Cost and Management Accounting provides key data to managers for planning and controlling as well as costing products, services and customers. The book also gives comprehensive coverage of management accounting concepts. The content combines these two subject areas with an aim to equip students with a solid foundation in the basic concepts of cost accounting as well as give a firm grounding for the essentials of management accounting. There is a systematic focus on the basic concepts and practice underlying management accounting. By emphasizing basic concepts and analyses instead of procedures alone, the content emphasizes cost accounting as a managerial tool for business strategy and implementation. A balanced approach between theoretical and numerical aspects of the subject has been adopted to ensure ease and clarity in learning.