The objective of this book is to convey a foundation knowledge of management accounting practice within the context of relevant theory. The book situates management accounting in its social and organisational context, before examining costing, decision-making, planning and control and performance measurement. The book is particularly well illustrated with examples, exercises and graded questions to ensure that students have plenty of opportunity to apply the techniques they have studied. Management Accounting: Practice and Theory is aimed at students of accounting, finance and business taking a first course in management accounting, at either undergraduate or professional level.