This edition of Management Accounting (CMA INTER – Group 2, Paper 12), authored by FCMA Govada Chalapathi Rao (G.C. Rao), is prepared strictly as per the New Syllabus 2022 and is applicable for the December 2025 and June 2026 Examinations. It serves as a comprehensive, syllabus-aligned, and exam-focused resource for CMA Intermediate students, blending theoretical concepts with practical applications to develop analytical and decision-making skills in cost and management accounting.

The book ensures complete coverage of the 2022 syllabus, presents complex concepts in a clear and systematic manner, and provides numerous solved problems and illustrations to aid conceptual understanding. It also incorporates past examination questions to help students align their preparation with exam patterns and expectations.

The content spans the full scope of Management Accounting, including:
• Introduction to Management Accounting – Concepts, Functions, and Scope
• Budgeting and Budgetary Control
• Standard Costing and Variance Analysis
• Marginal Costing and Cost-Volume-Profit Analysis
• Decision-Making Techniques – Make or Buy, Product Mix, Pricing, and Shutdown Decisions
• Responsibility Accounting and Transfer Pricing
• Cost Management and Performance Evaluation
• Ratio Analysis, Cash Flow Analysis, and Fund Flow Analysis
• Divisional Performance Measurement
• Strategic Cost Management Techniques
• Latest developments and relevant amendments as per the 2022 syllabus

This edition is particularly suitable for:
• CMA Intermediate students preparing for Dec. 2025 & June 2026 exams
• Faculty members and coaching institutes engaged in CMA preparation
• Professionals seeking a structured refresher on management accounting principles
• Academicians and learners pursuing advanced studies in cost and management accounting
• Practitioners looking for a ready reference for decision-making and performance evaluation

Whether used for self-study, classroom teaching, or professional reference, this updated edition of Management Accounting provides a complete, exam-oriented, and practical learning resource for mastering the subject and achieving success in the CMA Intermediate examination.