Cost Accounting & Management Essentials You Always Wanted To Know covers Cost Accounting concepts and application to real-life business decisions. It explains the concepts in a concise and easy-to-understand manner for business professionals. This book includes Cost Accounting FUNDAMENTALS, SOLVED Exercises, Important CONCEPTS & PRINCIPLES and Ample PRACTICE Exercises. The topics covered are: a) Cost Accounting Fundamentals, b) Balancing of the 3 factors - Cost, Volume & Profit, c) Concept of Relevant Information and Decision Making, d) Activity Based Costing, e) Cost Allocation Techniques, f) Cost Variances and Control. The book is divided into separate chapters, each dedicated to a single concept in Cost Accounting & Management. The flow is such that it builds the readers understanding in stages. At the end of each chapter there are ample solved examples that help apply the concepts learnt in the chapter. This is followed by Practice Exercises that give an opportunity to the reader to apply the learnings from the chapter. The reader gains the following competence after reading this book: a) Understanding of the standard Cost Accounting Terms, b) Applying cost accounting concepts to real-life business scenarios, c) Using relevant cost accounting information to take business decisions.