Management accounting for financial services
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Abstract / Description
Management Accounting for Financial Services” is an expression of the desire to apply the knowledge acquired in the discipline of management accounting for decision making in banks and other financial institutions. The author brings twenty years of his experience of working overseas in the field of accounting profession, especially the management accounting, to bear upon his writing of the book. This is the first compilation of its kind in Pakistan that directs the principles and methodologies of management accounting specifically towards banking and financial industry.
The book comprises of 22 chapters. The first 17 chapters cover management accounting in theory and practice. They are roughly subdivided into cost concepts, management planning in performance evaluation and management accounting for decision-making. The remaining five chapters exclusively deal with using management accounting for decision making in financial service industry. Management today relies heavily on accounting information - reliable and fast – to make decisions. Today, majority of decisions are made on the basis of accounting information pertaining to costs that are of short and mid term duration. The book, therefore, starts with describing the nature of costs, their behavior and their business framework. Costing carries a special meaning in the business environment and the book shows its importance as a decision making tool. Recording and reporting costs i.e., job order costing and process costing are the two common methods of collecting costs. Both these methods are fully discussed in the first part of the book.
Keywords
Cost Accounting, Management Planing, Performance Evaluation, Decision Making, Financial Institutions, Variance Analysis, Future Value, Compounding, Average Accounting Return, Add-On Loan Rate
Table of Contents
I. Cost Accounting: Cost Concepts, Behaviours and Framework
Chapter I Introduction, Background and Definition ----------------- 1-10
Chapter II Cost Classification and Flow ------------------------------- 11-22
Chapter III Cost Accumulation Cycle ----------------------------------- 23-30
Chapter IV Job Order Costing System --------------------------------- 31-41
Chapter V Process Costing ----------------------------------------------- 42-52
Chapter VI Absorption Costing vs, Direct Costing ------------------ 53-59
II. Management Planing & Performance Evaluation
Chapter VII Role of Budget in Decision Making -------------------- 61-80
Chapter VIII Standard Costs --------------------------------------------- 81-89
Chapter IX Flexible Budget ----------------------------------------------- 90-96
Chapter X Computation and Analysis of Variance ------------------ 97-105
Chapter XI Profit Variance Analysis ------------------------------------ 106-115
Chapter XII Responsibility Accounting -------------------------------- 116- 126
III. Management Accounting for Decision Making
Chapter XIII Break Even and Cost Volume Profit Analysis ------- 127-135
Chapter XIV Use of Differential Analysis for Decision Making --- 136-149
Chapter XV Preparing and Analyzing Comprehensive Financial Statement 150-165
Chapter XVI Time Value of Money --------------------------------------- 166-178
Chapter XVII Capital Budgeting ------------------------------------------- 179-188
IV. Management Accounting for Financial Institutions
Chapter XVIII Costing & Cost Analysis for Banks -------------------- 189-206
Chapter XIX Pricing of Business Loans --------------------------------- 207-219
Chapter XX Asset and Liability Management -------------------------- 220-231
Chapter XXI Financial Statements of a Bank -------------------------- 232-243
Chapter XXII Performance Analysis for Banks ------------------------ 244-258
Publication Date
2006
Was this content written or created while at IBA?
Yes
Recommended Citation
Saiyed, A. U. (2006). Management accounting for financial services. Retrieved from https://ir.iba.edu.pk/faculty-research-books/38
