and walks readers through accounting scenarios—like budget preparation and cost segregation

The structure of the book is as follows:

• Chapter-wise Thematic Approach – Each of the eight chapters systematically builds on prior concepts, ensuring a progressive understanding of management accounting
• Introductory Overviews – Chapters begin with a clear summary of learning objectives
• Practical Episodes & Case Studies – Enhance relevance and practical insight by connecting academic topics with contemporary business cases
• Theory, Solved Examples, and Practice Questions – Every chapter concludes with comprehensive exercises, reinforcing learning and aiding exam preparation
• Appendix Sections – Provide advanced or supplementary material for specific points/topics that require deeper explanation
• Integration of Excel Features – Realistic datasets and step-by-step instructions help readers develop essential spreadsheet skills in tandem with theoretical knowledge