{"product_id":"taxmanns-cost-management-accounting-book-by-ravi-m-kishore-paresh-shah","title":"Taxmann's Cost \u0026 Management Accounting book by Ravi M. Kishore, Paresh Shah","description":"\u003cp\u003e\u003cem\u003e\u003cspan\u003eCost \u0026amp; Management Accounting – Theory | Problems | Cases\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e is a comprehensive textbook that integrates the discipline's full theoretical canon with an unusually large corpus of worked illustrations, end-of-chapter problems, and decision-oriented cases—316 illustrations, 139 problems, and 42 scenario-based cases across sixteen chapters. Originally authored by the late Ravi M. Kishore—whose successive editions established the work as a standard text across Indian commerce and management programmes—the 7\u003csup\u003eth\u003c\/sup\u003e Edition has been comprehensively revised and updated by Paresh Shah to align with current undergraduate, postgraduate, and professional curricula, while preserving the original work's clarity of exposition, conceptual rigour, and applied orientation. The volume moves systematically from cost terminology and classification through the elements of cost, methods of costing, costing techniques for planning and control, and culminates in a dedicated treatment of contemporary cost and management accounting practices, making it equally usable as a self-instructional learning text and as a desk reference for working professionals.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe book is designed for:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003ePostgraduate Students\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e in MBA, PGDM, and M.Com. programmes\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eUndergraduate Students\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e in BBA, B.Com., and allied commerce programmes\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eCandidates Preparing for Professional Examinations\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e of CA, ICMA (CMA), CS, and CFA\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eOther Graduate and Postgraduate Programmes\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e that prescribe cost and management accounting\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eExecutives, Managers, and Finance Professionals\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e seeking a structured refresher on cost and management accounting concepts and tools\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe Present Publication is the 7\u003csup\u003eth\u003c\/sup\u003e Edition, authored by Ravi M. Kishore and Paresh Shah, with the following noteworthy features:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eTriadic Learning Architecture\u003c\/strong\u003e] Built around theory, problems, and cases, so that every concept is reinforced through worked illustrations, end-of-chapter practice problems, and applied scenarios drawn from a global business setting\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eDecision-Anchored Case Design\u003c\/strong\u003e] Cases are written as situational decisions—controllable vs uncontrollable cost classifications, normal vs abnormal cost treatment, sunk vs out-of-pocket evaluation, relevant vs irrelevant cost analysis for outsourcing decisions, and standard vs estimated costing—that require the student to apply the chapter's framework rather than re-solve a numerical drill\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eSelf-Instructional Design\u003c\/strong\u003e] Simple, unambiguous language and exhaustive explanatory commentary that allows students to work through the material with minimal classroom intervention\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eStandardised Paragraph Numbering\u003c\/strong\u003e] A consistent hierarchical numbering scheme across every chapter, enabling precise cross-referencing for study, revision, and citation in examination answers\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eChapter-Level Pedagogical Scaffolding\u003c\/strong\u003e] Learning Objectives stated at the head of every chapter, followed at the close by Key Takeaways (\u003cem\u003etheoretical concepts and consolidated formulas\u003c\/em\u003e), Self-Evaluation Questions, Problems, and Cases\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eCurriculum-Aligned Coverage\u003c\/strong\u003e] Aligned to the most recent trends and assessment techniques used by professional bodies and university examinations, with extensive recalibration of the syllabus map in this Edition\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eProfessional Examination Questions\u003c\/strong\u003e] Inclusion of prior examination questions drawn from the public-domain papers of ICAI, ICMAI, ICSI, ICFAI, and CIMA, integrated into the practice material at the end of chapters\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eGST-Aware Materials Costing\u003c\/strong\u003e] Explicit handling of CGST, SGST, IGST, basic customs duty, trade and quantity discounts, demurrage, detention, freight inwards, and returnable\/non-returnable containers in the valuation of materials receipt\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eSector-Extensive Service Costing\u003c\/strong\u003e] Coverage of nineteen sub-sectors including modern IT and cloud-computing environments alongside traditional applications\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eConsolidated Mathematical Tables\u003c\/strong\u003e] A reference set at the close of the volume supporting discounting, annuity, and statistical computations encountered across techniques\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe book covers the discipline in its full theoretical and applied breadth, including:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eFoundational Vocabulary\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eCost, costing, cost accounting, and cost accountancy, with the comparative scope of cost, management, and financial accounting\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eCost Classification Framework\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eClassification by nature, traceability, time, production process, behaviour (\u003cem\u003eincluding sticky and anti-sticky cost, committed and discretionary fixed cost\u003c\/em\u003e), function, normality, controllability, and decision-making relevance, with treatment of opportunity, sunk, replacement, imputed, abandonment, urgent, postponable, engineered, managed, capacity, and programmed cost concepts\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eCost Accounting System Architecture\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eThe cost-control–cost-reduction–cost-audit triad, parameters of cost and management accounting systems (\u003cem\u003ecost units, cost objects, responsibility, cost, revenue, profit and investment centres, cost drivers\u003c\/em\u003e), and the role of information technology and digital costing\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eMaterials Control and Costing\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eFull procedural depth—bill of materials, stores requisition, purchase requisition, tender, purchase order, GRN, inspection note, material transfer and return notes—with seventeen methods of pricing material issues (\u003cem\u003eFIFO, LIFO, simple\/weighted averages in periodic and moving variants, base stock, specific, HIFO, replacement, realisable, NIFO, standard, inflated, and re-use\u003c\/em\u003e), material loss accounting (\u003cem\u003ewaste, scrap, spoilage, defectives, obsolescence\u003c\/em\u003e), stock control techniques (\u003cem\u003eEOQ, ABC, two-bin, pull, stock-level maintenance\u003c\/em\u003e), and inventory turnover analysis\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eEmployee Cost and Direct Expenses\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eTimekeeping and time-booking, payroll accounting, idle time and overtime treatment, labour utilisation, casual and outworker accounting, the full suite of incentive systems (\u003cem\u003eHalsey, Halsey-Weir, Rowan, Barth variable sharing, Emerson efficiency, Bedaux points, accelerating premium, and group\/collective bonus plans\u003c\/em\u003e), labour turnover analysis (\u003cem\u003epreventive, replacement, and total turnover cost\u003c\/em\u003e), and workplace studies—job evaluation, time and motion, method, work, activity sampling, work simplification, and merit rating\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eFunctional Overheads Under Absorption Costing\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eClassification, codification, collection, primary and secondary distribution, three reciprocal-basis re-apportionment methods (\u003cem\u003edirect, step-ladder, reciprocal\u003c\/em\u003e), absorption rates (\u003cem\u003eblanket, departmental, normal, pre-determined, multiple\u003c\/em\u003e), under- and over-absorption, supplementary rates, and the accounting and control of administrative, office, selling, and distribution overheads, together with capacity concepts and idle capacity treatment\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eActivity-Based Costing\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eActivity, cost pool, resource and cost drivers, cost hierarchy (\u003cem\u003eunit, batch, product, facility, organisational\u003c\/em\u003e), Activity-Based Management, and Activity-Based Budgeting\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eOutput Costing and the Cost Sheet\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eComponents, treatment of special items and non-cash expenses, multiple costing, tender and quotation pricing, and the cost sheet–production account distinction\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eCost Bookkeeping\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eIntegrated and non-integrated cost bookkeeping systems, and reconciliation of cost and financial accounts\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eMethods of Costing\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eJob and batch, contract (\u003cem\u003eterminal\u003c\/em\u003e) costing with certified\/uncertified work and notional profit treatment for incomplete contracts, and process costing with inter-process profit, joint products, co-products, and by-products\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eService and Special Costing\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eNineteen sub-sectors covered—road transport, canteen, catering, hotel and lodge, powerhouse, professional services, IT services, cloud computing, toll roads, hospital, educational institutions, insurance (\u003cem\u003elife and non-life\u003c\/em\u003e), banks and NBFCs, agriculture, livestock, dairy farm, jewellery, motion picture, and cinema hall\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eStandard Costing and Variance Analysis\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eMaterial and labour cost variances, overhead cost variances, sales variances, margin and profit variances, control ratios, disposal of variances, and revision of standards\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eMarginal Costing and CVP Analysis\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eBreak-even and margin-of-safety treatment, profit-volume ratio, angle of incidence, multi-product break-even, cash break-even, curvilinear break-even, sensitivity and scenario analysis, and fifteen decision-making areas, including pricing, product or department closure, profitable mix, profit planning, plant merger, make-or-buy, special and export orders, sell-or-further-process, performance evaluation, level-of-activity planning, alternative production methods, new product introduction, cost indifference point, and plant shutdown\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBudgets and Budgetary Control\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eThe full functional budget set (\u003cem\u003esales, production, production cost, raw material, materials purchase, labour, factory, administrative, selling and distribution, capital expenditure, cash, master budget\u003c\/em\u003e), fixed versus flexible budgets, responsibility accounting, and improvement techniques—Zero-Based Budgeting, incremental, Activity-Based, rolling, programme\/output, and performance budgeting—together with feedback and feed-forward control and budget ratio formulas\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eContemporary Cost And Management Accounting\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\u003cspan\u003eUniform Costing and the Uniform Cost Manual, Inter-firm Comparison, Cost Audit under the Companies Act, 2013, Quality Costing and the Cost of Quality model, Target Costing, Life Cycle Costing, Kaizen Costing, Throughput (\u003cem\u003eSuper-Variable\u003c\/em\u003e) Costing with its Theory of Constraints linkage, and Backflush (\u003cem\u003eDelayed\/Post-Deduct\u003c\/em\u003e) Costing in JIT environments\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe text is organised across sixteen chapters, grouped into five progressive learning blocks:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBlock I | Conceptual Foundations (Chapters 1–2)\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e — Establishes the discipline, its terminology, and the architecture of cost classification on which every subsequent chapter draws\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBlock II | Elements of Cost (Chapters 3–6)\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e — Treats the building blocks of total cost—materials, labour and direct expenses, and overheads—and introduces Activity-Based Costing as a refinement of overhead absorption\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBlock III | Methods of Costing (Chapters 7–12)\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e — Presents the cost-sheet and bookkeeping framework, then develops the principal methods (\u003cem\u003ejob, batch, contract, process, operation, service, and special costing\u003c\/em\u003e) for industries with distinct production characteristics, with service costing extended to nineteen sub-sectors, including modern IT and cloud environments\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBlock IV | Costing Techniques for Planning and Control (Chapters 13–15)\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e — Moves from cost ascertainment to managerial use of cost data through standard costing and the full variance suite, marginal costing and CVP-driven decision-making, and the budgetary control system\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBlock V | Contemporary Practice (Chapter 16)\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e — Consolidates modern and emerging techniques—uniform costing, inter-firm comparison, cost audit, quality costing, target costing, life cycle costing, kaizen costing, throughput costing, and backflush costing\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eEach chapter follows a uniform internal architecture:\u003c\/span\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eLearning Objectives\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e stated at the chapter opening\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eConceptual Exposition\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e under a hierarchical paragraph-numbering scheme\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eWorked Illustrations\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e embedded within the discussion, with running solutions shown step by step\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eFigures\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e showing source-document formats (\u003cem\u003ebin card, stores ledger, material transfer note, time card, cost sheet, log sheet\u003c\/em\u003e) where relevant\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eKey Takeaways\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e summarising theoretical concepts and consolidated formulas\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eSelf-Evaluation Questions\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e covering theoretical and short-answer items\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eProblems for Practice\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e, including questions drawn from professional examinations\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003e\u003cspan\u003eCases\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e written as scenario-based decision exercises that test framework application rather than computation alone\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cspan\u003eA consolidated set of \u003cem\u003eMathematical Tables\u003c\/em\u003e (\u003cem\u003eannuity, present value, and statistical\u003c\/em\u003e) appears at the close of the volume to support computations across the discounting, capital budgeting, and variance chapters\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c!----\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":59618352726097,"sku":"9789375610830","price":877.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/1778849135168_1_9789375610830_Detail-Page-_1.jpg?v=1780725517","url":"https:\/\/buytestseries.in\/products\/taxmanns-cost-management-accounting-book-by-ravi-m-kishore-paresh-shah","provider":"BuyTestSeries.in","version":"1.0","type":"link"}