Success in any organization?from the smallest corner store to the largest multinational corporation?requires a comprehensive understanding of cost accounting concepts and practices. Cost accounting provides key data to managers for planning and controlling, as well as costing products, services and customers. The central focus of cost accounting: a managerial emphasis is how cost accounting helps managers make better decisions. Cost accountants are increasingly becoming integral members of decision-making teams instead of just data providers. To link to this decision-making emphasis, the &ldquodifferent costs for different purposes" theme is used throughout this book. By focusing on basic concepts, analyses, uses and procedures, the book recognizes cost accounting as a necessary managerial tool for business strategy and implementation. This book teaches students of mba, mfc, mce as well as ca, cwa and cfa values and behaviors to be effective in the workplace and prepares them for the challenges they will face in the professional world.