Managerial Accounting not only introduces the reader to the fundamental tools of the subject, but also provides the insights one needs in order to understand the ways in which this field is evolving. This text gives a firm grounding in the wide-ranging concepts of managerial accounting, showing their relevance to the overall management process.

Each chapter is written around a strategic business or focus company. It helps in understanding the application of managerial accounting concepts to decision-making in actual case scenario. To make the text more suitable for Indian students, a few Indian examples have also been added in this edition.

Management Accounting is traditionally explained through illustrations from manufacturing sector. Given the shift towards the services sector, the book provides for balanced examples from service, retail, non-profit and manufacturing companies.

The book covers contemporary topics such as activity-based costing, target costing, value chain analysis, customer-profitability analysis, and throughput costing, without sacrificing coverage of traditional topics such as job-order costing, budgeting and performance evaluation.