Management accounting has regained its importance due to changes in economic and business environment. The basic nature of the subject has changed from complacent, descriptive and lengthy to competitive, analytical and brief . Gone are the days when readers were expected to go through lengthy and irrelevant, boring and stuffing pieces of information on the subject. Today, because of the time and resource constraints together with increased work pressure, readers expect precise, to the point and relevant information. Keeping these points in mind, the book has been written in a most reader-friendly manner and is supplemented with adequate number of numericals and solved examples. Salient Features · Deals with management accounting from a contemporary perspective the concepts and applications are simplified, lucid and redefined. · Discusses basic concepts and makes management accounting so simple that a lay person may also become interested. · A perfect blending of numerical and solved exercises. · Reader-friendly approach adopted to make readers understand and develop skills to analyse and interpret financial information for their benefits. · Significantly different from other titles on concept and presentation of Management Accounting displays perfect blending between theory and practice.