A PRACTICAL APPROACH TO ADVANCED MANAGEMENT ACCOUNTING THEORY, PROBLEMS AND SOLUTIONS APPROACH 3 Vols

A Practical Approach to Advanced Management Accounting is a comprehensive book explaining concepts, theories, problems and solutions of Advanced Management Accounting in a lucid and informative manner. This book offers a key combination of core technical material and engaging examples of the subject in practice. 

Special features of the book

• Comprehensive coverage of the ICAI syllabus
• Latest amendments incorporated as per ICAI Module
• Coverage of Past Examinations’ Solved Papers
• A Self-study Module with Author’s Tutorial Notes
• User-friendly and lucid writing style
• Well-presented flow charts, diagrams and tables
• Glossary for a quick recap
• Illustrative (with examples ) explanation of the concepts

Editorial Board Iii 
Preface v
Visual Walk-through vi
Syllabus Mapping viii 
1 Development in Busines Environment 1
Unit I: Total Quality Management 2
Introduction 2
Core Concepts of TQM 2
PRAISE Analysis 9
Contributions in the Field of TQM by Deming 10
Six Sigma 11
Problems and Solutions 15
Unit II: Activity Based Costing 21
Introduction 21
Activity Based Costing 21
Activity Based Budgeting (ABB) 28
Problems and Solutions 30
Unit III: Target Costing 59
Introduction 59
Conceptual Model of Target Cost 59
Target Costing Process 60
Value Engineering (VE) 62
Problems and Solutions 67
Value Engineering 72
Unit IV: Product Life Cycle 74
Meaning and Phases in Product Life Cycle 74
Various Stages in Product Life Cycle 76
Life Cycle Costing 76
Problems and Solutions 79
Unit V: Value Chain Analysis 81
The Value Chain Analysis 81
The Value Chain Framework of Porter (1990) 81
Contents
Industry Value Chain 83
Strategic Frameworks Required for
Value Chain Analysis 85
Unit VI: Cost Control and Cost Reduction 89
What is Cost Control? 89
What is Cost Reduction? 89
Problems and Solutions 91
Unit VII: Just-in-Time 92
Introduction 92
Backfl ush Costing 96
Problems and Solutions 99
Unit VIII: Material Requirement Planning (MRP)
Synchronous Manufacturing, Computer-Aided Manufacturing and
Business Process Reengineering 103
Introduction 103
MRP - II 104
Synchronous Manufacturing 104
Computer-Aided Manufacturing 105
Business Process Re-Engineering 105
Unit IX: Theory of Constraints 106
Introduction 106
Theory of Constraints (TOC) 106
Throughput 107
Managing Bottlenecks 108
Problems and Solutions 110
2 Decision Making using Cost Concepts and
CVP Analysis 115
Unit I: Basic Cost Concepts 116
What is Cost? 116
Cost Concepts and Terms 119
Classifi cation of Costs 123
Types of Costing 126
Methods of Costing 127 Vol 2 1 Linear Programming 1
Introduction 2
Practical Applications of Linear Programming 3
General Mathematical Model of Linear
Programming Problem 4
Formulation of a Linear Programming Problem 5
Practical Applications of Linear Programming 5
Graphical Problems 21
Simplex Method 35
Primal – Dual 51 Vol 3 1 Development inBusines Environment 1
Unit I: Total Quality Management 1
Unit II: Activity Based Costing 8
Unit III: Target Costing 17
Unit IV: Product Life Cycle 22
Unit V: Value Chain Analysis 26
Unit VII: Just-in-Time 32
Unit VIII: Material Requirement Planning (MRP)
Synchronous Manufacturing, Computer-Aided Manufacturing and Business Process Reengineering 36
Unit IX: Theory of Constraints 40
2 Decision Making using Cost Concepts and CVP Analysis 41
Unit I: Relevant Costs 41
Unit II: “Make or Buy” Decision 43
Unit III: Marginal Costing 44
Unit IV: CVP Analysis 48
Unit V: Product Mix Decision 53
Unit VI: Shut Down and Divestment 54