Book Image

Accounting for Financial and Managerial Decisions and Control

Author: Dr. Achyut Gyawali, Dhruba Prasad Subedi, Hiranaya Niruala & Cheta Bdr. Bharati (Govinda)
  • ISBN: 9789937303255
  • Version: English
  • Price NRs. 695
  • Published Year 2018
  • Pages: 532
  • Avaliablility: In stock
  • University: Tribhuwan University

Order Now

Today’s organizations face more turbulent environment and intense competition than the organizations of the past due to increasing information explosion, rapidly changing technology, globalization, demographic changes, growing regulatory measures, and so on. In such a situation, they not only try hard for growth, but even for survival. Therefore, it is essential for the managers of these organizations to effectively and efficiently plan activities, organize resources, direct people and control operations to attain organizational goals and objectives. For all this, what is required them is the relevant information which is not fully provided by only traditional financial and cost accounting. Managers not only need information generated from financial and cost statements, but also information from forecasts, surveys, expert opinions, and so on. As a result, Accounting for Financial and Managerial Decisions and Control evolved as a branch of accounting which provides information specially tailored to managers for effectively and efficiently performing their functions. Recently, however, managers’ tasks are becoming more strategic in nature due to changing environment and intensifying competition. Therefore, a transformation is visible from the traditional financial accounting to innovative Accounting for Financial and Managerial Decisions and Control which is sometimes also termed as strategic Accounting for Financial and Managerial Decisions and Control.
The present book deals only with the traditional concepts and techniques of financial accounting that are covered in the MBS 3rd Semester syllabus of Tribhuvan University. It, therefore, presents the basic concept of financial statements, effect of accounting policies in financial information, decision making and control, accounting control of accounts receivables and cash, cash flow statement and its analysis, ratio analysis, decision regarding alternative choices, pricing decision and capital budgeting/investment analysis.
Since this textbook is primarily written to cater to the needs of MBS and MBA students, we, therefore, hope that they will find the book worth reading and satisfying to learn the basics and advanced concepts and techniques of Accounting for Financial and Managerial Decisions and Control. We by no means claim, however, that the book is free from any error, but accept the fact that despite our meticulous and sincere efforts some errors might be inadvertently left. We promise to rectify them in the forthcoming editions. We, therefore, look forward to receiving the feedback from our valued students.