Cost Accounting is a high value subject and all business graduates must possess knowledge of cost accounting concepts and practices. It helps in planning and controlling of costs of products and services and also in making managerial decisions, which in turn assists in maximization of profit.
This book has been divided into five chapters to fully cover of BMS of Mumbai University. The book has sufficient number of solved problems and illustrations and unsolved problems with answers and hints, apart from objective type questions. This will help students tackle examination questions with ease. The theory questions and practical problems have been mostly selected from examinations of B. Com., BBA and BBM of various leading Indian universities and also CA, CS, ICWA examinations etc.
M N Arora is Senior Reader in Hans Raj College, Delhi University. He did B.Com (Hons) and M.Com from Shri Ram College of Commerce and was position holder in Delhi University. He is also a Fellow Member of The Institute of Cost and Works Accountants of India. M N Arora has over 35 years experience of teaching Cost Accounting and Management Accounting in graduate and postgraduate courses in Delhi University and also in other professional courses. He has authored quite a few popular text-books which have been widely prescribed. His Cost Accounting - Principle & Practice is in the list of Suggested Readings prescribed by UGC, The Institute of Company Secretaries of India, Delhi University and other universities. He was a Special Invitee in the meetings of the Cost Accounting Standard Board of the Institute of Cost and Works Accountants of India for finalization of draft Cost Accounting Standards.