The book is divided in to five parts and provides a comprehensive coverage of financial accounting, cost accounting and management accounting. Part I on Basic Financial Accounting discusses accounting concepts, accounting books and entries, corporate reporting. Part II on Financial Management covers financial statement analysis, fund flow and cash flow analysis, working capital management, and capital budgeting. Part III on Cost Accounting includes introduction to cost accounting, material cost control, overhead cost allocation, activity based costing etc. The following part (IV) on Management Accounting enumerates the cost volume profit relationship, decision making and pricing. The book concludes with Part V on Planning, Control and Performance Measurement that discuses standard costing, budgetary control, responsibility accounting, among other topics.
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