Advanced Management Accounting Vol 1

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