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The Third edition is the updated version of the book as per the latest CBCS syllabus.
By adopting a new approach to helping students understand how management accounting contributes to decisions in a variety of organizational contexts, this textbook sets out clear explanations of practical management accounting techniques - in the context of the application of these techniques to decisions. Uniquely, the book examines the analytical and critical issues that often influence decision makers operating within private and public sector organizations. It is supported by case studies of varying complexity that will allow students to work at their own level and also includes summaries.
Written for the cost accounting course at the third level, this book should appeal to professors who see cost accounting as a cost information process to make more informed managerial decisions. This book features extended examples of cost techniques used by real companies, and real world examples which demonstrate a balance among manufacturing companies, service firms and non-profit firms.