There are a number of books on the subject of Management Accounting available in thelearners market but they do not meet the basic requirements of M.Com. students. This bookis written as per the revised syllabus prescribed for M.Com. students from June, 2013. We dohope that this book will definitely help to meet the growing requirements of the students ofaccountancy from the Faculty of Commerce and Management. This book adopts a modernand novel approach towards the study of Management Accounting in view of the specificrequirements of the readers and practitioners of this subject.