This book is meant for students of accounting, management and business studies. It not only describes the principles, procedures and techniques of management accounting, but also explains and analyses the core concepts that have driven the development of the subject for decades. The book is a perfect blend of conceptual and practical approaches to accounting. NEW IN THIS EDITION тАв Completely revised and updated тАв New chapters on strategic management accounting, product costing, and service costing тАв Coverage of total quality management (TQM), just-in-time (JIT), life cycle costing, and Kaizen costing тАв Worked out solutions to problems and latest professional examination questions