Management accounting is a discipline that offers all the information required by managers to make an informed decision. It offers both accounting and statistical information in an easy-to-understand format. This enables managers to make long-term and short-term decisions regarding the future of an organization. Management accounting involves various cost accounting methods to ascertain the costs of producing final goods and services. This edition of the book is developed in a simple and easy-to-understand language. The chapter in the book comprises a detailed explanation of all the concepts along with elaborative examples. In addition to that, solved illustrations are provided at the end of each chapter for a coherent understanding of the application for various methods described in the chapters. Apart from regular exercises, case studies and multiple-choice questions are also given after each chapter to encourage students to apply theoretical knowledge and analytical skills.