Taxmann's Management Accounting – Blends IFRS | Ind AS | NEP-based Theory with Practical Tools—Case Studies | Numerical Exercises | Excel Resources—to Offer a Comprehensive Guide
About this ebook
This book is intended for the following audience:
• Undergraduate and Postgraduate Students – Ideal for MBA, M.Com, PGDM, PGDBM, E-MBA, BBA, B.Com, B.Sc. (Management), and other specialised programs in Management, Commerce, and Finance
• Professional Certification Candidates – Offers robust foundational knowledge for professional courses in accounting and finance
• Non-financial Managers – Equips professionals from diverse backgrounds with critical financial decision-making skills
• Faculty Members – Acts as a classroom-ready resource, complete with teaching aids like PowerPoint presentations and Excel spreadsheets
The Present Publication is the 2nd Edition, authored by Dr Madhu Vij & Dr Deepika Dhingra. The noteworthy features of this book are as follows:
• [Updated & Aligned Content] Incorporates the latest changes in IFRS and Ind AS, ensuring readers stay current with global and local standards
• [Case-based and Numerical Learning] Features rich case studies and a broad spectrum of numerical problems that foster analytical and decision-making skills
• [Skill Development Focus] Emphasises experiential learning through 'Let's Get Together and Solve,' 'Critical Thinking Exercises,' and 'Conceptual Analysis' at the end of each chapter
• [Tech-integrated Learning] Accompanied by resource materials like PowerPoint presentations and Excel spreadsheets to reinforce computational proficiency
• [NEP Alignment] Reflects the tenets of the National Education Policy by encouraging skills-based, practical education
• [User-friendly Design] Written in a clear, accessible style, making it suitable for a wide range of learners, including non-accounting professionals
• [Practice-driven Pedagogy] Each chapter offers solved examples and unsolved problems to promote independent learning and conceptual clarity
• [Balanced Theory & Practice] Goes beyond technical accounting to stress strategic applications, illustrating how management accounting influences performance, resource allocation, and long-term planning
• [Excel Proficiency] Recognising the modern-day importance of spreadsheet skills, the book includes resources and exercises to develop student capabilities in Excel-based financial analyses
The coverage of the book is as follows:
• Financial Statement Analysis & Cash Flows
o Techniques for interpreting financial statements and preparing cash flow statements using both direct and indirect methods
• Budgeting & Costing Techniques
o Covers budgeting, standard costing, variance analysis, and cost-volume-profit analysis
• Cost Behaviour & Decision-Making
o Explores cost classification, relevant costing, break-even analysis, and special decision-making scenarios like 'make-or-buy' and 'sell-or-process-further'
• Advanced Managerial Topics
o Tackles responsibility accounting, transfer pricing, and performance evaluation methods such as ROI and RI
• Specialised Topics
o Provides insights into Human Resource Accounting, Inflation Accounting, and Life-Cycle Costing, showcasing emerging trends in the field
The book is organised into five parts, each focusing on a critical area of management accounting:
• Part I – Accounting in Business
o Fundamentals of accounting, the accounting equation, business transactions, and the environment in which accounting operates
o Depreciation and inventory valuation methods
• Part II – Analysis of Financial Statements
o In-depth methods for analysing and interpreting financial statements, including funds flow, cash flow statements, and ratio analysis
• Part III – Cost Behaviour, Planning, and Decision-making
o Essential cost concepts and classifications
o Cost-volume-profit analysis, budgeting processes, and variance analysis for informed managerial decisions
• Part IV – Cost Control and Performance Evaluation
o Techniques of responsibility accounting, transfer pricing, job and process costing, and divisional performance measurement
• Part V – Emerging Concepts in Accounting
o Delves into Human Resource Accounting, Inflation Accounting, and Life-Cycle Costing, reflecting modern developments in the accounting profession
• Each chapter concludes with practical tools—Critical Thinking Exercises, Classroom Activities, Conceptual Analysis, and a variety of Solved and Unsolved Problems—designed to cultivate analytical abilities and collaborative learning
Ratings and reviews
About the author
Dr Madhu Vij is a former Senior Professor of Finance at the Faculty of Management Studies, University of Delhi, with over four decades of experience in teaching and research. She is recognised for her expertise in International Finance, Risk Management, Banking and Financial Services, Corporate Finance, and Accounting.
Dr Vij currently serves on the Governing Body of Shri Ram College of Commerce, University of Delhi, and represents the Trust at Lal Bahadur Shastri Institute of Management, Dwarka. She is also the Chair of the Academic Council and President of the Global Risk Management Institute in Gurugram. Her previous roles include serving as a Government Nominee at the Institute of Company Secretaries of India (2019–2023) and holding Independent Directorships in four public limited companies; she continues to serve in this capacity for one public limited company. Additionally, Dr Vij was a Non-Executive Independent Director of MOIL Limited, a Mini Ratna PSU, from 2010 to 2013. She has also been a member of the Board of Governors at the Arun Jaitley National Institute of Financial Management (NIFM) and the Academic Advisory Body of the Indian Institute of Management, Sirmaur.
A recipient of the Alumni Excellence Award from Shri Ram College of Commerce, University of Delhi, Dr. Vij attended the Global Colloquium on Participant-centered Learning at Harvard Business School, Boston. She served on the Panel of Judges for the Prime Minister's Trophy, selecting the best steel plant (2011–2013), and contributed as a member of the Ad-Hoc Task Force for the Results Framework Document (2011–2013).
Dr Vij's research, consultancy, and training activities focus on Risk Management, Project Management, Strategic Financial Management, Case-based Learning and Teaching, and Finance for Non-Finance Managers. She has presented research papers at national and international conferences, serves on the editorial boards of various journals, and actively reviews for several academic publications and conferences. Her research interests encompass credit ratings and financial crises, enterprise risk management, corporate sustainability, country risk analysis, foreign exchange risk management, treasury management, corporate valuation, asset-liability management, and corporate governance. Over the years, she has led multiple projects sponsored by organisations such as the UGC, RBI, ICSSR, SAIL, and the University of Delhi.
Dr Vij's publications include numerous papers in reputable academic journals as well as books on International Financial Management and Corporate Finance for MBA participants at NIIT (USA). She has co-authored "Merchant Banking and Financial Services" and "Women's Studies in India: A Journey of 25 Years."
Beyond her finance expertise, Dr Vij served as the Director of the Women's Studies and Development Centre at the University of Delhi (2012–2013). She remains actively involved in gender studies, having delivered special talks and led a project on microfinance and gender.
Dr Deepika Dhingra is an accomplished academician and industry professional with over 17 years of experience in finance, management education, and applied research. A PhD holder from the Faculty of Management Studies (FMS) at the University of Delhi, she also holds an MBA in Finance from Guru Gobind Singh Indraprastha University. Currently an Associate Professor and Area Chair at BML Munjal University, Dr. Dhingra collaborates with leading academic and professional institutions.
Her scholarly work seamlessly connects theory with real-world applications, focusing on financial modelling, time-series analysis, ESG practices, fintech, and business sustainability. She has published extensively in top-tier ABDC-ranked and Scopus-indexed journals. She has presented her research at international conferences hosted by notable institutions, including the Indian Institutes of Management (IIMs), the Indian School of Business (ISB), and BITS Pilani.
A passionate case writer, Dr Dhingra has authored multiple real-world case studies distributed globally through Ivey Publishing and The Case Centre. She has also contributed chapters to books published by Springer, Routledge, and IGI Global, examining topics like digital transformation, financial innovation, and corporate strategy.
Beyond her academic pursuits, Dr Dhingra has consulted with organisations across India and the UK, designing curricula and training programs for public sector undertakings and multinational tech firms. This hands-on experience enables her to address current financial challenges while ensuring practical learning outcomes.
In her latest work on Management Accounting, Dr Dhingra draws on her academic expertise, research acumen, and industry engagement to offer students, educators, and professionals a comprehensive guide to navigating today's dynamic business landscape.
