About the book: management accounting: principles and 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 contents: part I: fundamentals and cost accumulation methods - nature and scope of management accounting strategic management accounting accounting process and principles - an overview cost analysis and decision making inventory costing product costing service costing, part ii: accounting for financial analysis - analysis of financial statements ratio analysis statement of changes in financial position cash flow statement, part iii: accounting for managerial decisions - marginal costing break-even analysis (cost--profit analysis) differential costing: an aid to decision making activity-based costing pricing policy and decisions, part iv: accounting for planning and execution - budgetary control budgetary control capital budgeting risk and uncertainty management reporting, part v: performance measurement and evaluation responsibility accounting divisional performance and transfer pricing, part vi: specialized topics in accounting valuation of goodwill and shares inflation accounting human resource accounting emerging trends in management accounting about the author: m a sahaf dr m a sahaf is professor at the business school, university of kashmir, srinagar. Earlier, he was professor and dean, faculty of business admin