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Management Accounting: Principles & Practice, 3rd Edition

This book is meant for students of accounting, management and business studies. It not only describes the principles, procedures and techniques of management accounting, but also explains and analyses the core concepts that have driven the development of the subject for decades. The book is a perfect blend of conceptual and practical approaches to accounting. NEW IN THIS EDITION • Completely revised and updated • New chapters on strategic management accounting, product costing, and service costing • Coverage of total quality management (TQM), just-in-time (JIT), life cycle costing, and Kaizen costing • Worked out solutions to problems and latest professional examination questions

The conservatism principle calls for conservative approach on the part of
accountant in his estimated, opinions and selection of procedure. • The
materiality principle urges to disclose matters that are material in the financial
reports and to ...