Management Accounting is concerned with provision of financial information that is useful to management for the purpose of setting goals and objectives, formulating, implementing and controlling strategies and making decisions for the effectiveness of the organization. During last many decades, accounting information are greatly used in managerial decisions and control. As a result, management accounting has become an effective tool of management. Due to increasing importance of management accounting, it has been included in curriculum of Bachelors and Masters Level of management in all universities of Nepal.

It gives us immense pleasure to place the first edition of the book titled “Management Accountancy”. This book is intended to meet the needs of the students for a clear knowledge on theoretical and practical aspects of management accounting.

Although, the book has been written as per MBS Second semester syllabus of Tribhuvan University, the book is equally useful to BBS, BBA and MBA programs of Tribhuvan university, Pokhara University, Purbanchal University and Kathmandu University. We hope that the book will be useful and acceptable to all who have keen interest to enrich their knowledge of management accounting.

This book is organized in 10 chapters. Each chapter of this book has been presented with a large number of illustrations. Efforts have been made to present the subject matter vividly in order to make the subject much easier. This book has been prepared to facilitate the students for their better results in exam with the broad knowledge and practical field also.

We have tried our level of best to keep this book error-free. However, we undertake full responsibility for the errors. We request all the students, teachers, readers and well-wishers to provide the constructive suggestions to improve the book for the next editions.

Authors

2019