b' The second edition of Management Accounting is a comprehensive textbook\nspecially designed to meet the needs of postgraduate management students. It\nillustrates the important concepts of management accounting through managerial\napplications and supplements them with numerous solved problems and case\nstudies. It will also be equally useful to business managers. \n\n Divided into five parts, the first part on Cost and Management Accounting gives\nan overview of management accounting and acquaints readers with the basic\nprinciples of cost accounting, costing, cost accountancy, and its differences\nwith financial accounting. The second part covers Elements of Cost, which\nemphasizes the importance of compilation of material costs for products, the\ndifferent '