This is a comprehensive textbook designed to meet the needs of both accounting and non-accounting students at degree and diploma levels. This edition comprises 21 chapters, which covers the fundamental theories and application of costing and management accounting, and the use of accounting information for planning, control and decision-making. The topics include, among others, the theories and practices of costing, pricing, performance measurement, capital budgeting and contemporary management accounting. The chapter on contemporary management accounting, in particular, keeps the book relevant by discussing current developments in accounting, focusing on strategic and competitive issues. This book aims to equip students for the real world by enabling them to make informed decisions, manage businesses effectively and improve performance.