Advanced Cost and Management Accounting

Traditional costing techniques may not be appropriate in today’s changing dimension. Concepts like activity base costing, target costing, just-in-time, kaizen costing are believed to be more significant in today’s business and manufacturing environment. This book presents conceptual and theoretical aspects of these techniques in a simple, logical and comprehensive manner. It represents Eras and trends of Management Accounting. Certain topics like marginal costing and standard costing have also been introduced considering importance in the present era.

"Advanced Cost and Management Accounting" provides a comprehensive exploration of modern costing techniques crucial for today’s businesses. As product life cycles shorten and competition intensifies, traditional costing methods fall short. The book introduces advanced concepts like Activity-Based Costing, Target Costing, Just-in-Time, and Kaizen Costing, offering valuable insights into their application in performance evaluation, cost control, and strategic decision-making. It also revisits traditional methods such as Marginal and Standard Costing, ensuring a balanced understanding. The book is designed to help students and professionals navigate the evolving landscape of cost and management accounting in today’s dynamic business world.

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