Accounting and Business Management by Chandak Somayaji

"Accounting and Business Management: A Winning Duo" explores the broad and dynamic field of accounting and business management. We analyze how organizations utilize both tangible and intangible resources, providing essential information for efficient and effective decision-making. Accountants play diverse roles, from costing products and services to optimizing production processes, determining profitability, and advising on business acquisitions and divestitures.

Businesses interact with a vast network of stakeholders, including shareholders, employees, customers, suppliers, competitors, governments, and local communities. Each stakeholder is economically impacted by the strategies, operations, and financial performance of a business. Our book explains how accounting and accountants strive to enhance the economic wealth and welfare of these groups by identifying, analyzing, and communicating relevant financial and non-financial information, enabling informed business decisions.

This comprehensive guide is perfect for students and professionals seeking to understand the intertwined disciplines of accounting and business management.