The academic and professional landscape of cost and management accounting is undergoing a remarkable transformation, driven by rapid technological advancements, evolving business models, and an increasing dependence on data-driven decision-making. Addressing this shift with clarity and relevance, Dr. Preeti Rajguru presents her latest work, Recent Trends in Cost and Management Accounting, a comprehensive and forward-looking guide designed to equip learners and professionals with the knowledge and tools required in today’s dynamic environment.
This insightful book goes beyond the boundaries of traditional costing methods, recognizing that conventional approaches alone are no longer sufficient to meet the complexities of modern business operations. Instead, it emphasizes the integration of advanced digital tools and contemporary cost management techniques, enabling readers to develop strategic thinking, analytical capabilities, and agile decision-making skills. Through a carefully structured approach, the book successfully bridges the gap between theoretical foundations and practical applications, making it highly relevant for both academic and professional use.
A key highlight of the book is its extensive coverage of modern cost management practices such as Activity-Based Costing, Lean Accounting, Kaizen, Just-in-Time (JIT), Target Costing, and Backflush Costing. It further explores the growing influence of emerging technologies, including Artificial Intelligence, Enterprise Resource Planning (ERP) systems, cloud computing, automation, and business intelligence tools. These elements are presented not merely as concepts but as practical enablers of efficient cost control and strategic planning in contemporary organizations.
Adding significant value to its content, the book incorporates real-world case studies and benchmarking examples from leading Indian and global corporations such as Tata Steel, Infosys, Wipro, Reliance Retail, HDFC Bank, and Indigo Airlines. These examples provide readers with a deeper understanding of how digital cost strategies are being implemented across diverse sectors including manufacturing, IT, retail, and financial services, thereby enhancing the practical relevance of the subject matter.
Organized into five well-defined units, the book systematically covers the transition from traditional to digital cost systems, contemporary costing techniques, the role of advanced technologies, and the application of analytical tools for informed decision-making. Each unit is supported by multiple-choice questions and assessment exercises, encouraging critical thinking and reinforcing learning outcomes. Additionally, the inclusion of a curated bibliography and webliography offers valuable guidance for further research and academic exploration.
Authored by Dr. Preeti Rajguru, a distinguished academician with over 15 years of teaching experience in Commerce and Management, the book reflects her deep subject expertise and commitment to academic excellence. Currently serving as Assistant Professor and Controller of Examinations at Brihan Maharashtra College of Commerce (BMCC), Pune, she has consistently contributed to teaching innovation, curriculum development, and academic administration. Her strong academic background, combined with her research contributions and administrative leadership, brings both depth and credibility to this work.
Dr. Rajguru’s teaching philosophy—centered on conceptual clarity, practical relevance, and alignment with evolving industry trends—is clearly reflected in the structure and approach of the book. Her ability to combine academic rigor with real-world insights ensures that readers gain a holistic understanding of cost management in the digital age.
Recent Trends in Cost and Management Accounting is envisioned as an essential resource for undergraduate and postgraduate students of commerce and management, as well as for educators, researchers, and industry professionals. As the role of cost accountants continues to evolve into a more strategic and technology-oriented function, this book stands as a timely and valuable contribution, empowering readers to excel academically and adapt confidently to the demands of a digitally transformed business world.