This book gives students a thorough grounding in cost concepts, cost behaviour, costing methods and techniques and an understanding of the uses and limitations of cost data for planning and control and special decision-making. Any discussion involving conceptual difficulties is immediately followed by a numerical example. A liberal sprinkling of charts and diagrams has been made to bring to light finer points of the subject and to make it easily comprehensible. Organisation of the subject matter is on “first things first” basis and to sustain the interest of the students. The Section “Examine your Knowledge” provides objective type questions like true/false and fill in the blanks. The book covers the syllabi for ICAI, ICWAI, AIMA, BCom, MCom and MBA.