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Management Accounting




                    Notes          4.   Distinguish between the management accounting and cost accounting.

                                   5.   List out the contradictory areas of interest in between management accounting and fi nancial
                                       accounting.
                                   6.   Management accounting is the accounting system for making decisions of the business
                                       enterprise. Discuss.
                                   7.   “Management accounting serves as a tool to management.” Analyze this statement.
                                   8.   Analysis the scope of management accounting.
                                   9.  Write briefly of the evaluation of management accounting.


                                   10.   The cost accounting is very closely-related to financial accounting. Give some suggestions
                                       to support the above statement.
                                   Answers: Self Assessment

                                   1.   Financial accounting             2.   custodial or stewardship
                                   3.   Cost accounting                  4.   double entry system

                                   5.  Management Accounting             6.   Cost accounting
                                   7.  Cost accounting                   8.   fi nancial
                                   9.   fi nancial                        10.   Management accounting
                                   11.  Financial accounting             12.  False
                                   13.  True                             14.  False
                                   15.  True


                                   1.7 Further Readings



                                   Books       I.M. Pandey, Financial Management, Vikas Publishing, New Delhi.
                                               Khan and Jain, Management Accounting.
                                               Nitin Balwani, Accounting & Finance for Managers, Excel Books, New Delhi.

                                               Prasanna Chandra, Financial Management - Theory and Practice, Tata McGraw Hill,
                                               New Delhi (1994).
                                               R.L. Gupta and Radhaswamy, Advanced Accountancy.
                                               S. Bhat, Financial Management, Excel Books, New Delhi.
                                               S.N. Maheswari, Management Accounting.
                                               V.K. Goyal, Financial Accounting, Excel Books, New Delhi.



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