Strategic Information System..

What is the field of study called “Strategic Information Systems” about? Is it about information systems that are strategic? Is it about information systems that support strategy? Is it about how strategy and information systems should be aligned? The answer to these three questions is “yes”. This chapter accepts the above myriad of interpretations of strategic information systems and presents a review of the many varied concepts and issues. A perspective on the interpretation of these terms is that information technology may be used to represent the components of infrastructure, such as hardware and telecommunications. Then, the term information system (which would encompass these infrastructure components) also includes the processes, both manual and automated, which support business operations and eventually, in relation to the organization’s strategic direction, contributes to competitive advantage. However, in this chapter information systems and information technology will be used interchangeably, mainly because their use throughout the literature reviewed here is not entirely consistent. That is, in this discussion they will mean the same thing. In general, information systems (and in this chapter information technology) exist to gather data and transform that data into information to support decision making within an organization. These decisions may be made at various levels within the organization. However, the eventual consequence of management decisions will relate to the overall business strategy. Thus, the information systems must provide support for the strategic direction of the organization. So, whether the information system is strategic or that it supports strategic initiatives it is an important consequence that information systems be aligned with the adopted strategy of the organization.

Book: Strategic Information System (Download)

Read More

International Accounting Standards, Regulations and Financial Reporting

Accounting standards, which determine the accounting numbers published by companies, play a major role in the wealth distribution process in market economies. Accounting standards are believed to intend to enhance the quality of accounting information and to reduce the information asymmetry among market participants. In these market economies accounting standards are set either by private standard-setting bodies or by public standard-setting bodies. The examination of private sector standard-setting processes has been the subject of a considerable number of studies. In almost all studies, private standard setting is always considered as a political activity, in which interested parties are given the opportunity to lobby the standard setter and thus influence the process. Parties affected by the rules will seek to persuade the standard setter to write the rules to their advantage. As a result, lobbying activities take place in order to promote, influence, or obstruct proposed accounting standards. The role of the standard setter is to resolve conflicts amongst interested groups by building consensus. Private standard setters develop their standards according to a due process, which allows all interested parties the opportunity to provide input on proposed accounting standards.

Book: International Accounting Standards, Regulations and Financial Reporting (Download)

Read More

Cost Accounting Standards, Rule and Regulations...

Since the early part of the century, the federal government has had accounting requirements or criteria designed to protect it from the risk of overpaying for goods and services by governing the manner or degree to which contractors apportion costs to their cost-based contracts with the government. A key role in the current rules is played by the 19 standards that were developed in the 1970s by the Cost Accounting Standards (CAS) Board, a body created by Congress for the purpose of developing a set of uniform and consistent standards. The 19 standards and their attendant regulations impose unique and significant accounting requirements on companies that are awarded cost-based contracts by the government.
Book: Cost Accounting Standard, Rules and Regulations (Download)

Read More

Practical Implementation of International Financial Reporting Standards

UNCTAD’s Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) has recognized the growing number of member States that are introducing international financial reporting standards (IFRS) as basis for the preparation of corporate financial reports by enterprises in their respective jurisdictions. In light of this development, the Group of Experts devoted substantial time during its recent sessions todeliberating on the practical challenges that arise in the implementation of IFRS. ISAR’s deliberations on this topic at its twenty-third and twenty-fourth sessions were facilitated by a number of country case studies conducted in different regions of the world.

Book: Practical Implementation of International Financial Reporting Standards (Download)

Read More

Advanced Audit and Assurance(ACCA P7)

 A Recognise the legal and regulatory environment and its impact on audit and assurance practice
B Demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework
C Assess and recommend appropriate quality control policies and procedures in practice management and recognise the auditor’s position in relation to the acceptance and retention of professional appointments
D Identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing
E Identify and formulate the work required to meet the objectives of non-audit assignments
F Evaluate findings and the results of work performed and draft suitable reports on assignments
G Understand the current issues and developments relating to the provision of audit- related and assurance service
Book: Advanced Audit and Assurance (ACCA P7)

Read More

Project Management

This book was designed for anyone thinking of taking the Project Management Professional (PMP®) exam sponsored by the Project Management Institute (PMI®). This certification is growing in popularity and demand in all areas of business. PMI has experienced explosive growth in membership over the last few years, and more and more organizations are recognizing the importance of project management certification.

Book: Project Management (Download)

Read More

Cost and Management Accounting by Garisson(PPT Lectures)

Cost and Management Accounting written by Garrisson and Noreen for the student of ACMA, CA, ACCA and other Cost and Management Accounting Students. These are the Power Point Lecture slides of the whole book of Cost and Management Accounting. These are the helpful for students as well as teacher to easy access to this book.....

Chapter 1(Download), Chapter 2(Download), Chapter 3(Download), Chapter 4(Download), Chapter 5(Download), Chapter 6(Download), Chapter 7(Download), Chapter 8(Download), Chapter 9(Download),  Chapter 10(Download), Chapter 11(Download), Chapter 12(Download), Chapter 13(Download), Chapter 14(Download),

Read More

Book: Fundamental of Business Economics CIMA- C04

This is an introduction to business economics and assumes no prior knowledge of the subject. It aims to provide students with a knowledge of the fundamental economic and financial concepts necessary for conducting the role of a management accountant, and underpins their studies towards attainment of the award of Chartered Management Accountant.
The first section of the syllabus introduces the key concepts of business economics, including the fundamental economic problem of how to allocate scarce resources to obtain the maximum possible benefit from them.
The second section looks at the way markets operate through the interaction of supply and demand. It also looks at a range of different market structures, and considers situations where governments need to intervene to correct market failures.
The third section introduces the financial system, and looks at the role of financial organisations in meeting the
financial requirements of businesses and individuals. Finally, the fourth section looks at the way economies operate as a whole, and it looks at key issues such as inflation, unemployment, government economic policies and international trade.

Book: Fundamental of Business Economics Study Text (Download)

Book: Fundamental of Business Economics Practice Book (Download)

Read More

Book: Fundamental of Business Mathimatics CIMA- C03

Syllabus overview
This is a foundation level study in mathematical and statistical concepts and techniques. The first and third sections, Basic Mathematics and Summarising and Analysing Data, include techniques which are fundamental to the work of the Management Accountant. The second section covers basic probability and is needed because Management Accountants need to be aware of and be able to estimate the risk and uncertainty involved in the decisions they make. In the fourth and fifth sections, there is an introduction to the mathematical techniques needed for forecasting, necessary in the area of business planning. The sixth section is an introduction to financial mathematics, a topic that is important to the study of financial management. Finally, there is a section covering how Chartered Management Accountants use spreadsheets in their day-to-day work.

Aims
This syllabus aims to test the student's ability to:
• Demonstrate the use of basic mathematics, including formulae and ratios
• Identify reasonableness in the calculation of answers
• Demonstrate the use of probability where risk and uncertainty exist
• Apply techniques for summarising and analysing data
• Calculate correlation coefficients for bivariate data and apply the technique of simple regression analysis
• Demonstrate techniques used for forecasting
• Apply financial mathematical techniques
• Use spreadsheets to facilitate the presentation of data, analysis of univariate and bivariate data and use of
formulae

Book: Fundamental of Business Mathimatics Study Text (Download)

Book: Fundamental of Business Mathimatics Practice Book (Download)

Read More

Book: Fundamental of Financial Accounting CIMA-C02

This is an introduction to financial accounting and assumes no prior knowledge of the subject. It deals with the
recording of accounting transactions and the preparation of accounting statements for single entities. The basic
concepts of accounting are dealt with and the student will be expected to understand the limitations of financial
accounts in attempting to meet the needs of all users. An understanding of the different approaches to asset
valuation and the resulting influence on profit management is required.
Learning aims
This syllabus aims to test the student's ability to:
• Explain the conceptual and regulatory framework of accounting
• Explain the nature of accounting systems and understand the control of such systems
• Prepare and interpret accounts for a single entity
• Interpret simple ratios
Book: Fundamental of Financial Accounting - Study Text (Download)
Book: Fundamental of Financial Accounting - Practice Book (Download)

Read More

Fundamental of Management Accounting CIMA- C01

Part A Cost determination and behaviour
1 Introduction to management accounting and costing
2 Cost behaviour
3 Overhead costs – absorption costing
4 Marginal costing and pricing decisions
5 Inventory valuation
6 Breakeven analysis and limiting factor analysis
Part B Standard costing
7 Standard costing
8 Variance analysis
Part C Financial planning and control
9 Budget preparation
10 Flexible budgeting
Part D Costing and accounting systems
11 Cost bookkeeping
12 Process costing
13 Job, batch and contract costing
14 Service costing
Book: Fundamental of Management Accounting- Study Text (Download)
Book: Fundamental of Management Accounting- Practice Book (Download)

Read More

Cost and Management Accounting (Manual)

Learning Objectives
LO1. Identify the major differences and similarities between financial and managerial
accounting.
LO2. Understand the role of management accountants in an organization.
LO3. Understand the basic concepts underlying Just-In-Time (JIT), Total Quality
Management (TQM), Process Reengineering, and the Theory of Constraints (TOC).
LO4. Understand the importance of upholding ethical standards.
New in this Edition
• The discussions of JIT, TQM, and Process Reengineering have been condensed.
Manual: Cost and Management Accounting (Download)

Read More

Integrated Management

This book is for CIMA student Integrated Management....
This Book contains  knowledge about:-
Strategic Management
Project Management
Management of Relationship and so on....

Book: Integrated Management (Download)

Read More

Financial Accounting

LEARNING OBJECTIVES
1. Define accounting and identify its objectives.
2. Distinguish among the three major types of accounting.
3. List the three primary financial statements and briefly summarize the information
contained in each.
4. Identify financial statement users and the decisions they make.
5. Define generally accepted accounting principles and explain how they are
determined.
6. Describe the role of auditing.
7. List the economic consequences of accounting principle choice.
8. Assess the importance of ethics in accounting.
Author:Mc Graw Hill
Book: Financial Accounting (Download)

Read More

Cost and Management Accounting

WHAT IS COST AND MANAGEMENT ACCOUNTING?

Cost Accounting is the process of tracking, recording and analyzing costs associated with the products or activities of an organization. Managers use cost accounting to support decision making to reduce a company's costs and improve its profitability. Management Accounting is focused on designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information—to help drive economic value. The role of Management Accounting differs from that of financial accounting, since management accountants work at the ―beginning‖ of the value chain, supporting decision making, planning and control, while audit and tax functions involve checking the work after the fact.

Author: Colin Drury
Book: Cost and Management Accounting (Download)

Read More

Practical Financial Accounting

Financial Accounting is an Important subject of modem world. That is why we bring out this book of Practical Financial Accounting with advance methods, Practices and in a inimitable style. The students businessmen, traders, industrialists and professionais must know financial accounting to real life situations. The book opens up the gateway of analysis to the world of accounting to those who go in for the study of accounting methods and techniques academically as well as practically. This book has been written in a "Teach Yoursdf" style strictly following a student friendly approach and essentially meant to serve the matter for their examination as a tutor at home.
This book is useful for B.Com., B.B.A., M.Com., M.B.A., C.S., CA., ICMA students and professionals.

Author: DR K.S Vataliya
Book: Practical Financial Accounting (Download)

Read More

Managerial Accounting (Manual) by Garisson Noreen

Managerial accounting is concerned with providing information to managers for use within the organization. Financial accounting is concerned with providing information to stockholders, creditors, and others outside of the organization.

Essentially, managers carry out three major activities in an organization: planning, directing and motivating, and controlling. All three activities involve decision making.

The Planning and Control Cycle involves formulating plans, implementing plans, measuring performance, and evaluating differences between planned and actual performance. A line position is directly related to the achievement of the basic objectives of the organization.
A staff position is not directly related to the achievement of those objectives; rather, it is supportive, providing services and assistance to other parts of the organization.

Book: Managerial Accounting by Garrison Noreen Manual (Download)

Read More

Performance Management

To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control.
Book: Performance Management (Download)

Read More

Accounting and Finance..

Contents
Part 1: Accounting in an International Context
1. The accounting environment
2. Accounting reports: their nature and uses
Part 2: The Recording and External Reporting Focus
3. Classification and analysis of transactions
4. The recording focus
5. Inventory transactions
6. Accounting information systems and internal control
7. End-of-period adjustments
8. The principles applied: owner’s equity
9. The structure and content of financial reports
Part 3: Financial Management
10. Accounting and financial management
11. Financial statement analysis
Part 4: The Conceptual Framework Applied
12. Sources of authority and conceptual frameworks for accounting
13. Assets and expenses
14. Revenue
15. Liabilities
Part 5: Topical Issues
16. Topical issues in accounting
Book: Accounting and Finance (Download)

Read More

Financial Reporting

International Financial Reporting Standards (IFRS) are principles-based Standards, Interpretations and the Framework (1989)^[1] adopted by the International Accounting Standards Board (IASB).

Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On 1 April 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and SICs. The IASB has continued to develop standards calling the new standards IFRS.
Book: Financial Reporting (Download)

Read More

Human Resource Management

This subject/course is designed to teach the basic principles of Human Resource Management (HRM) to diverse audience/students, including those who are studying this as a supporting subject for their bachelor degree program. This course is designed to provide you the foundations of HRM whether you intend to work in HRM or not, most of these elements will affect you at some point in your career. Either you will be working with some organizations or having people working for you, in both cases you will be dealing with people.
To be understandable and lively means that we need to communicate you. We start every chapter with learning objectives. The most important thing you will get out of this course are the basic skills required to succeed in today’s environment which are, you must be able to communicate, think creatively, plan effectively and deal with people.

Book: Human Resource Management (Download)

Read More

Marketing Management

Marketing, as a discipline, has traveled a long distance in the last four decades. It is a craft of linking the producers of goods and services with the existing and potential customers. The changes in the consumer behavior, market place, channels of distribution, the merchandizing, display and almost anything have been tremendous in the past few decades. The speed of change is stupendous. Major shopping malls, the range of choices, the buying pattern from personal to internet buying, credit cards etc has taken long strides towards difference and has totally changed business outlook. The demand for more sophisticated products has emerged almost in every field. Products have today very close similarities. The research has created nearly the same kind of services and customer aids. Marketers are today faced with tough decisions. One wrong decision or delayed decision can completely put business back and give competitors edge over the market place, which in itself is a tough situation to face.

Book: Marketing Management (Download)

Read More

FINANCIAL MANAGEMENT

Financial management is the broadest of the three areas, and the one with the most job opportunities. Financial management is important in all types of businesses, including banks and other financial institutions, as well as industrial and retail firms. Financial management is also important in governmental operations, from schools to hospitals to highway departments. The job opportunities in financial management range from making decisions regarding plant expansions to choosing what types of securities to issue when financing expansion. Financial managers also have the responsibility for deciding the credit terms under which customers may buy, how much inventory the firm should carry, how much cash to keep on hand, whether to acquire other firms (merger analysis), and how much of the firm’s earnings to plow back into the business versus pay out as dividends.
 Book: Financial Management (Download)

Read More

Cost Accounting

What Does Cost Accounting Mean?
A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance.  

L E A R N I N G O B J E C T I V E S of Cost Accounting..
After completing this chapter, you should be able to answer the following questions:
1.How do financial and management accounting relate to each other?
2.How does cost accounting relate to financial and management accounting?
3.What is the role of a code of ethics in guiding the behaviors of an organization’s global workforce?
4.What factors have influenced the globalization of businesses and why have these factors been significant?
5.What are the primary factors and constraints that influence an organization’s strategy and why are these factors important?
6.How does an organization’s competitive environment impact its strategy and how might an organization respond to competition?
7.How does the accounting function impact an organization’s ability to successfully achieve its strategic goals and objectives?
8.Why is a company segment’s mission affected by product life cycle?
9.What is the value chain and why is it important in managing a business?

Book: Cost Accounting (Download)

Read More

Management Accounting

Management accounting  is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.

In contrast to financial accountancy information, management accounting information is:

• designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators;
• usually confidential and used by management, instead of publicly reported;
• forward-looking, instead of historical;
• computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting standards. 
•  Book: Management Accounting (Download)

Read More

Def: Management Accounting...

Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.
In contrast to financial accountancy information, management accounting information is:

• designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators;
• usually confidential and used by management, instead of publicly reported;
• forward-looking, instead of historical;
• computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting standards.

Read More

Def: Cost Accounting...

In management accounting, cost accounting establishes budget and actual cost of operations, processes, departments or product and the analysis of variances, profitability or social use of funds. Managers use cost accounting to support decision-making to cut a company's costs and improve profitability. As a form of management accounting, cost accounting need not follow standards such as GAAP, because its primary use is for internal managers, rather than outside users, and what to compute is instead decided pragmatically.

Costs are measured in units of nominal currency by convention. Cost accounting can be viewed as translating the supply chain (the series of events in the production process that, in concert, result in a product) into financial values.

Read More