Now in its 13th edition, this textbook continues to provide an in-depth and insightful analysis of the modern theories and practices of cost accounting. Primarily intended for postgraduate and undergraduate students of commerce and management, the book will be of benefit to students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), the Institute of Cost Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI), and those pursuing the Chartered Financial Analyst (CFA) course. The book has been thoroughly revised meeting the latest syllabus requirement of various courses. A new chapter on "Strategic Cost Management" has been included. Many chapters have been overhauled and updated, in particular the chapters covering basic concepts and terms, classification of costs and cost sheet, activity based costing, marginal costing, relevant cost analysis and management decisions, capital budgeting decisions, and cost audit. The book also includes terminology published by CIMA, the cost standards recommended by ICAI, and an array of illustrations, worked-out examples, MCQs and practice exercises.

This well-established and widely adopted textbook, now in its 12th edition, continues to provide an in-depth and insightful analysis of the modern theories and practices of Cost Accounting. That the book has gone into its 12th edition is a testimony of its wide acceptance by the students, academics and professionals. Primarily intended for postgraduate and undergraduate students of Commerce and Management, the book would also immensely benefit students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), Institute of Cost and Works Accountants of India (ICWAI), Institute of Company Secretaries of India (ICSI), and those pursuing the Chartered Financial Analyst (CFA) course.

The elegantly combined presentation of the various aspects of financial management and the topics of management accounting is a highlight of this text. The extensively revised, updated and reorganised new edition retains the thorough coverage of the various areas of financial management - basic concepts of finance, sources of finance, capital structure theories and planning, dividend policies, investment decisions, portfolio management and working capital management - as well as the areas of management accounting - changes in financial position, budgetary control and standard costing, and cost information and management decisions - provided in the previous editions. It presents, in addition, significant and contemporary topics such as financial environment, corporate governance and international financial management. Intended primarily for postgraduate students of commerce (MCom) and management (MBA with finance specialisation), the book will also be highly useful for undergraduate students of these disciplines (BCom/BBA), students of professional courses such as CA and ICWA, as well as professionals in the fields of financial management and management accounting.

With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications. Divided into five parts, the text deals in Part I with the basic concepts, and in Part II with financial and dividend decisions. Part III discusses investing in long-term and short-term assets. Part IV shows how performance analysis and measurement are done, and Part V covers contemporary topics such as portfolio management, mergers and acquisitions, and corporate governance.

Financial Management is so crucial for any organization--public or private sector--as profit maximization and increasing the shareholder value depend, to a large measure, on efficient and effective financial management of the company or firm. With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications. While retaining the distinguishing features of the previous edition, the book is now a much more comprehensive one on Financial Management. Significant changes have been incorporated into the chapters relating to cost of capital, analysis of leverages, capital structure theories and planning, capital budgeting decision, working capital management, changes in financial position, accounting ratios and financial statement analysis, mergers and acquisitions and corporate governance for further value addition of the book. The book is logically organized into five parts-Part I: Basic Concepts, Part II: Financial and Dividend Decisions, Part III: Investing in Long-term and Short-term Assets, Part IV: Performance Analysis and Measurement, Part V: Contemporary Topics-to enable the students to understand the concepts, with suitable cases, chronologically and more effortlessly. This book is primarily intended as a text for the students of commerce and management courses. It will also be highly useful for those appearing in CA and ICWAI examinations. In addition, the text will benefit practising finance and accounting professionals, corporate managers, and participants in management development programs. Key Features: Includes numerous illustrations, worked-out problems and exercises covering recent questions in university and professional examinations. Gives corporate practices in professional management, wherever found necessary. This will enable the students to acquaint themselves with real-life situations. Provides Case Studies in a few complex chapters to enhance the analytical and presentation skills of the students in a classroom setting.